
With regard to investments in the private sector, the Royal Government of Cambodia formed a one-stop service mechanism, allowing investors to possibly gain access to package approvals on application forms for investments. Cambodia also signed a bilateral agreement on encouragement and protection of investments with several countries, including countries in the regional and global frameworks such as ASEAN, APEC, the United States of America, Europe and East West regions.
In the near future, the commercial registration office will establish its branch in Preah Sihanouk province to facilitate commercial affairs in Preah Sihanouk, Takeo, Kampot and Koh Kong provinces, whereas a branch of the commercial registration office at Kratie province will be founded to facilitate commercial affairs in Kratie, Stung Treng, Mondulkiri and Rattanakiri provinces. Cambodia has been continuing to boost exportation of its agricultural products to international markets assisted by the government. This includes integration of agricultural products and goods combined as business associations, including Pepper Development Association, Palm Sugar Development Association, Northwest Regional Agricultural Association and Prahok Development Association at Kompoung Klaing and also continuing to arrange a Cashew Development Association. The laws in practice which make investors and commercial communities confident are as follows:
- Law on Commercial Rules and Register
- Law on the Management of Quality and Safety of Products and Services
- Law concerning Marks, Trade Names and Acts of Unfair Competition
- Law on Commercial Enterprises
- Law on Commercial Arbitrator
- Law on Warranted Operation
- Law on Bankruptcy
With regard to the Cambodian tourism field, the Royal Government excepted visas for Khmer citizens and others of the 07 ASEAN member countries, including Singapore, Philippine, Laos, Vietnam, Malaysia and China countries (except for Hong Kong territory).
Macro Economic Sector
Cambodia proved figures of 13.3 percent of highest annual growth rate in 2005, and in late 2007 Cambodia suffered global financial crisis which led to Cambodian economic condition in 2008 to decline, compared to Cambodian economic condition in 2003 and 2007, and recovered in annual average rate of 6.7 percent.
Non-Bank Financial Sector contains:
- Securities sector leading to the establishment of securities markets and diversification of new financial tools which are choices for investors to mobilize capital in small portions assembled as a huge capital under the Law on State Securities and Law on Publication and Public Securities Trading which form regulators to play a role in ensuring to enable markets to process in an effective, transparent manner and good order.
- Insurance Sector hasn’t been broadly developed yet as currently Cambodia contains five private companies and one insurance company that are mixed companies and conducting insurance business with merely approximately US$20 millions of gross dividend for 2008.
- Micro Finance: The Royal Government of Cambodia and private sectors have strived to conduct social-economic developments; in particular it founded funds for supporting and developing agricultural and agro-industrial sectors with the aim of pushing for the provision of financial resources to small-scale and medium-scale enterprises.
- Real Estate Business: In the direction of managing real estate business, Cambodia established a National Evaluators Association and merged this association into a rightful member of ASEAN Evaluators Association as well as formed inter-ministerial working groups to control real estate development business.