In the morning of 9th June, 2016, H.E Dr. Kun Nhim – Director-General of General Department of Customs and Excise of Cambodia led the customs and excise delegates to visit in Phnom Penh Special Economic Zone (Phnom Penh SEZ) on the purpose of finding out investment environment and production activities in PPSEZ, and wanting to facilitate those operators as well as reinforce the practice of applicable customs procedures in this economic zone.
In this visit, H.E Dr. Kun Nhim had a town hall meeting with the investors in the zone to promote the government’s encouragement policy to investors and proposed to have more investment in the special economic zone. In that special occasion, H.E. also visited the production of three factories – (1) electronic product factory – Minebea (Cambodia), (2) milk product factory – Angkor Diary Products, and (3) Diamond polishing factory – Laurelton Diamond (Cambodia).
In the size of 357 hectares, there are now 77 companies in Phnom Penh Special Economic Zone operating over many main sectors such as precision electronic, automotive industry, diamond polishing, milk, beverages, garment, shoes, animal feed, and … etc. PPSEZ created jobs more than 18, 000 posts and provided the customs tax income to the national budget approximately 5, 000, 000 dollars in 2015. Moreover, in this first term of 2016, the customs tax income collected from this special economic zone is approximately 1.9 million dollars which is increased at 76.34% comparing to the same period in 2015. In addition, the special economic zones nationwide have been equipped by Automated System for Customs Data-ASYCUDA to facilitate customs procedures for import – export since June 2015.
Creating special economic zones is an important part of the government’s long period economic development strategy to increase economic growth sustainably through improving investment environment especially attracting Foreign Direct Investment (FDI), pushing and increasing export, and creating jobs for Cambodian citizens.