Sign up | Log in



Home  >>   Daily News  >>   Cambodia News  >> Investment  >> Cambodia ranks low as investment draw
NEW UPDATES Asean Affairs   20 December 2013  

Cambodia ranks low as investment draw

Cambodia is one of the least-attractive investment destinations in ASEAN, according to new findings that an economic adviser to the government is already challenging.

Released last week, the 2013 ASEAN Competitiveness Survey ranked Cambodia above only Brunei in terms of investor “attractiveness”.

Just 21 per cent of the survey’s 502 respondents, all of whom hailed from the business community in ASEAN, identified Cambodia as a desirable nation for future investment.

Meanwhile, more than 40 per cent said they intended to invest in Singapore, Malaysia, Indonesia or Thailand. Thirty-eight per cent identified Myanmar, 36 per cent cited Vietnam and 24 per cent chose Laos as alluring foreign investment options. Consequently, Cambodia scored an overall “attractiveness rating” of 4.06 out of a possible 10, beating only Brunei’s 3.67.

“This is a big surprise,” Mey Kalyan, an adviser to the Supreme National Economic Council (SNEC), said.

“I have heard investors’ assessments of Myanmar that suggest the investment climate for infrastructure, telecommunications companies and legal frameworks are not yet right.”

Produced by the ASEAN Business Advisory Council, the survey tookTc into account responses from only three companies in Cambodia, while 72 per cent of the responses came from Thailand and Vietnam.

The ASEAN council is a working group that was formed in 2003 to provide private-sector feedback on the region’s economic integration.

The local firms that took part in the survey between May and August were the Alliance of Rice Producers & Exporters of Cambodia, Manulife Cambodia and Winson International Garments Ltd. All three could not be reached for comment.

Kalyan said that while Laos has a stronghold on the region’s energy resources, Cambodia’s liberal foreign investment regulations, which allow 100 per cent foreign ownership of companies, cheap labour costs and relative political stability, are all major drawcards for investment.

“It might be that Myanmar labour is cheaper, but you must be mindful of equity issues for workers and the skill level of your production,” he said. “There are weaknesses in infrastructure and energy, but these are not decisive factors.”

The ASEAN survey also found that Cambodia’s outward foreign direct investment activity, or export trade, was among the least attractive to investors, with just 3.3 per cent of respondents naming the Kingdom as a planned export location within the next three years.

Grant Knuckey, CEO of ANZ Royal Bank, said the survey proves how competitive ASEAN is for investment, and while Cambodia is an attractive destination, it cannot afford to slow its economic development.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories   20 Decenber 2013 Subsribe Now !
• DSI summoning 17 protest leaders; to freeze bank accounts Subcribe: Asean Affairs Global Magazine
• Bottle bombs, brick hurled into protest leader's home, no injuries reported Asean Affairs Premium
• Thai industrialists’ confidence worst in 2 years
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Cambodia ranks low as investment draw
• Rice exports drop following falling demand
Asean Analysis                    19 December  2013 Advertise Your Brand
• Asean Analysis-December 19, 2013
Prison oversight lags: UN
The Biweekly Update
• The Biweekly Update  December 13, 2013
 • Asean Analysis-December 18, 2013
Four screens market in Malaysia totaled USD 3.86 billion in first ten months of 2013: GfK
Asean Stock Watch     19 December  2013
• Asean Stock Watch-December 19, 2013

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand