The Council for the Development of Cambodia (CDC) is in the process of improving the ease of doing business in Cambodia aimed at attracting foreign investment as companies are likely to switch locations amid trade war pressure, said Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia, yesterday.
CDC is reviewing the existing regulations and procedures to identify points for reform with the target of eliminating complexity in doing business and creating a more transparent investment environment, said Chanthol.
“To attract investment in the context of likely-to-happen trade war pressures, CDC is reviewing to do more reforms, to identify the issues, and create more incentives to investors,” he said.
The meeting brought together representatives from provinces to discuss improving the ease of doing business and investment application registration.
“CDC is committed to creating a friendly investment environment for all national and foreign investors by improving and giving competitive incentives, simplifying business registration processes,” he said.
Last year, Cambodia attracted 414 fixed-asset investments worth a total investment capital of $6.9 billion, up 40 percent from $4.92 in the year before.
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Source: Khmer Times
February 07, 2025
