Cambodia

Cambodia Boosting Efforts To Attract US Investors

Cambodian Minister of Commerce Cham Prasidh speaks during the 17th GMS Ministerial Conference at the Peace Palace in Phnom Penh, file photo. Cambodian Minister of Commerce Cham Prasidh speaks during the 17th GMS Ministerial Conference at the Peace Palace in Phnom Penh, file photo.
x
Cambodian Minister of Commerce Cham Prasidh speaks during the 17th GMS Ministerial Conference at the Peace Palace in Phnom Penh, file photo.
Cambodian Minister of Commerce Cham Prasidh speaks during the 17th GMS Ministerial Conference at the Peace Palace in Phnom Penh, file photo.
VOA Khmer
PHNOM PENH - Cambodia is ramping up efforts to attract US investment, especially because it benefits from trade preferences due to its status as a least-developed country, Cambodian Commerce Minister Cham Prasidh says.

“We have an open and liberal economy,” the minister told VOA Khmer in an interview in Washington, where he was working to find more US investors to consider Cambodia.

Cambodian products can be imported duty free to a number of markets, including Europe and Canada, the minister said. And it can be a gateway to the markets of Southeast Asia, which has 600 million people, he said.

“This is a very integrated region where you would see free flow of goods, free flow of services, free flow of skilled personnel, free flow of investment, and free flow of capital,” Cham Prasidh said. “So it means that Asean would be a little bit like the European Union, except that we are not imitating everything from the European Union. And we’re united in diversity. This is something that is very important.”

Investment in agriculture could be especially appealing to US companies, Cham Prasidh said. Cambodia wants to boost its trade volume and exchange, he said. “And we have to use all the facilities that are offered.”

But critics say many investors from the West are put off by the high costs associated with graft in Cambodia, which is among the world’s 20 most corrupt countries, according to the US-based Transparency International.

Business Council Sees More Opportunities in Asia 'Pivot'i
|| 0:00:00
X
11 December 2012
As the United States intensifies its focus in Asia, the US-Asean Business council continues to seek ways to bring investment to the region, including Cambodia. The council, represents around 100 companies, including Coca-Cola and Chevron, recently celebrated ASEAN’s 45th anniversary, inviting Cambodian Commerce Minister Cham Prasidh to give the keynote address. VOA Khmer's Poch Reasey and Men Kimseng discuss the importance of US investment in Asean and Cambodia.

That translates into greater costs for doing business, from licenses and other expenses in setting up a business, running it, and transporting and shipping goods. And that companies might look elsewhere.
Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
US Seeking Stronger Ties as Cambodia’s Political Reforms Move Forward​i
X
28 August 2014
A senior US diplomat says the country is looking to strengthen ties with Cambodia, now that the opposition has ended a boycott of the National Assembly. “We want to have a good relationship with the nation of Cambodia, the people of Cambodia,” Scot Marciel, the Principal Deputy Assistant Secretary for East Asia and Pacific Bureau, told VOA Khmer in an exclusive interview. “We have an interest in a Cambodia that is successful, democratic, more prosperous, enjoying good health, and good education. Again, this is mostly up to the Cambodian people but we want to be supportive because it’s in our interest for Cambodia to be successful.” The US has made a recent diplomatic resurgence in Asia, where China’s influence continues to grow.​ Marciel, who is visiting the country, said Wednesday that Cambodia’s moves toward electoral reforms are encouraging. “I think what we’re looking to see, like the Cambodian people, the people here have made it clear that they would like to see some more reforms some progress on some of the challenges that the Cambodia faces, and we feel the same way,” he said. “We are hopeful that the government and the parliament as it is now seated can move ahead on some of the reforms that people here have called for. We think that would be a positive step.” (Sok Khemara, Washington)

English with Mani & Mori

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Doze Off (Movie: Hairspray)i
X
25 August 2014
You can say, "I don't know why, but every time I eat 'prahok' (Cambodian anchovy) I find myself 'dozing off' all the time." What does it mean? Watch here. For more videos - go to facebook.com/voakhmer or www.youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Doze Off (Movie: Hairspray)

You can say, "I don't know why, but every time I eat 'prahok' (Cambodian anchovy) I find myself 'dozing off' all the time." What does it mean? Watch here. For more videos - go to facebook.com/voakhmer or youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.
Video

Video Scratch Someone's Back (Movie: Batman Begins)

You can say, "Yeah sure, I can get you a job at CNN easily. Now, if 'YOU SCRATCH MY BACK, I'LL SCRATCH YOURS'." What does it mean? Watch here. For more videos - go to youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Wild Goose Chase (Movie: Inside Man)

You can say, "The policeman was sent on a 'wild goose chase' to find the killer. All the clues that were given to him turned out to be false." What does it mean? Watch here.
Video

Video Let Bygones Be Bygones (Movie: The Social Network)

You can say, "I know he hurt you, he gave up on you, and that broke your heart. But that's the past, you have to 'let bygones be bygones." What does it mean? Watch here. For more videos - go to youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
See more >>>