Cambodia's market is large enough to actually create a lot of demand for foreign direct investment, from product manufacturing to service sectors. Cambodia is using Riel (KHR, ៛), it is a country that is covered by trade organizations such as ASEAN, SCO, AFTA and WTO. ASEAN is the Association of Southeast Asian Nations, this is actually an association that has economic union and political union of at least ten member states in the Southeast Aisa, helping intergovernmental cooperation and facilitating economic, security, educational, military, sociocultural, and political integration between those members and countries within the Asia-Pacific. Shanghai Cooperation Organization (SCO) is a Eurasian economic, security and political organization. It is the largest regional organization in the world, with approximate coverage of Eurasia’s 60%, consisting of the world population’s 40% as well as more than 30% of global GDP. AFTA is ASEAN free Trade Area trade bloc agreement by the Southeast Asian Nations Association that can support local trade as well as manufacturing in all ASEAN countries, and facilitate economic integration with both regional and most importantly too, international allies. The world trade organization (WTO) is actually an intergovernmental organization that helps to regulate and facilitate international trade, governments use the organization to do establishment, revise and rules enforcement that assists to govern international trade.
Cambodia's market is having a sustainable economical cycle and it has unlimited exposure opportunities there, never underestimate the program launched by the Cambodian government, since it allows you to do as many as you can if you are capable. Cambodia does have projects that can assist the foreign investors to actually boost their portfolio as well as their wealth, therefore, it is possible to allocate more resources to the country for the sake of constructing positive consequences. In the meantime, there is a certain scope of work that most foreign contractors or investors would require assistance from the locals. Working side by side with the local Cambodians is good because it creates a lot of difference compared to collaborating with foreign workers since this market requires a high level of cultural integrity in terms of communication from paperwork, language, protocol to more. All of us know, that we need a local guide when we are not familiar with the local people, place and many more. The job is not so easy as, these locals must understand well of the foreign language and those Do’s, as well as those Dont’s.
In order to have further advancement, we must not reluctant to share the technical know-how and resources with the local people as well as the enterprise. There could be more and more to learn, but then the beginning must be moving right so the local market would not be against it and take it as an opportunity to grow themselves, their organization and their country. Like many underdeveloped countries also take time to leap into another stage, the same applies to middle-income nations that wish to transform into high-income nations. Of course, there are more and more industrial players keen to explore Cambodia due to the affordable labour cost and also the living expenses. On the other hand, there are also chances that some industries are not really generating a lot of lucrative income compared to the equivalent products. For instance, palm oil has competitive advantages in countries such as Malaysia, Indonesia and other nations. However, there is an expectation discrepancy that makes the risk to nation when foreign direct investment (FDI) cannot meet their requirement in funding.
Where to Get Product and Service in Cambodia, Malaysia & Asia
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