More investors are seen investing in Cambodia, both in import / export and also foreign direct investment with steady growth. Cambodia has undergone much change from a third world country to a urbanized kingdom, mainly from government pro-business policies which attracts the influx of foreign investors and MNCs.
Few possible reasons for the tremendous growth in phnom penh, Cambodia.
Strong GDP Growth
: Cambodia has experience high GDP growth since 1999 with an average of 8%.
Young and Value for money workforce
: Workforce remains lowest in Asia and most of them are now literacy.
: with Prime Minister Hun Sen in power since 1985.
Pro Business and Investment Policy
: No Capital Gain Tax, attractive investment incentives and 100% foreign ownership.
Increase Trade Integration
: Part of ASEAN member which offers duty free or preferential export to region and other Countries
1st Mover Advantage
: As Cambodia starts to open up for foreign, its open a first mover advantage as compared to other South East Asia countries which is still developing or is already developed. It thus presents a last investment frontier in the region.