PHNOM PENH: Cambodian Prime Minister Samdech Moha Borvor Thipadei Hun Manet this afternoon urged all foreign investors and businessmen around the world to come to invest in Cambodia.
Addressing a get-together and a solidarity dinner with world Lin entrepreneurs at Koh Pich Convention and Exhibition Centre in Phnom Penh, Samdech Thipadei Hun Manet raised some key factors that make Cambodia an attractive destination for investments.
“Cambodia offers peace and stability. Cambodia offers a peaceful and stable environment, the fundamental factors that allow investors to seek when deciding where to invest,” he underlined. “As you may see, you visit Cambodia today and you stay [for] a few days, maybe in Phnom Penh or in other places. Cambodia is very safe.”
Samdech Thipadei Hun Manet took the opportunity to clarify some bad news about Cambodia. “I understand that some of you may have heard in the news recently about some security aspects of Cambodia that make a lot of people nervous. But please rest assured, Cambodia is safe and is stable and peaceful for you to conduct business. So, please trust Cambodia. We assure security and safety of all, including experts who live in Cambodia, investors, tourists who visit Cambodia, it is of utmost priority, just like Cambodians who live here. We provide security and stable environment for you all.”
Cambodia ranks as a top emerging market for foreign investment in 2024, according to fDi intelligence thanks to strong GDP growth, low inflation, and so on, he said, adding that Cambodian investment law is liberal with diverse, flexible and tailored incentives to investors. Cambodia offers 100 percent foreign ownership, there is no restriction on remittances of profits and capitals […].
Moreover, Samdech Thipadei Prime Minister stressed that Cambodia holds a strategic location and trade pact opportunities, therefore investing in Cambodia does not invest for the market of 17 million people, but opens opportunities to many other parts of the world because Cambodia has many agreements, including free trade agreements with ASEAN, Korea, China, RCEP, etc.
“Cambodia also has skilled workforce. Cambodia has young, dynamic, and English-speaking population. 60 percent of its population is under the age of 35. Cambodia has undertaken a comprehensive, free vocational training, tactical programme for 1.5 young million people. This ensures that we have the ability to provide businesses, especially overseas businesses that setting, looking to settle or open operation in Cambodia with the ability to have access to labour force ready to provide, to meet your need,” he said.
Expansion of infrastructure connectivity to integrate and connect Cambodia’s transport network and key economic corridors as well as Cambodia’s commitment to sustainable energy and digitisation were also mentioned by the Premier on the occasion. AKP