Cambodia

Cambodia is a developing market economy with a very open investment policy and real opportunities for creative entrepreneurs and dynamic businesses. It has experienced a 7% annual growth rate for the last five years. It benefits from its close proximity to bordering high growth economies such as Laos, Thailand and Vietnam. Recently, Cambodia has become a lower-middle-income country and is estimated to become an upper-middle-income country by 2030.

Country Information

Alongside further ASEAN integration, an interconnected series of highways, railways, power and telecommunications are being implemented across Cambodia. This is happening in the Greater Mekong Subregion (GMS) countries of China, Thailand, Myanmar, Laos, Cambodia, and Vietnam and it will greatly enhance intra-regional trade.

In 2004, Cambodia joined the World Trade Organisation which has led to improvements in the business environment. Practical information on trading with and conducting business in Cambodia can be found on the official website of the Ministry of Commerce.

The economy has experienced strong, positive growth over the last 15 years. Cambodia is a unique country, which provides a number of opportunities across different sectors for both UK companies already operating in Southeast Asia and those new to the region. Success, however, does require a strong understanding of local social and business culture. Although not without its problems, Cambodia’s economy continues its process of rapid expansion and modernisation.