Cambodia expects WEF on ASEAN to further promote regional development, stability

The World Economic Forum on ASEAN 2017, to be held in the Cambodian capital next week, will yield substantive outcomes to further promote sustainable development, peace, stability and prosperity in the ASEAN region.

According to a Cambodian Foreign Ministry statement, Philippine President Rodrigo Duterte, Vietnamese Prime Minister Nguyen Xuan Phuc, Lao Prime Minister Thongloun Sisoulith, representatives of heads of state/government and ministers from across Asia-Pacific region will take part in the May 10-12 forum.

Cambodian Prime Minister Samdech Techo Hun Sen will open the forum on May 11 under the theme: "Youth, Technology and Growth."

"The World Economic Forum on ASEAN 2017 is expected to focus on how the region's expanding young and dynamic workforces can be engaged in ways that build the brightest future for the region," the statement said.

It added that the forum will also provide an opportunity to raise Cambodia's international profile and enhance the national prestige of Cambodia.

"Furthermore, it will contribute to the promotion of investment opportunities and tourists to the kingdom where majority of huge potentials has yet been unlocked," the statement said.

The World Economic Forum (WEF) was established in 1971 as a not-for-profit foundation with its headquarters in Geneva, Switzerland. The forum holds annual meetings in Davos, Switzerland, but also convenes regional meetings each year across Africa, Europe, Latin America and the 10-member Association of Southeast Asian Nations (ASEAN).

Last year, the WEF on ASEAN was held in Kuala Lumpur, Malaysia. Endit