Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Authorities Seize 123,000 Illegal Eggs in Crackdown on Smuggling from Vietnam | Inauguration of Nearly $100 Million Wastewater Treatment System Development Project in Takhmao City | Cambodia to Host 2025 National Chapei Dang Veng Festival from June 11-13 | Senate President Hun Sen Reflects on Cambodia’s Development and ASEAN Integration | ASEAN Secretary-General Hails Samdech Techo Hun Sen's Vision at Policy Speech |
Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Authorities Seize 123,000 Illegal Eggs in Crackdown on Smuggling from Vietnam | Inauguration of Nearly $100 Million Wastewater Treatment System Development Project in Takhmao City | Cambodia to Host 2025 National Chapei Dang Veng Festival from June 11-13 | Senate President Hun Sen Reflects on Cambodia’s Development and ASEAN Integration | ASEAN Secretary-General Hails Samdech Techo Hun Sen's Vision at Policy Speech |

Cambodia Open to All Investors Across Sectors, Deputy Prime Minister Affirms

  • Posted Mar 12, 2024 14:07 by EAC News
  • 2668
  Aa |   aA

Phnom Penh, March 11, 2024: Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, Mr. Sun Chanthol, reiterated Cambodia's stance as an open destination for investors across all sectors during discussions with the European Union.

In a meeting with Peteris Ustubs, Director for Middle East Asia and the Pacific of the General Department of International Partnership (DG INTPA) of the European Union, held on Monday afternoon, March 11, 2024, Sun Chanthol emphasized Cambodia's eagerness to welcome investors from all corners of the globe, including Europe.

Acknowledging the relatively modest level of investment cooperation between Cambodia and the European Union, Sun Chanthol highlighted Cambodia's receptiveness to foreign investments, pointing out that the country has already attracted investors from various nations, including the United States, Korea, Japan, and China.

Furthermore, Mr. Sun Chanthol provided insights into the government's national development plans aimed at bolstering the private sector, particularly in infrastructure projects such as national roads, expressways, airports, and ports. He also outlined the comprehensive master plan for Cambodia's transit system and logistics, which presents 174 potential investment projects for private companies from the European Union to consider.

In alignment with the Royal Government's vision to transition Cambodia towards utilizing intermediate and advanced technical skills, Mr. Sun Chanthol highlighted initiatives focused on vocational training and technology aimed at enhancing the capacity of 1.5 million young individuals from disadvantaged backgrounds.

In response, Mr. Peteris Ustubs commended Cambodia's commendable progress in national development and expressed the European Union's interest in supporting green development projects and technology initiatives within the country.

Moreover, Mr. Ustubs proposed the organization of investor attraction visits within the 27-nation European Union, encouraging Cambodia to identify key priority areas to showcase to potential investors.

Cambodia's commitment to fostering a conducive environment for investment underscores its dedication to economic growth and development, while also presenting lucrative opportunities for international investors to contribute to the nation's progress.


Related News