Cambodia’s Investment Outlook For 2019
News Type: Marketing News
Cambodia is an attractive investment destination for businesses looking to expand in ASEAN. A steady economic growth of around 7% in recent years is forecasted to continue in 2019.
The growth rate is the highest amongst the fast-growing ASEAN nations. However large-scale reforms are needed to support this growth and to make the country competitive on a global level.
Economic Performance in 2018
In the second quarter of 2018, the FDI inflow increased for the fifth consecutive time in the last two years to US$ 832 million. In 2018, the garment industry and tourism sector primarily supported the economic performance of the country.
The garment industry expanded in 2018 owing to relocation of companies to Cambodia due to rising wages in China and several factory incidents in Bangladesh. In the first half of 2018, garment exports increased by 11%.
Cambodia has very open investment laws and offers a range of incentives to investors. In combination with its close proximity to production facilities in Thailand and Vietnam as well as the Chinese market, the country represents a perfect investment opportunity.
Source From： Textitle Excellence
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