The Council for the Development of Cambodia (CDC) and Asian Development Bank (ADB) Tuesday discussed the potential implementation of a comprehensive traceability system across various sectors in the country.
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC), presided over the working discussion meeting in Phnom Penh with the ADB delegation led by Anthony Gil, representative of ADB’s Cambodia Resident Mission, and Sion Morton, senior officer from ADB’s headquarters.
The discussion focused on the benefits of a readily accessible traceability system for all stakeholders, including producers and their partners. Such a system is envisioned to provide greater visibility throughout supply chains, fostering trust and accountability.
This initiative aims to enhance sustainability and transparency within Cambodian industries, utilizing world-class technology.
“The traceability system mechanism has the ability to track products (especially agricultural products), materials or related information at all stages and provide clarity on the product’s journey, increasing transparency and understanding of the supply chain to ensure quality products that meet export market requirements,” said an ADB representative.
Chanthol applauded the initiative, seeking ADB’s support. “I hope that ADB will continue to provide stronger and deeper cooperation, especially in providing advice on policy formulation, supporting policy reforms, and developing strategies to attract more investment over the next two years,” he said.
This dialogue aligns with the Cambodian government’s ongoing efforts to strengthen its economic landscape and attract increased foreign investment.
The CDC, in particular, has been actively working on streamlining investment application procedures to create a more favorable and efficient environment for both domestic and international investors.
Chanthol apprised his guests of the CDC’s ongoing efforts in simplifying its public service in order to facilitate business application procedures, attracting more investment.
The CDC Investment Project Management System (cdcIPM) launched late last year, is another achievement in providing digitalized investment procedures, making it easier for businesses to invest in Cambodia, he said.
In the first two months of this year, CDC approved fixed-asset investment projects worth $1,069 million in the first two months of 2025 with a total number of projects of 104 projects.
Outstanding projects included an electronics manufacturing factory, an electronic bike and motorbike assembly plant, a steel factory, a garment and textile factory, a fruit processing plant, and a luxury hotel, among others.
