On April 2, the opening ceremony of the Cambodia - ASEAN Business Summit 2024 took place in Phnom Penh with the theme "Unleashing ASEAN's Potential: Connectivity, Technology and Inclusive Growth".
The event was attended by leaders of the Royal Government of Cambodia; representatives of relevant agencies, businesses of the host country and a number of organizations from ASEAN member countries and internationally.
During the two-day conference, delegates focused on discussing three main issues, including: Promoting the power of ASEAN connectivity; Cambodia - gateway to ASEAN; and Harnessing technological innovation and digitalization for inclusive growth.
Speaking at the opening ceremony, Cambodian Prime Minister Samdech Moha Bovor Thipadei Hun Manet said that forums such as the ASEAN Business and Investment Summit are important for promoting investment in the region, demonstrating the role of the ASEAN economy in the global community.
According to him, Cambodia has great potential in regional economic integration thanks to its strategic location in Southeast Asia and its dynamic development policy outlined in the Pentagon Strategy Phase I. Cambodia is committed to working closely with ASEAN member countries as well as dialogue partners to build a sustainable, inclusive and competitive ASEAN Economic Community for the collective benefit of the entire region.
“Cambodia has developed into a modern economy and integrated into the global economy. The Cambodian economy has also shown remarkable resilience. Before the Covid-19 pandemic, Cambodia maintained an average economic growth rate of more than 7% per year for two decades. Despite recent setbacks, the Cambodian economy is recovering with a growth rate of 5.6% in 2023 and is expected to reach 6.6% in 2024,” Prime Minister Hun Manet emphasized.
At the Cambodia-ASEAN Business Summit 2024, delegates from the host country and international organizations spent a lot of time discussing and making proposals to promote connectivity and integration within ASEAN, towards the goal of equitable and comprehensive growth.
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