In conjunction with Thai Prime Minister Chuan Leekpai's visit to Cambodia,
the Thai Board of Investment hosted a seminar in Phnom Penh on Jan 13 entitled
"New Dimension of Cambodia's Investment Environment."
The one-day event,
held at the Cambodiana Hotel, brought together over 150 members of the Thai
private sector to look at current and future investment opportunities in
Participants included the 55-member private sector delegation
who accompanied Chuan on his visit to Cambodia, representing Thai industries
such as furniture-making, food processing and other light industries both from
Bangkok and other provinces in Thailand.
Members of the Thai business
community currently operating in Cambodia were also in attendance.
no official figures on the size of current Thai investment in Cambodia were
available, the Thai embassy in Phnom Penh lists more than 100 Thai-registered
companies operating in Phnom Penh and other provincial
Thai-owned banks head the list of foreign banks with 10
currently maintaining operations in Phnom Penh. Other business sectors with
significant Thai ownership include hotels (15), restaurants (17), import-export
firms (18), manufacturing (11), and travel agencies (8).
Speakers at the
seminar included Cambodia's Minister of Economics and Finance Sam Rainsy,
Minister of State in charge of Development and Rehabilitation Keat Chhon,
National Bank Governor Thor Pengleath, Minister of Industry Pou Sothirak and
Minister of Tourism Veng Sereyvuth.