BANGKOK, April 1 (TNA) – Thai investors should take an advantage of the baht's appreciation to invest in Cambodia's construction and manufacturing industries, according to Foreign Trade Department Director-General Apiradee Tantraporn.
Ms. Apiradee, said that a recent visit to Cambodia by a Thai trade and investment delegation as part of the economic cooperation framework of the "Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy" was very fruitful. The delegation comprising representatives of the private and public sectors explored opportunities for trade and investment expansion in Cambodia.
The construction and manufacturing industries in Cambodia are promising, she said, and investment would facilitate Thai product entry into the Cambodian market and boost recognition of Thai products over those of rivals such as China and Vietnam.
The Cambodian economy has grown significantly, with the construction sector expanding at more than 10 percent annually, creating a good opportunity investment. This is especially appealing in that Phnom Penh allows 100 percent foreign investment in projects, according to Ms. Apiradee.
To avoid local resentment, however, she suggested that Thais opt for joint ventures with Cambodian partners.
Ms. Apiradee said that the Association of Thai Businesspersons in Cambodia invited Thai investment now because of the strong baht, noting that the relative strength of the baht would reduce investment costs in that country.
More importantly, she said, investment in Cambodian manufacturing would make Thai product more price-competitive than those of rivals.
Ms. Apiradee, said that a recent visit to Cambodia by a Thai trade and investment delegation as part of the economic cooperation framework of the "Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy" was very fruitful. The delegation comprising representatives of the private and public sectors explored opportunities for trade and investment expansion in Cambodia.
The construction and manufacturing industries in Cambodia are promising, she said, and investment would facilitate Thai product entry into the Cambodian market and boost recognition of Thai products over those of rivals such as China and Vietnam.
The Cambodian economy has grown significantly, with the construction sector expanding at more than 10 percent annually, creating a good opportunity investment. This is especially appealing in that Phnom Penh allows 100 percent foreign investment in projects, according to Ms. Apiradee.
To avoid local resentment, however, she suggested that Thais opt for joint ventures with Cambodian partners.
Ms. Apiradee said that the Association of Thai Businesspersons in Cambodia invited Thai investment now because of the strong baht, noting that the relative strength of the baht would reduce investment costs in that country.
More importantly, she said, investment in Cambodian manufacturing would make Thai product more price-competitive than those of rivals.
4 comments:
To Ms. Apiradee!
Duh! The fucken Thaicong baht traditionally had been stronger than Cambodian riel and the Thaicong had known for years!!!The fact that the Thaicong businessmen don't want to invest in Cambodia because these fucken Thaicong businessmen knew what they had done in Cambodia in the past regarding their fucken bad and shaddy business practices such as using the fucken Thaicong court to solve Thaicong business dispute in the Thaicong businessmen favor or buy out factories or competitor to gain monopoly!!!These fucken Thaicong businessmen behaved like a mafia as if they are the only successful or fearsome people in south eat Asia and worst these fucken Thaicong businessmen even look down on Cambodian culture!!!!!
The fucken Thaicong has no name brand to speak of because I had observed all the fucken Thaicong products everywhere in Cambodia!!!
The only brand names the Thaicong want to brag about are the clone products of American and to extend European !!!Such as lotion, soap, shampoo,toothpaste and cosmetic and many of the stuffs Cambodian can produce themselves anyway!!!
Ms. Apiradee needs to tell all the Thaicong businessmen to invest somewhere else especially in Southern Thailane which are in dire need of economic revitalization! Cambodia don't need the Thaicong or the Vietcong money just get the fuck out!!!!!!
All other countries are welcome!!!!
You can hate the Thai`s, But you must THANK the Thai`s for allowing many, many Cambodian`s to stay there as Refugees during the dark Years. I would embarce the Thai`s more than the Viet.
To stupid ass 1:23AM
The fucken Thaicong allowed to Cambodian refugee to live along the Thaicong border as a fucken buffer zone against the Vietcong!!!
I can assure you without the Cambodian refugee forming the backbone of the resistence force fighting aginst the Vietcong the fucken Thaicong would be living through the fucken nightmare until now!!!ahahahahaha
There is also another reason why the Thaicong allowed Cambodian refugee to settle along Thaicong border because the United Nations pay all the fucken bill for everything to keep these poor helpless Cambodian refugee alive!!The Thaicong can thank the United Nations for making their fucken economy expand in the 1980 and of course the collapse of Cambodian economy!!!
Here another reason! China promise not to support any Thaicong communist movement in exchange for the Cambodian refugee resettlement along Thaicong border!!!!Fair enough?? I think it is fair enough!
What about those Western country who want revenge against the Vietcong for losing the Vietname war???ahahahaha
I will tell you what!!!The fucken Thaicong only do the thing to save their fucken ass from major geopolitical tug of war otherwise the Thaicong would be in deep shit by now!!!ahahahahahhah
I had witnessed many of the fucken Thaicong army abusing and raping Cambodian women, children, and men in the refugee camp and I had seen some of the worst where they even kill Cambodian man in day light!!!!Everytime the fucken Thaicong patrolled inside the fucken refugee camp and they always carried those fucken wipe made from the cow penis!!!!!Yeh..I saw they use it too on helpless Cambodian people and it is fucken brutal!!!
For me to thank the fucken Thaicong, it will never going to happen in this life time because the fucken Thaicong do it for misery of Cambodian people!!!
I like to thank the Phillipine government for treating Cambodian refugee as human!!!!I had the best experience ever living refugee in Phillipine!!!
For 1:23AM, you should go live in Thailane!!!ahahahhaahahh
Man.. I totally agree with ya. Thaicong,haha what u called is just as bad as Vietcong.. if not worst! Down with the Thaicong and long live Khmer! Whats goes around will come around dude.. soon enough it will be their turn to suffer! ;)
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