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INVESTMENT OPPORTUNITIESin Cambodia
presented by
Sok Chenda SopheaMinister attached to the Prime Minister
Secretary General Council for the Development of Cambodia
2
Key IndicatorsKey Indicators
Land Area : 181,035 sq.km.Land Area : 181,035 sq.km.
Population: 14.1 Million Population: 14.1 Million
Labor Force (Young) : 7,053,398 (Female: Labor Force (Young) : 7,053,398 (Female: 3,608,345)3,608,345)
Population Growth Rate : 1.54%Population Growth Rate : 1.54%
GDP (2010) : 5.9%GDP (2010) : 5.9%
GDP Per Capita in 2010 : $830GDP Per Capita in 2010 : $830
Inflation (2010) : 4%Inflation (2010) : 4%
Exchange Rate: USD 1= Exchange Rate: USD 1= 4062 Riels4062 Riels
JPY 1= 49.67 RielsJPY 1= 49.67 Riels
3
Economic PerformanceEconomic Performance
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
GDP 9.20% 6.50% 5.30% 5.70% 5.00% 12.60% 9.20% 7.70% 6.20% 8.60% 10.0% 13.3% 10.8% 10.2% 6.70% 0.10% 5.90%
Inf lation 17.90% 3.50% 10% 9.20% 13.30% 4.00% -0.80% 0.20% 3.30% 1.20% 3.90% 5.80% 4.70% 5.9% 19.70% -0.60% 4.00%
-5.00%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
0%
2%
4%
6%
8%
10%
12%
14%
Source: SNEC & MEF
Average growth for last 5 years is 10.3%Average growth for last 5 years is 10.3%
20022002 20032003 20042004 20052005 20062006 20072007 20082008 20092009 20102010
GDP per capita GDP per capita 331331 356356 402402 468468 534534 623623 738738 731731 830830
4
5
H.E. Mr. Chhieng YanaraSecretary General CRDB
H.E. Mr. Keat Chhon, Deputy Prime MinisterMinister of Economy and Finance
1st Vice Chairman
H.E. Mr. Suon SitthySecretary General CIB
Trouble Shooting
Committee
Samdech Akka Moha Sena Padei Techo HUN SENPrime Minister of the Kingdom of Cambodia
Chairman
Council for the Development of Cambodia (CDC)
H.E. Mr. Chea VuthyDeputy Secretary General CSEZB
H.E. Mr. Kong Vibol Secretary of State of Economy & Finance
Vice Chairman
H.E. Mr. Sok Chenda SopheaMinister Attached to the Prime Minister
Secretary General CSEZB
H.E. Mr. Duy ThouvDeputy Secretary General CIB
H.E. Mr. Leap VandenDeputy Secretary General CRDB
H.E. Mr. Sok Chenda SopheaMinister attached to the Prime Minister
Secretary General
H.E. Mr. Cham Prasidh, Senior Minister, Minister of Commerce
2nd Vice Chairman H.E. Mr. Sun Chanthol
Senior Minister in charge of Special Missions
Permanent Vice Chairman
H.E. Mr. Rith VuthyDeputy Secretary General CRDB
H.E. Mr. An SophanaraDeputy Secretary General CIB
SEZ ODA FDIGMS National Secretariat
66
Information & ApplicationInformation & Application ApprovalApproval Customs Duty & Tax ExemptionCustoms Duty & Tax Exemption Visa & Work PermitVisa & Work Permit Company RegistrationCompany Registration
A ONE-STOP SERVICE
7
Licensing AuthoritiesLicensing Authorities
Council of Ministers (CoM): CDC but needs approval Council of Ministers (CoM): CDC but needs approval from CoM for project with investment capital from CoM for project with investment capital exceeding $ 50 million, BOT, BOOT, BOO or BLT, exceeding $ 50 million, BOT, BOOT, BOO or BLT, long-term strategy, sensitive projects: negative impact long-term strategy, sensitive projects: negative impact on the environment and natural resource exploitationon the environment and natural resource exploitation
CDC : Less Than $ 50 MillionCDC : Less Than $ 50 Million
Provincial Authorities : Less Than $ 2 MillionProvincial Authorities : Less Than $ 2 Million
8
Investment ApprovalInvestment 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
Investment IncentivesInvestment Incentives
20% Corporate Tax 20% Corporate Tax
Tax Holidays (TH): Trigger Period +3 years+n; 6y <TH<9y Tax Holidays (TH): Trigger Period +3 years+n; 6y <TH<9y
Full Import Duty ExemptionFull Import Duty Exemption
Repatriation of Profit (Withholding Tax)Repatriation of Profit (Withholding Tax)
Reinvestment of Earning (Special Depreciation)Reinvestment of Earning (Special Depreciation)
10
Investment ProtectionInvestment Protection
Equal Treatment of All InvestorsEqual Treatment of All Investors No Requirement of Local Equity ParticipationNo Requirement of Local Equity Participation No Price Controls on Products or ServicesNo Price Controls on Products or Services No Restriction on Forex ConvertibilityNo Restriction on Forex Convertibility Free Remittance of Foreign Currencies AbroadFree Remittance of Foreign Currencies Abroad
