PHNOM PENH, Cambodia, May 9 (UPI) -- Cambodia may well be the next hot destination for U.S. businesses looking to invest in Asia. The U.S.-ASEAN Business Council, which lobbies on behalf of some of the biggest multinational corporations with interests in Southeast Asia, has sent a delegation to the country this week to seek new investment opportunities in Cambodia. During their daylong tour Wednesday, nine U.S. executives will meet with Telecommunications Minister So Khun as well as State Secretary Kao Kim Hourn and Health Minister Nuth Sokhom, amongst others. "Our delegation is here to deepen existing economic ties between the U.S. and Cambodia and to explore new opportunities. We know Cambodia is experiencing unprecedented growth. We believe our corporations bring the wherewithal to help sustain the growth in ways that will strengthen Cambodia," said Frances Zwenig, counselor of the Council and delegation leader. The businessmen taking part are representing ConocoPhillips, General Electric Company, Federal Express, ITT Defense and Oracle. Source: http://www.upi.com/International_Intelligence/Briefing/2007/05/09/cambodia_may_be_next_asian_tiger/
"if the hard-working Vietnamese sew the rice, Cambodia's creative types would plant it in pretty rows, while their relaxed Laotian neighbours watch it grow."
I think Laos does not have enough motivation `cos people in laos have enough to eat and in the other hand , it is a land locked country and faces many problems for exporting its goods.
Don't use the word "landlock" We are not landlock anymore We are landlink see Switzerland as the example does the economic related to landlock or not landlock?
Yes, it does : you have to pay fees and warehouses cost when you export goods to other countries via bangkok, hanoi, cambodia... and vice versa ...imagine you have your own access to the sea, how many dollars you could save and what a great opportunity you could have against your competitors....
and see how many tons of sea food you could get from the sea annualy ? how many us dollars you could do by exporting this goods ? and how many kips you could get from tourism system ? ...
And how many million dollars we can get from trade along the borders, the transport of products, let's say from Thailand to Vietnam, thailand to china and vis versus. How many million of foreigners will visit Laos, because we have borders with so many countries. For seafood, I eat at least onlyonce a year.
Laos has our own port and big warehouse in Da Nang, Vietnam. We can easily export products to the world. Laos has a lot of natural resources and very cheap labors. Investment in Laos is a golden oppotunity for the smart investors.
You can not change the history and geography. Laos has no seaport, that's the fact. Complaining to have a port is useless, but concentrating on improvement things we have now is the thing we should emphasize on, such as the road network.
Laos is growing at its own pace. It is only a few steps behind Cambodia. One reason why Cambodia is growing is that Cambodians abroad, like the U.S. still have strong ties to Cambodia. I got off the phone with my Cambodian friend just now, and I brought this article up to him.
He said they found petroleum in Cambodia. They held a meeting in Oklahoma about it.
Also metal working. My friend said that metals always have to be bought from Thailand or Vietnam, but folks in America are helping to train metal workers so Cambodia can depend on herself.
You can only do and say so much. I feel obligated to go to Laos and bring with me the education I received in America, and in fact I am. My courses I take in school are aimed solely towards an international career.
I kinda agree with above posted. But to say that Lao abroad didn't have strong ties with Laos, that's incorrect. I know that many Lao abroad went back to Laos to do business there. I think the reason Laos is growing slow is because Lao population is small compare to Cambodia. We have more poor people than rich people. Many people would like to invest, but didn't have enough money to do so.
Anyway since our small mumber of population, but now we are building a big industry such Eletrict power, mining..... Therefore when near future our economic become stronger, we will have a better condition than many countries to solve the social affairs or problems.
Because now in many stronge economic countries face with very difficult problems because of so high number of population, because they do not have house and land to do the money. in Laos, even now we are poor country, but such problem our govenment have resolved properly. most of Lao citizen firstly must have land for house and for farm. and importantly our farmers have no debt with their government, so they enjoy their freedom. that is the most important fact of sustainable development. However we still lack experiecnce fund of development, that why now government have allowed and promoted the foreighner investment to learn to the necessary knowledge from them and also to get the factory from them after they get their benefit as contract. and govenment also promot our young students to study oversea, regardless what countries, and also welcome Laoabroad who still have good intention to develop our country. Consequently, Laos will be a strong economic country without servere problems because of too crowded population in near future.
Laos is going to knock Thailand in next 5 years after becoming an importont gate to South China.Cuz there is no Thai leader dare to do like Taksin did anymore,so Thai leader will only keep his routine jobs only.
