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The investment potential of Cambodia

2020-10-13
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Summary:China and Cambodia signed a free trade agreement (FTA) in Phnom Penh at 12th October, with Cambodian Prime Minister Hun Sen and visiting Chinese State Councillor and Foreign Minister Wang Yi attending the signing ceremony.

China is planning to sign more agreements funding at least three major infrastructure development projects in Cambodia, including installing submarine optic cables, restoring NR 71C, and the improving rural power transmission line phase 7.  With the improving of infrastructure of Cambodia, Cambodia are attracting attention from global investors from different business.

Cam-China.jpg

Cambodia are actively negotiate with countries about free trade agreement, the free trade agreement between China and Cambodia are good sign for investors. 

Affected by Gambling ban and withdrawn of EBA, Cambodia's economy has hit severely in a short time. But Gambling ban accerlated the transform industry of Cambodia, economy bubble has being eliminated already. The industry construction of Sihanoukville-the key city of Cambodia will be more sustainable and healthy. Special economy zone, deep sea port, free trade agreement, policy support, all the factors are making Sihanoukville as ideal investment destination. Plus the natural source of Cambodia, Cambodia are completing the different industry development, economy will be driven by multiple pillar industry instead of rely on one industry. 

Some factory owners choose Cambodia as second factory destination, due to its rich labor and natural source. Garment factory provide thousand of jobs for local people, agriculture factory helps the agriculture product to export to other countries, like bananas, cassava, rubber, cashews, etc.

The other business are seek for opportunities in Cambodia too, more investor choose to invest in real estate, land and housing. No matter holding or resale, real estate will make a remarkable profit for investors. 

The free trade agreement will boost the business in Cambodia, and Cambodia's goods will be export to China soon, the strong connection between two countries are unbreakable. For investors, the future are promising.

Author/Amber

Compass Original

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