Cambodia Geography, Culture, and Economy

Cambodia is a South East Asian country surrounded by the Gulf of Thailand, Vietnam, Laos, and Thailand. It has natural resources in hydropower, minerals and fertile land. Cambodia is a kingdom with a parliamentary constitutional monarchy. Most Cambodians (about 96.6%) speak Khmer, which is the official language and practice Buddhism. Cambodia experienced a steady average economic growth of 7 percent since 2012, with a real GDP growth rate reaching 6.9% in 2017. This growth was influenced by construction activity, high public spending and a boost in tourism.

Cambodia still largely depends on international aid from countries such as China. Services comprise the largest share of GDP at 43.5 percent. Tourism, specifically gambling and betting services, include the largest share, followed by the industry sector at 32.8 percent. This includes tourism, the garment industry, construction and rice milling, among many others. Agriculture represents the remaining 25.3 percent, producing rice, rubber, and corn, vegetables and cashews.

April 14Khmer New Year Day (Day 1)
April 15Khmer New Year Day (Day 2)
April 16Khmer New Year Day (Day 3)
April 26Visak Bochea Day
April 30Royal Plowing Ceremony
May 1Labour Day
May 14King’s Birthday
September 24Constitutional Day
October 5Pchum Ben Festival
October 6Pchum Ben Festival
October 7Pchum Ben Festival
October 15Commemoration Day of King’s Father
October 29King’s Coronation Day
November 9Independence Day
November 18Water Festival Ceremony (Day 1)
November 19Water Festival Ceremony (Day 2)
November 20Water Festival Ceremony (Day 3)
  • SP (Sole Proprietorship)
  • GP (General Partnership)
  • LP (Limited Partnership)
  • SM Pte Ltd. (Single Member Private Limited Company)
  • Pte Ltd. (Private Limited Company)
  • Plc Ltd. (Public Limited Company)
  • PEEC (Public Establishment with Economic characteristics)
    State Company
  • State Joint Venture Company
  • Import Export Co., Ltd
  • Corporate Tax: 20%
  • Income Tax (Lowest Marginal Rate): 0%
  • Income Tax (Highest Marginal Rate): 20%
  • VAT/GST/Sales Tax: 10%
  • Bank for Investment and Development of Cambodia Plc (BIDC) (Commercial Bank)
  • Booyoung Khmer Bank (BKB) (Commercial Bank)
  • Cambodia Asia Bank Ltd (CAB) (Commercial Bank)
  • CIMB Bank PLC (CIMB) (Commercial Bank)
  • Cambodia Mekong Bank Public Ltd (CMB) (Commercial Bank)
  • Cambodian Commercial Bank (CCB) (Commercial Bank)
  • Cambodian Public Bank (Campu Bank) (Commercial Bank)
  • Union Commercial Bank PLC (UCB) (Commercial Bank)
  • First Commercial Bank Phnom Penh Branch (FCB) (Commercial Bank)
  • Foreign Trade Bank of Cambodia (FTB) (Commercial Bank)
  • HwangDBS Commercial Bank PLC (HDBSCB) (Commercial Bank)
  • Kookmin Bank Cambodia PLC (KBC) (Commercial Bank)
  • Krung Thai Bank PLC, Phnom Penh Branch (KTB) (Commercial Bank)
  • Vattanac Bank Ltd (VBL) (Commercial Bank)
  • Maybank Phnom Penh Branch (Maybank) (Commercial Bank)
  • OSK Indochina Bank (OSKIBL) (Commercial Bank)
  • Phnom Penh Commercial Bank (PPCB) (Commercial Bank)
  • Saigon Thuong Tin Commercial Joint Stock Bank (Sacom Bank) (Commercial Bank)
  • Shinhan Khmer Bank (SKB) (Commercial Bank)
  • Advanced Bank of Asia Ltd (ABA) (Foreign Bank)
  • Australia and New Zealand Royal Bank ( Cambodia ) Ltd (ANZ Royal Bank) (Foreign Bank)
  • Bank of China Limited Phnom Penh Branch (BOC) (Foreign Bank)
  • Bank of India Phnom Penh Branch (BOI) (Foreign Bank)
  • Canadia Bank PLC (CNB) (Foreign Bank)
  • Krung Thai Bank PLC, Phnom Penh Branch (KTB) (Foreign Bank)
  • Maruhan Japan Bank (MJB) (Foreign Bank)
  • Maybank Phnom Penh Branch (Maybank) (Foreign Bank)
  • Singapore Banking Corporation Ltd (SBC) (Foreign Bank)

Aadmi can support you with your expansion to Cambodia. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

June 10, 2021
Are you planning a business expansion but are unsure of where your next location should be? We get it! Making such a huge decision is no joke because your next business loc...
June 09, 2021
When choosing a new job, there are many factors that need to be taken into consideration. For some, these may include a shorter commute, while for others, the benefits that...
June 08, 2021
Brazil is the ninth-largest economy in the world and is growing in appeal for foreign investors. While payroll compliance in Brazil is complex, you can get a good general i...
June 05, 2021
Setting up new operations in a new country can be a very exciting time for your organization’s growth; It can also be incredibly challenging. Here are a few best practices ...