The Investment Law and the Sub-Decree contain a number The Investment Law and the Sub-Decree contain a number of important guarantees for the investorsof important guarantees for the investors:
11
Bilateral Agreement on the Promotion and Protection of Investments Bilateral Agreement on the Promotion and Protection of Investments between the Kingdom of Cambodia and Other Countriesbetween the Kingdom of Cambodia and Other Countries
1.1. AustraliaAustralia2.2. AustriaAustria3.3. ChinaChina4.4. CroatiaCroatia5.5. CubaCuba6.6. Czech Czech 7.7. France France 8.8. GermanyGermany9.9. IndonesiaIndonesia10.10. JapanJapan11.11. KuwaitKuwait12.12. Lao PDRLao PDR
13. MalaysiaMalaysia14.14. NetherlandsNetherlands15.15. N. KoreaN. Korea16.16. OPECOPEC17.17. PakistanPakistan18.18. PhilippinePhilippine19.19. ROKROK20.20. SingaporeSingapore21.21. SwitzerlandSwitzerland22.22. ThailandThailand23.23. USA (OPIC)USA (OPIC)24.24. VietnamVietnam
12
Encouraged Investment ActivitiesEncouraged Investment Activities
Agriculture and Agro-IndustryAgriculture and Agro-Industry Transport and Telecommunications Transport and Telecommunications Energy and ElectricityEnergy and Electricity Labor-Intensive Industries, PLabor-Intensive Industries, Processing and rocessing and
Manufacturing;Manufacturing; TourismTourism Human Resource DevelopmentHuman Resource Development Oil & Gas, MiningOil & Gas, Mining
13
Approved Investments by Country/RegionApproved Investments by Country/Region (1994- 2010) (1994- 2010)
US$ Million
14
Approved Investments by SectorApproved Investments by Sector1994 – 20101994 – 2010
1515
Infrastructure: A Definite Prospect
Priority for InfrastructurePriority for Infrastructure Infrastructure RehabilitationInfrastructure Rehabilitation Multilateral Aid AvailabilityMultilateral Aid Availability DecentralizationDecentralization Regional OpportunitiesRegional Opportunities ASEAN & GMS IntegrationASEAN & GMS Integration Private Participation in Private Participation in
Infrastructure (PPI): BOT, BOO, Infrastructure (PPI): BOT, BOO, etcetc……
16
Agro-businessAgro-business
Basic Agrarian EconomyBasic Agrarian Economy Natural Endowments:Natural Endowments:
Abundant LandAbundant Land Rich Fishery Resources Rich Fishery Resources
Organic CropsOrganic CropsValue-Added EmphasisValue-Added EmphasisFood ProcessingFood ProcessingNew Product DevelopmentNew Product Development
1717
TourismTourism
World Heritage MonumentsWorld Heritage Monuments
Open Sky Policy to Siem ReapOpen Sky Policy to Siem Reap
Natural Beauty - Beach - IslandsNatural Beauty - Beach - Islands
Ability to Attract “Add-on” TripsAbility to Attract “Add-on” Trips
Novelty ValueNovelty Value
1818
Eco-Tourism
Tourism CenterPoipet
Sihanoukville
Gulf of Thailand
314km
230 km
150 km
Beach & Island Resorts
Bokor (hill resort)
Visitors to CambodiaVisitors to Cambodia
Thousand (000)Thousand (000)
Visitor Arrivals from 2006 - 2010Visitor Arrivals from 2006 - 2010
YEARYEAR 20062006 20072007 20082008 20092009 20102010
Visitor ArrivalsVisitor Arrivals 1,770,0411,770,041 2,015,1282,015,128 2,125,4652,125,465 2,161,5772,161,577 2,508,2892,508,289
20
Top Ten MarketsTop Ten Markets
Vietnam Vietnam
KoreaKorea
ChinaChina
JapanJapan
USAUSA
FranceFrance
UKUK
ThailandThailand
AustraliaAustralia
TaiwanTaiwan
2121
Japanese ArrivalsJapanese Arrivals
YearNumber of
Japanese VisitorsTotal Visitors Share (%) Rank
2006 158,353 1,770,041 9.31 2nd
2007 161,973 2,015,128 8.04 2nd
2008 163,806 2,125,465 7.71 3rd
2009 146,286 2,161,577 6.77 4th
2010 151,795 2,508,289 6.05 4th
2222
Investment OpportunitiesInvestment Opportunities
Phnom Penh Phnom Penh o International Convention CenterInternational Convention Centero High-End Hotel (Four Seasons, Hyatt, etc…): at the moment there are only High-End Hotel (Four Seasons, Hyatt, etc…): at the moment there are only
Intercontinental Hotel and Raffles with approximately 500 rooms.Intercontinental Hotel and Raffles with approximately 500 rooms. Siem Reap Siem Reap
o International Convention CenterInternational Convention Centero High-End Hotel (Four Seasons, Hyatt, Sheraton, and Marriott, etc…) at the moment 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 there are only Raffles, Le Meridien, Sofitel, Aman resorts and Orient Express, with approximately 700 rooms. approximately 700 rooms.
