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INVESTMENT OPPORTUNITIES in Cambodia presented by Sok Chenda Sophea Minister attached to the Prime Minister Secretary General Council for the Development.

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Presentation on theme: "INVESTMENT OPPORTUNITIES in Cambodia presented by Sok Chenda Sophea Minister attached to the Prime Minister Secretary General Council for the Development."— Presentation transcript:

1 INVESTMENT OPPORTUNITIES in Cambodia presented by Sok Chenda Sophea Minister attached to the Prime Minister Secretary General Council for the Development of Cambodia

2 2 Key Indicators  Land Area : 181,035 sq.km.  Population: 14.1 Million  Labor Force (Young) : 7,053,398 (Female: 3,608,345)  Population Growth Rate : 1.54%  GDP (2010) : 5.9%  GDP Per Capita in 2010 : $830  Inflation (2010) : 4%  Exchange Rate: USD 1= 4062 Riels JPY 1= Riels JPY 1= Riels

3 3 Economic Performance Source: SNEC & MEF Average growth for last 5 years is 10.3% GDP per capita

4 4

5 5 H.E. Mr. Chhieng Yanara Secretary General CRDB H.E. Mr. Keat Chhon, Deputy Prime Minister Minister of Economy and Finance 1 st Vice Chairman H.E. Mr. Suon Sitthy Secretary General CIB Trouble Shooting Committee Samdech Akka Moha Sena Padei Techo HUN SEN Prime Minister of the Kingdom of Cambodia Chairman Council for the Development of Cambodia (CDC) H.E. Mr. Chea Vuthy Deputy Secretary General CSEZB H.E. Mr. Kong Vibol Secretary of State of Economy & Finance Vice Chairman H.E. Mr. Sok Chenda Sophea Minister Attached to the Prime Minister Secretary General CSEZB H.E. Mr. Duy Thouv Deputy Secretary General CIB H.E. Mr. Leap Vanden Deputy Secretary General CRDB H.E. Mr. Sok Chenda Sophea Minister attached to the Prime Minister Secretary General H.E. Mr. Cham Prasidh, Senior Minister, Minister of Commerce 2 nd Vice Chairman H.E. Mr. Sun Chanthol Senior Minister in charge of Special Missions Permanent Vice Chairman H.E. Mr. Rith Vuthy Deputy Secretary General CRDB H.E. Mr. An Sophanara Deputy Secretary General CIB SEZ ODA FDI GMS National Secretariat

6 6  Information & Application  Approval  Customs Duty & Tax Exemption  Visa & Work Permit  Company Registration A ONE-STOP SERVICE

7 7 Licensing Authorities  Council of Ministers (CoM): CDC but needs approval from CoM for project with investment capital exceeding $ 50 million, BOT, BOOT, BOO or BLT, long-term strategy, sensitive projects: negative impact on the environment and natural resource exploitation  CDC : Less Than $ 50 Million  Provincial Authorities : Less Than $ 2 Million

8 8 Investment Approval Investment Application CDC issues a Conditional Registration Certificate to the applicant.  Company Registration / Ministry of Commerce  Relevant Licenses, as Appropriate / Ministry of Industry, Mines and Energy  Review and Approval of Construction Plan / Local Authorities  Ministry of Land Management, Urban Planning and Construction  Initial Environmental Impact Assessment / Ministry of Environment  Tax Department Registration / Ministry of Economy and Finance CDC issues a Final Registration Certificate to the Applicant 3 Working Days 28 Working Days

9 9 Investment Incentives  20% Corporate Tax  Tax Holidays (TH): Trigger Period +3 years+n; 6y

10 10 Investment Protection  Equal Treatment of All Investors  No Requirement of Local Equity Participation  No Price Controls on Products or Services  No Restriction on Forex Convertibility  Free Remittance of Foreign Currencies Abroad The Investment Law and the Sub-Decree contain a number of important guarantees for the investors The Investment Law and the Sub-Decree contain a number of important guarantees for the investors:

11 11 Bilateral Agreement on the Promotion and Protection of Investments between the Kingdom of Cambodia and Other Countries 1.Australia 2.Austria 3.China 4.Croatia 5.Cuba 6.Czech 7.France 8.Germany 9.Indonesia 10.Japan 11.Kuwait 12.Lao PDR Malaysia 13. Malaysia 14. Netherlands 15. N. Korea 16. OPEC 17. Pakistan 18. Philippine 19. ROK 20. Singapore 21. Switzerland 22. Thailand 23. USA (OPIC) 24. Vietnam

12 12 Encouraged Investment Activities  Agriculture and Agro-Industry  Transport and Telecommunications  Energy and Electricity  Labor-Intensive Industries, Processing and Manufacturing;  Tourism  Human Resource Development  Oil & Gas, Mining

