Phnom Penh (FN), Jul. 8 – Cambodian Prime Minister Hun Manet highlighted that despite global turmoil, the Cambodian economy remains resilient, speaking on Monday morning (Jul. 8) during the opening of the 2nd Cambodia-France Business Forum at Sofitel Phnom Penh Phokeethra.

Samdech Thipadei noted that despite high global uncertainty stemming from the economic downturn, rising geopolitical tensions, climate change, the war in Ukraine, and the armed conflict in the Middle East, the Cambodian economy remains resilient. It achieved a 5% growth rate in 2023, with a 6% growth forecast for 2024.

With this strong and resilient economic trajectory, Cambodia has emerged as one of the top investment destinations in Southeast Asia over the last decade, the premier added.

On the occasion, Samdech Thipadei Hun Manet also announced that the first semester of 2024, Cambodia achieved greater momentum from Foreign Direct Investment (FDI), with the Council for the Development of Cambodia (CDC) approving 190 investment projects worth USD 3.2 billion, a threefold increase compared to the same period in 2023.