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Vietnam - Cambodia - Laos - Thailand - Myanmar

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Cambodia economy

Most senior staff in large and international companies will speak English but it is not common in smaller companies. It is essential to make appointments for business meetings and to exchange business cards. Cambodian hosts are quite likely.
Most senior staff in large and international companies will speak English but it is not common in smaller companies. It is essential to make appointments for business meetings and to exchange business cards. Cambodian hosts are quite likely to present their guests with gifts, so visitors should take along a gift typical to their own country of origin in order to reciprocate.
Cambodian businesspeople are generally quite formal so protracted niceties are inevitable before getting down to business.
Cambodian businesspeople are gradually becoming more formal in their dress, as contact with international business increases. However, because of the extreme heat, it is quite acceptable, and practical, to dispense with the wearing of a suit jacket.
Offices tend to open early between 0730 and 0800 and close around 1700 or 1800 with a long lunch break between 1130 and 1400, a legacy from the French. Many offices are also open on Saturdays but always check to see if this is the case.
Office hours:
Offices tend to open early between 0730 and 0800 and close around 1700 or 1800 with a long lunch break between 1130 and 1400, a legacy from the French. Many offices are also open on Saturdays but always check to see if this is the case.
Economy:
The Cambodian economy was all but destroyed by the war in southeast Asia and the rule of the Khmer Rouge between 1975 and 1979. Since the ousting of the Khmer Rouge from power by the Vietnamese in 1979, Cambodia has undergone a slow process of recovery. Restoration of agriculture (the foundation of the Cambodian economy and the main source of employment) has been slow but steady with rice as the staple. The timber industry has also grown quickly but at the expense of worrying deforestation.
The effects of the 1997 currency crisis on the economy were transitory, given the relatively undeveloped state of the Cambodian economy. Cambodia aspires to the status of an Asian 'tiger' economy and has joined the Association of South-East Asian Nations (ASEAN), now the principal regional economic co-operation body.
GDP growth stood at 6.7% in a 2011 estimate, with inflation running at 5.5%.
GDP:
US$12.9 billion (2011).
Main exports:
Timber, footwear, fish, rubber, tobacco and clothing.

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