Cambodia very lucrative for investors

Economic diversification is attracting substantial sums of FDI from China and beyond.

Rich in history and culture and blessed with wonderful natural and human resources that are driving its impressive economic growth and attracting record sums of foreign direct investment (FDI), the Kingdom of Cambodia offers investors a modern, friendly and welcoming business climate. …

A similar positive trend is seen in the rapidly-growing levels of FDI that is flooding into the ambitious country at a record rate thanks to the forward-thinking policies of the government of Prime Minister Hun Sen. FDI surged 73 percent to $1.6 billion in 2012 from $902 million in 2011. …

This success, which has been driven by rising exports, private investment, agriculture, diversification, and a robust macroeconomic position, has not gone unnoticed, with the United Nations Conference on Trade and Development describing Cambodia in June 2013 as an “emerging bright spot”.

Cham Prasidh, senior minister and minister of Commerce, has played a key role in Cambodia’s emergence as leading FDI destination and in the creation of more than 20 strategically-located Special Economic Zones (SEZs) around the country, including SEZs near the borders with Thailand and Vietnam.

“Political stability has allowed for macroeconomic stability and a sound legal framework and a favorable environment for investors,” Minister Prasidh stated. “SEZs offer a ‘one stop service’ for investors where all documents and licensing can be completed on the spot.” …

The NBC recently signed a memorandum of understanding (MOU)with the China Banking Regulatory Commission. Chea Chanto, NBC governor, said the MOU will create an exchange of information and cooperation in banking supervision both inside and outside of the country. …

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZTk3NDYwNTAyZjc