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

  • Over $3M in traffic fines collected in two months

    Traffic police officers collected over $3 million in fines throughout the Kingdom during the past two months when officers strictly enforced the law in accordance with a May sub-decree, officials said. As incentives, law enforcement officers received between 200,000 and two million riel ($50 to $500) each. The figures

  • More than 10,000 workers suspended

    More than 10,000 workers at 18 factories in Svay Rieng province have been suspended because of Covid-19, said provincial deputy governor Ros Pharith. Home to 11 special economic zones, Pharith said Svay Rieng has not been spared as the pandemic takes a toll on the global economy. “There

  • Oz lauds Kingdom’s passage of money laundering laws

    In a press release published by the Australian embassy in Phnom Penh on Monday, the country applauded Cambodia’s stance on transnational crimes as well as its promulgation of an anti-money laundering law and a law on combating proliferation financing. The praise came after King

  • Lotus face masks designed to cover globe

    A French designer in Cambodia has produced ecological face masks from lotus fibre to supply local and international markets with an eye on preserving ancestral techniques and supporting Cambodian women in rural communities. During a trip to Asia, Awen Delaval, an eco-friendly fashion designer, was

  • Accused not treated equally, says CCHR

    The Cambodia Centre for Human Rights (CCHR) has urged the Court of Appeal to do more to ensure that an accused’s right to a fair trial is fully respected. In a bulletin released on Monday, the CCHR said it had monitored 273 cases at the

  • Fish, frogs to boost local food supply

    The government has disbursed more than $4.5 million to boost aquaculture production and domestic market supply amid the Covid-19 pandemic. Minister of Agriculture, Forestry and Fisheries Veng Sakhon told The Post on Monday that in boosting agricultural production, the ministry has received financing from development partners

  • Planning ministry hands out cash to 420,000 poor families in Kingdom

    The Ministry of Planning has identified 20,000 more poor families in the country, bringing the total to over 580,000, while over 420,000 of them have received the government’s cash assistance. In the meantime, many social security cards from families not deemed to be poor have been revoked.

  • Nature in focus at inaugural film and photo festival

    The first Cambodian Wildlife Photo and Film Festival – an event celebrating the conservation of nature through the eyes of wildlife photographers, nature enthusiasts and conservation experts – is scheduled for July 18-26 at Fauna in Focus’ Nature Discovery Centre in Siem Reap. The festival will be

  • Investors’ $14.4M projects approved

    New investments from local and foreign sources continue to pour into Cambodia despite the Covid-19 pandemic remaining a lingering threat to regional and global economies. This comes as the Kingdom’s gross domestic product (GDP) is expected to contract between one and 2.9 per cent this

  • NagaWorld casinos set to reopen, schools to follow

    NAGACORP Ltd has requested that it be allowed to reopen its NagaWorld integrated resorts in Phnom Penh after the government recently approved casinos to operate again, provided they follow Covid-19 prevention measures set by the Ministry of Health. Mey Vann, the director-general of the Ministry