19th G-PSF Kicks off at the Peace Palace

The 19th Government-Private Sector Forum (G-PSF) kicked off here at the Peace Palace this morning under the chairmanship of Prime Minister Samdech Moha Borvor Thipadei Hun Manet.

“The 19th G-PSF held this morning responds to my promise made in the first Cabinet Meeting of the 7th mandate on Aug. 24, 2023,” said Samdech Thipadei Hun Manet in his opening speech.

The Premier said today is a historic day for the 7th-mandate Royal Government, as well as for himself for leading this forum for the first time, and this is also the first meeting of its kind in four years since the Covid-19 crisis.

Besides, this forum shows the urgency and necessity of the Royal Government’s economic agenda in this new mandate, he said, adding that “we intend to organise a joint process between the Royal Government and the private sector from the beginning of the mandate to harmonise and achieve the Cambodia’s common ambition and vision for 2050.”

H.E. Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), said G-PSF is held to improve business environment, build trust, and encourage private investment through a demand driven process with the private sector identifying issues and recommending solutions.

In the beginning, G-PSF has originally had 10 working groups, but now has been expanded to 14 working groups.

G-PSF is considered a key pillar in improving the investment climate in Cambodia, H.E. Sun Chanthol stressed.

G-PSF was established in 1999 on the initiative of Samdech Akka Moha Sena Padei Techo Hun Sen, former Prime Minister of Cambodia, to provide a reliable dialogue mechanism for consultation between the government and the private sector on investment climate issues ranging from long-range policy to day-to-day operations to encourage private sector initiatives.

G-PSF provides a reliable platform for the business community to raise and resolve problems with the Royal Government of Cambodia.