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In 2015, the Cambodian government introduced a 10-year Industrial Development Policy (IDP) 2015-2025 as a guide to promote the country’s industrial development that will help maintain sustainable and inclusive high economic growth through economic diversification, strengthening competitiveness and promoting productivity.
It aimed to increase the share of the industrial sector of the nation’s gross domestic product (GDP) by 30 percent by 2025, of which the manufacturing sector will increase to 20 percent. The intention of IDP was to register small and medium enterprises up to 80 percent and 95 percent respectively by 2025 with 50 percent and 70 percent of them with proper accounting records and balance sheets.
Click here to download Industrial Development Policy.
Advance Grand Formula Co., Ltd is licensed audit firm from Accounting and Auditing Regulator (ACAR Decision N0. 014), member audit firm of Kampuchea Institute of Certified Public Accountants and Auditors (license number C-00085) and tax agent from General Department of Taxation (license number TA202204002).
This Publication is intended for general guidance only and should not form the basic of specific decisions.
Should you need any further information or support, please contact us at: accounting@advancegroupkh.com (accounting), audit@advancegroupkh.com (audit), tax@advancegroupkh.com (tax) and number and telegram 085 36 8888 and 070 399 888.
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