Keo Buntheng, Deputy Chief of Commercial Law Bureau, Ministry of Commerce the Kingdom of Cambodia
Why this topic?
Digital marketplaces could drive economic growth across Cambodia, with e-commerce likely to grow to US$537m by 2024.Yet, there are challenges to Cambodia’s digital economy growth. Entrepreneurs battle low consumer trust and face legal and cultural barriers to cross border e-payments, and regulations have not kept pace with the online market developments.
Policies shape the business environment, affecting everything from consumers protection to e-commerce transactions, and how data is treated, collected, processed, stored and governed. They can boost the digital economy by reducing business uncertainty and compliance costs.