Reasons why You Really Should Proceed to Cambodia - Part 1

Where is Cambodia?

Cambodia Capital – Phnom Penh

Cambodia Statistic

Capital City: Phnom Penh
Area: 181,035km2
Climate: Tropical wet and dry
Population: Approximately 15million (1.2m in PP)
Government: Multi-Party Democracy
GDP: Average 6% per annum for past decade
Key Industries: Tourism, Textiles & Garments, Natural Gas, Agriculture, Construction, Timber
Currency: Riel (CR), US Dollar ($USD)
Membership: UN, IMF, WTO, ASEAN

Politics

As the country is recognized to have a multiparty democracy, it's nonetheless dominated with the Cambodian People’s Get together and Perfect Minister Hun Sen, who has been around power due to the fact 1985, and contains vowed in order to rule until he is 74 yoa.The Cambodian People’s Party will be the major ruling party within Cambodia together with 68 seats inside the National Assemblage and 46 seats inside the Senate. The oppositions are usually Cambodia National Rescue Party with 55 seats in the National Assembly but possess yet to compete in a senate elections along with the Sam Rainsy Party with 11 seats in the Senate.

Economics

GDP
It can be forecasted in which real GROSS DOMESTIC PRODUCT growth will accelerate for you to 7. 2 percent in 2014 right after standing at about 7 percent in 2013. Financial expansion will probably average 7. 5 % a year in 2015 to 2018 because external need strengthens.

Foreign Investment
Inflows involving world wide web unusual one on one investment decision were being buoyant in $1. 3 billion dollars, nevertheless which amount symbolized some sort of decrease in the earlier 12 months. Politics stress as well as attacks with regard to larger salaries by means of garment individuals led to a few dampening of investment decision with 2014. Even so, economic progress remains to be expected to simplicity in order to 7 % this coming year previous to picking up to be able to 7. 3 per cent in 2015.
Flight Statistics (Phnom Penh)
Steady increase in traffic into Phnom Penh.
Cambodia Airports group plan to extended the Phnom Penh International airport passenger terminal building and increase the capacity of passenger visits and transit through this destination up to 3 million per year in the future. The construction started in 2013 and is expected to finish by late 2015.

Transport

AIRPORTS
Cambodia possesses two international airports, and a complete of 3 commercial airfields. Siem Reap-Angkor International may be the largest along with serves by far the most international arrivals in and from Cambodia. This is followed by means of Phnom Penh Airport terminal and Sihanoukville.
HIGHWAYS
Highways will be upgraded to international standards and a lot are significantly improved by 2006. Most primary roads are paved and also road structure is on-going through the Thailand national boundaries at Poipet to be able to Siem Obtain.
RAILWAYS
You'll find two railroad lines throughout Cambodia, both via Phnom Penh. Totalling about 612 kilometres of one, one metre measure track, the lines run to Sihanoukville around the southern coast also to Sisophon. A third line is actually planned to plug Phnom Penh along with Vietnam, one more missing link of the planned rail corridor involving Singapore and also the city involving Kunming, The far east.
SEAPORTS AND HARBORS
Cambodia features five small ports and also two major ones, especially Sihanoukville Slot and Phnom Penh Vent. The latter of which is located on the junction associated with Bassac, this Mekong, along with the Tonle Sap waters, and is an important interface for global commerce as well as for every day communications..

Key Reasons Investing in Cambodia

Political Stability
Strong leadership within Prime Minister Hun Sen considering that 1998
Advantageous Location
Monetary spillover by Thailand & Vietnam
Midway among China and also India
Historic trade by means of Gulf regarding Thailand.
Favourable Investment & Business Climate
100% dangerous ownership granted (except intended for land)
Easy repatriation of profits
Cambodia Stock exchange listing considerations non-onerous
Generally “Dollarized” Financial system
Stable monetary policy (US$)
Increasing Trade Integration
WTO & ASEAN member's program offers regional trade benefits
Duty free or preferential export access to most developed economies.
Advantageous Labour Conditions
Among Asia’s lowest-cost workforces
Plethora of fresh, energetic, trainable workers
Rising literacy charge has exceeded 75%.
Untapped Natural Resources & Land
Favorite tourism web-sites (beaches, islands, history, way of life, nature)
Abundant calcium deposits
Off-shore oil and gas reserves
Fertile property for farming & grinding.
Growing Domestic Market
Younger population
Active workforce participation
Household formation increases desire for houses
Urbanization
Getting power doublin.
To be continued at The Bay Cambodia Residential