LIVING IN CAMBODIA
Cambodia is a country of Southeast Asia bordering Vietnam, Laos and Thailand before diving into the Gold of Thailand. 182,000 km² of land is home for 15.8 million inhabitants, 33% of whom are under 15 years old. The capital, Phnom Penh, is located in the South of Cambodia and is reachable in a few hours bus-travel from Ho Chi Minh, Vietnam's economic capital.
This monarchy, led by King Norodom Sihamoni since 2005, ranks 143rd on the human development index. The average salary is $120 and more and more international companies are going to this country as part of their internationalization, thanks to particularly low labour costs.
Some sites are known as UNESCO World Heritage Sites, including Angkor and the Temple of Perah Vihear.
Since the 1990s, the situation is more stable and has improved significantly in many areas (legislation, road network, mine clearance, international relations, etc.).
With a growth rate of 7,2% and an approximated inflation rate of 3% in 2018, the World Bank reclassified Cambodia as a "middle-income" country. However, it remains one of the least developed countries in ASEAN, which still bears the marks of high levels of inequality. The country is very strongly "dollarized" and enjoys good monetary stability, even if the banking sector highly depends on the exchange rate because all deposits are in dollars.
The economy is not very diversified, as it is based on three main sectors :
Agriculture : 2/3 of the population lives from agriculture.
Industry : it is mainly based on the textile industry and shoe manufacturing. Textile industry employs near 700,000 people and is the main growth driver.
Tourism: the boom is remarkable and is expected to continue. Among Asian visitors, the Vietnamese and the Chinese predominate even if the Chinese have become the government's priority target. About 5.5 million tourists visited Cambodia in 2017; a 10% increase over the previous year. For the time being, this dynamism is mainly linked to Angkor.
The economy of Cambodia
Survival Guide - Phnom Penh
You're getting ready to live in Phnom Penh? You must know some information. We concocted you a guide full of advice.
For more information
Living in Cambodia - Things to know
Discover here our different articles to learn more about life in Cambodia.
Cost of living
Are you planning to live in Cambodia and wondering about prices in Phnom Penh? Relocation Vietnam is your friend in the city and is happy to help you with your move.
To introduce you to the cost of living in this country, some points of comparison between the capital Phnom Penh and other places in the world :
The cost of living in Phnom Penh is 31% cheaper than in Lyon, France.
The cost of living in Phnom Penh is 19% cheaper than in Seoul, South Korea.
The cost of living in Phnom Penh is 54% cheaper than in Hong Kong, China.
The cost of living in Phnom Penh is 43% cheaper than in Dubai, Qatar.
Investing in Cambodia: Expatriates' Property Rights
In Cambodia, since 1993, all real estate and land ownership is strictly forbidden to foreigners. However, some legal arrangements are possible to allow such acquisitions.
The effervescence of the casinos by the Chinese in Sihanoukville
According to the government of Cambodia, the number of Chinese living in Cambodia doubled in 2018 to 210,000. In 2017, there were only 100,000. The city most affected is Sihanoukville, also known as "Kampong Son".
Pepper Bay - An exceptional pepper grown in Kampot
Pepper is the most widely used spice in cooking in the world and has been used for thousands of years. In the Middle Ages, the spice was used as a currency. Pepper is obtained from a creeper called Piper Nigrum and its quality depends on various factors such as climate, terrain, sunshine and care.
Without a "Business Visa", foreigners will be refused a long-term visa
News circulated in August 2017 that foreigners without work permits would no longer be eligible for long-term visas after the beginning of the month. This is a significant change in policy that could not be confirmed by immigration officials.