Cambodia: Riding the Wave of Consumerism
17 – 21 September 2018 • Phnom Penh
This Overseas Market Workshop is jointly organised by Enterprise Singapore (ESG) and Singapore Business Federation (SBF).
Cambodia attained lower middle-income status as of 2015, having sustained an average growth rate of 7.6% in 1994-2015, mainly driven by garment exports and tourism.
The economy slowed down slightly to 6.8% in 2017, according to preliminary estimates by authorities but is expected to remain strong over the next two years (6.9% in 2018
and 6.7% in 2019).
The combination of strong economic growth and an upwardly mobile consumer population generates demand for Singapore’s quality products and services in Cambodia.
From a foreign investor perspective, key incentives include duty-free import of capital goods, reasonable corporate tax rates with tax holidays, no restrictions on capital repatriation,
and 100 per cent foreign ownership of companies compensate to a large extent for the small size of the market and poor infrastructure.
According to the Council for the Development of Cambodia, Singapore has consistently ranked among the top-10 foreign investors in Cambodia. In 2015, it was the third-largest
foreign investor after China and the UK, contributing nearly 2.2 per cent of the $4.6 billion in committed FDI to the Kingdom.
Singaporean firms have invested in an array of industries including agriculture, energy, financial services, logistics, manufacturing and real estate. Top names include property
and agriculture firm HLH, Digital Wallet – Darapay, IT firms SingMeng and HyalRoute Communications, logistics and dry port operator Bok Seng, hotel brands Himawari, and
property firms Huttons Asia and Oxley Holdings. Transpeed Cargo, which incorporated its Cambodia’s office in 1992, has grown from a staff of two to more than 45 today.
According to them, being a first-mover in the market had its advantages but hiring local talent and in-country experience has proven invaluable as well.
Join this trip if you are keen to understand how to do business in Cambodia. Seats are limited and based on first come first serve basis.
- Understand latest development and trends due to rising middle class in Cambodia
- Appreciate Cambodia’s government policy impacting foreign businessmen
- Explore potential business partnerships and opportunities with business leaders and decision makers
- Updates and analyses by relevant industry experts and field learning
- Relevant policies and incentives updates by local government agencies
- Networking sessions with local and Singapore business community in Phnom Penh
- Industry visits and sharing sessions by local and foreign corporations in Phnom Penh
Who should participate?
- Investors, business owners, senior executives and professionals from consumer goods, services and supporting industry. Individuals not from these sectors but interested to understand this vibrant sector in Cambodia are also encouraged to participate.
Registration is now open!
If you are interested to attend this Overseas Market Workshop to Cambodia, please submit your registration by
24 August 2018 (Friday).
S$3,340 per participant (inclusive of lectures, seminars, company visits, scheduled meals, ground transport, & 4 night’s hotel accommodation, inclusive of breakfast).
Final course fee due per participant after deducting government subsidy isS$1,000 nett.
(subsidy subject to final approval from the government)
Full payment of the course fee must be received by SBF within 10 days upon successful registration.
A maximum of 30 participants will be accepted into the programme.
Tel: +65 6827 6876
A Programme by