Growth driven by garments exports and tourism
Cambodia receives trade privileges from many large economies
Cambodia is one of Asia’s, and ASEAN’s, smaller economies, with a population of just 17m and GDP at US$ 27BN in 2019. But from this modest base the country has produced consistently rapid growth, the fastest in Asia, at 7% in recent years. Cambodia’s stable government continues to nurture this success with a range of investor-friendly policies co-ordinated at the highest levels of government, attracting very significant FDI inflows particularly into its burgeoning textiles sector. Entrepreneurial opportunity abounds for investors: the scale can be relatively modest yet returns remain impressive. Visitors here will relish lasting legacies from the Khmer Empire, so vital in Asia 1000 years ago – for such an ancient world, much still remains to be discovered. Come and pay ASEAN Business Partners a visit and we’ll be glad to discuss how your business can benefit from this brilliant opportunity.
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