Investing
The government has solved many problems related to the business and
investment climate in Cambodia such as the reimbursement of
value-added tax for exported goods, extension of tax holidays
for garment factories, requirements for bank licensing, and the
extension of accommodation tax exemption for the tourism industry.
However, the main challenge the country will face over the next 10
years is the reduction of corruption and the strengthening of good
governance at central and provincial levels.
Government priority is to increase access
to international markets by integrating the Cambodian economy into
the regional and world economy; rehabilitate and develop
roads, airports, ports and other infrastructure including water
supply, electricity distribution and telecommunication networks; and
strengthen the legal framework, institutional capacity, investment
and business facilitation.
These developments will enable the government to better exploit the
potential of Cambodia's prime investment sectors
which include: agriculture, agro-industries, minerals,
processing, manufacturing, service, tourism and
labour-intensive industries.