REGULATORY AND BUSINESS ENVIRONMENTS IN CAMBODIA: CASE STUDIES OF CAMBODIA AND THAILAND SME INVESTORS’

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Nisit Panthamit
Pornchai Wisuttisak
Duy Chandina

Abstract

This research paper aims to study challenges over regulatory frameworks and business conditions for Thai SMEs in Cambodia. The paper presents the legal frameworks relating to investment promotion to Cambodia that helps facilitate the increase of foreign and local investment in Cambodia. There are vital challenges for investments in Cambodia, including regulatory and business burdens, corruption by unclear regulations, a lack of policies to support SMEs, culture and preference of Cambodian consumers. The paper provides recommendations for the development of regulations and business environments in Cambodia, including 1) establish stable policies that can specifically support SMEs growth; 2) reform financial support to SMEs to ensure suitability and benefits; and 3) improve the registration system and create a unified registration system for both local SMEs and Thai SMEs.

Keywords: SMEs, Regulation, Business condition, Cambodia, Thailand

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Author Biographies

Nisit Panthamit, Chiang Mai University, Thailand

1ASEAN research Center, Center of ASEAN Studies, Chiang Mai University
1Faculty of Economics, Chiang Mai University 

Duy Chandina, Royal University of Law and Economics, Cambodia

Department of Finance and Economics, Royal University of Law and Economics, Cambodia