PHNOM PENH: Cambodia, a country of opportunities and a fast-growing economy, is now attracting investors from all over the world.
Since the end of the civil war in 1993, foreign direct investment (FDI) has poured into the country. FDI has increased by more than 800 percent in the last ten years, while the highest GDP was $3 billion in 2018.
Cambodia is currently on track to be one of the region’s most well-connected trade infrastructures, with three-hour flights to every ASEAN country.
A country with favorable trade agreements is a member of ASEAN and a signatory to intra-ASEAN FTAs as well as ASEAN FTAs with China, Japan, Korea, India, Australia, and New Zealand. Cambodia is also a signatory to the Regional Comprehensive Economic Partnership (RCEP), the world’s largest trade agreement, which connects roughly 30% of the world’s population and output.
Cambodia is the keystone in the development of the Southern Economic Corridor (SEC), which connects Myanmar, Thailand, and Vietnam. Phnom Penh is centrally located on the route that connects Bangkok and Ho Chi Minh City.
Cambodia is a critical component of the Southern Economic Corridor (SEC), which connects Myanmar, Thailand, and Vietnam. Phnom Penh is conveniently located on the route connecting Bangkok and Ho Chi Minh City.
There are 17 airports in total, including three international airports that connect to key markets around the world. The Sihanoukville Special Economic Zone (SSEZ) on Cambodia’s coast is linked to key international trading hubs by road, rail, sea, and air. A $1.9 billion investment is also being made in the Phnom Penh-Sihanoukville Expressway, which connects the capital to the coast.
Country shares borders with Thailand, Vietnam, and Lao PDR, and it is only a few hours by car from three of ASEAN’s emerging markets.
Four SEZs are strategically located at the Thai border, while 13 SEZs are strategically located at the Vietnamese border.