| English.news.cn 2013-09-20 17:50:41 |
   
 
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PHNOM PENH, Sept. 20 (Xinhua) -- Cambodian Ministry of Commerce said
Friday that it had issued operating licenses to 1,952 new companies in
the first eight months of the year, down 15 percent compared with the
2,300 firms over the same period last year.
During the January-August period this year, the ministry had registered 963 foreigner-owned firms, down 12 percent compared with the same period last year, and 989 Cambodian-possessed companies, down 18 percent.
Foreign companies are mostly run by Chinese, South Koreans, Japanese, Malaysian and Vietnamese and operate businesses in garment and textile, footwear, agriculture, agroindustry, tourism, and construction.
Kong Putheara, chief of the ministry's statistics and planning department, attributed the decline to political impasse after the July 28 election.
"However, I am optimistic that more companies will open in the country when a new government is formed," he said.
The country held a general election on July 28. The official results showed that the ruling Cambodian People's Party (CPP) of long-ruling Prime Minister Hun Sen won 68 out of the 123 parliamentary seats, and the Cambodia National Rescue Party (CNRP) of long-time opposition leader Sam Rainsy got 55 seats.
But the opposition rejected the outcomes, claiming serious vote fraud and announcing to boycott the opening session of new parliament scheduled on Monday next week if there was no an appropriate solution to the alleged poll irregularities.
During the January-August period this year, the ministry had registered 963 foreigner-owned firms, down 12 percent compared with the same period last year, and 989 Cambodian-possessed companies, down 18 percent.
Foreign companies are mostly run by Chinese, South Koreans, Japanese, Malaysian and Vietnamese and operate businesses in garment and textile, footwear, agriculture, agroindustry, tourism, and construction.
Kong Putheara, chief of the ministry's statistics and planning department, attributed the decline to political impasse after the July 28 election.
"However, I am optimistic that more companies will open in the country when a new government is formed," he said.
The country held a general election on July 28. The official results showed that the ruling Cambodian People's Party (CPP) of long-ruling Prime Minister Hun Sen won 68 out of the 123 parliamentary seats, and the Cambodia National Rescue Party (CNRP) of long-time opposition leader Sam Rainsy got 55 seats.
But the opposition rejected the outcomes, claiming serious vote fraud and announcing to boycott the opening session of new parliament scheduled on Monday next week if there was no an appropriate solution to the alleged poll irregularities.
Editor:
Bi Mingxin
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