Cambodia’s investment policy preserves existing investments while fostering new ones; peace and stability are crucial, PM says
Cambodia’s investment policy preserves existing investments while fostering new ones; peace and stability are crucial, PM says
Prime Minister Hun Manet stated that the investment policy of the Royal Government of Cambodia is to preserve existing investments while also fostering new ones.
He made this statement on Sunday (Apr. 28) during his meeting with more than 5,000 representatives of the informal economy at OCIC, Phnom Penh.
The premier underscored, “All factory enterprises must be maintained to ensure sustainability, with equal attention given to the informal economy.”
“In the past, we adopted a conventional approach, involving the private sector, enterprises, and factories across various industries such as banking, tourism, and agriculture […] when new investors arrive, we must consider existing ones. Their success, prosperity, and ability to continue to grow are paramount. Therefore, our policy is to sustain existing investment enterprises, including those in the informal economy, to ensure their sustainability and eventual integration into the system,” added the premier.
Prime Minister Hun Manet expressed his belief that all investors thriving in Cambodia will contribute to the welfare of Cambodians by raising salaries and expanding their enterprises as they grow.
On the occasion, the premier also asserted that attracting new investors is essential in addition to maintaining existing investments. He stated that effectively recruiting new investors also requires the involvement of existing investors in the country, which he deems highly effective.
The premier added that, alongside these efforts, peace and stability are crucial factors for attracting investment. He continued that investment will not thrive in a country plagued by war and instability, highlighting the collective responsibility to safeguard peace and political stability.
