Phnom Penh (FN), Mar. 6 – Cambodian Prime Minister Hun Manet said that the ASEAN region has evolved into a symbol of stability and prosperity with immense potential, as evidenced by its status as the world’s fifth-largest economy. At the same time, ASEAN boasts an attractive investment climate, strong economic vitality, and a steadfast commitment to regional development.
The premier spoke on Thursday (Mar. 6) during Cambodia-ASEAN Business Summit 2025, held at Sofitel Phnom Penh Phokeethra.
“The ASEAN region has become a beacon of stability and prosperity, demonstrating significant economic potential as the world’s fifth-largest economy. ASEAN offers an attractive investment climate with robust economic dynamism and a strong commitment to regional economic partnerships and integration,” the premier underscored.
Samdech Thipadei highlighted ASEAN’s success in fostering economic partnerships, as reflected in its extensive network of Free Trade Agreements (FTAs) with major economic powers.
The premier affirmed that the ratification of the Regional Comprehensive Economic Partnership (RCEP) has further reinforced ASEAN’s unwavering commitment to deepening regional integration and fostering mutually beneficial economic relations.
“Our progress, underpinned by strong trade flows within and beyond ASEAN, along with a conducive investment environment, has positioned the region as a strategic hub for global capital flows. These achievements have translated into tangible opportunities for investors seeking long-term growth and stability,” the premier continued.
Premier Hun Manet noted that ASEAN’s value and success are rooted in multilateralism and consensus. With the motto “One Vision, One Identity, One Community,” all member states, including Cambodia, remain dedicated to realising the ASEAN Community Vision, which aims to drive meaningful socio-economic progress for the entire ASEAN community. This collective effort has enabled ASEAN to navigate regional and global economic challenges and heightened uncertainties. Despite the lingering impact of the pandemic and geopolitical complexities, ASEAN’s economic trajectory remains strong and resilient, with projected growth of 4.8% in 2025 (AMRO, January 2025).
On the occasion, Samdech Thipadei underscored that as ASEAN looks beyond 2025, it continues to prioritise strategic initiatives to seize emerging opportunities and tackle future challenges. A key element of this endeavour is enhancing ASEAN connectivity, as outlined in the ASEAN Connectivity Master Plan 2025. This plan focuses on seamless connectivity in transport, trade, education, and culture to boost competitiveness, promote inclusivity, and strengthen ASEAN’s position as a unified economic force.
Additionally, Samdech Thipadei stressed that ASEAN is committed to fostering a dynamic digital economy and strengthening digital connectivity to accelerate sustainable development, enhance resilience against unforeseen risks, and empower small and medium-sized enterprises. These initiatives will help shape a more vibrant, interconnected, resilient, and inclusive ASEAN region, creating substantial opportunities for sustainable investment for global partners.
=FRESH NEWS