Hi all those who comments here, in fact Laos should not be compare with Cambodia. It's different between the two countries, and different development strategies. I have to say to those who under estimate Laos without seeing other side of the coin. Have you ever go to Cambodia, one thing to ponder is that Cambodia is dollarized country: you dont need to carry Cambodian currency to buy every thing you need there. You can also withdraw dollar cash from banking machine. I think it's quiet early to say whether it is tiger or not, think twice why U.S said that, before you turn to talk about Laos buddies. Any how, I have nothing against Cambodia.
sabaidee! yeah, we shouldnt compare with others, just do our best and be happy! more rich people in Cambodia by the way more poor people as well. thats i saw when i lived in phnom penh over a year!
dont worry Laos will go faster than others soon who's know. I hope our PM will do his best for LAOS! cheers!
I think the strategy of having the rich first is not a bad one.. let see China or Vietnam,. more and more people become rich,. that is call development,. you can not just have people all the same (and Laos all the same poor),.. China leader once said,.. stop being stay still,. we cannot all poor,. just let them to rich first,. and we'll deal with the poor later,. with a very few population in Laos,, it is so hard to develop in this country,. on one want to come to sell a pair of 5 million shoe to Lao people while to her neighbors they can sell millions of shoes,.
PHNOM PENH, Cambodia, May 9 (UPI) -- Cambodia may well be the next hot destination for U.S. businesses looking to invest in Asia. The U.S.-ASEAN Business Council, which lobbies on behalf of some of the biggest multinational corporations with interests in Southeast Asia, has sent a delegation to the country this week to seek new investment opportunities in Cambodia. During their daylong tour Wednesday, nine U.S. executives will meet with Telecommunications Minister So Khun as well as State Secretary Kao Kim Hourn and Health Minister Nuth Sokhom, amongst others. "Our delegation is here to deepen existing economic ties between the U.S. and Cambodia and to explore new opportunities. We know Cambodia is experiencing unprecedented growth. We believe our corporations bring the wherewithal to help sustain the growth in ways that will strengthen Cambodia," said Frances Zwenig, counselor of the Council and delegation leader. The businessmen taking part are representing ConocoPhillips, General Electric Company, Federal Express, ITT Defense and Oracle. Source: http://www.upi.com/International_Intelligence/Briefing/2007/05/09/cambodia_may_be_next_asian_tiger/
So 3 years after this post Chevron is in the progress of drilling the Cambodian oil south Korea also is the progress of building the Hyundai auto assembly and other electronic assembly and the European and Singaporean investors and Canadian bank give loans for the Cambodian real states and also Cambodian stock market has already been opened......so let wait and see Cambodia on the run now....how high would Cambodia be...So could Laos be next ?
Yes , Laos does not have the way to the sea so do Austria, Luxembourg and Switzerland . Sea port is import but Laos could past by that problem if Lao people are well educated and become professional skill workers. It depends on Lao leader to educated the Lao people and turn Lao people to be skill workers and fit for the hi tech work of the future . So far Lao people choice are only to be farmers and hard labour of none skill workers. It is sad but it is the truth . Lao people don't need to think and make any decision because all the decisions and all the thinking are made for all the people by Lao government already. That is why Lao government spend very little money on education.
PHNOM PENH, Cambodia, May 9 (UPI) -- Cambodia may well be the next hot destination for U.S. businesses looking to invest in Asia. The U.S.-ASEAN Business Council, which lobbies on behalf of some of the biggest multinational corporations with interests in Southeast Asia, has sent a delegation to the country this week to seek new investment opportunities in Cambodia. During their daylong tour Wednesday, nine U.S. executives will meet with Telecommunications Minister So Khun as well as State Secretary Kao Kim Hourn and Health Minister Nuth Sokhom, amongst others. "Our delegation is here to deepen existing economic ties between the U.S. and Cambodia and to explore new opportunities. We know Cambodia is experiencing unprecedented growth. We believe our corporations bring the wherewithal to help sustain the growth in ways that will strengthen Cambodia," said Frances Zwenig, counselor of the Council and delegation leader. The businessmen taking part are representing ConocoPhillips, General Electric Company, Federal Express, ITT Defense and Oracle. Source: http://www.upi.com/International_Intelligence/Briefing/2007/05/09/cambodia_may_be_next_asian_tiger/
So 3 years after this post Chevron is in the progress of drilling the Cambodian oil south Korea also is the progress of building the Hyundai auto assembly and other electronic assembly and the European and Singaporean investors and Canadian bank give loans for the Cambodian real states and also Cambodian stock market has already been opened......so let wait and see Cambodia on the run now....how high would Cambodia be...So could Laos be next ?
