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In a historic gathering at the Peace Palace, Prime Minister Hun Manet affirmed the indispensable partnership between the Cambodian government and the private sector in driving the nation’s economic development. The 19th Government-Private Sector Forum (G-PSF), attended by various private sectors, foreign chambers of commerce, and ambassadors to Cambodia, marked a pivotal moment in shaping…
In a world still grappling with the aftermath of the COVID-19 pandemic, Cambodia has emerged as a shining example of resilience and economic dynamism. This small Southeast Asian nation, with a population of approximately 16 million people and a land area of 181,035 square kilometers, has managed to defy the odds and is set to…
Mangalore, India: A futuristic event took place at the Hotel Ocean Pearl in Mangalore on October 16, 2023, to enhance the economic cooperation between India and Cambodia. The event, organized by The Better Cambodia, was attended by eminent guests from both countries, who shared their insights and experiences on the opportunities and challenges of doing…
A delegation of Vietnamese investors, led by first deputy secretary Nguyen Duc Phong of the Vietnam Communist Party’s Central Committee for State-Owned Enterprise, recently expressed their interest in expanding investments in Cambodia and sought the government’s support in this endeavor. During a meeting with Chea Vuthy, deputy secretary-general of the Council for the Development of…
Cambodia is seeking to expand its investment ties with the Chinese province of Guangzhou. Deputy Prime Minister Sun Chanthol, along with a delegation, recently visited the Chinese city in a bid to attract new businesses and investors to Cambodia. The representatives were welcomed by Qun Ge, CEO of the Guangzhou International Corporate Incubator, a recently-launched…
Cambodia’s exports have witnessed a remarkable surge, driven by the dynamics of the Regional Comprehensive Economic Partnership (RCEP). As the latest Ministry of Commerce report reveals, the kingdom exported a record-breaking $5.26 billion worth of goods to RCEP member countries in the first eight months of 2023. This impressive figure represents a significant 22 percent…
Cambodia is positioning itself for a digital revolution in the financial sector with the unveiling of its Financial Technology (fintech) Development Policy for 2023-2028. Deputy Prime Minister and Minister of Economy and Finance, Aun Pornmoniroth, believes that embracing the advantages of digital transformation will not only invigorate the country’s socio-economic landscape but also strengthen global…
In the picturesque coastal city of Sihanoukville, a unique and promising investment opportunity has emerged. As the world grappled with the challenges posed by the COVID-19 pandemic, the real estate and related businesses in this vibrant city faced a temporary setback. However, the tides are turning, and a senior official at the Preah Sihanouk Provincial…
In a remarkable development for Cambodia’s financial landscape, ACLEDA Bank Plc, a prominent commercial bank, is set to make history by listing its bonds on Thailand’s stock exchange. This strategic move aims to raise $100 million, earmarked for expanding its operations and extending vital support to small and medium-sized enterprises (SMEs). This groundbreaking listing not…
Amidst the challenging global financial situation, Cambodia has emerged as an attractive investment destination, with foreign direct investment (FDI) inflows in the first half of 2023 witnessing an impressive increase of 41.6 percent compared to the same period in 2022. The Council of Ministers, following their plenary session on September 20, highlighted this remarkable growth…
In a resounding call to action, Prime Minister Hun Manet has set forth a vision that promises to transform Cambodia’s provinces into thriving hubs of economic activity. With an unwavering commitment to decentralisation and economic growth, Hun Manet’s leadership is ushering in a new era of opportunity for the nation. Addressing nearly 20,000 workers in…
The Koh Kong Provincial Administration has announced plans to establish two new special economic zones (SEZs) in Botum Sakor district, in a move to attract investors and stimulate economic growth. These SEZs are expected to generate tens of thousands of job opportunities and play a crucial role in creating a vibrant economy for both the…
Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), commended Cambodia’s impressive economic growth during his visit to the ASEAN Summit hosted by the country in 2022. Schwab’s positive remarks highlight Cambodia’s progress in various sectors, including trade, foreign investment, tourism, and economic reforms. During a meeting with Prime Minister Hun Manet…
