Phnom Penh: Deputy Prime Minister Sun Chanthol, who also serves as the First Vice President of the Council for the Development of Cambodia, recently highlighted the key advantages of investing in Cambodia, including its open investment laws and the robust infrastructure facilitating transportation, such as expressways and ports. Moreover, he outlined the government's ambitious plan to utilize 70% clean energy by 2030, underscoring Cambodia's commitment to sustainable development.

The remarks were made during a productive meeting with representatives from the Vietnam-Cambodia Business Federation Association (VCBA), led by President Oknha Leng Rithy, on Wednesday afternoon, March 6, 2024. The session was attended by members of 16 companies within the VCBA, many of which are already making significant investments in Cambodia.

Deputy Prime Minister Chanthol expressed gratitude to the investors for their confidence in Cambodia's economic landscape and encouraged further investment expansions from the existing companies operating in the nation.

Oknha Leng Rithy, on behalf of VCBA, commended Cambodia's remarkable progress, particularly highlighting the Royal Government's initiatives in the new legislative term and sharing insights into investments in the agricultural sector, including rice and rubber production. He also voiced his commitment to collaborate with the Council for the Development of Cambodia to promote the country's potential to Vietnamese investors, aiming to attract more investment in various sectors, notably agriculture.

Established in 2018, the Vietnam-Cambodia Business Association (VCBA) boasts over 100 member companies. It aims to foster commercial cooperation between Vietnam and Cambodia, contributing to the development of human resources, education, vocational training, and the business sector. This recent meeting reaffirms the strong investment ties between Cambodia and Vietnam and highlights the mutual interest in further developing these economic relationships.