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Cambodia

Cambodia's free-market economy has one of the more impressive growth rates in the region. The Kingdom continues to attract foreign investment from many countries across Asia and increasingly from the US and several European nations.

Cambodia's free-market economy has one of the more impressive growth rates in the region. The Kingdom continues to attract foreign investment from many countries across Asia and increasingly from the US and several European nations.

Cambodia is a global leader in reducing poverty. Now classified as a ‘lower-middle income economy’ by the World Bank, Cambodia has had recently enjoyed three decades of sustained growth, nonetheless remains poorer than some of its ASEAN nations with a per capita GDP of USD 1,732

The Kingdom of Cambodia is an elective, constitutional monarchy where the monarch is selected by a council, and where the country is largely ruled by a single party. While famous for its World Heritage Angkor Wat, once the capitol of South East Asia’s largest and most powerful empire., the country has since gone through long, slow decline through local rivalries, then eventually forming a part of French Indochina until 1953. More recently Cambodia suffered considerable US bombing, then the brutal Khmer civil war culminating in invasion from Vietnam.

Cambodia’s return to self-rule in 1993 has corresponded with a reduction in poverty and an increase in living standards that brings considerable hope for their future. The government has forged closer ties with several offshore investors, particularly China to help to modernise industry and infrastructure.

Currently, Cambodia’s main export industry is garment manufacture with other export sectors including tourism and agricultural, forestry and fisheries products. Cambodia has spent a great deal of effort, along with foreign assistance, in improving physical and digital infrastructure and is well on the path towards becoming an increasingly modern and sophisticated place to do business in SE Asia. Cambodia remains however, a country where personal relationships are critical to successful engagement with government and industry here. Asian Insiders will connect you to whom you need to know, help you to build and maintain relationships and ensure that your engagement in Cambodia has every chance for success.

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