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 Embassy  Home
Prime Minister Hun Sen’s Greetings to all Cambodians, on the occasion of Traditional Khmer New Year, The Year of Goat

Samdech Akka Moha Sena Padei Techo HunSen, Prime Minister of the Kingdom of Cambodia, has extended his warmest greetings and best wishes to all Cambodian compatriots living in the country and overseas on the occasion of the upcoming Traditional Khmer New Year (the Year of Goat), to be held from14-16 April 2015.....

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Statement of the Royal Government on July 15, 2014

Interview with Prime Minister Samdech Hun Sen

Can Cambodia maintain economic growth and social development against the backdrop of the global economic recession?

The global recession has taken us by surprise, but it seems to be a good test of our economic fundamentals. Cambodia’s economy is running some risk of slowing down amid the current crisis and as part of the business cycle. Real GDP growth is expected to be around 6.5 per cent for 2009, a bit lower than the growth rate for 2008. Key sectors like garments, tourism, construction and agriculture have been affected. The garment sector has been threatened by the sharp drop in demand in the US and EU; tourist arrivals declined significantly during late-2008 and early 2009; the construction sector has been slow; and the price of Cambodia’s main agricultural products, such as rice and rubber, has also dropped. Whilst we cannot eliminate the impact entirely, we can, however, lessen the magnitude of the impact on our economic and social development.

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Phnom Penh Special Economic Zone (PPSEZ)

Phnom Penh Special Economic Zone - a leading SEZ in the Kingdom of Cambodia and major industrial park in the vicinity of the capital: Phnom Penh. Centrally located at the heart of the region's east-west corridor, Phnom Penh SEZ offers your business a wide range of financial incentives - and your products easy and highly profitable access to the Japanese, US and European markets.

Link to Video:
http://www.youtube.com/watch?v=KsTRqTlhlCs


Sihanoukville Special Economic Zone (SSEZ)

Sihanoukville Special Economic Zone(SSEZ), is the first batch of overseas economic and trade cooperation zone, co-operated by Jiangsu Taihu Cambodia International Economic Cooperation Investment Co., Ltd and Cambodia International Investment Development Group Co., Ltd, and first cooperation zone of which reach a agreement between China and Cambodia, and also the first zone that establish the bilateral mechanism by government.

Link to Video:
http://www.ssez.com/en/company.asp?Ione=3
http://www.youtube.com/watch?v=30JysHYX398&feature=player_embedded


Agriculture
Last updated: 2013
Trade & Investment Promotion Unit - Royal Embassy of Cambodia - London
THE LAND OF OPPORTUNITIES

Cambodia has undergone sweeping changes in recent years, not only in the field of politics and security, but also in the country’s economic and social landscape. This stable, safe and secure environment is an essential precondition for Cambodia to realise its potential economic and social achievements and build a peaceful and prosperous nation...

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Rich in farmland

The Council for the Development of Cambodia (CDC) approved agricultural investment projects worth a combined $499.7 million in the first eight months of 2009, in comparison to $81.7 million worth of projects approved over the same period in 2008...

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Tourism
Last updated: 2013
Trade & Investment Promotion Unit - Royal Embassy of Cambodia - London

New Travel Destinations Discovered

The Kingdom of Cambodia is one of the world's most exciting travel destinations. After years of isolation, Cambodia opened to tourists in the mid-1990s and tourists’ numbers have increased every year since - 2012 the country seeing around 3.58 million tourists.

Cambodia’s primary tourist destinations - Angkor Wat and the other temples of Angkor near Siem Reap, the cultural attractions in the capital Phnom Penh, and the beaches of Sihanoukville – offer plenty of accommodations, restaurants and other tourist services...

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An Awarding Country with Pristine tropical islands

World’s second favourite long-haul destination
Cambodia was voted the world’s second favourite long-haul destination for British tourists at the 2009 Guardian, Observer and guardian.co.uk Travel Awards in the UK. Cambodia finished second to New Zealand and ahead of Chile (3); Vietnam (4); and Japan (5)...

