Phnom Penh (FN), May 29 – Cambodian Prime Minister Hun Sen, on Wednesday, addressed at the Cambodia Investment Seminar at the 25th International Conference on the Future of Asia and a series of events in Tokyo, held from 29-31 May 2019.
Over there, he reaffirmed the Royal Government’s commitment to ensuring an enabling climate for all investors with peace and security along with political and macroeconomic stability under a legal and institutional framework that is effective, transparent, accountable, and predictable.
“Key factors such as political and macroeconomic stability, openness to all without discriminating between local and foreign investors, and good cooperation between the Cambodian and Japanese governments are indispensable for encouraging Japanese to invest in Cambodia,” he underlined.
“The Royal Government of Cambodia stands ready to accommodate the easing of administrative procedures and accompany you on every stage of your operations in Cambodia,” he added.
According to the Premier, Japanese business activities in Cambodia represent quality investments, creating value-added jobs, and providing good working and living environments for workers, which align with the vision of the Royal Government to provide decent work opportunities, maintain economic growth and diversify the industrial base.
“Investment not only generates income for investors but also contributes to the long-term stability of Cambodia and the region. In all aspects of its development, Cambodia needs continued Japanese investment in all areas – especially food processing using domestic raw materials, ecotourism, industries linked to local and regional production chains, and human resource development centers for industry,” he stated.
According to Strongman Hun Sen, Cambodia and Japan are negotiating an agreement on avoiding double taxation and preventing income tax evasion, which will contribute significantly to strengthening, attracting, and supporting Japanese investment in Cambodia.
Prime Minister thanks foreign investors – especially those from Japan – for choosing Cambodia as a destination to start or expand their business. He urged Japanese business people, investors, and those who have not yet done so to come to Cambodia to explore the potential and opportunities – and invest to take advantage of the bilateral cooperation between Cambodia and Japan.