Embassy Home |
 |
Prime
Minister Hun Sen’s New Year Message 2013
Samdech Akka Moha Sena Padei Techo Hun Sen, the Prime Minister of the
Kingdom of Cambodia, has extended warmest greetings and best wishes to
all his beloved compatriots at home and abroad on the occasion of Khmer
New Year (Year of Snake).
Prime Minister Samdech Hun Sen said, in his New Year message, “I
would like to join with all compatriots who are living in the country
and overseas in celebrating Khmer Traditional New Year at the same time
when the developments in all domains have been progressing in the Kingdom
of Cambodia.”...
|
|
 |
Prime
Minister Hun Sen’s Speech at the Closing of the Annual Conference
of the Ministry of Agriculture, Forestry and Fisheries 2012-2013 and Direction
Setting 2013-2014
(Excerpt)
The agriculture sector today is still playing significant role in promoting
local production growth, job creation, and contributing to the poverty
reduction of the people. Besides, the agriculture sector will continue
the basic role for economic growth and socio-economic development in Cambodia
in the coming decades although Cambodia has diversified her economy, including
industrialization...
|
|
|
 Photo of Ambassador Hor Nam Bora with the incoming ASEAN Secretary General Le Luong Minh at the London Asia House |
Cambodia’s
ASEAN Chair 2012 Brings New Business and Other Opportunities - By Ambassador
Hor Nam Bora Cambodia is greatly honored
and proud to assume the chairmanship of ASEAN in 2012 with ownership and
high responsibility in order to make contribution towards realizing our
common goal which is the establishment of the ASEAN Economic Community
in 2015. It was actually the second time Cambodia had assumed the top
position in ASEAN, and taken possession of the rotating chairmanship.
|
|
|
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.
|
 |
The Ministry of Foreign Affairs and International
Cooperation has launched e-Visa, which enables you to apply for a Cambodia
tourist visa
online. Instead of applying through Cambodian Embassy, all you need
to do is to complete the online application form and pay with your credit
card. After receiving your Visa through email, print it out and bring
it along with your valid passport when entering Cambodia. |
e-Visa is only available
for Tourist visa type only. For those who wish to apply other types
of visa, please appy through your nearest Cambodian Embassy within
your region.
|
| Entry type |
Single entry only |
| Fee |
USD20.00 + USD5.00 (processing charge) |
| Validity |
3 months (starting from the date of issue) |
| Length of stay |
30 days (more) |
| Processing time |
3 business days |
| Requirements |
A passport validity of more than six months balance at time of entry,
a recent passport-size photo in digital format (JPEG or PNG format),
a valid credit card (Visa/MasterCard/American Express/Discover). |
| Visa exemption |
Laos, Malaysia, Philippines, Singapore, Vietnam |
| Countries not supported |
Afghanistan, Algeria, Arab Saudi, Bangladesh, Iran, Iraq, Pakistan,
Sri Lanka, Sudan (Please apply your Visa from your nearest embassy
or on-arrival at all major checkpoints) |
|
|
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...
|
 |
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 $81.7 million worth of projects approved
over the same period in 2008...
|
Tourism Last updated: 2013 Trade & Investment Promotion Unit - Royal Embassy of Cambodia - London
|
 |
New Travel Destinations Discovered
The Kingdom of Cambodia is one of the world's most exciting travel destinations.
After years of isolation, Cambodia opened to tourists in the mid-1990s
and tourists’ numbers have increased every year since - 2012 the
country seeing around 3.58 million tourists.
Cambodia’s primary tourist destinations - Angkor Wat and the other
temples of Angkor near Siem Reap, the cultural attractions in the capital
Phnom Penh, and the beaches of Sihanoukville – offer plenty of accommodations,
restaurants and other tourist services...
|
 |
An Awarding Country with Pristine
tropical islands
World’s second favourite long-haul destination
Cambodia was voted the world’s second favourite long-haul destination
for British tourists at the 2009 Guardian, Observer and guardian.co.uk
Travel Awards in the UK. Cambodia finished second to New Zealand and ahead
of Chile (3); Vietnam (4); and Japan (5)...
|
Banking Last updated: 2013 Trade & Investment Promotion Unit - Royal Embassy of Cambodia - London
|
 |
Cambodia’s banking sector maintained
strong and steady growth in terms of loans and deposits in 2012.
The country’s commercial bank lent US$ 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...
|
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...
|
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...
|
 |
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...
|
 |
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...
|
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...
|
 |
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...
|
 |
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...
|
 |
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...
|
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.
|
 |
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...
|
|
|
|