The country has experienced strong export led growth, with GDP growth of 6.1% in 2011. Garment exports and tourist arrivals, especially by air, have increased considerably in recent years. Cambodia is located in the southern portion of the Indochina Peninsula. It is bordered by Thailand to the northwest, Lao PDR to the northeast, Vietnam to the east and the Gulf of Thailand to the southwest. Cambodia’s landscape is characterised by a low lying central plain which is surrounded by uplands and low mountains and includes the Tonle Sap (Great Lake) and the upper reaches of the Mekong River Delta. Extending outwards from this central region are transitional plains, thinly forested and rising to elevations of about 200 metres above sea level.
The Mekong River flows south through the country’s eastern regions. To the east of the Mekong there is a region of forested mountains and high plateaus, which extend into Lao PDR and Vietnam. In southwestern Cambodia, there are two distinct upland areas, the Kravanh Mountains and the Damrei Mountains.
The southern coastal region adjoining the Gulf of Thailand, is a narrow lowland strip, heavily wooded and sparsely populated, which is isolated from the central plain by the southwestern highlands. The Mekong River provides fertile, irrigated fields for rice production. Exports of clothing generate most of Cambodia’s foreign exchange but tourism is also an important part of the economy.
Cambodia received 2.8 million visitors in 2011, many visiting the Angkor temples in Siem Reap Province, built between the ninth and 13th centuries. The beaches in Sihanoukville in the southeast and the capital Phnom Penh, are the principal visitor attractions. Other attractions include the area around Kampot and Kep, with the Bokor Hill Station. Buddhism is the main religion and this creates an identity and a behaviour pattern for each person. This also enforces a sense of hierarchy within society. Cambodia is a collective society. This places emphasis on groups rather than the individual. Cambodia joined ASEAN on 30 April 1999, making them the tenth member.
- Joined ASEAN: 30 April 1999
- Head of State: His Majesty King Norodom Sihamoni
- Area: 181,035 square kilometres
- Border countries: Lao PDR, Thailand, Vietnam
- Coastline: 443 kilometres
- Capital city: Phnom Penh
- Total population: 14,952,996
- Population of capital: 1,519,000
- Climate: Tropical and humid. Monsoon season May to November. Dry season December to April.
- Languages: Khmer, French, English
- Religions: Buddhist 96.4%, Muslim 2.1%, other 1.3%, unspecified 0.2%
- Ethnic groups: Khmer 90%, Vietnamese 5%, Chinese 1%, other 4%
- Monetary unit: Riel (KHR)
- Natural resources: Oil & gas, timber, gemstones, iron ore, manganese, phosphates, hydropower potential
- Major exports: Clothing, timber, rubber, rice, fish, tobacco, footwear
- Main export trading countries: US 41.5%, Canada 8.6%, Germany 8.2%, UK 7.9%, Japan 4.6%
- Major imports: Petroleum products, cigarettes, gold, construction materials, machinery, motor vehicles, pharmaceutical products
- Main import trading countries: Thailand 29.6%, China 23.9%, Singapore 9.4%, Hong Kong 7.2%, Vietnam 5.1%
- Internet domain: .kh
- International dialling code: +855
- Sources: CIA World Factbook, ASEAN, IMF, Kwintessential.co.uk, Journeymart.com
In opening the 21st century, Cambodia is on the road toward sustainable development. Cambodia experienced strong macroeconomic stability and significant improvement in standards of living. Real economic growth was 7% in 2008, lower than previous year that peaked at 13.3% in 2003 and slowed down to 10.8% in 2006 and 10.2% in 2007. Per capita GDP increased from US$247 in 1994 to US$624 in 2008.
High Level of Economic Freedom
According to “2006 Index of Economic Freedom” by the Heritage Foundation in the US, Cambodia is ranked 9th out of 32 countries and regions in Asia in terms of the absence of government coercion or Cambodia’s index has improved, although it has been relatively flat over the last three years. constraint on economic activities In the last ten years to 2006.
Cambodian government ensures equal treatment to all investors and free remittance of foreign currencies abroad. There is no requirement for investors to participate in the local equity.
Investment Incentives in Special Economic Zone
Cambodia’s investment law offers up to 9 years tax holiday, 0% rate on value-added tax and full import duty exemption on raw materials, machinery, and equipment. In addition, it guarantees free repatriation of profit that investors earn.
For more information, please visit at www.cambodiainvestment.gov.kh
Doing Business in Cambodia
- Country Background
- Selected Economic Indicators and Other Statistics
- Operational Costs
- Transportation Costs
- Telecommunication Costs
- Investment Regulation and Procedures
- Expatriate Living Costs
- Employment Regulation
- List of Useful Information
- Other Useful Addresses
- List of Useful Web Site
- Public National Holidays
- Total Material
- Guide Book
- Capital : Phnom Penh
- National Population : 11 million
- Language : Khmer
Cambodia is at the frontier of tourism. It has a rich culture dating back many centuries when the Angkor Civilitation was the region’s most developed. The 9th century Angkorian temples have intrigued archaeologists and fasci-nated tourists since being rediscovered in 1860. They remain one of the world’s great ancient wonders and the jewel of them all, Angkor Wat, is the world’s largest religious monument.
The country has others attractions – from unspoiled beaches, fascinating markets, Mekong river cruises, beautiful natural areas, the Royal Palace in Phnom Penh and isolated hilltribe groups. There are many potential ecot-ourism attractions in rainforests, riverine and wetland ecosystems. These will become more accessible as tourism infrastructure develops.
The capital, Phnom Penh, is the gateway for tourists. There are several attractions here like the Royal Palace/Silver Pagoda, other temples like Wat Phnom, Mekong river cruises and the National Museum. The city has lively restaurants, bars and exciting market shopping. Visitors to Angkor usually fly to Siem Reap or take a boat across southeast Asia’s largest fresh waterlake, Tonle Sap.
Cruises on th Tonle Sap give an insight into the importance of fishing as well as ecotourism opportunities such as birdwatching in the flooded forests. Siem Reap Is a small town offering good accommodation for those visiting Angkor. With many accessible Angkorian temples here and at nearby Roluos, tourists can stay from one day to one week. Other attractions near the town are croccodile farm, markets and waterwheels along the river.
In the south, the beaches and islands of Sihanoukville and Kep provide relaxing gateways with low key fascilities and untouched beaches. The isolated provinces of Mondulkiri and Ratanakiri are home to hilltribe peoples whose unique lifestyles attract adventurous travellers.
Khmer dance, song and arts are sophisticated and integrated into contemporary life. Rice, fish, noodles and vegetables are the staple foods and are usually obtained fresh from open markets. Meal can be spicy and accompanied by fish sauce or prahok. Most holidays are religious or related to the monarchy. Special days are for the Royal Ploughing Ceremony, Pchum Ben, Kathina Tean, the King’s birthday and the Water Festival.
For more information, please visit http://www.tourismcambodia.com