Cambodia - a key destination for foreign investors
Cambodia is emerging as a key destination for foreign investors, offering political and economic stability and attractive government investment incentives.
Bangkok Bank
Bangkok Bank’s branch in Phnom Penh offers a full range of banking services, backed by local expertise and knowledge.
Opportunities
Cambodia’s economy has been growing steadily at around 7% for several years* and strong growth is expected for the foreseeable future. Sectors with the greatest potential include construction, tourism, real estate and garment manufacturing, as well as agribusiness, given the country’s need to process the huge amount of rice it grows.
Since the government is keen to boost domestic demand, the country has great potential as a consumer market. Infrastructure is improving all the time, as has connectivity with Thailand. There have also been great strides in areas such as maternal health, early childhood care and primary education programs in rural areas – all of which bodes well for the country’s long-term investment potential.
*Focus Economics, 2015
Cambodia’s economy has been growing steadily at around 7% for several years* and strong growth is expected for the foreseeable future. Sectors with the greatest potential include construction, tourism, real estate and garment manufacturing, as well as agribusiness, given the country’s need to process the huge amount of rice it grows.
Since the government is keen to boost domestic demand, the country has great potential as a consumer market. Infrastructure is improving all the time, as has connectivity with Thailand. There have also been great strides in areas such as maternal health, early childhood care and primary education programs in rural areas – all of which bodes well for the country’s long-term investment potential.
*Focus Economics, 2015
Challenges
As an investor in Cambodia, be prepared to invest in training to boost the skill levels of the work force. The recent introduction of a new minimum wage in the sizable garment manufacturing sector has further highlighted the need to improve labor productivity, which has been falling over the past several years.
As an investor in Cambodia, be prepared to invest in training to boost the skill levels of the work force. The recent introduction of a new minimum wage in the sizable garment manufacturing sector has further highlighted the need to improve labor productivity, which has been falling over the past several years.
Tips for investing and doing business
Cambodia’s government actively encourages foreign investment, with no limits on shareholding or capital controls, or fund transfers out of the country. Income taxes are low and there are import and export tax exemptions. In addition, investors can enjoy 100% ownership of their Cambodian companies. Bangkok Bank can help investors make the most of these opportunities.
Note: Information update as at February 2016
Cambodia’s government actively encourages foreign investment, with no limits on shareholding or capital controls, or fund transfers out of the country. Income taxes are low and there are import and export tax exemptions. In addition, investors can enjoy 100% ownership of their Cambodian companies. Bangkok Bank can help investors make the most of these opportunities.
Note: Information update as at February 2016
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Miss Yiamsri Ubonpong, Branch Manager - Cambodia Branch Tel: (855) 23 224 404-9 E-mail: bblcambodia@bangkokbank.com More details |
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