Cambodia lures foreign investors in Thailand
- Published: 27 Sep 2012 at 16.31
- Online news: Asia
Cambodia is trying to attract foreign investors with manufacturing bases in neighbouring countries, with promises their factories would be safer from flooding.
The Phnom Penh Post reported that Commerce Minister Cham Prasidh is appealing to foreign investors with production bases in neighbouring countries, particularly Thailand, to expand into Cambodia because their factories would be less vulnerable to flooding.
The commerce minister boasted that even though Cambodia also faces floods every year, only rice fields along the Mekong River are affected. Most factories are left untouched.
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