ADATA Technology Co., Ltd. To Study Technology Investment Opportunity In Cambodia

date_range 03-Jul-2024
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Phnom Penh, June 03, 2024 --

ADATA Technology Co., Ltd. will conduct detail study on investment opportunity in technology sector and other potential areas in Cambodia, under the coordination of the Council for the Development of Cambodia (CDC).

The plan was unveiled by visiting Mr. Simon Chen, Chairman and CEO of ADATA Technology Co., Ltd. while he was paying a courtesy call on H.E. Sun Chanthol, Deputy Prime Minister and CDC First Vice President, at the CDC headquarters on July 2, to learn about Cambodia’s investment potential.

On the occasion, H.E. Sun Chanthol informed his guests about favourable investment environment in Cambodia, and open investment law to all foreign investors and related regulations, in addition to political and economic stability, low inflation rate, young labour forces, and the average of 7-percent economic growth before the COVID-19 outbreak.

The CDC first vice president also underscored Cambodia’s open markets through bilateral, multilateral and regional trade agreements such as Cambodia-China Free Trade Agreement (FTA), Cambodia-Republic of Korea FTA, and RCEP (Regional Comprehensive Economic Partnership), as well as the Royal Government of Cambodia’s support to all businesses and investments, and interconnected physical infrastructure across the nation.

H.E. Sun Chanthol suggested the company to consider investing in the fields of technology and other potential sectors, and reaffirmed the CDC’s readiness to coordinate and facilitate all investment affairs.