Senior Official: Cambodia Welcomes More Investment from the U.S.

Cambodia wants more U.S. companies to operate in the Kingdom in order to further promote its investment diversification, create jobs, and advance connections with regional and global production chains.

The impression was highlighted by H.E. Vongsey Vissoth, Economy and Finance Secretary of State when receiving U.S.-ASEAN Business Council delegation led by its President and CEO Mr. Alexander Feldman recently at the ministry here in Phnom Penh.

On behalf of the Royal Government of Cambodia, the secretary of state warmly welcomed the guests and enabled open discussion to address emerging issues faced by existing U.S. companies in Cambodia and to attract the new ones.

The Royal Government of Cambodia, continued the secretary of state, is working hard to maintain high economic growth and to tackle global and regional threats and seize the opportunities prevailed.

Intervention to cut operating costs, handle potential threats, promote production chains and infrastructures, increase competitive advantage, manage efficient tax policy, and maintain macro-economy are current priorities of the government to promote foreign investments, he told the visiting delegation.

He also underlined the government’s endeavour to acheive full-fledged e-commerce and e-economy in the Kingdom within the next 15 and 20 years.

U.S.-ASEAN Business Council delegation thanked H.E. Vongsey Vissoth and his team for the warm hospitality and major investment highlights shared, which are very important for future cooperation.

Representatives of 15 giant U.S. corporations � including ConocoPhillips, Ford Motor Company, General Electric, Chevron, Coca-Cola, Facebook, Amazon, Oracle, Google, Master Card, and Visa � were also part of the visiting delegation.

Source: Agency Kampuchea Press