DEVELOPMENT AND SPECIAL ECONOMIC ZONES IN CAMBODIA ECONOMIC GROWTH AND
DEVELOPMENT Rectangular Strategy Phase 4.0 Lower Upper Low- middle middle income income income country country country CORE STRATEGY
1993 2015 2030 2050
✓ WB2015: 6th fastest growing economy in the world (two decades : 7.7%) ✓ ADB2016: Cambodia as Asia’s New
Tiger Economy
HUMAN HUMAN RESOURCE
✓ Active collaborator in Belt and Road ECONOMIC
SUSTAINABLE SUSTAINABLE
DEVELOPMENT DEVELOPMENT DEVELOPMENT
INCLUSIVE AND AND INCLUSIVE PRIVATE SECTOR PRIVATE Initiative DIVERSIFICATION 58 SEZs approved
•Sanco Poi Pet SEZ •Poi Pet O'Neang SEZ •Poi Pet PPSEZ (work in 39 SEZs with subdecree progress)
23 SEZs are operational
18 SEZs with Special Admin Office
547 projects approved
•Neang Kok Koh Kong SEZ Total investment •Phnom Penh SEZ (4.31 billion USD) •Kerry Worldbridge SEZ • Manhattan Svay Rieng SEZ • Tai Seng Bavet SEZ • Dragon King Bavet SEZ Suspension of VAT on Duty •Sihanoukville SEZ • Shandong Sunshell Svay Rieng SEZ •Sihanoukville Port SEZ • Hi-Park SEZ Free Import (letter No. 3841 •Sihanoukville SEZ 1 • Qi Lu Jian Pu Zhai SEZ MEF dated July 2nd 2019 and •Kampot SEZ • Giga Resource Svay Rieng SEZ •H.K.T SEZ • Intervia Automobile SEZ letter No. 3725 MEF INVESTMENT IN SPECIAL ECONOMIC ZONES
SEZ Investment by year (2015-2020) Total Investment Capital in SEZs st 1,100.00 1,012.25 as of 31 December 2020 (Million USD) 900.00
700.00 Sanco SEZ, 48 Shandong Dragon Hi Park SEZ, 22 Poipet 484.01 Qi L.SEZ, 52 SEZ, 41 K.SEZ, 30 O.SEZ, 15 500.00 442.06 283.00 N.KK SEZ, 75 300.00 236.23 115.00 Manhattan SEZ, 154 100.00 79 99 27 42 47 41 -100.00 2015 2016 2017 2018 2019 2020 Capital No. Project PP.SEZ, 874 Giga SEZ, 170
SEZ Export (2017 – 2019) 19%
20% 18% 15,000 Cam.Zhejiang 17%
% SEZ, 176
15% 13 15% 13% 10,000
10% Tai S.SEZ, 259
17,215
14,823 3,312
12,417 5,000
2,688 11,278
5% 2,123
10,073
1,663
8,542
1,354 1,117 0% 0 2015 2016 2017 2018 2019 2020 S.SEZ, 775 SEZ Cambodia SEZ % INVESTMENT TRENDS
Investment Trend by Sector (2015-2020) Million US$ 9,397.58 9,000 11% 5% 8,250.80 8,000
7,000 25% 6,451.52 19% 6,332.00 6,000
5,000 4,643.50
4,000 3,609.55 17% 22% 3,000 0% 1% 2,000
Agriculture Industry Services 1,012.25
1,000
485.00
442.06
283.25 236.23
Energy Health care Hotel 114.60
8,014.57
5,847.00 6,009.46
4,528.90
8,385.33 3,326.30 0 Tourism centre Tourism 2015 2016 2017 2018 2019 2020 Non-SEZ SEZ Total INVESTMENT TRENDS
BY COUNTRY (FY 2015 – 2020) 10,284.31 10,000
5,000
2,173.71
1,722.42
1,652.37
771.01
680.64
641.12
592.57
502.83
419.19
363.05
310.64
176.88
48.18
20.00 22.55
8.14 4.57 12.00
7.01 0.54 2.52 15.05 2.02 4.00
5.63 5.62
2.40 0.83 6.12
0.39 2.34
0
U.K
USA
UAE Italy
India
China
Japan
Korea
Brunei
Macau
France
Samoa
Canada
Cayman…
Marshal…
Sweden
Maurice
Vietnam
Pakistan
Thailand
Malaysia
Australia
British V.… British
Indonesia
Argentina
Cambodia
Singapore
Seychelles
Philippines
Hong Kong Hong
Netherland
China Teipei China New Zealand New Million US$
BY COUNTRY (FY 2020)
10,000
5,000 4,147.45
1,722.42
1,393.93
262.81
143.83
109.61
105.24
98.54
73.01
46.47
57.30
37.48
33.48
2.52
5.63 2.02
0.83 8.23
0
BVI
U.K
Italy
U.S.A
China
Japan
Korea
Macau
Island
Cayman
Vietnam
Thailand
Malaysia
Argentina
Cambodia
Singapore
Hong Kong Hong
China Taipei China New Zealand New Million US$ ECONOMIC PERFORMANCE
9.80% 1.80%6.80% 7.00% 2021
-1.90% -3.00% -0.50%-2.20% 2020
10.20% 1.806.90%% 7.10% 2019
10.90% 1.80%6.90% 7.50% 2018
9.50% 1.70%7.00% 7.00% 2017
Industries Agriculture Services Real GDP Source: Ministry of Economy and Finance (May 2020) GDP Growth in ASEAN September 2020
5.9 6.5 6.0 6.5 6.3 5.3 4.5 4.5 4.5 3.0 1.4 1.8 1.8
-1.0 -2.5 -4.0 -5.0 -6.2 -7.3 -8.0 Low Debt to GDP Ratio | Low Inflation Rate | Stable Exchange Rate ADB 2020 ADB 2021 Recent reform measures to improve business environment and competitiveness • Despite disrupted by COVID-19, the facilitation mechanism is still put in place. Implemented IT systems that allow investors to lodge investment applications online, QIP Online. • Investment tracking system has been in place to enable investor to track their investment Reforming application. internally increasing friends • Online Notification of the final registration internationally while certificate. preserving independence • National Single Window, the investors will get approval for their master list online. • Investors can also register their company through a common IT platform, which officially launched in the middle of June 2020. OPEN ECONOMY • F&E Treatment (Non-discrimination) • No local equity requirement • Free Transfer
ONE STOP SERVICES PRO-BUSINESS • Streamlining Procedures (Online) • Incentives & Support APPROACH • Aftercare Services
FULL GUARRANTEE • No Nationalisation • No local content requirement • No restriction on FOREX • No capital & price control Thank you
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