The government has called for more special economic zone developments along the Vietnam border to attract more foreign direct investment.
Speaking at the inauguration of Vietnam-funded border market in Pboung Khnum province this week, Prime Minister Hun Sen said the government wants more special economic zones in the region.
“I want to see the establishment of more special economic zone along the Cambodia-Vietnam border – and with more industrial parks there will be more foreign direct investments, especially Vietnam investors looking to invest our country,” he said.
He noted that the Kingdom now boasts two provinces that host special economic zones along the border-crossing with Vietnam including Thary, Tboung Khmum Special Economic Zone located in Tboung Khmum province, about 1 kilometre from the nearest Cambodia-Vietnam border crossing, and special economic zones (SEZs) in Svay Rieng province’s Bavet town that is home to a lot of factories and manufacturing companies.
There are three SEZs active in Bavet and one in the province’s main city. They are Qilu (Cambodia) SEZ, Manhattan (Svavy Rieng) SEZ, Tai Seng (Svay Rieng) SEZ and Giga Resources (Svay Rieng) SEZ. Lim Heng, vice-president of the Cambodia Chamber of Commerce, said that establishing more SEZs along the border is a means to lure investment into the country providing incentives, enhancing transparency and promoting fair competition.