The World Bank may forecast Cambodia’s economic growth to slump to between 2.5 per cent and 1 per cent this year, yet the situation offers an opportunity Cambodia to position themselves as a supply chain alternative to China.
Retailers are learning lessons about the necessity of diversifying their manufacturing hubs to make them more resilient in the face of shocks – such as Levi Strauss and Adidas, have recently increased their US imports from Cambodia.
In the last 3 months, Levi Strauss had an 81.7% increase in shipments while Adidas had a 28.9% increase in imports from Cambodia.
Now is the time for Cambodia to capitalize on this pivot and accelerate their manufacturing sector, such creating an opportunity for the government to invest in the human capital of workers – providing retraining and upskilling programs for displaced workers to support their reintegration.
Cambodia can emerge stronger in the post-pandemic world!
Introducing the Royal Platinum Project
With the rise of optimism on Cambodia’s strategic bets on supply chain diversification and investment in human capital, fellow investors can also look into the horizon of the Royal Platinum Project – a sought-after address in the heart of upscale Phnom Penh.
A choice of luxury homes, investors from Cambodia and around the world have the opportunity to explore the studios consisting of 3 or 4 bedrooms, where they can find a style that will match any desires.
And this is all possible through only 1 per cent of the down payment and the remaining payment can be done by 30 instalments.
If you wish to know more about Cambodia’s economic growth or Royal Platinum Project, leave us a contact and an esteemed agent will be on contact at the soonest to guide you.