Style Switcher

Layout options
  • Boxed Layout
  • Full Width Layout
Primary Color

Your Language

      Partnership without a written agreement it's Russian roulette.

Lesliе D. Korvin

ABOUT CAMBODIA

 

Official name: Kingdom of Cambodia

Area: 181.035 square kilometers

Capital: Phnom Penh

Geopolitical position: Cambodiais located in the Indochina Peninsula, Southeast Asia. It is bordered by Vietnam to the east, Laos to the north, Thailand to the northwest.

Population: over 15 million people

Official language: Khmer.

Currency: Riel.

Religion: Buddhism (Theravada Buddhism).

 

Cambodia is a constitutional monarchy with a multiparty liberal democracy since 1993. The Head of state is King Norodom Sihamoni. The Monarch is chosen by the Royal Throne Council.

 

The legislature consists of two chambers - the National Assembly (122 seats) and the Senate (61 seats), their members are elected for a five-year term.

 

The supreme executive body is Government, or the Council of Ministers, that is formally appointed by the King. The Head of Government is Hun Sen. The judicial systems consists of the Supreme Court of Cambodia, the Supreme Council of Magistracy and lower courts.

 

Cambodia is a country with the proclaimed freedom of speech and granted right of forming political parties. The main ones are the Cambodian People's Party (CPP) and the Cambodian National Salvation Party (SNRC).

 

Since the 90s, Cambodia has made progress in implementing its program of economic and political development. At present, its main priority is the political stability and living standards rising.

 

All country’s residents over 18 years have a right of vote.

 

Cambodia is a country with a rich historical heritage. Its territory has belonged to many countries that have left their marks on its culture. The first one emerged in 68 A.D.

 

The golden age of the country is the Angkor period. Back then, it was the most advanced country in Southeast Asia in terms of economy, culture and military. Even nowadays Angkor is a symbol of Cambodian might, and the temple of Angkor Wat is depicted on the flag of the country.

 

Because of the wars with the neighbouring states in the 1860-80s, Cambodia was under the protectorate of France, which has helped to develop and boost the economy of the country.

Since 1953, Cambodia has become an independent country.

 

The territory of Cambodia consists of 23 provinces and 1 city of central subordination (capital). In turn, provinces are divided into districts, which consist of communes. The city of central subordination is divided into districts, which consist of quarters. Phnom Penh, Battambang, Siem Reap and Poipet Sainukvil are considered to be the largest cities of the country.

 

The climate of the country is sub-equatorial monsoon. The winter (November - April) is relatively dry, and the summer (May to November) is wet. The temperature never falls below 25 degrees Celsius, and in the hottest month (April) it reaches 35-38 degrees Celsius.

 

Most of the country is located on a vast plain between Tonle Sap Lake (the largest lake in Indochina) basin and the Mekong River. There is a very fertile soil here, due to which the area is a major agricultural area. Flat area is surrounded on three sides by mountain ranges. There are steep slopes covered by forests, mountain Kravan with the highest point of the country (Oral 1813 m) to the southeast, ridge Elefan to the south and Dangrek to the north. There are the most beautiful hills that go beyond Cambodi. along the border with Vietnam to the east and northeast.

 

Some parts of the country are covered by tropical forests. Several types of palms, bamboo, sandalwood, mahogany, saltree, banana, rubber tree, fig family, mulberry grow there.

 

Cambodian fauna includes elephants, tigers, bears, panthers, monkeys, wild oxen, leopards and buffalo. There are a lot of beautiful reptiles and waterbirds in the country.

 

As of 2013 Cambodia has a population of 15.2 million people. Over 85% of Cambodia’s population are of Khmer origin. They live mainly in the south part of the country and in the Mekong River Basin. The minority groups include Vietnamese, Chinese and Thai, which settle down in cities and villages, where they work on plantations, engage in retail and crafts. Among farmers in the provinces of Kampong Chhnang and Kampong Cham Chams live.

 

About 95% of the population speak the official language of the country (Khmer). A lot of people speak French and English, some Chinese and Cham languages. Minority groups that live in remote mountain areas, speak their own languages, which include Ede, Samre, Jarai, Stiengi, Kui and Saot.

 

About 95% of the population practice Therevada, southern branch of Buddhism. Chams are adherents of Islam. The country also has a small percentage of Catholics and Cao Dai.

 

There is a railway, water transport network, two international and several domestic airports in Cambodia. One can travel on busses, mini-busses and taxis within the country.

 

The reconstruction of old and construction of new roads, paths and highways is carried out thanks to the investments.

 

Communication systems in Cambodia are constantly being upgraded. The Internet is evolving rapidly, and lives up to international standards. There are many Internet cafes in cities and towns, there are several mobile phone operators in Cambodia.

 

The foreign policy of Cambodia tends to be neutral, the country seeks to develop relations with many neighbouring countries of ASEAN - Vietnam, Indonesia, Malaysia, Singapore, Thailand, and Japan, and China. Japan is considered one of the largest investors in the country, as it chairs the committee for the reconstruction of Cambodia.

 

Cambodia is a member of the UN and its specialized agencies, the World Bank, the World Bank, the Asian Development Bank and the IAEA. The country has become a party to the Baltic Treaty of Friendship and Cooperation in Southeast Asia, and joined the regional Association of Southeast Asian Nations (ASEAN). It has economic ties with the United States, France and Australia, which are its major partners.

 

The United States lifted the embargo on trade with Cambodia in 1992. And in 1996, the countries signed a bilateral agreement on trade relations. The diplomatic relations between Cambodia and Russia (when it was a part of USSR) were established in 1956.

 

Cambodia's economy is growing rapidly, the annual growth rate is about 10%. Abundant natural resources, a good tourism potential, tax rebates and inexpensive labour force became the main factors that attract capital countries around the world. The basis of economy is agriculture. Thanks to foreign investment, Cambodia has expanded garment industry, construction, processing and assembly production. Mining attracts particular attention of investors in the country, especially in its northern part. Oil, gold, bauxite, iron and stone production is possible in Cambodia.

 

Tourism industry, tertiary sector and financial services are growing quite rapidly. This country is attracting more and more tourists year to year. The tourists are interested in the ancient cultural heritage of the country - Angkor Wat, the country's capital and its attractions, vacation on the beaches of Sihanoukville. Therefore conditions for visiting foreigners are constantly being improved, new hotels and resorts are being built.

 

Developing agricultural industry, textiles, and, of course, tourism is attracting more and more investors. The percent of investment in GDP has been growing over recent years. The share of exported goods Cambodia in GDP and GDP per capita has been increasing rapidly. This means that the economy of the country forges ahead

Due to these factors more and more foreigners buy both residential and business real estate in Cambodia. With a reliable and competent assistance, it can be done easily with minimal time and effort.

 


 

You only have to contact for help «Lotus Consulting». This company provides all kinds of consulting services for real estate acquisition, opening businesses, consulting on investment and ensuring the legality of processing transactions. It will comply with all necessary rules and laws, so that afterwards there are no problems with either the State of Cambodia, nor with future partners.