PHNOM PENH (Bernama-Xinhua): Cambodia currently has six automotive assembly plants, manufacturing various types of cars for the domestic market, Prime Minister Hun Manet has announced.
The six plants included Daehan Auto manufacturing Ssangyong, RMA Automotive making Ford, Camko Motor producing Hyundai, HGB Motors Assembly manufacturing Kia, GTV Motor producing local brand cars GTV, and Toyota Tsusho Manufacturing (Cambodia) making Fortuner and Hilux.
Hun Manet said these domestic car assembly plants have not only helped reduce car imports but also supplied cars to the local market at a cheaper price.
"These auto assembly plants have been importantly contributing to the development of the automotive industry in Cambodia," he said in a speech during the launching ceremony of Toyota Tsusho Manufacturing (Cambodia) in the Royal Group Phnom Penh Special Economic Zone.
"We hope there will be more foreign carmakers coming to invest in auto assembly plants in Cambodia in the future," he added.
The South-East Asian country imported vehicles worth US$366.8 million during the January-March period of 2024, down 15.6 per cent from US$434.6 million in the same period last year, according to the latest report by the General Department of Customs and Excise. - Bernama-Xinhua
