A tourism hub for history and heritage Cambodia has a lot on offer for tourists looking for history and heritage. Once the Khmer Empire and now officially the Kingdom of Cambodia, the country is famed for its rich culture and history. The Angkor temple is the largest religious monument globally, and a UNESCO World Heritage… Continue reading A Tourism Hub for History and Heritage
Textiles industry is a powerhouse The Cambodian textiles industry is one of the fastest growing in the world with Western and Asian countries establishing trade relations with it. Cambodia’s top goods exports are ready-made garments and footwear. It grew rapidly to become a powerhouse of the Cambodian economy, producing US$7.97BN of exports in 2019. Cambodia… Continue reading Textiles Industry Is a Powerhouse
Government focussed on reforms Recognizing that the real economic growth necessary to achieve the country’s developmental goals lies in the development of a healthy private sector, the Cambodian government has undertaken a reforms programme to promote private sector investment. As part of this programme, the Law on Foreign Investment in the Kingdom of Cambodia established… Continue reading Government Focussed on Reforms
Attractive as an investment destination Cambodia is emerging as an attractive trade and investment destination. Foreign direct investment FDI into Cambodia in 2019 at US$ 3.6BN, up by 12% from the previous year. FDI inflows from China reached US$860 million in the first 11 months of 2020, up a whopping 70 percent year-on-year. Given the strong indications… Continue reading Attractive as an Investment Destination
Cambodia: One of the fastest growing economies in the world Over the past two decades, Cambodia has undergone a significant transition, reaching lower middle-income status in 2015 and aspiring to attain upper middle-income status by 2030, according to the World Bank. Driven by garment exports and tourism, Cambodia’s economy sustained an average growth rate of… Continue reading Cambodia: One of the Fastest Growing Economies in the World