So 3 years after this post Chevron is in the progress of drilling the Cambodian oil south Korea also is the progress of building the Hyundai auto assembly and other electronic assembly and the European and Singaporean investors and Canadian bank give loans for the Cambodian real states and also Cambodian stock market has already been opened......so let wait and see Cambodia on the run now....how high would Cambodia be...So could Laos be next ?
IF THAKSIN CONTINEU TO ADVICE HUN SEN
Thaksin also sell his cell phone network in Myanmar , Cambodia and Singapore and India so Thaksin is richer and earns more money than when he was Thai prime minister. Thaksin also invested his money in Singaporean companies to invest in Cambodia. Just wonder if Thaksin would like to invest his money in Laos , should Lao government allow him to invest or not ? Thaksin could create a lot of jobs for Lao people but I doubt it that Lao government does not want to have any conflict with Abhisit government. May be untill the red shirt regim win the next election.
Yes , Laos does not have the way to the sea so do Austria, Luxembourg and Switzerland . Sea port is import but Laos could past by that problem if Lao people are well educated and become professional skill workers. It depends on Lao leader to educated the Lao people and turn Lao people to be skill workers and fit for the hi tech work of the future . So far Lao people choice are only to be farmers and hard labour of none skill workers. It is sad but it is the truth . Lao people don't need to think and make any decision because all the decisions and all the thinking are made for all the people by Lao government already. That is why Lao government spend very little money on education.
CAN LAOS COMPARE TO SWITZERLAND,THE COUNTRY MOST HEAD ORGANIZATIONS ARE THERE THAT MOST IMPORTANT THAN SEAPORT AND THAT THE SPECIAL STATE,AND FOR THE TWO OTHERS THAT JUST EVERAGE STATE IN EUROPE
Yes , Laos does not have the way to the sea so do Austria, Luxembourg and Switzerland . Sea port is import but Laos could past by that problem if Lao people are well educated and become professional skill workers. It depends on Lao leader to educated the Lao people and turn Lao people to be skill workers and fit for the hi tech work of the future . So far Lao people choice are only to be farmers and hard labour of none skill workers. It is sad but it is the truth . Lao people don't need to think and make any decision because all the decisions and all the thinking are made for all the people by Lao government already. That is why Lao government spend very little money on education.
CAN LAOS COMPARE TO SWITZERLAND,THE COUNTRY MOST HEAD ORGANIZATIONS ARE THERE THAT MOST IMPORTANT THAN SEAPORT AND THAT THE SPECIAL STATE,AND FOR THE TWO OTHERS THAT JUST EVERAGE STATE IN EUROPE
No but Laos could take Switzerland , Austria and Luxembourg as the model how they educated their people . Well , then let take a look at south Korea and Singapore how they could developed and turn their countries from poor and poverty to the modern and rich countries in only few decades after the war. Their leaders are well educated and intelligent and invested very heavily on education and turn their people from low educated people to well educated and skill workers. South Korean and Singaporean are just human like Laotian nothing more and nothing less so do the people from Switzerland , Luxembourg and Austria. They are nothing but human.
Yes , Laos does not have the way to the sea so do Austria, Luxembourg and Switzerland . Sea port is import but Laos could past by that problem if Lao people are well educated and become professional skill workers. It depends on Lao leader to educated the Lao people and turn Lao people to be skill workers and fit for the hi tech work of the future . So far Lao people choice are only to be farmers and hard labour of none skill workers. It is sad but it is the truth . Lao people don't need to think and make any decision because all the decisions and all the thinking are made for all the people by Lao government already. That is why Lao government spend very little money on education.
CAN LAOS COMPARE TO SWITZERLAND,THE COUNTRY MOST HEAD ORGANIZATIONS ARE THERE THAT MOST IMPORTANT THAN SEAPORT AND THAT THE SPECIAL STATE,AND FOR THE TWO OTHERS THAT JUST EVERAGE STATE IN EUROPE
No but Laos could take Switzerland , Austria and Luxembourg as the model how they educated their people . Well , then let take a look at south Korea and Singapore how they could developed and turn their countries from poor and poverty to the modern and rich countries in only few decades after the war. Their leaders are well educated and intelligent and invested very heavily on education and turn their people from low educated people to well educated and skill workers. South Korean and Singaporean are just human like Laotian nothing more and nothing less so do the people from Switzerland , Luxembourg and Austria. They are nothing but human.
