Cambodia has achieved remarkable economic success, boasting an average annual growth rate of over 7% before the pandemic. This momentum has continued even amidst global challenges, with a projected growth of 6.0% in 2024 and a promising 6.3% for 2025. The kingdom also offers a predictable business environment, characterized by manageable inflation, stable exchange rate, and low unemployment rate.

To be specific, investors in Cambodia have access to Mekong subregion market, which is home to over 300 million people, a member of ASEAN with population of over 670 million people (2023) and the Regional Comprehensive Economic Partnership (RCEP) with population of 2.3 billion people and GDP of $25.8 trillion. On top of that, the country also has bilateral FTAs with China, Korea and Comprehensive Economic Partnership Agreement with the UAE. Additionally, Cambodian exports have benefited from duty-free quota-free access to the EU, US and UK markets thanks to their preferential trade schemes offered to Cambodia as an LDC.

The Royal Government has embarked on an ambitious skill development program to provide vocational and technical trainings for around 1.5 million youths from poor and vulnerable households across the nation. Investors will find it easy to recruit young and hard-working talents in Cambodia with a wide range of certified skills.

Adhering to the notion of sustainable development goals, the RGC is committed to achieving a country-wide carbon neutrality by 2050 set forth in the “Long-Term Strategy for Carbon Neutrality.” Digital technology-wise, the country’s digital boom is evident and transforming public institutions, businesses and individual lives. Phnom Penh, Battambang, Siem Reap and the coastal provinces are at the forefront of this technological revolution, with digital services in various sectors emerging. Mobile services in Cambodia are very affordable and the internet can be accessed with fast speeds and reliable connections. With fast-rising internet penetration, mobile and social media use, the RGC is actively building Cambodia’s digital readiness and designing policies with an ambition to transform Cambodia into a digital economy in the long run.

Investors will be offered generous tax incentives, investment guarantees, and streamlined administrative procedures. [Click here to see more] Cambodia is open to foreign business ownership and free capital repatriation. Particularly, Cambodia allows 100% foreign ownership in most sectors, except land ownership, and allows investors to freely purchase foreign currencies and repatriate those foreign currencies. The RGC strongly commits to assisting investors at all stages and strengthening public-private sector dialogues and partnerships.

Substantial investments have been made in major infrastructure such as expressways, international airports, multimodal logistic hubs, deep seaports and inland waterways. The development of electricity infrastructure has also seen notable progress, with costs declining significantly and capacity increasing fifteen-fold over the past 15 years. In addition, several special economic zones (SEZ) have been established across main economic poles in Cambodia, connected by road, rail, sea, and air to key international trade hubs. Investments inside any SEZ receive the same incentive schemes as those outside the zone, but enjoy better administrative facilitation with the advantage of industrial clusters.