Key findings Preliminary estimates for Cambodia show real growth achieved a four-year high of 7.5% in 2018, compared to 7.0% in 2017. The economy performed better than expected, driven primarily by rapid expansion of exports and robust internal demand, as well as a surge in...
Cambodia has changed radically from a centrally planned economy to a market economy over the past ten years. Moving away from the earlier one-party state, it now has a democratic system of governance and sustainable peace after decades of civil war. With consistent support from...
The Council for the Development of Cambodia (CDC) yesterday announced that it approved 831 investment projects, with a total investment capital of $22.5 billion, from 2016 to August 2019, according to its latest report. The report added that in the first eight months of the year,...
Cambodia is one of four Asean nations where the influx of foreign direct investment reached record levels last year, according to a study by the Asean Secretariat and the United Nations Conference on Trade and Development (Unctad). The Asean Investment Report 2019, released last week, finds...
Cambodia offers foreign investors strong growth, but it’s a tiny market. Corruption doesn’t help. CAMBODIA: VITAL STATISTICS Location: Southeast Asia Neighbors: Thailand, Laos, Vietnam Capital city: Phnom Penh Population (2018): 16.5 million Official language: Mon-Khmer GDP per capita (2018): US$1,512.10 GDP growth (2018): 7.5% Inflation (2017): 2.9% Currency: Riel Investment promotion agency: The Council for the Development of Cambodia (CDC); the Cambodian Investment Board (CIB) and...
Over the past two decades, Cambodia has undergone a significant transition, reaching lower middle-income status in 2015. Authorities aspire to attain upper middle-income status by 2030. Driven by garment exports and tourism, Cambodia’s economy has sustained an average growth rate of 7.7% between 1995 and...
Located between Thailand and Vietnam, Cambodia is an attractive investment destination for businesses looking to expand in ASEAN. The country has recovered from a troubled and violent 20th century past and aims to now secure a place on the global economic playing field. With a steady economic...
Active Cambodia is a member of the ASEAN, alongside Brunei Darussalam, Indonesia, Laos, Myanmar, the Philippines, Singapore, Malaysia, Thailand and Vietnam. The ASEAN Free Trade Area was signed on January 28, 1992, and entered into force on January 1, 1993. In 2017, ASEAN accounted for...
Cambodia's Law on Investment (1994) established an open and liberal foreign investment regime. All sectors of the economy are open to foreign investment and 100% foreign ownership is permitted in most sectors. In a few sectors, foreign investment is subject to conditions, local equity...