Phnom Penh: On July 21, 2026, Mr. Hem Vandy, Minister of Industry, Science, Technology and Innovation, met with a delegation from the US-ASEAN Business Council, led by Ambassador Brian McFeeters, retired and the Council’s President and CEO, to discuss cooperation on industrial development, innovation, technology capture, micro, small and medium-sized enterprise development, and investment.
The meeting was part of the US-ASEAN Business Council’s 2026 mission to Cambodia, with the participation of representatives from major US companies in the automotive, consumer goods, digital finance, healthcare, energy, and technology sectors.
Mr. Hem Vandy briefed the delegation on Cambodia’s efforts to promote research Innovation and industrial competitiveness through the establishment of a national research fund, strengthening national quality infrastructure, and developing laws, policies, and strategies to support micro, small, and medium-sized enterprises and strengthen domestic supply chains.
The Minister said, “Cambodia is building the foundation for research, technology, and innovation to become the driving force of our economic transformation. We welcome partnerships with the U.S. private sector in applied research, technology cooperation, and innovation that can enhance our industries and micro, small, and medium-sized enterprises.”
Brian McFeeters affirmed the U.S.-ASEAN Business Council’s commitment to expanding the U.S. business presence in Cambodia.
“Our member companies represent some of the most innovative and dynamic sectors of the U.S. economy, and they are here because they believe in Cambodia’s growth trajectory and the government’s commitment to creating a conducive and welcoming environment for U.S. investment,” McFeeters said.
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