Political stability keeps Cambodian economy positive, promising for business growth.

Cambodia’s business environment retained a positive outlook during the commune elections held yesterday, with several experts saying they expected the Kingdom’s economy to benefit from continued political stability.

This is good news, as a stable economy and business situation means growth for both existing businesses and an encouraging environment for new or start up companies.

Though in the past, economic uncertainty increased dramatically during the electoral process, the outlook now for investments and business remained relatively unchanged according to members of Cambodia’s business community.

Ngeth Chou, senior consultant at Emerging Markets Consulting (EMC), a firm advising foreign companies on doing business in Cambodia, said that long-term investors showed few concerns regarding the commune election. Many firms continued to conduct feasibility studies in Cambodia and expected to expand their businesses in the Kingdom, he said.

“Investors believe that whoever wins the election, they will treat the private sector well,” he said. “They believe that the government acknowledges that the private sector is the main tax payer to boost government revenue and reduce dependency from foreign aid.

Ngoun Meng Tech, director general of the Cambodian Chamber of Commerce said the situation surrounding the election was not as agitated compared to during previous election cycles. He said he had no concerns regarding the country’s future economic growth. “Our economic situation is stable and growth is positive currently, so the election result will not be a concern or a risk to the process of economic growth,” he said.

Overall, the elections are past and the economy is looking stable, so Cambodia’s business situation remains promising. Now it will be important for companies making future business decisions to get the best information they can to guide them.

Leverage Research Solutions is an ideal market research partner for doing just that.

Link to article in Phnom Phen Post.

 

Vietnam Government Needs Agricultural Market Research & Analysis to Help Balance Oversupply or Shortages

Vietnam News Agency is reporting that Đặng Kim Sơn, former head of the Institute of Policy and Strategy for Agriculture and Rural Development, has called for the State to establish agencies to conduct market research/analyses to reduce risks of oversupply or shortages in agricultural products.

Vietnam, which ranks 31st in the world for percentage of GDP coming from Agriculture, has historically seen wide swings in that sector’s contribution to total GDP. In 4th Quarter 2016 total Agriculture was valued at 468 Billion VND, 1st Quarter 2017 saw that level drop to 67 Billion VND, a 70% change.

The country is now taking significant action using market research and analysis to enable better management of the agricultural output for both domestic and export markets.

“The farmers need the State to help them study the market and provide information about directions to be taken, such as standards, policies and distribution systems. When the State provides full and up-to-date information for producers and traders, they will be able to make reasonable decisions on production and business to reduce losses for them and the economy as a whole,” Sơn said.

Since the initiative appears to be in its early stages, there is little known about the specific market research methodologies to be used. However, very likely there will be both qualitative and quantitative research involved, combined with analyses and projections from the responsible state agencies. Ministries, sectors and localities will need to work together to generate the most representative and useful information.

It will be an interesting period to watch. And reinforces our Leverage Research Solutions philosophy: “More effective research means better decisions.”

For the full article:  http://vietnamnews.vn/economy/377356/farm-sector-needs-market-research.html#QV20IPoxOmTC33xb.97