Cambodia welcomes continued investment from Vietnamese businesses

: On Wednesday, March 6th, 2024, H.E. Sun Chanthol, First Deputy Prime of Cambodia, met with representatives from the Vietnam-Cambodia Business Federation Association (VCBA) led by their President, Oknha Leang Rithy.

The meeting highlighted Cambodia's strong commitment to attracting foreign investment. Deputy Prime Minister Sun Chanthol expressed his gratitude to existing investors and encouraged further expansion from VCBA member companies, which include many established investors in Cambodia.

He emphasized Cambodia's attractive investment environment, citing factors like political stability, a strong and open economy, and well-developed infrastructure, including expressways, ports, and a growing emphasis on clean energy with a target of 70% clean energy use by 2030.

Mr. Oknha Leang Rithy commended Cambodia's recent progress, particularly the efforts of the new government. He shared his experience in agricultural investment, specifically in rice and rubber sectors. He pledged to collaborate with the Cambodian government to promote Cambodia's potential to Vietnamese investors, aiming to attract investment across various sectors, with a particular focus on agriculture.

The VCBA, established in 2018, boasts over 100 member companies and actively supports Vietnamese-Cambodian business partnerships, human resource development programs, education, vocational training, and trade.

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