Showing posts with label Foreigners allowed to own lands. Show all posts
Showing posts with label Foreigners allowed to own lands. Show all posts

Monday, January 21, 2008

Opposition concerned about law allowing foreigners to buy and own land properties

Monday, January 21, 2008
Everyday.com.kh
Translated from Khmer by Socheata

SRP MPs expressed their concerns about the National Assembly plan to amend the law to allow foreigners to buy lands in Cambodia, and privately own them. Ngo Sovann, Svay Rieng SRP MP, told RFA on Saturday that he and the SRP do not support any amendment to the law governing land ownership because he said that this law could be a serious danger to the Nation. “If we allow foreigners to buy lands in Cambodia, we are concerned about foreigners, such as Vietnamese businessmen coming to buy lands in Cambodia. If they (Vietnamese businessmen) could buy a lot of lands along the border, after a while, this lands become theirs,” Ngo Sovann said. However, Nuth Narang, the secretary of state of the minister of Land Management, Urban Planning & Construction told The Phnom Penh Post newspaper that this amendment to the law will be made with the intention of attracting foreign investors, and it will not make Cambodia lose anything at all, it will serve the Cambodian economy also.