The Cambodia Oknha Association (COA) and the Council for the Development of Cambodia (CDC) have announced a joint forum to be held on August 11. The aim is to explore the current climate of commerce and investment in Cambodia, focusing on the challenges and opportunities in major sectors.

Oknha is an honorific bestowed on those who have made significant contributions to national development.

COA spokesperson Hun Lak confirmed that the forum will take place at the Garden City Hotel. High-profile attendees include Sok Chenda Sophea, a minister attached to the Prime Minister and CDC’s secretary-general, as well as commerce attaches from various foreign embassies in Cambodia.

Discussing the significance of the event, Lak emphasised the importance of collaboration and dialogue.

“This forum offers a chance to enhance communication and broaden relationships, while discussing investment opportunities and potential ventures.

“We’ll bring up the challenges the private sector is facing, in order to find solutions that will enable progress across all areas of the private sector,” he added.

The sectors to be examined include agriculture, tourism, hospitality, manufacture, logistics, construction, real estate, and international trade cooperation.

Industry insiders believe the forum’s targeted approach will be beneficial in addressing existing challenges.

Ho Vandy, an adviser at the Cambodia Association of Travel Agents, was optimistic about the forum’s potential impact.

“The forum is an opportunity for the private sector, particularly in tourism, to forge new partnerships and explore opportunities. It’s a chance to look into innovative ways to breathe new life into this sector,” he said.

The forum has also garnered support from local business leaders. Keo Mom, the president of the Cambodian Women Entrepreneurs, voiced her expectations for the event, particularly for small and medium-sized enterprises.

“We intend to leverage this opportunity to identify and implement solutions for the challenges that have been confronting us,” she said.

The Cambodia Oknha Association is a significant organisation, with 32 board members serving a five-year mandate. It aims to protect and promote the prestige of oknhas in contributing to Cambodia’s social and economic development.

COA’s mission reaches beyond commercial interests, seeking to be the voice of humanity, protect the ‘oknha’ title, and collaborate for social and humanitarian causes. It also prioritises the promotion of respect for the law and Cambodia’s legal standards, and actively organises events to foster trade and investment within the nation.