Phnom Penh (FN), Aug. 16 — Sun Chanthol, the First Vice President of the Council for the Development of Cambodia (CDC), announced that in the first 11 months of the seventh-mandate government under the leadership of Cambodian Prime Minister Hun Manet, 338 investment projects were approved with a total investment capital exceeding USD 6 billion, representing a 220% increase. This growth highlights the government's efforts to attract investors from various countries.

Sun Chanthol spoke during a lecture on "The Potential of the Funan Techo Canal for the Development of Cambodia" at the Royal School of Administration on 14 August 2024.

He noted that, compared to the same 11-month period in the previous mandate, the number of approved projects increased by 151, up from 187, while investment capital grew from USD 2 billion to USD 6 billion, reflecting a 220% increase.

He added that these results demonstrate that investors remain confident in the Royal Government under the leadership of Samdech Thipadei Hun Manet, who has made significant efforts to attract investors from countries such as Korea, Japan, France, Switzerland, Australia, Spain, Germany, China, and others.

Chanthol added that next month he will continue his efforts by visiting China, the United States, Europe, and the Middle East to encourage further investment in Cambodia. The investors are drawn to Cambodia for several reasons, including peace and political stability. He noted that no country wants to invest in an unstable environment. He also highlighted Cambodia's macroeconomic stability, its 20 years of economic growth, and other factors such as low inflation, exchange rate stability, and foreign debt that is less than 40% of GDP.
=FRESH NEWS