Cambodia and Malaysia have signed a memorandum of understanding (MoU) to strengthen bilateral trade and economic ties, with trade between the two nations reaching $865 million in 2024. The agreement, signed by the Cambodian Chamber of Commerce (CCC) and the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM), aims to foster investment and collaboration across key sectors.
The MoU, signed at the CCC headquarters, establishes a framework for promoting business-to-business connections, trade, and investment. Sok Piseth, CCC vice-president and ASEAN Business Advisory Council chairman for Cambodia, emphasized the agreement’s role in deepening economic relations. He highlighted Cambodia’s robust economic growth, driven by a young workforce, favorable investment policies, and a government vision to achieve high-income status by 2050.
Datuk Ng Yih Pyng, ACCCIM president, expressed enthusiasm for the partnership, noting opportunities to promote regional events like the 14th ACCCIM Young Entrepreneurs Conference and the ASEAN AI Business Summit. Discussions also covered Malaysia’s investments in Cambodia’s manufacturing, real estate, and technology sectors, alongside Cambodia’s agricultural exports to Malaysia. 
Sam Soknoeun, a CCC member and chairman of SAM SN Group, described the MoU as a catalyst for attracting Malaysian direct investment, which could create jobs and boost Cambodia’s international trade. Malaysian imports to Cambodia include machinery and fuel, while Cambodia exports agricultural products.
