The Kingdom of Cambodia is situated in South-east Asia, sharing borders with Thailand, Laos, and Vietnam.
90% of the Cambodian population is Khmer;
The capital, Phnom Penh (2 million people) is the economic and political centre of Cambodia;
Type of Government: Unitary Parliamentary constitutional monarchy;
Monarch of Cambodia: Norodom Sihamoni;
Cambodian Independence: 1953 (from France);
Cambodian Area: 181,035 km²;
Cambodian population: 15.5 million people;
Official language of Cambodia: Khmer. French is also spoken.
TheravadaBuddhism is the religion of 95% of the population (38 million).
Cambodia belongs to the Buddhist Civilization
Cambodian Economy.
Cambodia is a member of the ASEAN
since 1998;
Cambodia has accomplished a high
economic growth (average of 9.4% annually);
The Manufacturing production is focused on the garment sector, these products dominate the Cambodian exports, especially to the U.S.;
The Cambodian service sector is strongly concentrated in the commerce activities and catering-related services;
The Royal Government of Cambodia has approved twenty-one Special Economic Zones situated along the border with Thailand and Vietnam (Koh Kong, Poipet, Savet, and Phnom Den), at Sihanoukville and Phnom Penh;
Companies within the Special Economic Zones benefit from some fiscal incentives (revenue tax, customs, VAT
benefits...);
Received economic aid: 989 million dollars in grants or concessional loans;
Cambodian currency: Riel (KHR).
Total value of import augmented by 21% (from 1.990 to 2,409
billion riels), compared to the same last year;
Total value of Cambodian export amount 1.045 million dollars, an augmented by 30.04% (from 804 million dollars, compared to same period last year) (Source: Customs and Excise Department);
Top Cambodian exports products are garments, shoes, cigarettes, natural rubber, rice, pepper, wood, and fish;
Largest export markets of Cambodia
are the U.S., Germany, the UK, Singapore, Japan, and Vietnam;
Top Cambodian imports are fuels, cigarettes, vehicles, consumer products, and machinery;
Top Cambodian import partners are Thailand, Singapore, China, Hong Kong, Vietnam, Taiwan, and the U.S.;
The Sihanoukville Autonomous Port is the only international seaport of the Kingdom of Cambodia.
Foreign direct investment in Cambodia.
The Kingdom of Cambodia has opened its economy to Foreign direct investment (FDI) in all the sectors of the economy (banking, insurance, or telecommunications);
Foreign investors in Cambodia are allowed to control 100% of the shareholding, without the local participation requisite;
The largest foreign direct investment sources comes from Korea, China, Russia, Thailand, the U.S., and Vietnam.
(c) EENI Global Business School (1995-2023)
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