Why invest in Phnom Penh?
- Political stability. Although in the past decades the country witnessed war and civil unrest, in recent years the ASEAN member’s socio-political has turned 180 degrees, and it enjoys a relatively peaceful era under Prime Minister Hun Sen.
- Macroeconomic stability. Chantol notes that Cambodia’s developing economy has an anticipated high-growth outlook.
- Low inflation.
- Stable exchange rate.
- Low debt-to-GDP rate.
- Investment incentives. The country has an existing investment law that provides very generous incentives for investors.
- No exchange control.
- Lack of alien business law.
- Openness. Every economic sector is open to foreign investors. But the 2015 World Justice Project states that the country has a long way to go in legal openness, ranking 102 out of 102 in its latest index.
- Full ownership. Foreign investors can own 100 percent of their business or enter into joint ventures.
- Fluidity. Money can be easily transferred into or out of the country.
- Young workforce. Chantol says that Cambodia has a “young, dynamic, and hard-working work force” with a nation-wide average age of 24.1 years, which means its labour force offers another 30 years of productivity.
- Strategic location. The country is located in the heart of ASEAN region.