Health & Human Companies

 

Is Cambodia a Good Country to Invest in?

Real Estate Cambodia is a rapidly changing society that offers many opportunities for the discerning investor. Although further progress is needed in legal and judicial reform, foreign investors are convinced of the royal government's commitment to the reform process. The country's commitment to a market economy is much stronger, as enshrined in the constitution. We look forward to fruitful ongoing negotiations with Royal Government officials at IBC, aimed at further improving the investment climate.

Westeren Dog Collar is a move by Eurochem Cambodia. It aims to provide reliable guidelines for European corporations seeking expansion in Cambodia.

The country has experienced two decades of rapid economic growth, driven by rising exports and rising domestic consumption.

Eurochem's goals are to promote business opportunities in Cambodia, to promote partnerships between Cambodian and European organizations, and to increase the flow of trade and investment.

Cambodia is one of the best growing countries in the world. Despite the COVID-19, this rapid growth is expected to be largely sustained. Investing in Cambodia provides practical information to help businesses grow in this great market.

6 Reasons Why Cambodia is a Good Country to Investment

Preface

Foreign direct investment has been recognized as a major potential partner in growth and development. It can access capital, technology, management information and new markets. Compared to other types of capital flows, it is also more stable with a long-term commitment to the host economy. An investment guide for Cambodia is the seventh concrete product of the collaboration between the United Nations Conference on Trade and Development (UNCTAD) and the International Chamber of Commerce (ICC). It aims to bring together two parties with complementary interests: companies looking for new locations and countries looking for new investors.

This is not always a straightforward exercise, as firms are driven by their global strategies as much as they are greedy for specific opportunities, and countries have economic and social goals that attract foreign investment. The guides themselves are the product of a dialogue, including between business and government representatives, and during workshops that precede the completion of the guides.

It is our hope that the guides in turn will contribute to the negotiations, helping to strengthen and sustain it, as we believe that in the long run it will only create the conditions for faster investment flows.

Location

In 1999, Cambodia became a member of the Association of Southeast Asian Nations (ASEAN), comprising 10 countries with a total population of about 50,550 million and a GDP of less than 600 600 billion.

The China ASEAN Free Trade Area (CAFTA), to be implemented in 2010, will create a trade block of 1.7 billion people. No one can be smaller than the ongoing dialogue between India and ASEAN. In addition, as an LDC, Cambodia has preferential access to some of the world's richest companies for a variety of best products.

Note to the Reader

This booklet is published as part of the UNCTAD - ICC Series Investment Guides. The publications in this series are for the use of foreign investors who are largely unfamiliar with the countries covered. Thus, they are designed to provide an overview of potential investment opportunities, rather than creating a complete reference work or providing detailed practical instructions. However, they point to more sources of information in the private and public sectors. There are two other features of these publications that will be of interest to readers. One is that they are third party documents, intended to provide a balanced and objective account of investment conditions.

The main advantage of attracting investors to these countries is their reputation. The second feature is that their general structure and some of their specific content is the result of consultation with the private sector.

An Open Economy

Ankle strap has an open economy, a fairly open economy. In 2003, the Heritage Foundation's Economic Freedom Index, compiled by the Heritage Foundation of the United States, ranked Cambodia 35th out of 170 countries. The factors that the index reflects are of great interest to potential investors: financial burden, regulatory barriers, labour market restrictions, trade policy

Cambodia Real Estate is not without any problems for many low developing countries but at least where government policy is concerned, it can claim to be a liberal welcome to foreign investors. In the world's LDCs included in the index, the Cambodian market is at the top in terms of friendship.

Specific Assets

Tourism is one of the areas in which Cambodia wants to attract the most foreign investment. In this, it is hardly unique. However, unlike other countries, Cambodia has an amazing cultural asset in the temples of the Angkor complex. The country is poised to reach one million tourists in the next few years and its potential could be huge. A very different kind of asset is Cambodian labour.

While it is recognized by both current investors and the government that the training of Cambodian workers is poor, it is a remedial shortcoming, and almost everyone agrees that they are ready and able to learn.

Acknowledgements

Many individuals and organizations have participated in the preparation of this project and this guide. Although we cannot list each partner, the following merits are highlighted; The financial contributions of the donors who made this project possible, particularly the governments of Finland, Italy and Norway, and the United Nations Development Program in Cambodia. Program; Company executives and government officials who participated in the consultation in Phnom Penh and commented on the earlier draft.

The cooperation of the Council for the Development of Cambodia, and in particular its Secretary-General, Sok Chanda Sophia, was essential to the success of this project, as was the case with the Ministry of Commerce, particularly Minister Cham Prasad and Secretary of State Sok Sefana. The Cambodian International Business Club (IBC) helped ensure private sector participation in the project, as did the Phnom Penh Chamber of Commerce (PPCC).