New Laws to Regulate Cambodian SEZ to Encourage Investors

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New Laws to Regulate Cambodian SEZ to Encourage Investors

Post by CEOCambodiaNews » Thu Dec 26, 2019 7:50 am

Cambodia to apply laws on special economic zones
The Cambodian government is working on new laws to regulate special economic zones (SEZs) and investments, Prime Minister HE said.
VNA Wednesday, December 18, 2019 14:49

Hanoi (VNA) – The Cambodian government is working on new laws to regulate special economic zones (SEZs) and investments, Prime Minister HE said.

Speaking at the 14th Cambodia Import Export One Province One Product Exhibition in Koh Pich on December 15, HE said the new laws are expected to attract investment to the country by providing incentives, enhancing transparency, and promoting fair competition.

The objective is to establish a transparent, favourable and effective regulatory framework to promote investment and modernisation, and enhance industrial productivity, he noted.

According to a recent report by the Council for the Development of Cambodia (CDC), there are 18 active SEZs in the country, most of them are in border areas with Vietnam and Thailand.

The Khmer Times quoted Vice General Secretary of CDC Chea Vuthy as saying that investment flows have significantly contributed to expanding the country’s economic growth to 7 percent, and created about 15,000 jobs per year.

According to data from the Cambodian Ministry of Commerce, the 18 SEZs’ export value hit 1.4 billion USD in 2018, up 18 percent year-on-year./.
https://en.vietnamplus.vn/cambodia-to-a ... 165689.vnp
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Re: New Laws to Regulate Cambodian SEZ to Encourage Investors

Post by CEOCambodiaNews » Mon Jan 27, 2020 10:00 pm

Exports from SEZs soar 27% year-on-year
Hin Pisei | Publication date 26 January 2020
Cambodia's exports through the special economic zones (SEZs) last year increased by about 27 per cent compared to 2018, Minister of Economy and Finance Aun Pornmoniroth said on Thursday.

Speaking during a visit to the Phnom Penh Special Economic Zone (PPSEZ), Pornmoniroth said the total value of the Kingdom’s exports reached $2.688 billion last year.

As of the end of last year, he said there were 465 companies operating in the Kingdom’s 54 SEZs employing more than 100,000 workers.

Poipet Oneang SEZ brand manager Ly Kimhong told The Post on Sunday that exports from his SEZ increased significantly last year over 2018.

However, he did not have exact figures on the export of manufactured products from his SEZ, which is located in Banteay Meanchey province’s Poipet town near the border with Thailand.

“With four major factories operating in the [Poipet] Oneang SEZ, I saw the volume of production and exports grow steadily,” said Kimhong.

He attributed the rise in investment in the Kingdom’s SEZs to better investment laws, more skilled workers and a more affordable labour force compared to Thailand, as well as a shift away from factory jobs among the Thais.

Poipet Oneang SEZ currently has four factories in operation – two of which are Thai-owned, one Chinese-owned and one Japanese – employing more than 7,000 workers. Two more factories are under construction.
https://www.phnompenhpost.com/business/ ... -year-year
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