Cambodian and Thai officials met in Phnom Penh on July 26 to discuss
possibilities to re-boost the two countries’ investment cooperation,
which has been interrupted due to border conflict since 2008.
Speaking at the meeting, Kong Vibol, Vice-Chairman of the Cambodian
Council for the Development, said since 1993, Thailand has been one
of the largest investors in Cambodia . However, due to the conflict,
the country has been surpassed by China , the Republic of Korea and
Vietnam . Thailand now ranks eighth with a total capital of 746
He said as the situation now has returned to normal, it is time for both sides to restore investors’ confidence.
He also highlighted investment potential in Cambodia , especially
in the fields of agriculture, agro-industry, infrastructure,
labour-intensive industry, export industry, oil and gas, mining, and
Thailand sent to the meeting a
delegation of 30 members from various ministries and sectors, aiming to
study Cambodia 's investment policy and potential sectors.
Cambodia and Thailand have had border conflict just a week
after the UNESCO regconised the Preah Vihear temple, which locates in
the two countries’ shared border, as a World Heritage Site on July 07,
However, the tension has been eased recently.-VNA