Cambodia Investment, Trade and Infrastructure Nov
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Cambodia Investment, Trade and Infrastructure November 7th – 8th 2007 InterContinental Phnom Penh Kingdom of Cambodia Conference Final Report With the support and cooperation of: Office of the Prime Minister Office of the Council of Ministers Ministry of Commerce Ministry of Economy and Finance Ministry of Public Works and Transport Council for the Development of Cambodia Conference Co-hosts: ACLEDA Bank United Nations Development Programme International Business Club Lead Sponsors: Comin Khmere / PCS International Finance Corporation / World Bank Jardine Matheson KPMG Sponsors: Sponsors: Cam GSM / Mobitel InterContinental Phnom Penh DFDL Leopard Group GE RM Asia Japan Cambodia Development Corporation Royal Haskoning Sciaroni & Associates Société Concessionnaire des Aéroports TNT Conference Organisers: Media Partners: Dataconsult Ltd Cambodia Television Network Commonwealth Communications Indochina Project Management Interquess: Cambodia Yellow Pages Local Counterpart: Phnom Penh Post Kamia the Secretary Cooperating Organisations: American Cambodia Business Council Franco-Thai Chamber of Commerce American Chamber of Commerce in Thailand French Cambodia Chamber of Commerce ASEAN Business Forum Malaysian International Chamber of Commerce and Industry British Business Association in Singapore Singapore Business Federation British Chamber of Commerce in Thailand Singapore International Chamber of Commerce European Chamber of Commerce in Vietnam Thai Canadian Chamber of Commerce Cambodia Investment, Trade and Infrastructure November 7th-8th, 2007 Contents Page Conference Agenda 3 Speakers and panelists 9 Conference Introduction 11 Inaugural keynote address 12 Investment climate assessment for Cambodia 15 Economic and business outlook for Cambodia 18 Trade and commercial environment 26 Financial, tax and audit, banking outlook 33 Special economic zones and investment opportunities 40 Infrastructure rehabilitation and development opportunities 43 Cambodia’s resource breakthrough: oil, gas and mineral development 48 Sectoral discussion sessions 54 Session 1: Banking, insurance and financial services 54 Session 2: Export processing and international trade 55 Session 3: Infrastructure development 56 Session 4: Electricity, energy, oil and gas 58 Session 5: Transport and distribution 59 Session 6: Manufacturing, SME development and agro-industry 60 Session 7: Tourism industry development 61 Session 8: Law, tax, governance and corporate social responsibility 62 Session 9: Labour, dispute resolution and training 63 Session 10: Real estate and construction 63 Conclusion session 64 Organisers and sponsors profiles 69 Appendix: Conference presentations: • Cambodia: Sustaining Fast Growth • Investment Climate Survey Preliminary Results • IFC: Investing in Frontier Markets • Trade and Commercial Environment • Cambodia’s Financial Sector Development and Policies • Investment Environment in Cambodia • Investing in Cambodia • One of the Best Investment Locations for Relocating of Labour Intensive Industries • Special Economic Zones: Cambodia Aiming for Best Global Practice • Ministry of Public Works and Transport: Infrastructure rehabilitation and development • ADB – Kingdom of Cambodia: partnership in development 2 Dataconsult Ltd InterContinental Phnom Penh Agenda Wednesday, 7th November 2007 7.00 – 8.30 Registration of delegates at InterContinental Phnom Penh 8.30 Inaugural keynote address H.E. Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of Cambodia Session chair: Mr. In Channy, President and Chief Executive Officer, ACLEDA Bank 9.30 Break 10.00 Investment climate assessment for Cambodia Mr. Sin Foong Wong, Country Manager, International Finance Corporation Ms. Charis Woerffel, Social Research Director, Indochina Research Session chair: Mr. Stephane Guimbert, Senior Country Economist, World Bank 10.30 Economic and business outlook for Cambodia Mr. Larry Strange, Executive Director, Cambodia Development Research Institute Dr. Peter Brimble, Managing Director, Cambodia Emerald Ltd Dr. Wong Yit Fan, Managing Director, Country Risk Management, DBS Bank Mr. John Brinsden, Vice-Chairman, ACLEDA Bank Mr. Brett Sciaroni, Senior Partner, Sciaroni & Associates Session chair: Mr. Stephane Guimbert, Senior Country Economist, World Bank 11.45 Lunch 13.00 Trade and commercial environment Keynote speaker: H.E. Senior Minister Cham Prasidh, Minister of Commerce Discussion panelists: Mr. Van Sou Ieng, Chairman, the Garment Manufacturers Association of Cambodia Mr. L-Martin Desautels, Country Managing Director and Partner, DFDL Mr. Jean-Boris Roux, General Manager, R.M. Asia Mr. Hin Wisal, Trade and Private Sector Analyst, United Nations Development Programme Session chair: Mr. Joern