Content
Introduction Economy of the World Economy of Cambodia Banking Sector of Cambodia SWOT Analysis Recommendation Conclusion
Introduction
Cambodia is situated on the southwestern part of the Indochina peninsula. It shares a 2,615km border with: Vietnam: 1,270 km Thailand: 805 km Laos: 540 km Cambodia began to return to a period of peace in 1993. It became a member of ASEAN in 1999 & WTO in 2004. Population (2008e): 15 million.
Economy of Cambodia
GDP growth: 10% (2004), 13.4% (2005), 10.8% (2006), 10.1% (2007) & 7.2% (2008 forecast) From 2005 to 2007, the economy grew by average of 11.3% per year. GDP per capita: USD 597 (2007) Inflation: 4.4% (2006) to 7.1% (2007) International Reserves: USD 2.2 billion (June 2008) Foreign Exchange: Stable Engines of growth: Garments, Tourism, Construction & Agriculture
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Recommendation
Human Resource Training & Development Customer service qualitys improvement Products and services innovation Network improvement IT development
Conclusion
Financial sector development is important to the speed and direction of economic growth, since a strong and well functioning financial sector can mobilize idle financial resources for productive investment needs. A sufficient and competitive financial system but sound and cautious one will play an important role in the national economic development by ensuring effective financial resource mobilization and distribution. Securities Market is the lifeblood of capitalist economy which will actively contribute to mobilizing financial resources to finance the national economy, and to ensure sustainable economic growth.