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Cambodia economic zone eyes companies fleeing Thai costs

New industrial park along the border hooks into regionwide business corridor

Sumitronics has set up a factory inside a new industrial park in western Cambodia near the Thai border.

POIPET, Cambodia -- The operator of Cambodia's Phnom Penh Special Economic Zone opened a new industrial park close to the Thai border on Monday, in hopes of attracting manufacturers seeking a second Southeast Asian hub amid rising wages in Thailand.

The roughly 70-hectare Poipet Special Economic Zone is located about 8 km from the border and is a four-hour drive from Bangkok. It serves as a key link in the economic corridor that extends from Bangkok all the way south to Ho Chi Minh City in Vietnam.

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