Phnom Penh is gearing up to host the highly anticipated Cambodia-ASEAN Business Summit this April, a collaborative effort between the Cambod...
Phnom Penh is gearing up to host the highly anticipated Cambodia-ASEAN Business Summit this April, a collaborative effort between the Cambodian Chamber of Commerce (CCC), the ASEAN Business Advisory Council Cambodia, and the Cambodian Government. Scheduled for April 1-2 at the prestigious Sofitel Phnom Penh Phokeethra, the summit aims to bolster economic ties and foster trade partnerships across the ASEAN region.
The event, spearheaded by CCC's vice-president Lim Heng, promises to bring together a diverse array of economic players and experts from ASEAN countries. Prime Minister Hun Manet and Kith Meng, President of the Cambodia Chamber of Commerce, are slated to deliver the keynote address, underscoring the significance of this gathering in the regional business landscape.
With panel discussions focusing on key themes such as ASEAN energy grid connectivity, renewable energy, and sustainability, the summit seeks to explore avenues for enhanced collaboration and investment. Moreover, sessions highlighting Cambodia's strategic position as the gateway to ASEAN and the role of technology in fostering inclusive growth are expected to draw significant interest from attendees.
"The Cambodia Chamber of Commerce aims to showcase the investment potential of the region to foreign investors, fostering economic integration and growth," shared Lim Heng in an exclusive interview with Khmer Times.
Recent data from the Council for the Development of Cambodia reveals a notable surge in foreign investment, with Cambodia attracting $4.92 billion in fixed-asset investment in 2023, marking a 22 percent increase from the previous year. Notably, China, Singapore, and Malaysia emerge as the top contributors to Cambodia's thriving investment landscape, with China alone accounting for 66 percent of total investments.
Preparations for the summit have been underway since January, with CCC actively engaging stakeholders including the Cambodian Chamber of Commerce and the International Trade Association. This concerted effort underscores the commitment to ensuring the success of the Cambodia-ASEAN Business Summit and further positioning Cambodia as a key hub for investment within the ASEAN region.
In conclusion, the upcoming Cambodia-ASEAN Business Summit holds immense promise in advancing regional trade, fostering economic cooperation, and showcasing Cambodia's burgeoning investment opportunities on the global stage. With a lineup of distinguished speakers and engaging discussions, the event is poised to chart a course toward a more integrated and prosperous ASEAN community.
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