Washington
29 December 2009
Cambodia has so far been unable to court long-term investors from the West and is instead looking toward Asia and neighboring countries, a leading economist said Monday.
“It seems we have not attracted big, developed countries, such as Japan, the US and the EU,” said Chan Sophal, president of the Cambodian Economic Association. “They may not have clear confidence in putting capital in for long-term investment.”
China, South Korea and Vietnam have shown more trust, he said. “In Vietnam, there is a imilar situation—climate, land, labor management—so they are confident that if they can do it in Vietnam, they can do it in our country,” he said.
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