The First Vice President of the Council for the Development of Cambodia (CDC), Sun Chanthol said that in the first 11 months of the seventh term, led by Prime Minister Hun Manet, 237 investment projects were approved with an investment capital of over $6 billion, an increase of 220%, indicating the efforts of leaders to attract investors from various countries.
He emphasised this during a lecture on “The potential of the Funan Techo Canal project for the development of Cambodia” at the Royal School of Administration today.
Chanthol stated that compared to the same time period in the previous mandate, the investment in the new mandate increased by 50 projects from 187 projects, while the investment capital rose from $2 billion to $6 billion, an increase of 220%.
He said that the results indicated that investors still have confidence in the Royal Government of Cambodia under the leadership of Mr Hun Manet, who has worked diligently to attract investors from Korea, Japan, France, Switzerland, Australia, Spain, Germany, China, among others.
He added that next month he will visit China, the United States, Europe, and the Middle East to attract investors from those countries to Cambodia.
Chanthol pointed out that what motivates these investors to invest is because they see a number of factors, including peace and political stability in Cambodia, because no country wants to invest in a country that is not peaceful.
Macroeconomic stability, as Cambodia has achieved 20 years of economic growth, along with other indicators, such as stable inflation levels, exchange rate stability and foreign debt levels relative to GDP are less than 40%. Fresh News