Rieken, Team Leader, GTZ Trade Promotion 3 Cambodia Investment, Trade and Infrastructure November 7th-8th, 2007 14.00 Financial, tax and audit, banking outlook Keynote speakers: H.E. Senior Minister Keat Chhon, Minister of Economy and Finance H.E. Ms. Neav Chanthana, Deputy Governor, National Bank of Cambodia Discussion panelists: Ms. Margarete Biallas, Manager, Access to Finance Program, IFC-MPDF Mr. Low Chee Cheong, Executive Director, KPMG Cambodia Mr. Kak Key, President, Kampuchean Institute of Certified Public Accountants Session chair: Mr. Chea Sok, Chairman, ACLEDA Bank 15.00 Break 15.30 Special economic zones and investment opportunities Keynote speaker: H.E. Sok Chenda, Secretary-General, Council for the Development of Cambodia, Secretary-General, Cambodia Special Economic Zone Board Discussion panel: Dr. Shoichi Kobayashi, Chief Executive Officer, Japan Cambodia Development Corporation , Chairman, Japan Development Institute Mr. Geoffrey Walton, Senior Investment Policy Officer, Foreign Investment Advisory Service, World Bank Mr. George Tan, Chief Executive Officer, Colben Energy Session chair: Mr. Steve Bridges, Executive Director, Leopard Group (former British Ambassador to the Kingdom of Cambodia) 16.30 Infrastructure and development opportunities Keynote speaker: H.E. Sun Chanthol, Minister of Public Works and Transport Discussion panelists: Mr. Arjun Goswami, Country Director, Asian Development Bank Dr. Hossein Jalilian, Director of Research, Cambodia Development Research Institute Mr. Jacques Feron, Chief Executive Officer, Société Concessionnaire des Aéroports Session chair: Mr. Pornlert Lattanan, President and National Executive, GE International Operations Company 17.30 End of first day sessions 19.00 Cocktail reception Hosted by ACLEDA Bank, American Cambodia Business Council, and Sciaroni & Associates 4 Dataconsult Ltd InterContinental Phnom Penh Thursday, 8th November 2007 9.00 Cambodia’s resource breakthrough: oil, gas and mineral development Keynote speaker: H.E. Sok An, Deputy Prime Minister Discussion panelists: Mr. Marae Ciantar, Senior Associate, Allens Arthur Robinson Mr. Andrew Symon, Managing Director, Menas Asia Mr. Graham Moir, Manager, Operations and Logistics, Oxiana Mr. Sin Foong Wong, Country Manager, Cambodia, International Finance Corporation Co-chairs: Mr. Stuart Dean, President, GE Southeast Asia Mr. Brett Sciaroni, Senior Partner, Sciaroni & Associates 10.00 Break 10.20 Sectoral discussion sessions Series A: Session I: Banking, insurance and financial services Co-chair: Mr. John Brinsden, Vice Chairman, ACLEDA Bank Discussion panelists: Ms. Margarete Biallas, Manager, Access to Finance Programme, International Finance Corporate-MPDF Mr. Brennan Coleman, Country Deputy Managing Director, Head of General Practice, DFDL Mr. Bradley Gordon, Managing Director, Cambodia Emerald Ltd Mr. Ith Vichit, Partner, Ancora International Mr. Pascal Brandt-Gagnon, General Manager, Asia Insurance Cambodia Mr. Rob Russell, Regional Manager, Financial Solutions, JLT Risk Solutions Asia Mr. Michael Stephen, Chairman, Cambodia Mekong Bank Proceedings recorder: Mr. Yun Potim, DFDL Session II: Export processing and international trade Co-chairs: Mr. Joern Rieken, Team Leader, GTZ Trade Promotion Mr. James Brew, Project Manager, International Finance Corporation Discussion panelists: Dr. Shoichi Kobayashi, Chief Executive Officer, Japan Cambodia Development Corporation & Chairman, Japan Development Institute Dr. Ken Loo, Secretary-General, Garment Manufacturers Association of Cambodia Mr. David Van, Senior Trade Development Expert, Ministry of Commerce Mr. Geoffrey Walton, Senior Investment Policy Officer, Foreign Investment Advisory Service, World Bank Proceedings recorder: Mr. Heng Chhovortey, DFDL 5 Cambodia Investment, Trade and Infrastructure November 7th-8th, 2007 Session III: Infrastructure development Co-chairs: Mr. L-Martin Desautels, Country Managing Director and Partner, DFDL Dr. Peter Brimble, Managing Director, Cambodia Emerald Ltd Discussion panelists: Mr. Jacques Feron, Chief Executive Officer, Société Concessionnaire des Aéroports Dr. Hossein Jalilian, Director of Research Cambodia Development Research Institute Mr. Nida Ouk, Senior Project Implementation Officer, Asian Development Bank Mr. Kevin Treloar, Managing Director, Helicopters Cambodia Proceedings recorder: Mr. Ly Sambo, DFDL Session IV: Electricity, energy, oil and gas Co-chairs: Mr. Andrew Symon, Managing Director, Menas Asia Mr. Dominique Catry, Chairman, Comin Khmere Discussion panelists: Mr. Martijn Coopman, Director, Advisory Group, Maritime Oil and Gas, Royal Haskoning Mr. Olivier Linden, Of Counsel, Sciaroni & Associates Mr. Ashley Phelps, Associate, Allens Arthur Robinson Mr. George Tan, Chief Executive Officer, Colben Energy Mr. Frantz Vaganay, Director, Comin