On the morning of May 27, Cambodian Prime Minister Hun Manet and Chinese Ambassador to Cambodia Wang Wenbin jointly attended the ribbon-cutting ceremony for the rubber processing plant operated by KIM’S RUBBER (CAMBODIA) CO., LTD., a subsidiary of Mainland Group of China, in Tbong Khmum Province, witnessing another new achievement in China-Cambodia economic and trade cooperation.

Prime Minister Hun Manet stated in his speech that the project, with a total investment of approximately $30 million, covers nearly 15 hectares and has an annual rubber processing capacity of 100,000 tons. It will directly create about 300 jobs and provide indirect employment opportunities for more than 50,000 people, fully demonstrating Chinese investors’ high confidence in Cambodia’s investment environment and development prospects.

He expressed his gratitude to the Chinese government, enterprises, and people for their long-term support of Cambodia’s economic and social development. He pointed out that China has not only assisted Cambodia’s development through preferential loans, grant aid, and technical cooperation but has also continuously expanded investment in Cambodia, making significant contributions to economic growth and job creation.

Wang Wenbin, Chinese Ambassador to Cambodia, stated that this rubber processing project is another significant achievement of mutually beneficial cooperation between China and Cambodia, as well as a vivid example of the in-depth alignment of the two countries’ development strategies and the complementarity of their industrial strengths. The project aligns with the policy direction of Cambodia’s Seventh Government regarding the development of further processing of agricultural products, the extension of industrial chains, and the enhancement of added value. It will help transform local resources into high-value-added products, support the transformation and upgrading of Cambodia’s economic structure, and inject new momentum into the construction of the “Industrial Development Corridor” and the China-Cambodia “Diamond Hexagon” cooperation framework.

Wang Wenbin emphasized that China will continue to firmly support Cambodia’s economic and social development and is willing to deepen strategic alignment with Cambodia and support more high-quality Chinese enterprises in investing and establishing businesses in Cambodia. He expressed hope that Cambodia would continue to optimize its business environment, while also expecting Chinese enterprises in Cambodia to take root locally, operate in compliance with regulations, actively fulfill their social responsibilities, and become builders of China-Cambodia friendship and promoters of people-to-people bonds.

He also highly praised Cambodia’s development achievements, noting that the Khmer people have a long history and a brilliant civilization. According to World Bank data, between 1994 and 2024, Cambodia's economic output increased by 15.6-fold, ranking third among ASEAN countries in terms of growth rate — a remarkable development achievement. He believes that under the patronage of King Sihamoni and the leadership of Prince Hun Sen and Prime Minister Hun Manet, the Cambodian people will continue to overcome challenges and write a new chapter in the country’s development.