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Prime Minister Hun Manet delivers his remarks at the 2025 Cambodia-ASEAN Business Summit on March 6. STPM
Prime Minister Hun Manet has once again reiterated Cambodia’s investment potential, noting that it has something to offer to investors from across the world. He also shared details of the Kingdom’s economic recovery, following a brief period of decline due to the Covid-19 pandemic.
Manet addressed the Cambodia-ASEAN Business Summit 2025 on March 6. This year’s event is themed “Accelerating ASEAN Connectivity: People, Infrastructure, and Trade”.
The summit saw the participation of 315 domestic and international companies, along with more than 500 businesspeople.
The prime minister explained that the forum would provide further opportunities and new developments for the ASEAN community, promoting a prosperous and inclusive region, and deepening understanding of the importance of enhancing connectivity. This will boost sustainable economic growth and improve the environment, which aligns with ASEAN goals and Cambodian strategic policies.
He added that, since becoming an ASEAN member in 1999, Cambodia experienced strong economic growth at an average rate of 7% annually, before facing some setbacks due to the Covid-19 pandemic.
“However, the country is now on a solid recovery path, and aims to return to a new phase of growth. Cambodia’s economic growth is forecast to reach 6.3% in 2025 and continue at a rate between 6% to 7% in the medium term,” he said.
He emphasised that this strong performance is due to the Kingdom’s open policies towards trade and international investment, which provide strategic investment benefits, along with political and economic stability, better access to broader markets and improved frameworks.
Both domestic and foreign investors benefit from a favourable and secure environment, which helps minimise risks and ensures business sustainability.
Manet noted that Cambodia is widely recognised as having strong foreign direct investment (FDI) potential, and as a gateway to the broader ASEAN market.
In 2024, Cambodia secured 414 investment projects, with a total investment value of $6.9 billion, an increase of 40% compared to 2023.
This growth in international trade highlights the strength of Cambodia’s market and the effectiveness of its policies. Notably, international trade volume grew by more than 16%, from $46.82 billion in 2023 to $54.74 billion in 2024.
The prime minister also pointed out the Kingdom’s significant role in promoting regional prosperity. The Cambodian government has been actively fostering an environment conducive to investment through continuous improvements.
He confirmed that Cambodia has been and will continue to strategically invest in physical infrastructure networks, including high-speed roads, deep-water ports, international airports and special economic zones.
“As a member of the World Trade Organization (WTO), Cambodia has shown its strong commitment to fair and transparent trade. Cambodia is focusing on building a sustainable economy and fostering cooperation with neighbouring ASEAN countries,” he added.
He asserted that Cambodia is committed to reducing trade barriers, simplifying customs procedures, easing business registration processes and creating a transparent legal environment.
The country is also opening up markets through strategic free trade agreements to provide access to ASEAN markets and major global markets, including the EU, US, China, South Korea and the UAE.
Despite the lingering effects of the Covid-19 pandemic and geopolitical challenges, the ASEAN economic corridor remains strong and resilient. It is forecast to grow at 4.8% in 2025.
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