Opportunities for Finnish companies to invest in Cambodia with support from the European Union

Calling all Finnish enterprises! Cambodia, a land rich in potential, invites Finnish companies to embark on an investment journey that spells growth and sustainability. See an overview of the key sectors beckoning Finnish companies to explore and invest in the country, with support from the Delegation of the European Union to the Kingdom of Cambodia:

• Green growth initiatives in agriculture and industry; specifically in cultivating sustainable practices, fostering resilience, and driving innovation in green technology.
• Decent job creation on agriculture, garment, and footwear; specifically in creating quality jobs, boosting productivity, and elevating working conditions.
• Sustainable energy practices in garment, footwear, and travel goods sector; specifically in transition to cleaner, competitive industries with renewable energy and efficiency.
• Technical education and skill development; specifically focusing on technical high schools and universities with skills enhancement: embrace green energy, IT, and digital advancements.
• Infrastructure development on logistics, certification, and rural roads; such as enhance connectivity, facilitate trade, and support export growth.

The Delegation of the EU to the Kingdom of Cambodia has a long-standing relationship with Cambodia. Through substantial development assistance, support to democratic and good governance processes, and a commitment to open markets, the EU assists Cambodia in its efforts to build a brighter future for its people.

The Delegation will help Finnish companies to connect and coordinate with related government agencies and other stakeholders (such as Cambodia Chamber of Commerce, EuroCham Cambodia, Nordcham Cambodia, entrepreneur networks) on issues related to market access, regulation, investment, and international trade.

If you’re interested to learn more about market opportunities in Cambodia, please contact Huong Phan, Regional Coordinator of Southeast Asia: Huong.Phan@finnpartnership.fi

Cambodia country profile

Cambodia is a tropical country in Southeast Asia bordering with Thailand, Vietnam, Laos, and the Gulf of Thailand. The country has a population of roughly 17 million, consisting predominantly of Khmer population and Buddhist religion. Internal and international migration is common for people in search of work, education, or marriage. With a GPD/capita of USD 5100 (2023 est.), the country is one of the poorest in East Asia. However, the economy has been growing 5% annually in recent years, and the growth rate is predicted to be increasing, making it one of the fastest growing economies in the region.

The sectors contributing mostly to the economy are tourism and textile/clothing, while agricultural activities remain an important source of income for many Cambodians living in rural areas. Construction, light manufacturing, and real estate sectors are also growing. The country still relies heavily on foreign assistance, totalling approximately 25% of the government’s budget. Cambodia, being part of the WTO, is open for foreign investment but limited supply of skilled labour, inadequate infrastructure, systemic corruption, lack of transparency, and weak regulatory environment have limited investments historically. (Source CIA.gov; Trade.gov)