Logo of Phnom Penh Post newspaper Phnom Penh Post - Guangbo Group Stock to open stationery and sports products factory

Guangbo Group Stock to open stationery and sports products factory

Content image - Phnom Penh Post
The opening ceremony of Guangbo Group’s first overseas plant in Vietnam on March 21. GUANGBO GROUP

Guangbo Group Stock to open stationery and sports products factory

Chinese-based Guangbo Group Stock Co Ltd plans to open a stationery and sports products factory in the Kingdom, following a successful meeting on Tuesday between the group’s president Wang Liping and Cambodian Minister of Commerce Pan Sorasak.

A Ministry of Commerce press release said Wang met with Sorasak on Tuesday to discuss the project’s plan and seek investment information for the planned education stationery and sports factory.

“We pledge to expand investment to Cambodia to improve the two countries’ trade ties under the Belt and Road Initiative and create jobs and income for Cambodians,” Wang said.

He did not elaborate more on the expected timeline for the project.

Guangbo Group currently produces office stationery, paper and plastic products in China, selling them domestically and overseas.

On March 21, it inaugurated a new production plant in Vietnam – its first overseas factory – according to an announcement by the firm.

Sorasak expressed support for the investment project, saying Cambodia has large investment potential and benefits from a favourable geographical location.

He said the country has an attractive Special Economic Zones (SEZs) policy, as well as other government incentives for foreign investors.

“Cambodia has 19 SEZs currently operating. They provide investors with a nine-year operating income tax exemption,” he said, adding that foreign investors can hold 100 per cent ownership and are able to export to Asean, the US and European markets under preferential trade schemes.


  • Hundreds of children in hospital with dengue

    A serious dengue fever epidemic is affecting Cambodia, with nearly 600 children hospitalised in the five Kantha Bopha Children’s Hospitals on Monday alone, a statement posted on the Kantha Bopha Foundation’s official Facebook page said on Wednesday. Because Kantha Bopha Children’s Hospitals provide

  • Gov’t to probe Chinese exports to US via Sihanoukville

    The government is investigating allegations that Chinese companies are using Chinese-owned special economic zones in Cambodia to export goods to the US and avoid tariffs, said Ministry of Commerce spokesman Seang Thay. The move comes after US embassy spokesman Arend Zwartjes said the US had

  • Banh: The Khmer Rouge worse than sanctions and pressure

    Minister of National Defence Tea Banh said on Thursday that having sanctions and external pressure placed on Cambodia was not worse than life under the brutal Khmer Rouge regime. Tea Banh, who is also deputy prime minister, was speaking to military and ruling party officials

  • Sihanoukville building collapse death toll rises to 19

    Minister of Interior Sar Kheng said on Sunday that the government will act against those responsible for the collapse of a seven-storey building in Sihanoukville on Saturday, which resulted in 19 dead and 24 injured as of Sunday evening. Sar Kheng said three Chinese nationals and one