New Registered Businesses Increase by 33 Percent

The number of newly registered businesses in Cambodia increased 33 percent between January and June this year compared to the same time period last year, according to the latest figures from the Ministry of Commerce released Tuesday.

The total number of new businesses increased from 1,401 to 1,868 between January 1 and June 15, the figures show.

Locally owned businesses increased from 910 to 1,214, while foreign-owned companies increased from 490 to 654. The majority of the foreign-owned companies came from South Korea, China, Japan, Thailand and Malaysia.

The ministry’s data does not say what kinds of businesses registered.

Ken Ratha, spokesman for the Ministry of Commerce, said the increase was because of the country’s investment law and location in the region.

“Businesspeople are increasingly interested in Cambodia’s investment law and its connectivity between the country and other countries in the region, which allows for easy market access,” he said.

“Foreign businesspeople are more interested in the general business environment in Cambodia even though the political situation is not yet stable.”

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