PM says Kingdom provides safe investment environment
PM says Kingdom provides safe investment environment
Prime Minister Hun Manet yesterday assured foreign investors that their investments are safe in Cambodia, as it provides a stable environment for businesses.
Mr Hun Manet said this while attending a meeting and a solidarity dinner with global entrepreneurs from the Lin Family, at the Koh Pich Convention and Exhibition Centre in Phnom Penh.
“Business needs a favourable and conductive environment to operate and thrive. I think businesses prefer peace and stability, and Cambodia offers that,” he said.
The Prime Minister added that with the world situation continuously changing, a stable and predictable environment is a precondition for setting up businesses, especially for overseas businesses.
In this regard, Mr Hun Manet raised a few key factors that make Cambodia an attractive destination for investments.
He said Cambodia offers a peaceful and stable environment, a fundamental factor that gives investors peace of mind.
“I understand that some of you may have heard in the news recently about some security aspects of Cambodia that make a lot of people nervous, but please rest assured Cambodia is safe and stable and peaceful for you to conduct business. So please trust Cambodia,” the Prime Minister emphasised.
He said that Cambodia ranks as a top emerging market for foreign investment in 2024, according to Foreign Direct Investment (FDI) Intelligence and this has been made possible by strong gross domestic product (GDP) growth, low inflation at below three percent, and an expanding FDI sector.
Mr Hun Manet said that there is a business-friendly investment environment in Cambodia. “Our investment law is liberal with diverse, flexible, and tailored incentives for investors. We offer 100 percent foreign ownership, while some of our neighbouring countries still don’t allow that. We have no restriction on remitting of profits and capitals.”
The Prime Minister continued that Cambodia holds a strategic location with several trade pact opportunities. “Investing in Cambodia opens opportunities to many other parts of the world,” he pointed out.
“Because Cambodia has many free trade agreements such as with ASEAN, RCEP, Cambodia-Korea FTA, Cambodia-China FTA and Cambodia-UAE CEPA, investing in Cambodia provides access to other parts of the world,” Mr Hun Manet said.
According to the Prime Minister, with renewable energy currently accounting for 62 percent of the power mix, Cambodia aims to attain the target of 70 percent by 2030, positioning it as an attractive destination for green investments. Cambodia also aims to realise carbon neutrality by 2050 and the Cambodian law on investment further supports this by prioritising green industries and offering incentives.
It should be noted that recently, the Council of Ministers approved 23 energy projects worth $5.74 billion for 2025 to 2029, with almost all projects sourcing renewable energy.
