Commerce Minister Encourages Investors to Explore Cambodia’s Vast Potential

Minister of Commerce H.E. Mrs. Cham Nimul has encouraged investors to explore the vast potential that Cambodia offers.

In her keynote address at the 2024 JCI ASPAC – Business Dialogue and Matching under the topic ‘Business Opportunities in Cambodia,’ held last Saturday in Siem Reap province, H.E. Mrs. Cham Nimul highlighted Cambodia’s business climate as vibrant and full of potential that over the past two decades, Cambodia has achieved remarkable economic growth, averaging over 7 percent annually.

This success is built on a foundation of political stability, sound macroeconomic policies, and a proactive government that understands the value of public-private dialogue, she said.

H.E. Minister underlined that the Royal Government of Cambodia is actively working to develop domestic regulatory frameworks to facilitate competitive business operations and improve the business environment in Cambodia.

Furthermore, she laid stress on digital transformation, which is at the heart of Cambodia’s development strate
gy. Hence, Cambodia recognise that embracing digital technologies is essential for enhancing efficiency, transparency, and competitiveness.

The Royal Government of Cambodia launched several initiatives, such as the Cambodia Data Exchange (CAMdx), verify.gov.kh, the National Single Window, CambodiaTrade.com, the Cambodia Digital Economy and Society Policy Framework 2021-2035, the Digital Skill Development Road Map (2024-2035), and digital payment systems (Bakong), she pointed out.

‘Whether to invest in our rapidly growing economy, take advantage of our strategic location, or leverage our digital advancements, Cambodia welcomes you with open arms,’ stated H.E. Minister.

Source: Agence Kampuchea Presse