Less Restrictions in the Labor Market
On the basis of the Index of Economic Flexibility by the United States, Cambodia takes the 35th place when it comes to countries having an open economy, The study was done in 2003, and it included 170 places through the world. In terms of financial flexibility, Cambodia is on level with Japan, and it’s very ahead of different Asian countries such as Vietnam, Indonesia and Malaysia. Although Cambodia might not be free from problems that are related to politics and government plans, the state welcomes international investors because of the country’s high market-friendliness factor.
One of many parts that Cambodia titles plans to attract international investors is tourism. The united states characteristics a remarkable ethnic advantage in their historical temples in the Angkor Complicated, and Cambodia wants to achieve in regards to a million tourists in the coming years due to its amazing tourist sites. Still another important asset that Cambodia get could be the job force. While these employees may be poorly-trained, this is a issue which can be settled simply because they are prepared to be qualified and hardworking. International investors will even appreciate the truth that work costs are very minimal, unlike in different Asian nations including Thailand and Vietnam.
Abundant Natural Sources
Cambodia has a fertile land that possesses a wealth of agricultural commodities. Moreover, you’ll find so many vitamin deposits that are left untapped, along with off-shore gas and oil reserves. Last but most certainly not least, there is a good potential that the united states presents for individuals who are willing to purchase livestock farming and aquaculture.