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Banking
Last updated: 2013
Trade & Investment Promotion Unit - Royal Embassy of Cambodia - London

Cambodia’s banking sector maintained strong and steady growth in terms of loans and deposits in 2012.

The country’s commercial bank lent US$ 5.49 billion to the private sector in 2012, an increase of 30 percent over the same period in 2011. Ever increasing business activity saw more lending to the recovering real estate and construction sectors, agriculture, manufacturing, tourism and the service industry.

Deposits increased to US$ 6.02 billion up to November 2012, an increase of 24 percent over the same period in 2011; another positive sign that displays the growing confidence in the country’s banking system and its political stability...

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Cambodia Stock Exchange
Last updated: 2013
Trade & Investment Promotion Unit - Royal Embassy of Cambodia - London

With the basic purpose of achieving high economic growth by facilitating flows of capital, investment and reallocation of capital based on capital market mechanisms, in November 2006, The Ministry of Economy and Finance of the Kingdom of Cambodia and Korea Exchange signed a Memorandum of understanding on “the Development of the Securities Market in Cambodia”. Based on this Memorandum of Understanding, the Prime Minister, Samdech HUN Sen hosted an international conference in November 2007 and proclaimed to launch of the Cambodia Securities Market project...

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Garments
Last updated: 2013
Trade & Investment Promotion Unit - Royal Embassy of Cambodia - London

Ministry of Industry, Mine and Energy reported in 2012 the number of large-scale factories in Cambodia has increased by 29 percent to 907.

Those large-scale enterprises employed 559,600 employees last year, a 38 percent increase from 403,560 a year earlier. They produced products in equivalent to 5.4 billion U.S. dollars in 2012...

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Quality and Efficiency

Garment exports from Cambodia in 2008 were worth about US$2.8 billion, with 70 percent of shipments going to retailers in the United States. The European Union is the second-biggest market.


Oil and Gas
Last updated: 2013
Trade & Investment Promotion Unit - Royal Embassy of Cambodia - London

Cambodian Petrochemical Company and Sinomach China Perfect Machinery Industry Corp jointly announced to build the first oil refinery in Cambodia and the construction is expected to be completed at the end of 2015.

The oil refinery will cost 2.3 billion U.S. dollars and it will take 36 months to be constructed on the 80- hectare area within the boundary of Preah Sihanouk province and Kampot province...

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Future Economic Growth

The Royal Government of Cambodia has been actively seeking to promote and facilitate the development of the country's petroleum resources with the objective of enhancing economic growth and providing opportunities for employment and participation in petroleum operations for Cambodian nationals and companies. The development and production of petroleum resources could be expected to generate significant revenue for Cambodia and allow the country to continue to develop its infrastructure to form the basis of future economic growth. Cambodia might be sitting on as much as two billion barrels of oil and up to 11 trillion cubic feet of gas, according to reports by the World Bank and the United Nations Development Programme (UNDP).

“Depending upon the world price of oil, Cambodian reserves may be contributing annual revenues of $2 billion, several times the current level of domestic revenue and ODA (overseas development aid) combined — within perhaps five to ten years,” says a World Bank report.


Protected Areas
Last updated: 2013
Trade & Investment Promotion Unit - Royal Embassy of Cambodia - London

23 protected areas and 3 Ramsar sites

Cambodia pioneered the creation of protected areas in South East Asia in 1925 by setting aside the Angkor temple complex and surrounding areas for protection. In 1993, a Royal Decree established a national system comprising 23 protected areas classified under four major categories: National Parks, Wildlife Sanctuaries, Protected Landscapes, and Multiple Use Areas...

