Cambodia

Economic Profile

Cambodia has achieved high economic growth and poverty reduction in the last two decades, mainly driven by the garment exports and tourism industries. Despite that, challenges still lie ahead as the country aspires toward a more competitive economy, as well as increasing productivity, building strong and effective institutions and expanding opportunities for all Cambodians.

SGP X KHM: Given the relatively small market size of 16 million and evolving business landscape, SMEs tend to be nimbler in identifying the niche opportunities and navigating the Cambodian market. There is much potential for Singapore SMEs to contribute to Cambodia’s growth and development, especially in the areas of agriculture, education, healthcare and tourism.

Industry

Textile
Cambodia’s major and greatest source of hard currency is its textile industry.

Exports
Cambodia export products such as clothing, timber, rubber, rice, fish, tobacco and footwear.

Tourism
Tourism has become an important source of revenue. and the fastest-growing segment of the economy.

Places of Interest

Bayon Temple
Built late 12th century

The Bayon is a richly decorated Khmer temple. It’s most distinctive feature is the multitude of serene and smiling stone faces which jut out from the upper terrace and cluster around its central peak.

Angkor Wat
City of temples

The largest religious monument in the world, this temple complex was built in early 12th century. It displays the classical style of Khmer architecture and remains a prime attraction for visitors.

Local Food

Fish Amok
Cambodia’s signature dish, comprising creamy curry, diced fish fillet in egg, fish sauce and palm sugar.

Kuy Teav
A popular street food. Noodle soup made from pork or beef bones and rice vermicelli, with pork/fish balls added.

Beef Loc Lac
This dish consists of stir-fried beef strips atop lettuce, tomatoes, cucumbers, raw onions with a lime juice & pepper dip.