1. Labor costs: Cambodia's labor costs are relatively low, is an important factor in its attraction of foreign investment. And Vietnam's labor cost is also relatively low in Southeast Asia, but slightly higher than Cambodia.
2. Infrastructure development: Vietnam's infrastructure development is more developed, including ports, highways, railroads, etc. These facilities provide convenience for the transportation and logistics of enterprises. Cambodia's infrastructure is relatively backward, but the government is actively promoting infrastructure development, especially the cooperation with China, which accelerates the progress of infrastructure development.
3. Government support policies: Both governments are actively promoting foreign investment, providing a series of favorable policies and support measures. For example, in Cambodia, foreign-funded enterprises can enjoy benefits such as tax exemption and land concessions. Vietnam, on the other hand, also facilitates foreign-funded enterprises by formulating laws, regulations and policies.
4. Industry characteristics: the two countries also differ in the industry of factory opening. Cambodia's main industries include textile, garment, footwear and other labor-intensive manufacturing. The number of factory openings in Vietnam is also relatively large and involves more diverse industries, including manufacturing, electronics, machinery manufacturing, automobile manufacturing and so on.
It is important to note that each business makes decisions based on its own needs and considerations when choosing where to open a factory. The above is just a comparison of opening a factory in Cambodia and Vietnam from a general perspective, and specifics may vary depending on the business and industry.