Cambodia Is Now A Competitive Investment Destination In Asean, Says Hun Manet
From Vijian Paramasivam
PHNOM PENH, Nov 26 (Bernama) -- Cambodian Prime Minister Hun Manet today invited foreign investors to join the nation’s transformation process and assured the Kingdom is an exciting investment destination in ASEAN.
He said Cambodia enjoys peace and political stability which is a necessary factor, while the Kingdom is one of the most open and free economies in Asia.
“The royal government will continue to support the success of all guests in every way possible. Our doors are always open and we still maintain predictable principles. Our commitment to your business is unchanging.
“(We) invite all guests to be a part of Cambodia's transformation process. Whether in the field of green energy technology, digital innovation or other ventures, Cambodia is ready to be a partner in your success,” said Manet in his opening remarks at the Chinese Global Economic and Technology Summit.
Kuala Lumpur-based KSI Strategic Institute for Asia-Pacific (KSI) organised the summit along with the World Digital Chamber, ASEAN Economic Club, China Development Institute, and China Daily.
The prime minister was awarded the "World Outstanding Leadership" award by KSI for his contribution to maintaining economic and political stability in the country.
“The darkest era in the history of Cambodia has ended for decades. Cambodia today has made remarkable progress in many areas, ranging from sustainable economic development, modern infrastructure and an economy that is fully integrated into regional and global markets.
“In the context of this rapid change, Cambodia's peace and stability, strategic position in ASEAN and policies that support the facilitation of Cambodian business provide an excellent choice for all investors,” said Manet.
Cambodia offers 100 per cent foreign ownership without any restrictions on profits and remittances, which is different from some other countries in the region.
And, by allowing investors to keep their profits higher, Cambodia is a competitive destination for investment, he said.
- - BERNAMA