CAMBODIA
KINGDOM OF WONDER
Location
Cambodia, country in mainland Southeast Asia. Cambodia is largely a land of plains and great rivers and lies amid important overland and river trade routes linking China to India and Southeast Asia. The influences of many Asian cultures, alongside those of France and the United States, can be seen in the capital, Phnom Penh, one of a handful of urban centers in the largely rural country.
Geography
The Kingdom of Cambodia, formerly Kampuchea, is a Southeast Asian nation that borders Thailand, Laos, Vietnam, and the Gulf of Thailand. The capital city is Phnom Penh.
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Flag
The flag of Cambodia symbolizes the country’s slogan: Nation, Religion, King. The two large blue stripes represent royalty and the center red stripe represents the nation. The image of the white temple stands for the nation’s religion.
Religion
Theravada Buddhism is the prevailing official religion in Cambodia and approximately ninety percent of the population is Buddhist. Islam, Hinduism and Christianity are also embraced in Cambodia.
Since Buddha statues and images represent the revered Buddha, visitors are asked to treat all such statues and images with respect, so as not to offend local people.
In Cambodia, regardless of religion, the country maintains a harmonised state.
GOVERNMENT
Cambodia is a constitutional monarchy with a multiparty democracy. The king is the head of state, and the prime minister is the head of government. The current Prime Minister is Samdech Moha Borvor Thipadei Hun Manet.
Economy
Cambodia’s economy that currently follows an open market system (market economy) and has seen rapid economic progress in the last decade. Cambodia had a gross domestic product (GDP) of $28.54 billion in 2022. Per capita income, although rapidly increasing, is low compared with most neighboring countries.
why invest in cambodia?
Solid economic growth, a strategic geographical location, a favorable investment climate, abundant natural resources, a competitive labor market, strategic trade agreements, growing infrastructure development, a supportive legal framework and social and political stability.
INVESTMENTS IN CAMBODIA
As a member of ASEAN, Cambodia connects investors to over 600 million consumers and benefits from the Regional Comprehensive Economic Partnership (RCEP), providing access to 2.3 billion consumers, nearly a third of the global GDP.
CAMBODIA’S FAST-GROWING ECONOMY
The robust growth has been supported by macroeconomic stability, openness to trade, large inflows of foreign direct investment, strong tourist arrivals, and a structural shift toward export-oriented manufacturing
ADVANTAGES
Cambodia offers numerous advantages to investors, some of which may not be widely recognized outside the country. The main advantages include solid economic growth, a strategic geographical location, a favorable investment climate, abundant natural resources, a competitive labor market, strategic trade agreements, growing infrastructure development, a supportive legal framework and social and political stability.
CAMBODIA’S TRADE NETWORKS
Cambodia is a member of the following trade agreements, that offer preferential market access for goods and services coming in or out of Cambodia:
- World Trade Organization
- ASEAN Free Trade Area
- ASEAN-Australia-New Zealand Free Trade Area
- ASEAN-China Free Trade Area
- ASEAN-Hong Kong, China Free Trade Area
- ASEAN-Japan Comprehensive Economic Partnership
- Regional Comprehensive Economic Partnership
- Cambodia-China Free Trade Agreement
- Cambodia-South Korea Free Trade Agreement
- Cambodia-United Arab Emirates Comprehensive Economic Partnership Agreement
- Cambodia is participating in negotiations for these Free Trade Agreements:
- ASEAN-Canada Free Trade Agreement
- ASEAN-Eurasian Economic Union Free Trade Agreement (proposed and under consultation
Handbook on Investing in Cambodia, by the Council for the Development of Cambodia (CDC) and the Department of Foreign Affairs & Trade of the Australian Government
CONTACT ADDRESS
BGM Headquarter, National Road 21, Koh Kor Village, Rokar Khpors Commne, Krong Ta Khmau, Kandal Province.
Phone: +855 10 267 327
Email: sophath@bgm.baraygroup.com Location: View the Map
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