Cambodia Now: Tue 20-Aug-2019 1:15 AM
  • Countryside/Cambodia Beach
  • Preah Vihear/Borkor Mount
  • Busra Water Fall/Kirirom
  • Phnom Penh City
  • Floating Village on Tonle Sap
  • Bird Sanctuary, Prek Tol
  • Thansur Bokor Highland Resort
  • SihanoukVille View
  • Water Front of Royal Palace
  • Koh Kong, 4 Rivers Floating Lodge
  • Angkor Wat - Cambodia
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Economy

The economy of Cambodia at present follows an open market system (market economy) and has seen rapid economic progress in the last decade. Per capita income, although rapidly increasing, is low compared with most neighboring countries. Cambodia's two largest industries are textiles and tourism, while agricultural activities remain the main source of income for many Cambodians living in rural areas. The service sector is heavily concentrated on trading activities and catering-related services. Recently, Cambodia has reported that oil and natural gas reserves have been found off-shore. In 1995, the government transformed the country's economic system from a planned economy to its present market-driven system. [5] Following those changes, growth was estimated at a value of 7% while inflation dropped from 26% in 1994 to only 6% in 1995. Imports increased due to the influx of foreign aid, and exports, particularly from the country's garment industry, also increased.

After four years of improving economic performance, Cambodia's economy slowed in 1997-98 due to the regional economic crisis, civil unrest, and political infighting. Foreign investments declined during this period. Also, in1998 the main harvest was hit by drought. But in 1999, the first full year of relative peace in 30 years, progress was made on economic reforms and growth resumed at 4%.

Currently, Cambodia's foreign policy focuses on establishing friendly borders with its neighbors (such as Thailand and Vietnam), as well as integrate itself into regional (ASEAN) and global (WTO) trading systems. Some of the obstacles faced by this emerging economy are the need for a better education system and the lack of a skilled workforce; particularly in the poverty-ridden countryside, which struggles with inadequate basic infrastructure. Nonetheless, Cambodia continues to attract investors because of its low wages, plentiful labor, proximity to Asian raw materials, and favorable tax treatment.

Below Cambodia Geographical Map


 

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Our profit from tour-packages contribute directly to the local charity school to support "The poor, homeless, street, disabled, victim, destitute and orphans" in our community (Chongkoasou, Siem Reap). And it also enables us to participate in improving their quality of education, lifestyle, hygienic, clean water, while expecting and promoting cultural traditions and Khmer values.                       As you know that, Cambodia is one of the poorest countries in the world and is still facing the current problems surrounding poverty.