Melbourne (FN), Mar. 5 – Cambodian Prime Minister Hun Manet stated that the Royal Government of Cambodia has been carrying out deep reforms to make Cambodia an attractive destination for investment.

The premier spoke on Tuesday (Mar. 5) during the Australia-Cambodia Business Forum​.

The Royal Government has been working closely with local and international businesses and investors to address challenges to guarantee successful businesses and investments in Cambodia, as evidence by the regular organization of the Government-Private Sector Forum, the premier added.

Samdech Thipadei underscored, “The Royal Government of Cambodia has been carrying out deep reforms to make Cambodia an attractive destination that offers avenues for profitable investment ventures such as yours.”

At the same time, Samdech Thipadei Hun Manet underlined that just a few months ago, on 13 November 2023, he personally presided over the 19th Government-Private Sector Forum, where they have introduced many key reforms in 10 areas related to businesses, trade and investment.

The premier continued that the Royal Government firmly believes that a thriving private sector is essential to our nation’s socio-economic progress. Hence, we are deeply committed to fostering an environment conducive to business and investment.

On the occasion, Samdech Thipadei further added that this commitment is evident in the new Law on Taxation, which fosters transparency, predictability, and attractive tax structures, and our new Law on Investment, offering smart and favorable incentive scheme and a range of aftercare services.

Prime Minister Hun Manet underlined that the launch of the new “Handbook on Investing in Cambodia”, prepared by Australian DFAT and the Council for the Development of Cambodia in July 2023, serves as a comprehensive guide for prospective investors.

In addition, the Royal Government has been striving to ensure businesses and investment in Cambodia have good access to local and international market and necessary factors.

Samdech Thipadei underscored that the membership in major bilateral and multilateral FTAs offers incredible opportunities for export- oriented businesses, positioning businesses and investments in Cambodia for long-term success.

Cambodia’s ongoing investment in major infrastructure, expressways, deep sea port, international airport, as well as logistic hubs, seeks to seamlessly connect its transportation networks with vital economic hubs and corridors both in the country and the region.
=FRESH NEWS