Economy

Chinese company inks MOU with Cambodia on economic project

(Xinhua)
Updated: 2010-10-01 10:42

PHNOM PENH - China's ZTE Corporation on?Sept 30 signed a memorandum of understanding (MOU) with Cambodian government to cooperate and participate in Cambodia's Economic Acceleration Platform (CEAP) project which was launched by Cambodian National ICT Development Authority (NiDA).

The signing ceremony of the MOU on cooperation was held?on Sept 30?in the presence of Cambodian Deputy Prime Minister and Minister of Council of Ministers Sok An and Chinese Ambassador to Cambodia Pan Guangxue and other government officials.

Zhao Yong, vice-president of ZTE for Southeast Asian region said at the ceremony that it is the day of a milestone for ZTE. He promised to closely cooperate with NiDA, and to fulfill task well within required time and with high quality.

Related readings:  Cambodia to import new anti-malaria drug from China  China, Cambodia sign Consular Treaty?on ties  Cambodia sees China-ASEAN FTA to boost regional growth  China, Cambodia leaders move to strengthen relations

Sok An and Ambassador Pan highly valued the cooperation project between the two countries, and expressing their belief that the project of CEAP will help the Royal Government of Cambodia to develop information and digital age, to enhance government's working efficiency, and to promote the rapid economic development, as well as to contribute for the further enhancing and deepening of the traditional friendly relations between the two countries.

In an effort to speed up the process of building a digital Cambodia, Cambodian NiDA plans to develop Cambodia's Economic Acceleration Platform to promote the building of a nationwide high-speed fiber optic information network which will help the building of electronization of commerce, finance, communication, digital television, education, medical, customs administration and others.

The project came in line with the Cambodian government's priority policy to develop the industry of communications with wide acceptance of investments from foreign countries.