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Mineral Resources
Last updated: 2013
Trade & Investment Promotion Unit - Royal Embassy of Cambodia - London

Unexplored - Several Important Minerals Have Been Discovered

While Cambodia’s mineral resources remain largely unexplored, several important minerals have been discovered, which include bauxite, copper, zinc, gold, iron ore, nickel, granite, gemstones and tungsten. Minerals currently extracted include gemstones and gold - mostly mined by small-scale operators - marble, granite, sand, limestone and salt.

The Royal Government is committed to the protection and preservation of Cambodia’s environment and its natural resources, while meeting the needs of sustainable development. It is also committed to alleviating poverty, and ensuring that the benefits mineral resources eventually bring to the country are distributed throughout all levels of society.


Transportation
Last updated: 2013
Trade & Investment Promotion Unit - Royal Embassy of Cambodia - London

Railways

Cambodia's modern railway system commenced commercial rail operations on the 256- kilometre "Southern Line" between the capital city of Phnom Penh and Sihanoukville Port after years of renovation with the support from the development partners.

The commercial train service to the Port of Sihanoukville marks a significant development towards the completion of the long-awaited Pan-Asian railroad...

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Aviation

Currently, there are 11 airports in Cambodia. Over recent years, regular flights have only been available at two airports; Phnom Penh International Airport and Siem Reap International Airport. But, over the coming years flights are expected to increase to and from Shihanoukville International Airport...

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Waterways

Sihanouk Autonomous Port (SAP) is the country’s only deep seawater port and plays a significant role in the development of the economy.
With offshore oil field being developed nearby, a new multi-purpose terminal is planned, consisting of a supply base for the oil fields and a handling area for bulky materials such as wood chip or coal...

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TNT’s Asia Road Network Extended Into Cambodia

First fully-integrated express road service to and from Phnom Penh, Cambodia...

In 2009 TNT announced the extension of its successful Asia Road Network (ARN) into Cambodia, adding more than 1,500km to an existing 6,000km road network running from Singapore to Thailand to China...

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Telecoms
Last updated: 2013
Trade & Investment Promotion Unit - Royal Embassy of Cambodia - London

Land-lines, Mobile phones and Internet Established

The Ministry of Posts and Telecommunications (MPTC) was originally responsible for policy making and has held regulatory and supervisory roles, including issuing and administering licenses and frequency spectrum for the telecommunications sector.

MPTC was also the operator of Cambodia’s fixed-line network but, in January 2006, separated its telecom operation arm and established a new public enterprise called Telecom Cambodia, having provided its own assets equal to US$ 40.3 million and 700 staff members, to provide fixed-line service with the 023 prefix. Telecom Cambodia dominates the fixed-line service in Cambodia. It also operates the international connection.

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Few Limitations On Foreign Investment

Cambodia is an attractive investment destination for telecommunications operators due to its political stability, liberal investment and economic policies (Cambodia is a free-market economy with relatively few limitations on foreign investment and no specific restrictions on foreign investment in the telecommunications sector in Cambodia), and the perceived business opportunities arising from low levels of market penetration.

The general view of the private sector is that, given the emergent state of the Cambodian telecommunications market, the promotion of increased investment in infrastructure will best serve the long term interests of end users.


Invest in Cambodia
Last updated: 2013
Trade & Investment Promotion Unit - Royal Embassy of Cambodia - London

INVEST IN CAMBODIA'S FUTURE BY CONSERVING ITS PAST

Remarkable Recovery

In the last five years the Kingdom of Cambodia has enjoyed a rate of economic growth averaging 9.5 per cent per annum, while a Phnom Penh Stock Exchange is expected to be launched in the coming year. This is a remarkable recovery for a country and population whose fragmentation and displacement under Pol Pot’s regimen is an indelible memory for most adult Cambodians.

The people and government of Cambodia are determined to resurrect their country, and look back to the past glories of the Khmer empire for inspiration, as materially indicated by the national flag that figures the greatest symbol of that empire, the 12th century masterpiece of temple construction, Angkor Wat...

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Royal Embassy of Cambodia
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Willesden Green
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Email: cambodianembassy@btconnect.com

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