Archive

Challenges Still, as Cambodia Looks to US Investors

US-Asean Business meeting on Sept 24, 2010 in New York.
US-Asean Business meeting on Sept 24, 2010 in New York.
Men KimsengVOA Khmer

Emerging from a meeting with US business leaders on Friday, a senior Cambodian investment official said the country is ready to start welcoming US interest.

Sok Chenda, secretary-general of the Council for the Development of Cambodia, said major US companies are starting to show an interest in Cambodia as well.

“These major US companies have experience in areas like agro-industry,” he said. “I hope all these companies will come to invest in Cambodia, because the most important thing for the investment of foreign companies in Cambodia, like that of the US, is that they already have their market.”

The US is strengthening its trade relations with Asean countries in a bid to boost its exports. Asean is now the fourth-largest export market for the US.

“Asean is the market for today for the United States, but it’s also the key to the future or the key to President Obama realizing his export initiative,” Alexander Feldman, president of US-Asean Business Council, told reporters after a breakfast meeting with Asean leaders Friday.

Since taking office in 2009, President Barack Obama has set export as a main target to bring the US out of its financial slump.

Asean is situated between two emerging economies, China and India, giving it a strategic importance for balancing economic growth and trade for the US.

Asean groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Vietnam, and Thailand and a total population of 600 million people.

“There are large concerns about our commitments, about our focus, and about our optimism,” US Assistant Secretary of State Kurt Campbell told Asean leaders. “I want to tell of you how much we appreciate our Asean friends for many things. But one of the most important things that you have done for us is encourage us to remain very strongly engaged in a region which is absolutely central not only for our prosperity, but for our future and our security.”

Sok Chenda said Cambodia's main investment challenge is infrastructure, not human resources.

“We have been trying to build infrastructure, like bridges, roads, electricity and water, every year, but it is not yet up to fully functioning to serve the private sector,” he said. “Therefore, the only challenge that we have to overcome is the infrastructure.”

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one
Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Protesters Clash With Police Outside Premier’s Homei
X
18 August 2014
Hundreds of housing rights protesters and evictees clashed with security forces outside Phnom Penh on Monday, leaving at least nine people with minor injuries. The clash was one of the first since major violence over Freedom Park in the capital in July. Protesters gathered outside the National Assembly Monday morning, hoping to deliver petitions of grievances, but when no one came out to accept the petitions, they decided to march on the suburban home of Prime Minister Hun Sen, in Kratie province, just outside the capital. There, they clashed with security personnel. VOA's Khmer Suy Heimkhemra reports from Phnom Penh.

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.
Scratch Someone's Back (Movie: Batman Begins)i
X
16 August 2014
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 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.
Video

Video Same Old, Same Old (Movie: Lord of War)

You can say, "My life is so boring - it's the 'same old, same old'. I wish it was more exciting." 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 >>>