On the afternoon of 29 March 2016, H. E. SUN Chanthol, Senior Minister, Minister of Commerce of Cambodia, spoke about “Investment Opportunity in Cambodia” at “The Stock Exchange of Thailand Talk: Cambodia Investment and Business Opportunities” in Bangkok, Thailand.
The seminar was jointly organized by The Stock Exchange of Thailand, Chamber of Commerce of Cambodia and Thailand-Cambodia Business Council and aimed at promoting investment opportunities in Cambodia to Thai business leaders who have a keen interest in doing business in Cambodia.
Mr. Sun mentioned that the economy of Cambodia has increased an average of 7.7% per annum during the past decades. The World Bank called Cambodia one of the Olympians of Growth and the sixth fastest growing economy in the world with the most open investment regime in the region. The investment law provides very generous investment incentives such as low corporate income tax of 20%, up to nine years tax holiday, no restriction on foreign ownership in every economic sector, no exchange control, and no nationalization and price control. Furthermore, Cambodia benefits from the Generalized System of Preferences (GSP) from many countries and Everything-But-Arms (EBA) from the European Union, which allows quota-free and duty-free export of almost all Cambodian-made products to the EU.
Mr. Sun briefed the participants on the key reforms which have been completed and are being implemented at the Ministry of Commerce. He highlighted the importance of the new automation systems for issuing the Certificate of Origin and Business Registration which was officially launched on 4 January 2016 and the importance of newly-adopted IDP Strategy in moving the country forward to the next level of development.
He also invited Thai business leaders to come to visit and explore Cambodia, the Kingdom of Wonder, and to evaluate vast business and investment opportunities for them.
Source: MOC
http://www.moc.gov.kh/en-us/press-center/details/content/211468
