Off the wire
• Japan planning talks with S. Korea following outrage over possible UNESCO listing of wartime slave camps  • Reported cases of S. African youth wanting to join insurgent groups draw concern  • Several injured in police action on protesting employees in Indian-controlled Kashmir  • UN coordinator urges Yemen warring parties to provide safe passage for civilians  • EU employment rate of people aged 20 to 64 rises in 2014  • 1st LD Writethru: Chinese president visits Kazakhstan to boost cooperation along ancient trade route  • Eastern Africa countries set up regional observatory on environment  • Kiev dismisses fears over possible collapse of Minsk agreement  • China, Thailand pledge to advance cooperation in railway, tourism  • Zimbabwe to import staple maize as production declines by 49 pct  
You are here: 　 Home

Cambodia needs more U.S. investment: PM

Xinhua, May 7, 2015 Adjust font size:

Cambodian Prime Minister Hun Sen said Thursday that the Southeast Asian nation wanted to see more investment from the United States, particularly in agriculture, manufacturing industry and services, a spokesman said.

The prime minister made the remarks during a meeting with a visiting group of 19 American business executives led by Kathy Santillo, regional managing director of the U.S.-ASEAN Business Council, Sry Thamarong, a spokesman for Hun Sen, told reporters after the meeting.

The delegation came from eight U.S. giant companies, including ConocoPhillips, the third-largest U.S. oil producer, Exxon Mobil, the world's largest publicly traded international oil and gas company, General Electric (GE) and Coca-Cola, he said. "The prime minister expressed his desire to see more U.S. investors in Cambodia and presented the group the country's favorable atmosphere for investment,"he said, adding that Hun Sen also encouraged them to explore the possibility to invest in agriculture, manufacturing industry and services.

According to the spokesman, Hun Sen said Cambodia has hugely invested in transportation infrastructure and electricity, which are a key foundation for attracting investment. In addition, the country has also focused on human resources development to serve labour markets.

Meanwhile, Hun Sen said Cambodia will launch on-line business registration service by the end of this year to facilitate foreign investors seeking to do businesses in the country.

U.S. is the sixth largest investor in Cambodia with the cumulative investment of more than 1.3 billion U.S. dollars by last year, according to the figures of the Council for the Development of Cambodia.

The U.S.-ASEAN Business Council represents more than 100 major U.S. corporations across Southeast Asia. Its goal is to broaden and deepen the council's relationship with Southeast Asian nations. Endi