CCC pledges to attract FDI, stimulate domestic investment
CCC pledges to attract FDI, stimulate domestic investment
Cambodia Chamber of Commerce (CCC) is committed to promoting investment in line with the policies of the Royal Government in the new context of the digital economic society and investment environment reforms in Cambodia.
The commitment was made during its annual meeting on Saturday to review works in 2024 and set objectives for 2025.
In light of the rapid evolution of the global economic landscape and Cambodia’s ongoing investment environment reforms, the CCC is actively working to attract foreign direct investment (FDI) and stimulate domestic investment, its President Kith Meng said.
“The Cambodian Chamber of Commerce must strive to align with the policies of the Royal Government, especially in the new context of the digital economic society and the reform of the investment climate in Cambodia,” Meng said.
He lauded the achievements made by the provincial CCCs both business and trade work, work in partnership mechanisms between the government and the private sector.
The meeting also discussed the work of the provincial chambers of commerce, focusing on the activities of the provincial chambers of commerce, challenges, solutions, and suggestions, especially setting out the work direction for 2025 for the provincial chambers of commerce in various provinces.
CCC has initiated a comprehensive campaign to identify and promote investment opportunities across the provinces in the country.
Additionally, CCC has set up its liaisons abroad in the potential trade investment countries -such as Japan, Canada, the US to promote Cambodia’s investment opportunity, trade, and tourism and culture to investors.
CCC has recently stated that many liaisons abroad have been planned to be established in the years to come.
The purpose of setting up the CCC liaison is to attract investment and promote the new investment law, economic policies to companies abroad to understand clearly about the investment pictures and our potential,” CCC said in a statement.
According to the Council for the Development of Cambodia (CDC), the Kingdom approved 346 fixed-asset investment projects worth $5.5 billion during the first 10 months of 2024, generating over 266,000 jobs.
The new projects were mainly focused on garment, travel goods, and footwear sectors, hotel development, hydroelectric power station, freshwater port, solar power plants, lighting and accessory factories, agriculture, amusement park, car tire plants, special economic zones, and infrastructure, among others.
