Wealth Mansion: Tourism Recovery, Immigration Policy Relaxation, Cambodia Radiates New Vitality

Time keeps moving forward, all things glow with new vitality and vitality, With the effective prevention and control of the epidemic, recently, Cambodia has announced the lifting of the outdoor "mask order," which shows that the Cambodian anti-epidemic has achieved a phased victory, at the same time, the economic recovery has entered the fast track development.

Over 5 million New Year

Visitors Over Cambodia Cambodian New Year is one of the most important festivals in Cambodia, In the past two years due to the epidemic canceled large-scale activities, but also advocate people do not go out, do not gather, this year's Cambodian New Year, Cambodia's new cases continue to reduce, the Cambodian government to fully resume Cambodian new year activities, we travel enthusiasm, the country ushered in the crowd.

It is reported that during the Cambodian New Year and the weekend four days, the country received a total of 5175754 domestic and foreign tourists, including 5140495 local tourists, and 35,259 international tourists.

Over 5 million visitors in four days not only exceeded expectations but also created a new high since the end of the third round of community communication on December 20 last year. This has been deeply affected by the outbreak of tourism, which is undoubtedly good news, can see the full opening of Cambodian tourism accelerated the pace of recovery.

But such a large number of tourists gathered, can not help but worry that the epidemic will not rebound again, but after the end of the Cambodian New Year holiday, Cambodia has no large area of new cases, which also means that Cambodia's national immunization barrier has been effectively established.

So far, nearly 15 million people in Cambodia have received the first dose of vaccine, the third dose of booster injection for over 8 million people, Not only that, in order to stabilize herd immunity, the Cambodian government recently planned to vaccinate the people with the fifth dose of booster shots, under the active vaccination in the country, Cambodia's vaccination rate and the speed are far beyond expectations, ranking among the best in the world.

The highly effective vaccination also makes international and local tourists feel more at ease about the health and safety of travel than before. We believe that the tourism industry in Cambodia will return to its pre-epidemic state in the shortest time.

As one of Cambodia's four economic pillars, tourism has now embarked on a rapid recovery path, which has injected strong confidence into Cambodia's development and will also better promote the overall recovery of Cambodia's economy.

The policy of entering Cambodia is relaxed again, and investment vitality will flourish again

Under the shield of the herd immunity barrier, Cambodia is making bold strides toward a new phase of the epidemic.

Recently, the Cambodian Ministry of Health issued the latest circular to further ease entry restrictions. The notice pointed out that with the approval of Prime Minister Hun Sen, the Cambodian Inter-departmental Anti-epidemic Committee decided to relax the isolation rules for those who have not been vaccinated against the new crown vaccine, and the quarantine time for those who have not been vaccinated against the new crown vaccine after entering Cambodia has been shortened from 14 days to 7 days.

In March, the number of daily arrivals from Cambodia doubled after the quarantine policy was announced. There are not only international tourists but also a large number of migrant workers and investors.

As we all know, in recent years, more and more enterprises and investors from various countries have taken a fancy to Cambodia's investment environment. While Cambodia fully opened its doors to promote tourism recovery, but also met the arrival of a new round of global investors.

Statistics show that Cambodia attracts foreign direct investment in various industries. Finance, manufacturing, and real estate are the three most favored industries by foreign investors, accounting for 21.9%, 20.8%, and 12.2% of the total investment respectively. Among them, the Cambodian real estate sector can be called Southeast Asia's most developed and investment potential region.

It can be said that in the future, Cambodia is bound to become the hottest investment destination in Southeast Asia and even in Asia.

The relaxation of the entry policy has brought opportunities for those who want to enter Cambodia, but the resumption of flights is a prerequisite for more tourists and investment visitors.

Long before, Thai Smile Airways resumed return flights from Bangkok to Siem Reap, Vietnam Airlines resumed non-stop flights between Phnom Penh and Ho Chi Minh City, Cambodia Angkor Air Cambodia resumed domestic flights between the cities of Cambodia and Siemreap, and AirAsia resumed direct flights from the cities to Kuala Lumpur.

From April 1, the flights from Phnom Penh to Bangkok were also fully opened. On April 5, the international round-trip passenger routes from Cambodia to Zhengzhou were officially resumed.

It is believed that Cambodia will welcome more people into Cambodia and investment vitality will flourish again under the re-relaxation of flight missed flights and entry policies.

Economic growth is expected to be good for future development

Whether it is the relaxation of immigration policies or increased flights or the recovery of tourism, it is ultimately for Cambodia's economic growth efforts, only when the economic development is strong, there will be more opportunities.

Cambodia has been ranked second in global post-pandemic growth after successfully controlling the spread of the Omicron mutant strain.

 

Cambodia's economy is expected to grow by 4.5 percent in 2022, based on high vaccination rates and economic boost measures to lift travel restrictions, according to a report released by the World Bank. The Cambodian Ministry of Finance and Economics has a more optimistic forecast, with GDP expected to grow by 5.6 percent in 2022 and return to 7 percent by 2023.

This once Asia's new economic tiger, has its strong potential for development, I believe, with the normalization of the epidemic and comprehensive opening, the development of Cambodia will be overwhelming, now is the perfect time to buy the bottom, can not miss it!