Cambodia issues licenses to 2,606 new firms in 9 months, up 11 percent

Cambodia had granted operating licenses to 2,606 new companies in the first nine months of this year, a 11 percent rise from 2,336 new firms at the same period a year ago, the report of the Commerce Ministry showed Wednesday.

Those companies are dealing in the businesses of garment and textile, footwear, agriculture, agro-industry, tourism, real estate, transport service, import and export, information technology and mining.

They are opened by businesspeople mostly from China, Vietnam, South Korea, Malaysia, Japan and Singapore, besides Cambodia.

Political and economic stability in combination with favorable business environment is attributed to the rise in new company opening.

The country gave licenses to 3,090 new firms in 2011.

Sourced: globaltimes