“The success of investors is also the success of Cambodia,” said Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), as a guest speaker at a panel discussion themed “Cambodia – Gateway to ASEAN.”
The panel discussion was organised on April 2 as part of the two-day Cambodia-ASEAN Business Summit held in Phnom Penh under the theme “Unleashing ASEAN’s Potential: Technology, Sustainability, and Inclusive Growth.”
On the occasion, Sun Chanthol rationalised the reasons why Cambodia should be a potential investment destination and a gateway to ASEAN and the world by highlighting favourable conditions such as her geographical location at the heart of ASEAN with a total population of some 670 million, her full peace, political stability, macro-economic stability, inflation stability, and especially 60 percent of Cambodia’s total population are youths under the age of 25 years old with energetic, dynamic and hard-working manners.
The CDC first vice president further underscored the Royal Government’s Pentagonal Strategy-Phase 1, with five key priorities (People, Road, Water, Electricity, and Technology). Cambodia has been paying attention to technical and vocational training programme for 1,5 million youths from poor and vulnerable families; to infrastructure development to increase competitiveness and facilitate investments; and to technological development such as the modernisation of qualified investment projects (QIP) registration by the CDC.
Besides, the Royal Government regularly organises the Government-Private Sector Forum to address challenges faced by investors in order to further improve the country’s investment environment.AKP
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