Prime Minister Hun Manet recently articulated the investment strategy of the Royal Government of Cambodia, emphasizing the dual focus on safeguarding current investments while simultaneously welcoming new ones. This announcement was made during a gathering with over 5,000 representatives from the informal economy at OCIC, Phnom Penh, on Sunday, April 28.
The Prime Minister highlighted the importance of continuity and sustainability within the nation’s industrial sectors, stressing that the welfare of factory enterprises is critical. He noted, “To ensure economic sustainability, we must pay equal attention to the vitality of the informal economy alongside the formal sectors. Our approach integrates both traditional and emergent industries, encompassing banking, tourism, agriculture, and more. Priority is given not only to cultivating new investments but also to bolstering the ongoing success and growth of existing businesses.”
Prime Minister Hun Manet assured attendees that the prosperity of investors in Cambodia directly translates to improved livelihoods for the Cambodian people through higher salaries and the expansion of businesses. He conveyed a vision where every thriving investment becomes a cornerstone for collective welfare.
Moreover, the Prime Minister pointed out the significance of drawing in new investments to complement the nurturing of existing ones. He underlined the symbiotic relationship whereby the engagement of current investors plays a critical role in attracting fresh investments. “This strategy has proven highly effective,” he affirmed, reinforcing the idea that the success of one ventures fosters an environment conducive to the inception of others.
Underscoring this growth-focused approach, Prime Minister Hun Manet also emphasized that the foundational elements of peace and stability are indispensable for maintaining and attracting investment. He stated unequivocally that an environment marred by conflict and instability deters investment, stressing that a joint commitment to upholding peace and political stability is fundamental to economic progress.
In essence, Cambodia’s investment strategy under Prime Minister Hun Manet’s leadership is meticulously crafted to balance the flourishing of existing businesses with the enticement of new ventures, all within a framework of peace and stability that ensures sustainable economic development and prosperity.
Source: Khmer Times
