Taiwanese businessmen discover new business opportunities in Cambodia
At the "ASEAN Economic Forum", Lord Fang Qiaosheng, who was invited to attend the speech, introduced the investment environment in Cambodia and the development of Taiwanese investment in Cambodia; Professor Ma Kai, a well-known Taiwanese economist and chairman of the Social Enterprise Convention Foundation, made a speech Regarding "Challenges and Opportunities Facing Taiwanese Businessmen in 10 ASEAN Countries"; Professor Xu Zunci, Director of the Research Center of the Association of Southeast Asian Nations in Taiwan, published on "Prospects and Changes in ASEAN Economic Integration"; Professor Huang Zhifang, the former Minister of Foreign Affairs of Taiwan, published on "New Taiwan and ASEAN Development in the 21st Century" Partnership; Datuk Dr. Li Fangxin, Honorary President of the World Federation of Taiwan Chambers of Commerce, published on "Myths and Prospects of Entering the ASEAN Market".
Fang Qiaosheng, Chairman of the Association of Banks: Cambodia's investment policy is open and free
Lord Fang Qiaosheng, Chairman of the Cambodia Banking Association and Chairman of the Construction Association, who was invited to attend the event, told this newspaper that the Asian Taiwan Chamber of Commerce Federation held a series of activities such as the Joint Council of Directors and Supervisors and the ASEAN Economic Forum in Phnom Penh, which will have a positive impact on my country’s economy. .
He said that this time most Taiwanese businessmen from all over the world came to my country for the first time. They may think that Cambodia is an unstable country before, but after they came to my country, they found that the reality they saw was different from before. The idea is the opposite, so there is an opportunity to have a deeper understanding of our country’s actual situation and investment environment.
He said that when Liang Guangzhong, director of the Taipei Economic and Cultural Office in Ho Chi Minh City, delivered a speech at the meeting, he believed that Cambodia is a backup base for Taiwanese investment in Vietnam and a new choice for Taiwanese businessmen to invest overseas.
Lord Fang Qiaosheng, a well-known local entrepreneur, said that he would organize a delegation to Nanning, China to attract investment every year. This time the Asian Taiwan Chamber of Commerce Federation held a conference in Phnom Penh, which attracted hundreds of Taiwanese business leaders from all over the world. It is a good investment opportunity, and this platform should be grasped and used.
Infrastructure and agriculture investment space is large
Lin Zhilong, chairman of the Cambodian Taiwan Chamber of Commerce, told this newspaper that many Taiwanese who came to Cambodia to attend the conference were surprised by Cambodia’s rapid economic development and hope to have the opportunity to invest here.
"When they came, they saw that Cambodia is a place where birds don't lay eggs. Now that the high-rise buildings are covered, they all think Cambodia is a country worth investing in."
During the interview, Li Yaoxiong, president of the World Federation of Taiwan Chambers of Commerce, said that Cambodia has made rapid progress. After the formal implementation of the ASEAN Economic Community, Cambodia, as one of the ASEAN member states, will get a lot of help in exporting products. He believes Taiwanese businessmen should make plans as soon as possible to catch up with this fast-paced train.
Li Yaoxiong believes that the future development of ASEAN is important to Taiwanese businessmen, because ASEAN will become an important economy in the world. ASEAN exports to the United States and the European Union can enjoy many preferential conditions. Many large companies from the world have found ways to invest in ASEAN, especially Cambodia has a good investment environment.
Liu Xuelin, the general counseling director of the World Federation of Taiwan Chambers of Commerce, told this newspaper that Cambodia's infrastructure, construction and agriculture have a lot of room for investment, and they are also worthy of investment by Taiwanese businessmen.
He said that Cambodia not only has fertile land, but also has abundant water resources, which is conducive to the development of rice fields. Taiwan has good agricultural technology and is suitable for investment in agricultural development here.
However, Liu Xuelin, who invests in the construction industry herself, said that she is still watching and inspecting Cambodia's construction industry. At present, Cambodia’s land and real estate are at the lowest level in Southeast Asian countries. The prices of some high-quality construction land, agricultural land, and apartments are still at a relatively low level, and the annual return on investment is about 10-15%. In the capital Phnom Penh area, there are high-end refined apartments and high-end office properties for sale, and foreign investors can obtain freehold property rights. In emerging coastal cities for tourism and vacation, there are also sea-view apartments developed by developers for sale, suitable for living, retirement, or investment. The investment in agricultural land has been mentioned before, so I won't introduce it here. China's early and mature real estate development companies in Cambodia include Tianjin Youlian Group and Wuxi Hongdou Group. Tianjin Youlian Group and the Kingdom of Cambodia have reached a 99-year development and operation agreement on the overall development of the 360 square kilometers of Sihanoukville Port Tourist Resort, which includes the construction of airports, wharves, roads and other infrastructure, as well as five-star hotels, Development and construction of profitable projects such as golf courses, high-level sea-view apartments, resorts, and organic ecological agricultural parks. The Wuxi Hongdou Group develops the industrial park, then sells and leases the land and workshops in the industrial park, and provides integrated services such as industrial and commercial registration, logistics, and customs clearance to the settled enterprises. At present, more than 50 manufacturing enterprises from all over the world have settled in. In addition, there are also Chinese businessmen in Cambodia who purchase local apartments, villas, office buildings, etc. through individual investment, making pure real estate investments.
Box: Advantageous agricultural products of Cambodia:
1) Pepper: Kampot pepper is well-known in Europe, France, Italy and other countries are the main exporters of Cambodian pepper.
2) Rice: The rice produced in Cambodia is original organic rice. Except for a small amount imported from European countries, after the Thai company purchases it, it is packaged into Thai fragrant rice and sold to other countries. Little known in China, the market potential is huge. For large-scale planting of more than 1,000 hectares, you can enjoy tax relief
3) Vegetables: Due to backward planting technology and insufficient planting area, Cambodian vegetables cannot be self-sufficient. 40% are imported from Vietnam and Thailand. Therefore, vegetable cultivation is promising. Vegetable planting projects of more than 50 hectares can enjoy tax reduction or exemption within the scope of policy encouragement (for details, please refer to the Annex of the Investment Law of the Kingdom of Cambodia)
4) Agricultural land investment: The price of agricultural land is about RMB 2000-3000/ha (1 hectare = 15 mu), and about 150 mu of land can be purchased. Take a piece of farmland in Battambang Province as an example: 32,000 square meters (about 50 acres) with 1,050 orange trees and 300 mangoes, sold at a price of 40,000 US dollars (240,000 yuan). The owner hurriedly spent money and sold it at a low price. Compared to domestic land, it is already very cheap, and domestic land can only be circulated, cannot be bought or sold, and has no freehold property rights.