o Amusement Park / Recreational ActivitiesAmusement Park / Recreational Activitieso Golf Course (there are three existing golf courses)Golf Course (there are three existing golf courses)
SihanoukvilleSihanoukvilleo High-End Hotel (Four Seasons, Hyatt, etc…)High-End Hotel (Four Seasons, Hyatt, etc…)o Golf CourseGolf Course
23
Manufacturing & ExportManufacturing & Export
Competitive Labor CostCompetitive Labor CostTax IncentivesTax Incentives
Market AccessMarket AccessRegional ArrangementRegional Arrangement
24
MFN/GSP Market Access
AustraliaAustralia AustriaAustria BelarusBelarus BelgiumBelgium BulgariaBulgaria CanadaCanada ChinaChina Czech RepublicCzech Republic DenmarkDenmark FinlandFinland
PolandPoland PortugalPortugal ROK Russian FederationRussian Federation SlovakiaSlovakia SpainSpain SwedenSweden SwitzerlandSwitzerland UKUK USAUSA EBA EBA (“Everything (“Everything
But Arms” Initiative But Arms” Initiative for LDCs)for LDCs)
France Germany Hungary Ireland Italy N-Korea Luxemburg JapanJapan Netherlands New Zealand Norway
… … and the ASEAN Integration Systemand the ASEAN Integration SystemOf Preferences (AISP) from the ASEAN 6Of Preferences (AISP) from the ASEAN 6
2525
Cambodia’s Special Economic Zones
No Activities
Under Construction
Operational Kampot SEZSihanoukville 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
One Stop ServiceOne Stop Service Special Economic Zone Administration (SEZA) Special Economic Zone Administration (SEZA)
Company Registration and Investment License Company Registration and Investment License Export/Import Permit Export/Import Permit Work Permit and Labor Books (Both Workers Work Permit and Labor Books (Both Workers
and Expatriate)and Expatriate) SEZA will provide on-site immediate legal and SEZA will provide on-site immediate legal and
administrative assistance. administrative assistance.
27
JOININGJOININGWTOWTO
JOININGJOININGASEANASEAN
ACCESS TOACCESS TOTHE U.S.THE U.S.MARKETMARKET
ACCESS TO THEACCESS TO THEEUROPEANEUROPEANMARKETMARKET
Cambodia has embraced the globalization process as part of Cambodia has embraced the globalization process as part of its outward looking economic development strategyits outward looking economic development strategy……..
28
Reasons to Invest in CambodiaReasons to Invest in Cambodia
Open EconomyOpen Economy Sound Macroeconomic EnvironmentSound Macroeconomic Environment Competitive Investment IncentivesCompetitive Investment Incentives One-Stop Service - Fast -Track Investment Approval One-Stop Service - Fast -Track Investment Approval
Process (28 Days)Process (28 Days) Low Labor CostLow Labor Cost Strategic LocationStrategic Location Preferential Trading StatusPreferential Trading Status Access to ASEAN and World MarketsAccess to ASEAN and World Markets
.
Phnom PenhThe Philippines
Singapore
Indonesia
MyanmarSouthern China
ManilaBangkok
Kunming
Yangon
Brunei
Jakarta
Begawan
Hanoi
Laos Vientiane
Malaysia
Kuala Lumpur
Thailand
Vietnam
1h:30 in average
CAMBODIA
29
3030
Invest in Cambodia and Invest in Cambodia and
you have 14 million you have 14 million
consumersconsumers
Invest in Cambodia and Invest in Cambodia and
you have 14 million you have 14 million
consumersconsumers
Invest in Cambodia and you Invest in Cambodia and you
have have 325 million325 million consumers consumers
virtually at your doorstepvirtually at your doorstep
Invest in Cambodia and you Invest in Cambodia and you
have have 325 million325 million consumers consumers
virtually at your doorstepvirtually at your doorstep
Invest in Cambodia and Invest in Cambodia and you have you have 590 million590 million
consumers at your consumers at your doorstepdoorstep
Invest in Cambodia and Invest in Cambodia and you have you have 590 million590 million
consumers at your consumers at your doorstepdoorstep
31
Thank you Thank you
www.cambodiainvestment.gov.kh
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