ACKNOWLEDGEMENT

Mr. DAVID PHAT

After the decades of civil war, the economy of Cambodia has been completely destroyed. Currently, Cambodia, under the leadership of government led by Prime Minister, H.E. HUN SEN and external assistance from the donor countries, becomes more and more stable and peaceful.

With the abundant natural resources and low labor cost, most of the foreign investors think Cambodia is the last piece of green land in Asia, and it still has a number of potential investment opportunities. However, the reason why they dare not come to invest in Cambodia is due to the lack of information about Cambodian investment environment. In the past, I had checked from the Internet and library in U.S.A., and discovered there were only two pages regarding the information of Cambodia, but it was out of date and negative.

Based on the above-mentioned reason, I think I should make some contributions to our people and country prior to my departure to U.S.A. I, therefore, decide to spend my valuable spare time from my tied schedule to collect the update information to write this economic article entitled Assessment of Cambodian Economy. My sole objective is to help the foreign investors realize the investment environment in Cambodia.

The information is derived from the following;

                  Ø      Economic and Statistic Data in Cambodia

                  Ø      Cambodia Tax Book 2000

                  Ø      Cambodia Tourism Statistical Report 2000

                  Ø      Cambodia Business and Investment Handbook

                  Ø      General Population Census of Cambodia 2000

                  Ø      Cambodian Labor Code

                  Ø      Trade Efficient in Cambodia

                  Ø      Strategic Plans for Agriculture 1997-2001

                  Ø      Newspapers

                  Ø      Regional Economic Integration for Sustainable Development in Cambodia

                  Ø      Cambodian Development Resources

                  Ø      Other Documents …

On this occasion, I would like to express my sincere gratitude to some Ambassadors and Entrepreneurs in Cambodia who have supported and suggested me lots of valuable ideas such as:

-   H.E. YAN TING AI                           Ambassador of the People’ s Republic of China

-   H.E. A. H. ANUAR                           Malaysian Ambassador

-   H.E. MALCOM LEADER                Australian Ambassador

-   H.E. GEORGE EDGAR                  British Ambassador

-   H.E. NORMAND MAILHOT             Canadian Ambassador

-   H.E. MASAKI SAITO                       Japanese Ambassador

-   H.E. FRANCISCO E. ATAYDE        Philippines Ambassador

-   H.E. NGUYEN DUY HUNG              Ambassador of The Socialist Republic of Vietnam  

-   H.E. HARALD LOESCHNER           Ambassador of The Federal Republic of Germany

-   Mr. WIBANARTO                            Head of Economic Department of Indonesia

-   H.E. Dr. THONG KHON                  Secretary of State of Ministry of Tourism

-   H.E. Dr. KHIEU KANHARITH           State Secretary of Ministry of Information

-   H.E. PHU LEEWOOD                      Advisor to H.E. SOK AN

-   Mr. KAIICHI NAKANE                      Senior Investment Advisor of Japan External Trade Organization (JETRO)

-   Mr. TIA SIV HOA                             Manager of Mekong Bank

-   Ms. SENG VANTHA                        Financial Director of SENG Enterprise Company

-   Mr. PETER CHURCH OAM            Managing Director of ASEAN FOCUS GROUP and Writer of Added Value-the Life Stories of Leading South East Asian Business People.

-   Mr. NEIL M. MAZO                         Lawyer of Law Offices MAZO and VIDOR in California, U.S.A.

-   Mr. WOLFGANG KITZ                    Managing Director of SIEMENS Representation Cambodia.

-   Mr. MICHAEL FREEMAN               Regional Vehicle Manager of RM ASIA FORD.

-   Dr. SHIQING XU                              Assistant President & Head of Sericulture Department, SUZHOU University.

-   Mr. MAK MOKADDEM                   General Manager of British American Tobacco Cambodia Ltd.

Especially to my son, Mr. JIMMY PHAT, who has fully supported me and put this article on the Web Site in English version in U.S.A. (Please check http://www.movies4buddies.com), Mr. NGUON SOPHY, my assistant and Mr. CHEN PHAN (The Translator of NEW EPOCH DAILY NEWS) having helped me in typing and translating into Cambodian and Chinese Versions, Mr. MAXI GUNAWAN (Chairman of DEXTER Corporation, Indonesia) and Mr. CHEN TSUNG WEN who have arranged this article on English Newspaper in Jakarta and Internet in Taiwan (First enter http://www.ocac.gov.tw, enter first page then enter http: //www.gcbn.net/headline.asp). I greatly appreciate to all the readers for your full support and encouragement.

                                                          Updated on March 01^st, 2001

                                                                                      Prepared By

                                                                             Mr. DAVID PHAT