Description: The Investment Climate Assessment 2014 : Creating Opportunities for Firms in Cambodia

The Investment Climate Assessment 2014 : Creating Opportunities for Firms in Cambodia

Over the past decade, Cambodia has more than halved its rate of poverty thanks to economic growth averaging 8 percent per annum, strong export performance, and positive changes to the investment climate. Cambodia is an attractive investment destina...

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Bibliographic Details
Main Authors:	World Bank, Asian Development Bank
Language:	English en_US
Published:	World Bank, Phnom Penh 2015
Subjects:	ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCING ADMINISTRATIVE BURDEN ADMINISTRATIVE PROCESS ADMINISTRATIVE PROCESSES ADVANCED DEGREES AUTOMATION BANK LOAN BANK OFFICE BANKING SERVICES BARRIER BARRIERS TO ENTRY BRIBES BUSINESS ENVIRONMENT BUSINESS OPERATION BUSINESS PRACTICES BUSINESS PROCESSES BUSINESS REGISTRATION BUSINESSES CAPABILITY CAPITAL INTENSITY CERTIFICATE CERTIFICATES CHAMBER OF COMMERCE COAL COLLATERAL COMMERCE COMPETITION LAW COMPETITION LAWS COMPETITIVENESS CONNECTIVITY CONTRACT ENFORCEMENT COPYRIGHT CORRUPTION COST OF FINANCE CREDIT BUREAU CREDIT GUARANTEE CREDIT GUARANTEE FACILITIES CREDIT INTERMEDIATION CREDIT RATING CREDITORS CUSTOM CUSTOMS CUSTOMS CLEARANCE CUSTOMS DECLARATION DEVELOPMENT BANK DISPUTE RESOLUTION DIVERSIFICATION E-COMMERCE E-COMMERCE LAW E-PAYMENTS ECOMMERCE ECONOMIC GROWTH ECONOMIC INTEGRATION ELECTRICITY ELECTRICITY INFRASTRUCTURE EMPLOYMENT ENFORCEMENT OF CONTRACTS ENTERPRISE SURVEY ENTERPRISE SURVEYS ENVIRONMENTAL ENVIRONMENTS EXPANSION EXPORT BASE EXPORT MARKETS EXTERNAL SHOCKS FACE-TO-FACE CONTACT FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SERVICES FINANCING ACCESS FIRM SIZE FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FOREIGN ENTERPRISES FOREIGN FIRMS FOREIGN INVESTMENT FOREIGN INVESTORS GOVERNANCE INDICATORS GOVERNMENT CONTRACT GOVERNMENT REGULATIONS GOVERNMENT SERVICES GROSS DOMESTIC PRODUCT HARMONIZATION ICT IMAGE INCOME INDUSTRIAL DEVELOPMENT INFORMAL ECONOMY INNOVATION INSPECTION INSPECTIONS INTERNATIONAL BEST PRACTICE INTERNATIONAL BUSINESS INTERNATIONAL STANDARDS INVESTMENT CLIMATE ISSUE OF ACCESS JOB OPPORTUNITIES JUDICIAL ENFORCEMENT JUDICIAL SYSTEM LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LACK OF ACCESS LAWYERS LEGAL SYSTEM LENDERS LICENSE LICENSES LICENSING LINE OF CREDIT LOAN APPLICATIONS LOCAL BUSINESS LOW-INCOME COUNTRIES MANAGEMENT SYSTEM MANUFACTURERS MANUFACTURING MANUFACTURING INDUSTRIES MARGINAL REVENUE MARKET ACCESS MATERIAL NEW COMPANY NEW MARKETS NEW PRODUCT NEW TECHNOLOGY OPERATING COSTS OUTPUT OUTPUTS POLICY MAKERS POTENTIAL INVESTMENT PREFERENTIAL ACCESS PRIVATE SECTOR PRODUCERS PRODUCTIVITY GROWTH PROFITABILITY PROPERTY RIGHTS RAMP;D REFORM PROGRAM REGIONAL INTEGRATION REGULATORY ENVIRONMENT REGULATORY POLICY REGULATORY REFORM REGULATORY REQUIREMENTS RELIABILITY RENEWABLE ENERGY RESULT RISK MANAGEMENT SALES REVENUE SECURITIES SECURITIES MARKET SHOPS SKILLS SHORTAGES SMALL FIRMS SME SOCIAL WELFARE START-UP TAX TAX INCENTIVES TAX RATE TAX RATES TAXATION TECHNICAL SKILLS TELECOMMUNICATIONS TRADE FACILITATION TRANSMISSION TRANSMISSIONS TRANSPARENCY VALUE CHAIN VALUE CHAINS WAGES WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2014/01/23946799/null http://hdl.handle.net/10986/21529

Description
Summary:	Over the past decade, Cambodia has more than halved its rate of poverty thanks to economic growth averaging 8 percent per annum, strong export performance, and positive changes to the investment climate. Cambodia is an attractive investment destination as it is strategically located at the center of Association of South East Asian Nations (ASEAN), creating significant opportunities for integration into regional and global value chains. With a changing global environment, Cambodia is likely to face increasing challenges maintaining and expanding market access in a dynamic and highly competitive region. The Royal Government of Cambodia (RGC) recognizes the importance of enhancing the investment environment and has initiated a series of reforms. Progress has been greatest on trade facilitation, as reflected by the impressive improvement in Cambodias ranking on the World Banks logistics performance index (LPI). Despite the governments effort at introducing reforms to improve the investment climate, the business environment continues to hamper the competitiveness of firms in Cambodia. The RGCs rectangular strategy identifies the importance of automated trade and business processes, and the need for regulatory reform. The RGC is currently developing its industrial development policy 2014-2024 that deals with many of the issues raised in this report. The RGC will focus on broadening the manufacturing base, attracting new investment, and creating growth poles around the current manufacturing anchors.

The Investment Climate Assessment 2014 : Creating Opportunities for Firms in Cambodia

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