The Cambodian Development Council (CDC) will launch a new data platform to further facilitate domestic and foreign investors.

Vice Premier and First Vice Chairman of the Development Council, Sun Zhantuo, stated that the "CDC Investment Project Management System" (CDCIPM) aims to simplify the investment process through digital means and further stimulate economic growth. This system will allow enterprises to apply for and register investment projects through online platforms, replacing traditional paper document submission methods and greatly improving the convenience and efficiency of applications.

He revealed that before the system is put into use, he will showcase its functions to Prime Minister Hun Manet on August 28th.

He emphasized that this move is not only part of the Cambodian government's efforts to promote digital reform, but also an important strategy to attract more domestic and foreign investment. By improving the approval and management efficiency of investment projects, the government hopes to further stimulate economic vitality and promote sustainable development of the country.

He pointed out that the system will allow investors to submit applications directly online, reducing cumbersome administrative procedures. This will not only reduce the time cost of enterprises, but also improve the transparency and speed of the approval process. The launch of the system is expected to provide investors with more convenient and efficient services, enhancing Cambodia's competitiveness in the global investment market.

According to the CDC report, Cambodia approved a total of 234 investment projects in the first seven months of this year, with an agreed investment amount exceeding 3.6 billion US dollars, almost twice that of the same period last year. It is worth noting that local investment projects account for half, while Chinese investment accounts for over 40%, and the remaining 10% comes from other countries. The investment is mainly concentrated in the fields of industry, infrastructure, tourism, and agriculture, demonstrating the confidence and support of various industries for Cambodia's economic prospects.

Last year, the CDC approved 268 investment projects with a total investment of nearly $4.9 billion.

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