A few real estate businessmen and economists in Cambodia forcast that the freezing in Cambodia property market might linger due to the delay in the opening of the stock market (recently announced by the so-called Hanoi Phd P.M. Hunsenf), because it might cause people to distrust the governent and lose confidence in the property market and hence hesitate to invest. ( Everyday.com dated 08/01/09). It can be blamed as well to the incompetent government who cannot afford to offer a rescue package like other countries. Litterally!
Countering the above arguments, some economists argue that rushing to open the stock market might put the country at stake due to speculation. Moreover, most cambodian people bear no knowledge about stock market, and thus they would be hesitant to invest in the stock market.
Looking at the exeriences of other developing countries including South Korea, the stock-bond market started working recenlty, even it was established long time ago. (Ilho YOO, 2006 Fiscal Balance Forecast of Cambodia 2007-2011).
Considering this, the Cambodian stock market wont be likely to function in any time soon. Poor Cambodia!
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