Cambogia, supplementary production base
Cambodia draws attention as supplementary production base for Thailand and Vietnam. Foreign direct investment continues to boom not only at Phnom Penh but also at new regional center. Reasons 20-30% lower wage vs Vietnam (wage of Phnom Penh is half the level of Chinese coastal areas, a third of those in Bangkok) No tariff on exports to western markets as most favored nation status with US and Europe since 1996 (that's why sewing and shoes makers are so concentrated) End of long civil war in 1991 (Paris Peace Agreement) Cheap land (land cost of Bavet <outside special economic zone> is one fifth of Ho Chi Minh) Rising wages in surrounding nations Its consumer market is growing attractive possible set back political situation Companies moving in PPSEZ AEON, Densor (sensor parts for magneto), Nippon Seimitu Kikai Tenants includes... Japanese (35 mfrs, most are auto part mfrs), Taiwanese, South Korean, ASEAN companies 62 companies as of Sep 2013 In 2012,...