Cambodia issued operating licenses to 11,506 new companies and enterprises in the first 11 months of 2023, up 14.5 percent over the same period last year, the Ministry of Commerce said in a report on Thursday.
The Ministry of Commerce’s Secretary of State and spokesman Penn Sovicheat said those new business establishments were operated by locals and foreigners from China, South Korea, Japan, Thailand, Malaysia and Vietnam, among others.
“The significant increase in new business registration truly shows the confidence of business people and investors in Cambodia’s peace, political stability, and favorable opportunities for doing business,” he told Xinhua.
