Phnom Penh: Investors from China and Korea decide to sign a Memorandum of Understanding (MOU) to set up heavy truck assembly plant in Cambodia. The vehicles are for export to fellow ASEAN countries.
The purpose of the MOU between Korea’s Daehan* (a subsidiary of LVMC Group) and Sinotruk International is to provide the technology to assemble heavy trucks and machinery to create more jobs, and also be part of the industrial development in Cambodia.
Industrial cooperation among Cambodia, Korea and China will enable a new era of development that can be strengthened to move forward in the era of the single Asean market. The vision is for Cambodia to become a major motor manufacturer within the bloc. SWIFT
*An assembly plant for Daehan vehicles iss currently running in Bavet SEZ.