Logo of Phnom Penh Post newspaper Phnom Penh Post - The Gecko: 08 April , 2005

The Gecko: 08 April , 2005

The Gecko: 08 April , 2005

A

visit to neighboring Vietnam is always a wake-up call. What follows are excerpts

from recent issues of English-language publications there.

"FDI inflow reaches 10-year high: Vietnam attracted US$1.73 billion in foreign

direct investment (FDI) in the first quarter, more than double the figure for the

same period last year and the highest amount in 10 years. Figures from the Ministry

of Planning and Investment show that 109 new projects with a combined capital of

US$1.31 billion were licensed in the first quarter, nearly triple the figure for

the same period last year." Saigon Times, April 2, 2005.

"Foreign sector helps exports top $6.7b: Viet Nam has achieved US$2.5 billion

in export turnover during the month of March, reported the General Statistics Office

(GSO). This month's export turnover has brought the total for the first three months

to $6.7 billion or an increase of 16.2 per cent against the same period last year....The

foreign invested sector led the growth, expanding its exports by 21.5 per cent to

$2.2 billion while the domestic sector rose 6.6 per cent to $3 billion. ...Exports

of electronics and computer goods soared 45.3 per cent to $311 million, seafood products

increased 8 per cent to $480 million ..." Viet Nam News, March 28, 2005.

"Fraud fight to help business: A new decree lays out specific penalties for

civil servants who violate the law or abuse their powers, a move analysts predict

will improve Vietnam's business environment. The decree, which was approved on March

17 but will not become effective until 15 days after it is printed in the government's

official gazette, threatens punishment ranging from an official reprimand to termination

of employment." Vietnam Investment Review, March 28, 2005.

"Car sector off to races: The decision to grant Honda Vietnam (HVN) an automobile

production licence should open up the country's highly protected vehicle industry

to greater competition. As the licence will enable HVN to start rolling out four-to

nine-seat cars, with the manufacturer hoping to begin production by mid-2006, the

country's 11 automobile manufacturing joint ventures will be fine-tuning their business

and production plans. ... The 11 existing car assemblers hold a combined $560 million

in capital for their Vietnamese operations, with sales hitting more than 40,000 units

last year." Vietnam Investment Review, March 28, 2005.

Go have a look. The bus trip from Phnom Penh to Ho Chi Minh City is now only six

hours. Once you cross the Mekong at Neak Leung, it's clear sailing on new highway

all the way to the border.

MOST VIEWED

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the

  • Defence Ministry denies weapons in smuggling case came from Cambodia

    After a Thai national was arrested last week for allegedly smuggling guns from Cambodia to Thailand, Cambodia's Defence Ministry has claimed the weapons seized during the arrest are not used in Cambodia, despite the fact that both types of rifle seized are commonly found in

  • Shipwreck found off coast of Koh Kong

    Royal Cambodian Navy researchers are working to identify a decades-old shipwreck found earlier this month off the coast of Koh Kong province. Divers found the 70-metre-long wreck on April 4 about a mile from Koh Chhlam island, according to Navy officials. Deputy Navy Commander Tea Sokha,