Phnom Penh (FN), Nov. 10 – Cambodian prime minister Hun Sen and the rotating chair of ASEAN 2022, reiterated that the private sector plays a more vital and indispensable role in joining forces with ASEAN towards the recover the economic growth from the crisis.

The premier spoke at the opening ceremony of the ASEAN Business and Investment Summit (ABIS) 2022, held on Thursday (Nov 10) in Phnom Penh.

“In a context where socio-economic circumstance is getting back to normal, I would like to reiterate that the private sector plays a more vital and indispensable role in joining forces with ASEAN towards the promotion of an inclusive, resilient, and sustainable development in the region through: (1) Stimulating economic, trade, and investment activities, particularly through promoting foreign direct investments, as well as maximizing the benefits from existing ASEAN Free Trade Agreements; (2) Promoting information technology development, digital technology, research and development, and the promotion of innovation; (3) Strengthening human resource development through technology, knowledge, and skill transfer, re-skilling, and up-killing; (4) Promoting environmentally friendly development, further enhancement of digitalization along with narrowing the digital gap; (5) Complementing the financial needs towards a sustainable socio-economic recovery, etc,” the premier underscored.

For Cambodia, with the aim of restoring and promoting a resilient, sustainable, and inclusive economic growth, the Royal Government of Cambodia (RGC) has adopted new "Law on Investment" and set out "The Strategic Framework and Programs for Economic Recovery in the Context of Living with COVID19 in a New Normal 2021-2023".

The RGC has also been striving to increase investment in infrastructure development both physical and digital, to improve the quality of logistics services, to enhance the efficiency of public services, to promote skill development and to modernize the social protection system. Additionally, as a member of the RCEP, Cambodia reaffirms its commitment to the rule-based trading system and welcomes all businesses and investments from the ASEAN countries and other partners.

As the chair of ASEAN 2022, Cambodia fully supports the ASEAN Business and Investment Summit (ABIS). Cambodia affirms the commitment to collaborate closely with ASEAN member states and all ASEAN Dialogue Partners in leading the AEC toward resiliency, sustainability, inclusiveness, and competitiveness.
=FRESH NEWS