Cambodia: Auto, electronics marked as potential priority sectors

• Apr 20, 2022

The Cambodian government identified the automotive and electronics sectors as potential priority sectors for promoting Cambodia’s participation in the global value chain, as well as promoting economic diversification and economic recovery after the Covid-19.

Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance and Chairman of the Economic and Financial Policy Committee, yesterday chaired a meeting on the preparation of a roadmap for the development and attraction of automotive and electronic investment.

Two documents were prepared, outlining the government’s long-term vision, in particular the initiatives for the development of the automotive and electronics sectors.

The first of its kind is the “Roadmap for the Development and Attraction of Automotive Investment”, aimed to develop and link the Cambodian automotive sector to regional and global value chains, and in particular to transform Cambodia into a centre for the production of automotive components, as well as to promote the production of more complex and value-added automotive components.

The second one is the “Roadmap for the Development and Attraction of Investment in the Electronics Sector” aimed at transforming Cambodia into a highly integrated electronics manufacturing centre that manufactures a wide range of electronic components, semi-finished components and finished products to serve global export markets.

Pornmoniroth urged the relevant ministries and institutions to continue to cooperate with development partners.

Source: https://www.khmertimeskh.com/501060029/auto-electronics-marked-as-potential-priority-sectors/