PHNOM PENH: Cambodia is a rapidly growing economy with a young and growing population. It is also a relatively low-cost country to do business in. These factors have made Cambodia an attractive destination for foreign investment.
However, there are a number of things that investors need to consider before investing in Cambodia. This article recommended by the Council for the Development of Cambodia CDC’s Handbook on Investment in Cambodia for 2023, will provide an overview of the key considerations for investors.
Understand the Cambodian context, because investors need to have a good understanding of the Cambodian context before they invest. This includes understanding the culture, the political and economic situation, the legal environment, and the business climate.
There are a number of resources available to help investors understand the Cambodian context. These include the website of the Council for the Development of Cambodia (CDC), the Cambodian Commercial Attaché in your country, and the Australian Embassy in Cambodia.
It is also a good idea to speak to other investors who have experience in Cambodia. This will give you valuable insights into the challenges and opportunities of investing in Cambodia.
Again You can find other investors by contacting the CDC, the Australian Embassy in Cambodia, or the relevant chambers of commerce. There are a number of government agencies and organizations that can help you with your investment in Cambodia. These include:
- The Council for the Development of Cambodia (CDC)
- The Cambodian Commercial Attaché in your country
- The Australian Embassy in Cambodia
- The Department of Public Relations and Promotion of Private Investments at the CDC
- Experienced foreign investors in Cambodia
- Trade promotion officers in your country and in ASEAN
- Relevant chambers of commerce
Once you have a good understanding of the Cambodian context, you need to develop a business plan for your investment.
Cambodia attracted foreign direct investment of $4.68 billion in 2022, up 7.5 percent from $4.35 billion in a year earlier, a Council for the Development of Cambodia’s report, where major foreign investors were from China, Japan, Thailand, and Singapore.