13 13 Approved Investments by Country/Region ( ) US$ Million

14 14 Approved Investments by Sector 1994 – 2010

15 15 Infrastructure: A Definite Prospect  Priority for Infrastructure  Infrastructure Rehabilitation  Multilateral Aid Availability  Decentralization  Regional Opportunities  ASEAN & GMS Integration  Private Participation in Infrastructure (PPI): BOT, BOO, etc …

16 16 Agro-business  Basic Agrarian Economy  Natural Endowments:  Abundant Land  Rich Fishery Resources  Organic Crops  Value-Added Emphasis  Food Processing  New Product Development

17 17 Tourism  World Heritage Monuments  Open Sky Policy to Siem Reap  Natural Beauty - Beach - Islands  Ability to Attract “Add-on” Trips  Novelty Value

18 18 Eco-Tourism Tourism Center Poipet Sihanoukville Gulf of Thailand 314km 230 km 150 km Beach & Island Resorts Bokor (hill resort)

19 Visitors to Cambodia Thousand (000) Visitor Arrivals from YEAR Visitor Arrivals 1,770,0412,015,1282,125,4652,161,5772,508,289

20 20 Top Ten Markets  Vietnam  Korea  China  Japan  USA  France  UK  Thailand  Australia  Taiwan

21 21 Japanese Arrivals Year Number of Japanese Visitors Total VisitorsShare (%)Rank ,3531,770, nd ,9732,015, nd ,8062,125, rd ,2862,161, th ,7952,508, th

22 22 Investment Opportunities  Phnom Penh o International Convention Center o High-End Hotel (Four Seasons, Hyatt, etc…): at the moment there are only Intercontinental Hotel and Raffles with approximately 500 rooms.  Siem Reap o International Convention Center o High-End Hotel (Four Seasons, Hyatt, Sheraton, and Marriott, etc…) at the moment there are only Raffles, Le Meridien, Sofitel, Aman resorts and Orient Express, with approximately 700 rooms. o Amusement Park / Recreational Activities o Golf Course (there are three existing golf courses)  Sihanoukville o High-End Hotel (Four Seasons, Hyatt, etc…) o Golf Course

23 23 Manufacturing & Export  Competitive Labor Cost  Tax Incentives  Market Access  Regional Arrangement

24 24 MFN/GSP Market Access  Australia  Austria  Belarus  Belgium  Bulgaria  Canada  China  Czech Republic  Denmark  Finland  Poland  Portugal   ROK  Russian Federation  Slovakia  Spain  Sweden  Switzerland  UK  USA  EBA (“Everything But Arms” Initiative for LDCs)  France  Germany  Hungary  Ireland  Italy  N-Korea  Luxemburg  Japan  Netherlands  New Zealand  Norway … and the ASEAN Integration System Of Preferences (AISP) from the ASEAN 6

25 25 Cambodia’s Special Economic Zones No Activities Under Construction Operational Kampot SEZ Sihanoukville Port SEZ Poipet O’Neang SEZ Sihanoukville SEZ1 Sihanoukville SEZ2 Stung Hao SEZ S.N.C SEZ Kompong Som SEZ Koh Kong SEZ Souy Chheng SEZ Oknha Mong SEZ Kiri Sakor Koh Kong SEZ P (SEZ) I C Thary Kompong Cham SEZ GoldFame Pak Shun SEZ Duong Chhiv SEZ Phnom Penh SEZ

26 26 One Stop Service Special Economic Zone Administration (SEZA)  Company Registration and Investment License  Export/Import Permit  Work Permit and Labor Books (Both Workers and Expatriate)  SEZA will provide on-site immediate legal and administrative assistance.

27 27 JOININGWTO JOININGASEAN ACCESS TO THE U.S. MARKET ACCESS TO THE EUROPEANMARKET Cambodia has embraced the globalization process as part of its outward looking economic development strategy ….

28 28 Reasons to Invest in Cambodia  Open Economy  Sound Macroeconomic Environment  Competitive Investment Incentives  One-Stop Service - Fast -Track Investment Approval Process (28 Days)  Low Labor Cost  Strategic Location  Preferential Trading Status  Access to ASEAN and World Markets

29 . Phnom Penh The Philippines Singapore Indonesia Myanmar Southern China Manila Bangkok Kunming Yangon Brunei Jakarta Begawan Hanoi Laos Vientiane Malaysia Kuala Lumpur Thailand Vietnam 1h:30 in average CAMBODIA 29

30 30 Invest in Cambodia and you have 14 million consumers Invest in Cambodia and you have 14 million consumers Invest in Cambodia and you have 325 million consumers virtually at your doorstep Invest in Cambodia and you have 325 million consumers virtually at your doorstep Invest in Cambodia and you have 590 million consumers at your doorstep

31 31 Thank you

32 CDC


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