Cambodia is a rapidly changing society that still gets insufficient notice from investors but presents many opportunities for the investors willing to research and proceed prudently.
Cambodia is developing country which can control its stable growth after the global economic crisis with its Gross Domestic Product (GDP) growth of 7.1% in 2011, follow after 7.0% in 2012 and 2013. The Cambodian government expects that GDP is growing up to and around 7.3% in 2014.
By the latest of Economic census in 2011, there were 503,008 establishments in Cambodia, except those as classified in the United Nations International Standard Industrial Classification of Economic Activities. The number of establishments was increased by 34.1%, comparing to 375,095 establishments in Establishments Listing 2009. Large-size firms, 636 establishments, occupy only 0.13% in all Cambodian establishments, while micro establishments, 483,117, occupy 98.0%. This condition provides us the good sense of SMEs improvement and development throughout Cambodia.
SMEs are backbones of Cambodian Economy, which is now on the development scheme of Cambodian Government for this mandate. There was a 29.0% increase in total of SME factories between 2005 and 2011. The food, beverages and tobacco sector is by far the largest of all. There is no factory of basic metal industries in Cambodia. In manufacturing SMEs, the number of employee increased by 58.2% between 2005 and 2011. The food, beverages and tobacco sector accounts for approximately 68.5% in 2011.