Past Events

We were glad to have Lyna Fong, Director of the Commercial Center of Cambodia, join us at our Asia & Africa Committee meeting on 23 November to update members on Cambodia’s latest business developments. Fong said despite challenges in the global economy, Cambodia’s growth was projected to bounce back to 6% in 2023. The country’s exports had grown by 28% year-on-year, thanks to sectors such as garments and textiles, bicycles, and agriculture performing strongly. Total investment in the country had also skyrocketed by 140%, especially in Special Economic Zones.

She explained that the New Investment Law launched in late 2021 had significantly improved the country’s business environment by guaranteeing investments more protection and compensation against unexpected sociopolitical events, encouraging good competition, providing more freedom in currency exchange and profit repatriation, and additional tax incentives to invest.

The committee also welcomed two new members, Nick Chan, Partner of Squire Patton Boggs, and Marshall Jen, Principal Family Advisor of Edlinked Ltd.