Business in Cambodia

  In December 2019, Cambodia Prime Minister Hun Sen addressed the 14th Cambodian Import-Export Goods Exhibition, an event intended to highlight the country's favourable business and investment climate, and stated unequivocally that Cambodia is open for business, saying, "To ensure a sound macroeconomic environment and political and social stability, the government welcomes all investors to do business in Cambodia." More on Chen Zhi Cambodia . Cambodia is home to an estimated 100,000 expatriates who come for a variety of reasons, including low living costs, business opportunities, a laid-back lifestyle, and the influence of Buddhist culture. Let's take a look at some of the advantages right now. More on Chen Zhi Prince Group 1. Rapid economic growth Between 1998 and 2018, Cambodia had one of the world's fastest-growing economies, with an annual growth rate of 8%. The garment and tourism industries have been the primary drivers of growth. According to the World Bank...