Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) Monday called on relevant ministries to examine the possibility of optimising the Investment Project Application (IPA) by reconciling data with the CDC’s new system to enhance convenience in attracting investors.
Addressing an inter-ministerial meeting to design a new system known as the IPA aimed at facilitating investors by integrating data-sharing systems between CDC and relevant ministries and institutions, Chanthol said the participation from inter-ministerial-institutions reflected the active performance in supporting the implementation of the strategic plan of the Royal Government of Cambodia (RGC) under the leadership of Prime Minister Hun Manet to efficiently attract investors aimed at boosting national economic growth, especially the exploitation of digital technology to facilitates the attraction of investment.
Among those who were present on the occasion were Cham Nimul, Minister of Commerce (MoC), Chea Vuthy, Secretary General of the Cambodian Investment Board (CIB) of CDC, Kong Vibol, Minister attached to the Prime Minister and Delegate of the Royal Government in charge as Director General of the General Department of Taxation (GDT), Kun Nhem, Director General of the General Department of Customs and Excise (GDCE), Hor Sam Ath, Director General of the General Department of Digital Technology and Education of the Ministry of Interior.
Based on the CDC announcement, the meeting was organised to discuss and examine the possibility of promoting convenience for investors, especially to support the relevant ministries and institutions in managing and optimising the investment data by establishing the interconnection data with the CDC system.
According to the CDC announcement, all participants in the meeting exchanged views and agreed to support the design of the new CDC system following the ‘Law on Investment of the Kingdom of Cambodia’.
The statement added that the relevant ministries and institutions committed to cooperating closely in reconciling the data sharing system to ensure maximum convenience for investors who wish to invest in Cambodia.
