INTRODUCTION:
After decades of political mismanagement and civil war, Cambodia has recently begun to capitalize on its economic potential. Since adopting free-market economic policies in the 1990’s and increasing its integration within the international community, and in particular with its ASEAN neighbors, Cambodia’s economy has boomed.
Growing in the high single digits throughout the early 2000s, Cambodia’s well-endowed natural resources and cheap labor force has made it a compelling destination for foreign investment especially in the tourism, garments and other light manufacturing sector. Similar to Laos, being positioned between regional powerhouses Thailand and Vietnam, it’s very possible that Cambodia’s economy will enjoy residual benefits as investors use the country as a cost-effective hub for exporting to its neighbors and the wider region.
Eastern Century maintains close contact with high net-worth individuals and corporates in the country and is currently exploring several potential advisory mandates.
2015 data unless otherwise noted. IMF World Economic Database Version October 2015 and World Bank Data Base 2015
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