CDC Unveils Groundbreaking Investment Project Management System to Boost Investor Confidence

• 29 November 2024
• Local News
• 460 Views

The Council for the Development of Cambodia (CDC) has officially launched the innovative “CDC Investment Project Management System (cdcIPM),” a state-of-the-art digital platform designed to simplify and streamline the investment application process.

This system allows investors to apply from anywhere and at any time, enhancing efficiency, reducing processing times, and ensuring greater transparency and integrity in Cambodia’s investment landscape. The launch ceremony was presided over by His Excellency Sun Chanthol, Deputy Prime Minister and First Vice President of the CDC, on 27 November 2024, with presents from leaders from government ministries and institutions, and foreign ambassadors and representatives of embassies, representatives of the private sector.

Developed to support the implementation of the Investment Law of the Kingdom of Cambodia and the Pentagon Strategy Phase 1, the cdcIPM system represents a significant milestone in Cambodia’s journey toward a fully digital economy and governance.

It provides a centralised platform for investors to seamlessly navigate the regulatory framework, helping to foster confidence in Cambodia’s investment environment. During the launch, the Cambodian Chamber of Commerce commended the initiative, encouraging members of the private sector and international business community to adopt and promote the system to attract global investment partners.

The cdcIPM system not only simplifies the administrative aspects of investment but also actively contributes to Cambodia’s digital transformation efforts. By eliminating complexities and fostering a more investor-friendly environment, the platform supports the government’s broader goals of economic modernisation and sustainable growth. It is expected to play a key role in boosting both national and foreign investments, helping investors capitalise on Cambodia’s economic potential with confidence and ease.

• Technology and Engineering
• Policy and Strategy