business opportunities.
The entrepreneurs are involved in businesses in the fields of
education, consultancy, real-estate, telecommunication, banking and
finance.
The group led by Hideo Okubo, Chairman and CEO of Forval Corporation,
met with Cambodian officials led by the minister of commerce Cham
Prasidh on Thursday.
Hideo Okubo said it was the first time the delegation came to Cambodia
to seek business opportunities after they were aware that the country
is politically stable and has a lot of potential for investment.
Cham Prasidh also said the country enjoys political stability,
macro-economic stability and preferential law and regulations for
investors.
Moreover, he said, this Southeast Asian nation has a lot of potential
in the sectors of industry, agriculture, tourism, mining, oil and gas,
energy, transportation and telecommunication.
"Except land ownership, foreign investors can invest up to 100 percent
of their stake in Cambodia -- they have no need to partner with local
investors," he said.
"Investing here, you can get duty free on the exports of your products
to European countries, the United States, China, India and even
Japan," he said.
Japan is one of Cambodia's key donors, however, the country's
investment in Cambodia is still relatively insignificant. According to
the figure of the Council for the Development of Cambodia, from 1994
to the end of 2011, Cambodia received only 154 million U.S. dollars
investment from Japan.
Japanese entrepreneurs eye investment in Cambodia
March 02, 2012
http://english.peopledaily.com.cn/90777/7745672.html
