Cambodia has made a remarkable recovery from its darkest years under the Khmer Rouge regime in the 1970s. Now one of the fastest-growing economies in Southeast Asia and currently ranks 11th in the world in terms of high GDP growth over the last decade.
With a forecasted 7% economic growth per year for the next five years and a rapidly growing consumer class that is earning triple the average income, it is an attractive market to invest and do business in. With this growth in earnings comes a growth in disposable incomes. Borders are opening up, trade is increasing, and there are many more products to buy. Products, and brands, represent a connection to the wider world, and the promise of a successful and prosperous future. Its young population, half under the age of 25, is tech-savvy and worldly, and against this backdrop, tastes, preferences and habits are forming, and changing rapidly. The young population are driving new product preferences, and are leading the way in the adoption of new technologies.
Significant opportunities are available for businesses in a number of different sectors. UK companies are finding opportunities in education and vocational training, construction, manufacturing, retail, automotive, agribusiness, tourism and the financial/professional services.
However, doing business in Cambodia takes patience and perseverance. Companies should be prepared to invest time and resources in regular visits over a period of months, sometimes years, before seeing returns.
About the guides
The main objective of this Doing Business in Cambodia Guide is to provide you with basic knowledge about Cambodia; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues.
We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point.
This FREE guide is available in 4 formats:
Available on the iTunes App Store and Google play