Cambodian PM Receives a Group of Chinese Investors

Cambodian Prime Minister Samdech Moha Borvor Thipadei Hun Manet received here at the Peace Palace this morning a group of Chinese investors. This group, composed by 17 major Chinese companies, was led by Mr. Shen Mingrong, Chairman of Zhenjiang Zhongchao New Material Co., Ltd. In the courtesy call, Mr. Shen Mingrong expressed his commitment to contribute to the Royal Government of Cambodia's policy and strategy to attract new investments, especially to turn Preah Sihanouk province into be a model multi-purpose special economic zone. Mr. Shen Mingrong told the Premier of the 17 companies which invest in different areas, including garment, IT, industry, finance and banking, energy, waste management and clean water, real estate, rural development, insurance, environment, and so on. They are exploring new investment opportunities as well as expanding their investment in Cambodia. In response, Samdech Thipadei Hun Manet highly appreciated the companies for their investments and businesses in Cambodia. He also briefed them on some of the Royal Government's development policies. Samdech Thipadei Hun Manet reassured to the delegation that the Royal Government has always adhered to an open, flexible and pragmatic policy, maintaining close ties and cooperation with all countries in the region and the world to ensure competitiveness and provide a better investment environment. In addition, the Prime Minister emphasised that the Royal Government has been setting priority policies on human resource training through education reform and vocational and technical training promotion, as well as continuing to strengthen upskilling and reskilling programmes to guarantee skilled labour force that can meet the actual needs of companies, industries and labour market. Besides, he added, the Royal Government has introduced a policy of free flow of capital allowing investors to transfer capital out and in through cross-border payment system, which provides convenience and support for the investment process in Cambodia. Source: A gence Kampuchea Presse