USED ALL OF THOSE FOR THE MODEL JUST FINE ,THE NEX UP TO THE LEADER AND PEOPLE HOW SERIOUSLY FOR THE PEAK TO THAT STAGE AS WANT
Yes , Laos does not have the way to the sea so do Austria, Luxembourg and Switzerland . Sea port is import but Laos could past by that problem if Lao people are well educated and become professional skill workers. It depends on Lao leader to educated the Lao people and turn Lao people to be skill workers and fit for the hi tech work of the future . So far Lao people choice are only to be farmers and hard labour of none skill workers. It is sad but it is the truth . Lao people don't need to think and make any decision because all the decisions and all the thinking are made for all the people by Lao government already. That is why Lao government spend very little money on education.
CAN LAOS COMPARE TO SWITZERLAND,THE COUNTRY MOST HEAD ORGANIZATIONS ARE THERE THAT MOST IMPORTANT THAN SEAPORT AND THAT THE SPECIAL STATE,AND FOR THE TWO OTHERS THAT JUST EVERAGE STATE IN EUROPE
No but Laos could take Switzerland , Austria and Luxembourg as the model how they educated their people . Well , then let take a look at south Korea and Singapore how they could developed and turn their countries from poor and poverty to the modern and rich countries in only few decades after the war. Their leaders are well educated and intelligent and invested very heavily on education and turn their people from low educated people to well educated and skill workers. South Korean and Singaporean are just human like Laotian nothing more and nothing less so do the people from Switzerland , Luxembourg and Austria. They are nothing but human.
USED ALL OF THOSE FOR THE MODEL JUST FINE ,THE NEX UP TO THE LEADER AND PEOPLE HOW SERIOUSLY FOR THE PEAK TO THAT STAGE AS WANT
Well , Lao must try and better than to lay down and die ....
Cambodia is on its way to fast track development, but "on its way". They need to work on a lot of stuff where they have to start with their own capital (Phnom Penh) which feels absolutely "left behind: compared to the developments they shower on Siem Reap. The "next asian tiger" just might have to wait for 2 decades more.
Cambodia is on its way to fast track development, but "on its way". They need to work on a lot of stuff where they have to start with their own capital (Phnom Penh) which feels absolutely "left behind: compared to the developments they shower on Siem Reap. The "next asian tiger" just might have to wait for 2 decades more.
Don't understand your comment. Why need to wait for two more decades? What message you refer to Siem Reap?
Please elaborate a little more.
To my knowledge, Cambodia is on the right track now. Not too long, this country will catch up with few countries like the Philippine, Vietnam, and Indonesia.
We are laid back people, never worry, easy come easy go, earn 10000 kip we spend 10,000 kip, love beer Lao, like borrowing money, like spending money. We are lazy.
^^ Sounds like you haven't been there yet, there are lots of ATMs in Phnom Penh and Siem Reap, You can even use credit cards on them.
Yes I been there and stay at Ta Phrom Hotel in Siemriep then my 2nd time stay at Le Meridien Ankor in Siemriep. In Phnom Penh I stay at The Quay hotel near the river it nice design hotel
Probably, I didn't go for the drawing the money. I'm scare of everything in Canmobodia, I just feel unsafe there. Most of them waiting to cheating me all the time. And I never buy such an expensive bottle of water which cost me USD 1. D a m n it!!
^^ Sounds like you haven't been there yet, there are lots of ATMs in Phnom Penh and Siem Reap, You can even use credit cards on them.
Yes I been there and stay at Ta Phrom Hotel in Siemriep then my 2nd time stay at Le Meridien Ankor in Siemriep. In Phnom Penh I stay at The Quay hotel near the river it nice design hotel
Probably, I didn't go for the drawing the money. I'm scare of everything in Canmobodia, I just feel unsafe there. Most of them waiting to cheating me all the time. And I never buy such an expensive bottle of water which cost me USD 1. D a m n it!!
Come on. Are you thief? Why do you scare of people? You do something bad and scare of them recognizing you...?
Never to scare if you are a good person. You said like you never been to Cambodia. I bet you just google to find the name of hotels and post here.
To correct you, there are countless ATMs in Phnom Penh and many in Siem Reap province.
Things is not such as expensive as you mentioned unless you try to buy some elegant brands like Avian or other super brands. It is expensive everywhere , not just in Cambodia. E.g. Where can you buy a cheap an Iphone with a cheaper price? It is expensive everywhere.
I'm scare of Cambodia as their looks so dark and unclean skin. Yes, there is lots of bottle of water there but I trust only Avian or Thailand's import but local brand still look ugly and unsafe to drink.
I'm scare of Cambodia as their looks so dark and unclean skin. Yes, there is lots of bottle of water there but I trust only Avian or Thailand's import but local brand still look ugly and unsafe to drink.
Come on, what the problem with dark skin? Don't scare them. They are just friendly, honest and somehow innocent.
Welcome to Cambodia. If somehow you scare of local products, then buy the brands you like. It is available almost every super store.
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