Phnom Penh (FN), May 9 – Cambodian Prime Minister Hun Manet vowed to attract new investors and establish an effective private sector problem-solving working group, speaking on Thursday (May 9) during an inauguration of Cambodia Confederation of Investors Association (CCIA) at Diamond Island Convention and Exhibition Centre.

Samdech Thipadei continued that in order to attract more new investment, the Royal Government must ensure that all existing investors in Cambodia grow in order to be able to attract more newcomers. To achieve this, it is necessary to increase the positive impacts and mitigate the negative impacts.

The Royal Government amplified the positive impacts through the implementation of incentive policies and budget allocations to support key sectors, initiatives that have been underway since previous mandates. In this mandate, the Royal Government have reformed various programs to streamline processes, reduce bureaucracy, and enhance the utilisation of technology.

To address negative impacts, the solution lies in promptly addressing private sector challenges through regular forums and working groups involving all relevant sectors. This approach ensures ongoing monitoring and troubleshooting. To enhance efficiency, Samdech formed a problem-solving working group dedicated to resolving issues for the people, private sector, and individual companies. Additionally, the Royal Government has devised various strategies, action plans, and key tasks to ensure the successful execution of this policy.