Summarized favorable factors to do business in Cambodia 1. Economic situation and opportunities - The Great Mekong Sub-region is one of the fast-growing sub-regions in the world. Cambodia has sustained rapid growth over the past few years with the annual gross domestic product growth should reach 7% to 8% for years. - Cambodia has favorable agricultural and strong textile sectors, and vast human capital, plus ASEAN’s coming economic integration in 2015 as reasons for the expected growth. - Opportunity to inexpensively access and build Cambodia’s future “blue chips” ahead of frontier stock market. 2- Law, polities and International Relation and Diplomatic - Liberal foreign ownership laws, low taxes, favorable trade and investment privileges. - Increasingly stable political structure and outlook, consistent investment policies. - Closed foreign relations: Cambodia is a member of the United Nations, the World Bank, the international Monetary Fund-IMF, the ASEAN, and joined the World Trade Organization (WTO). - Sustainable political situation and open sky economy policy as a one of great factors for business growth. 3- Geography and Demography - Under-utilized land, water, and natural resources (significant potential for oil and gas, minerals agricultural commodities, food processing, bio-fuels, light manufacturing, hydro power, tourism etc.) - Favorable demographics, youthful population, inexpensive labor force. - The country has a total of over 7 million workforce among total population of about 14 millions, and has 22.5 percent of young people aged between 15-24 years old, 17.7 percent between 25-34 years old, and 25.4 percent from 35-64 years old. Cambodia was found to be a country with the highest number of young workforce in the region. - The land of production base for conglomerate/multinational corporation with the open sea which can assess to the world. Although there are some barriers such as expensive utilities, transportation, unofficial fee for government officers and lack of skilled workforce which concerned by foreign investors, the country is in the process of deeply reforming to attract more Foreign Direct Investment.
Posted on: Mon, 03 Nov 2014 14:05:15 +0000
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