Business Daily Media

Men's Weekly

.

Hong Kong, opening doors to business success with Cambodia

HONG KONG SAR - Media OutReach Newswire - 1 August 2024 - Hong Kong is on a mission to deepen bilateral relations with Cambodia and the wider Association of Southeast Asian Nations (ASEAN) region.

John Lee, Chief Executive of the Hong Kong Special Administrative Region, led a high-level business delegation to Cambodia (July 30-31, 2024) to explore new opportunities for closer co-operation.

During the visit, Mr Lee met top officials including Cambodia's Prime Minister Hun Manet and Deputy Prime Minister and Minister of Interior Sar Sokha to discuss issues of common interest.

Hong Kong’s Chief Executive, Mr John Lee (left), meets with the Prime Minister of Cambodia, Mr Hun Manet (right), in Cambodia.
Hong Kong’s Chief Executive, Mr John Lee (left), meets with the Prime Minister of Cambodia, Mr Hun Manet (right), in Cambodia.

"We are here to explore the immense opportunities for trade and investment co-operation between Hong Kong and Cambodia, for mutual prosperity and economic development as well as business promotion," Mr Lee said, noting that Cambodia is a rapidly developing market with a remarkable economic potential.

Mr Lee (left) meets with the Deputy Prime Minister and Minister of Interior of Cambodia, Mr Sar Sokha (right), in Cambodia.
Mr Lee (left) meets with the Deputy Prime Minister and Minister of Interior of Cambodia, Mr Sar Sokha (right), in Cambodia.

During the visit, a total of 13 memoranda of understanding were exchanged between various organisations and enterprises from Hong Kong and Cambodia covering areas such as economic co-operation, trade, investment promotion, aviation, information and technology, and financial services.

Mr Lee (second left) and Mr Hun (second right) witness the exchange of a memorandum of understanding between Invest Hong Kong and the Council for the Development of Cambodia.
Mr Lee (second left) and Mr Hun (second right) witness the exchange of a memorandum of understanding between Invest Hong Kong and the Council for the Development of Cambodia.

"We certainly make it easy to do business together," Mr Lee said, during a business luncheon in Phnom Penh. "Under the unique 'one country, two systems' principle, Hong Kong enjoys both the China advantage and the global advantage. We enjoy free flow of information, capital, goods and people, sophisticated infrastructure, and boundless opportunities, thanks to the unfailing support of our country and strong international connectivity."

Mr Lee speaks at a business luncheon in Cambodia co-organised by the Hong Kong Economic and Trade Office in Bangkok and the Hong Kong Trade Development Council.
Mr Lee speaks at a business luncheon in Cambodia co-organised by the Hong Kong Economic and Trade Office in Bangkok and the Hong Kong Trade Development Council.

Hong Kong is also the prime connection point for overseas enterprises to tap into vast growth markets in the Guangdong-Hong Kong-Macao Greater Bay Area and throughout China and beyond.

"Hong Kong brings to the Greater Bay Area international experience and expertise in finance and trade, as well as world-class professional services, transport, logistics and more," Mr Lee said. "I welcome Cambodian enterprises and entrepreneurs to partner with Hong Kong and, together with us, tap into the area's far-reaching business and investment opportunities."

These are some of the reasons why Cambodian finance professional Robert Lay decided to relocate to Hong Kong with his family in 2023.

"In terms of professional work for me, Hong Kong has access to Greater China," said Mr Lay, a successful applicant under the city's Top Talent Pass Scheme.

"Hong Kong has been the headquarters for a lot of the key capital market players. As long as you have the capability to bridge between all of these players, I think it's definitely the right place to be."

Mr Lay's wife is employed by an asset management company while his two children attend an international school in the city. The flexible and international education system was another factor in choosing Hong Kong over other cities. "Our children were born in New Zealand. Coming to this international city, they could learn in English, Cantonese and Mandarin," Mr Lay said.
Hashtag: #hongkong #brandhongkong #asiasworldcity #cambodia #delegation #collaboration #business #exchange






Wechat: 香港 亚洲国际都会

The issuer is solely responsible for the content of this announcement.

News from Asia

Rhenus 4PL Solutions Brings Digital Logistics Expertise Support To The Circular Economy Initiative Of Looper Textile Co. And REMONDIS

Circular textiles at industrial scale: Looper Textile Co. collects, sorts and processes up to 150 million garments annually for reuse and recycling. Digital coordination by Rhenus...

ISCA and SHICPA Sign MOU to Strengthen Support for Accountancy Professionals and Firms in Shanghai

SINGAPORE - Media OutReach Newswire - 8 July 2025 - The Institute of Singapore Chartered Accountants (ISCA) and the Shanghai Institute of Certified Public Accountants (SHICPA) have signed a Memora...

Proscenic Launches Major Prime Day 2025 Sale with Up to 40% Off Best-Selling Vacuums Starting at €89

SHENZHEN, CHINA - Media OutReach Newswire - 8 July 2025 - Smart home innovator Proscenic is kicking off Prime Day 2025 with one of its biggest sales yet, offering up to 40% off its top-rated vacuu...

Arrow Electronics Launches Engineering Solutions Center to Support Tech Innovation Across India and Southeast Asia

BANGALORE, INDIA - Media OutReach Newswire - 9 July 2025 - Arrow Electronics, a global provider of technology solutions, today announced the launch of its new Engineering Solutions Center(ESC) in ...

XIXILI Introduces Jelly Padded Bras: A Game-Changer in Everyday Comfort

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 9 July 2025 - Renowned for empowering women through inclusivity and thoughtful design, XIXILI announces the arrival of its latest bra collection:...

Jurassic World: The Experience Roars Into Bangkok - 8 August 2025 At Asiatique The Riverfront Destination

BANGKOK, THAILAND - Media OutReach Newswire - 9 July 2025 - Asset World Corporation (AWC), Thailand's leading integrated lifestyle real estate group, together with NEON and Universal Destinations ...

Health2Sync and Novo Nordisk Pharma Korea, Ltd. Launch Smart Cap Mallya® for FlexTouch® Insulin Pens Integration in South Korea, Enhancing insulin administration via Digital Diabetes Care

SEOUL, SOUTH KOREA - Media OutReach Newswire - 9 July 2025 - Health2Sync, Asia's leading digital chronic disease management platform, announced the successful integration of Smart Cap Mallya® for ...

E-commerce Platform Wildberries Pilots Its Own Taxi Service

MINSK, BELARUS - Media OutReach Newswire - 9 July 2025 - Wildberries, a leading e-commerce platform in Eurasia, has begun testing its own ride-hailing service in Belarus. The company expects the n...

DYXnet Awarded ISO/IEC 42001 AI Management System Certification by SGS

Leading the New Era of AI in Hong Kong's Telecommunications Industry HONG KONG SAR - Media OutReach Newswire - 9 July 2025 - DYXnet, a wholly-owned subsidiary of VNET Group, Inc...

Prince Foundation Extends Support for Children’s Healthcare in Cambodia Through Cambodia Kantha Bopha Foundation, Reflecting Commitment Guided by Neak Oknha Chen Zhi

PHNOM PENH, CAMBODIA - Media OutReach Newswire - 9 July 2025 - Prince Foundation, the philanthropic arm of Prince Holding Group under the leadership of Neak Oknha Chen Zhi, has reaffirmed its ong...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

Sell by LayBy