Phnom Penh (FN), Mar. 27 – Leaders of 17 Chinese-invested companies have expressed interest in expanding their investment in Cambodia.
Cambodian Prime Minister Hun Manet received a courtesy call by President of Zhejiang Zhongchao New Material Co., Ltd., Shen Mingrong on Wednesday morning (Mar. 27) at the Peace Palace.
During the meeting, Shen Mingrong thanked Samdech Thipadei for granting him and the delegations the opportunity to pay a courtesy call and discuss business. He also expressed gratitude to the Royal Government of Cambodia and relevant ministries and institutions for their continued attention, support, and facilitation of the investment process for Chinese industrial enterprises in Cambodia.
The president further expressed his commitment to promoting and expanding investment, as well as attracting more new investors to Cambodia to contribute to its socio-economic development in accordance with the policies and strategies set by the Royal Government, particularly in transforming Sihanoukville into a multi-purpose model Special Economic Zone (SEZ) in line with the Government's vision.
President Shen Mingrong also briefed Samdech Thipadei on the invited industrial enterprises. These companies specialise in various fields, including textiles, information technology, industry, finance and banking, energy, waste and water management, real estate, rural development projects, insurance, environment, as well as investment companies producing products such as paper and metal. He also sought information about the Royal Government's policies and strategies to attract investment, manage and ensure returns on investment, handle domestic and foreign skilled labour forces, and promote green energy policies and associated infrastructure.
For his part, Samdech Thipadei Hun Manet expressed gratitude and high appreciation for the Chinese-invested companies that have invested and conducted business in Cambodia, demonstrating confidence in the leadership of the Royal Government of Cambodia. Regarding the government's policies and strategies to attract investment, Samdech Thipadei confirmed to the company president and the delegation that the Royal Government has consistently adhered to the principles of openness, flexibility, and pragmatism, maintaining relationships and cooperation with all countries in the region and the world to ensure competitiveness and provide a conducive investment environment the world to ensure competitiveness and provide a better investment environment.
The premier underlined that the Royal Government has prioritised policies on human resource development through education reform and the promotion of vocational and technical training, as well as the enhancement of upskilling and reskilling programs to ensure a skilled workforce capable of meeting the specific needs of industrial companies and the labour market.
On the occasion, Samdech Thipadei added that the Royal Government of Cambodia has implemented a policy of free flow of capital, allowing investors to transfer capital in and out through cross-border payment systems, thereby facilitating and supporting the investment process in Cambodia. He also mentioned that Cambodia currently relies on more than 60 per cent clean energy and aims to increase this to 70 per cent by 2030 through the promotion of clean energy usage.
During the meeting, Prime Minister Hun Manet reaffirmed to the company president and the delegation that the Royal Government continues to prioritise investment in the development of key connecting infrastructure such as expressways, international airports, and other infrastructure to connect Cambodia with the region and the world.
=FRESH NEWS
