Hello
everyone
This week
we are in Cambodia and here in Cambodia there is an open market system and
there has been rapid economic progress in the last decade. Cambodia’s two
biggest industries are textiles and tourism but the agricultural activities
remain the main source of income for many Cambodians. Rice milling is very
important to the Cambodian economy. There are a lot of investors here in
Cambodia because of its low wages, plentiful labor, proximity to Asian raw
materials and favorable tax treatment. Cambodia has received international support
to bring basic security, stability and democratic rule to the country.
There are 4
different industries here in Cambodia: Garment industry, tourism, gambling
industry and construction.
The garment
industry represents the largest portion of Cambodia’s manufacturing sector. The
garment industry employs 335,400 workers. The garment industry operates mostly
on the final phase of garment production. This turns yarns and fabrics into
garments. Cambodia is also the only country where garment factories are monitored
and reported according to national and international standards. The minimum
wage for a worker in the garment industry is $61 a month.
Garment industry
Tourism is
Cambodia’s second largest industry, cultural heritage tourism ,such as the
ancient Hindu temple of Angkor Wat, is very popular in the country. It’s thanks
to the development of important transportation infrastructure that the tourism
in Cambodia has been perpetuated.
the ancient Hindu temple of Angkor Wat
The
gambling industry supports the tourism industry, which is mostly concentrated
around the Siem Reap province. The growth of the gambling industry is due to
its proximity to Thailand where gambling is forbidden.
Titan King Casino
Because of
the increase in tourist arrivals the demand for hotels and other forms of accommodation
around tourist hotspots keeps growing. Because of this situation there is a
construction boom
The
agriculture exist out of rice, rubber, corn, vegetables, cashews, tapioca and
silk. The industries exist out of tourism, garments, construction, rice
milling, fishing, wood and wood products, rubber, cement, gem mining and
textiles.
So that was
it for today
Talk to you
soon
Xoxo
Mieke
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