Phnom Penh: Prime Minister Hun Sen announced to lower the logistics costs at Phnom Penh and Sihnoukville Autonomous Port to facilitate the investment and profit for the international companies.
Prime Minister Hun Sen said at the Public and Private Forum today that the logistics costs reduction at the two ports will gain about $6 million. 20 containers will cost at $10 and 32 containers will cost at $16 in April 1, he added.
“If there are 100 containers and two or three containers left, there is no need to scan, leading to wasting time,” Prime Minister said; however, despite the scan, the payment is still the same.
He also announced the cancellation of the Certificate of Origin that some countries which do not require, and is made by the inter-ministries between the Ministry of Economy and Finance and the Ministry of Commerce to facilitate trade and investment.
Prime Minister Hun Sen recommends both ports consider additionally lowering the price for logistics companies that able to lower the cost of services and trade and facilitate transportation.
Dr. Hong Vannak, an economist at the Royal Academy of Cambodia, said that the reduction of Sihanoukville and Phnom Penh Autonomous Ports and other government’s transport services at the moment would help increase the growth of overseas investment like Europe, Korea and China.
“The government does this as a major tax policy reform to attract foreign investors to bring their money to invest in Cambodia. The government has also reduced the bureaucracy for investors and it will make exports even better,” he said.