A summary of an article from thestar.com.my
Cambodia has recently received a positive signal from the international community for its efforts to combat money laundering and terrorism financing. The Financial Action Task Force (FATF), a global watchdog, has removed Cambodia from its grey list after the country implemented several reforms and measures to address its deficiencies. This has increased the confidence of foreign investors who see Cambodia as a promising destination for investment.
According to financial and private sector experts, Cambodia has many advantages that attract foreign investors, such as its stable political situation, high economic growth rate, young population and strategic location. Some of the sectors that have received significant investment are banking, real estate, tourism and agriculture. Moreover, Cambodia has also enhanced its trade relations with other countries through preferential agreements with China, South Korea and others. It has also participated in regional initiatives such as the Regional Comprehensive Economic Partnership (RCEP) and the Belt and Road Initiative (BRI), which offer opportunities for market access and connectivity.
However, experts also cautioned that Cambodia needs to continue to improve its business environment and competitiveness in order to attract more quality investments and achieve sustainable development. Some of the areas that need further improvement are legal framework, governance, infrastructure and human resources. Experts suggested that Cambodia should adopt international standards and best practices, strengthen its institutions and regulations, upgrade its physical and digital infrastructure and develop its human capital.
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