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Cambodia is a country in Southeast Asia that has been attracting more foreign investors in recent years. The World Bank predicted that the recovery of tourism and ongoing policy support would drive Cambodia’s real GDP growth to nearly 5.5% in 2023. Some of the reasons why Cambodia is a better destination for investors are: Some of…
The Council for the Development of Cambodia (CDC) has recently announced that 13 new companies have been granted investment certification, marking a significant boost to the country’s economy. These companies will invest a total of $425.9 million across various sectors and create around 23,250 new job opportunities for Cambodians. Conch KT Cement (Phnom Penh) Co…
The Cambodian province of Kampong Speu is aiming for a significant business boom, with the local administration announcing plans to establish 25 new factories and enterprises in 2021. These new businesses are expected to generate over 23,000 job opportunities for the local workforce. Kampong Speu governor Vei Samnang, who visited China’s Guangzhou province in August,…
In a remarkable achievement, Cambodia’s export industry has seen a significant surge in value, with a remarkable increase of over 25% in 2022. The country exported goods worth more than $4 billion to the European Union, up from $3.2 billion in 2021, as reported by the Ministry of Commerce’s iTrade Bulletin for July. Among Cambodia’s…
A Testimony to Peace and Political Stability In recent years, Cambodia has experienced a remarkable surge in the number of garment, footwear, and travel bags factories. What was once a modest industry with only 68 factories in 1997 has now grown to an impressive 1,326 factories in 2023, providing employment opportunities to over 840,000 workers.…
Cambodia is a country that is undergoing rapid changes in its economy, society, and culture. The people of Cambodia are becoming more aware of their needs, preferences, and aspirations as consumers. To understand the current and future trends of the Cambodian consumer market, Confluences and Standard Insights have collaborated to produce the Consumer Report Cambodia…
Despite global economic challenges, Cambodia has seen a steady increase in foreign direct investment (FDI) inflows, with a notable boost of nine percent on an annual basis. This demonstrates the Kingdom’s ability to attract and retain investments, according to recent data from the National Bank of Cambodia and Council for the Development of Cambodia. According…
In a span of 1,120 days, the Online Business Registration Platform (OBRP) in Cambodia has achieved remarkable success. As of July 9 at 11:59pm, a total of 27,095 companies have been successfully registered on the platform. This represents a 31% increase from the previous figure of 20,693 firms registered just 188 days earlier. One of…
Despite global economic challenges, Cambodia registers a lower average annual inflation rate of 1.9% in Q1 of 2023, showing economic stability and resilience. With growth in non-garment manufacturing and tourism sectors, the Kingdom demonstrates its capacity for sustained development amid global uncertainty. Cambodia has impressively managed to register a lower average annual inflation rate of…
Cambodia is entering an exciting era of growth and prosperity with the advent of its novel investment law. The recent sub-decree from Prime Minister Hun Sen has only added to the nation’s appeal for investors, guiding it firmly towards its goal of joining the ranks of ‘upper-middle income’ economies by 2030 and becoming a part…
In an encouraging development for local citizens, the Council for the Development of Cambodia (CDC) has given its approval to nine new investment projects, which are expected to create 13,849 job opportunities across the country. The projects, mounting to an impressive $54.8 million, are anticipated to stimulate the economy and enhance the prospects for the…
The world today is constantly evolving, especially in terms of technology and economic growth. This rapid pace of development can make it challenging for many medium-sized businesses to adapt and explore expansion into new markets. However, when faced with uncertainties, it’s important for companies to remember that embracing change and exploring potential investments can lead…
The Regional Comprehensive Economic Partnership (RCEP) is set to provide Cambodia with fresh opportunities for economic expansion and development. Dr. Sok Siphana, a renowned expert on Cambodia’s legal system, international relations, and economy, recently shared his insights on the nation’s geopolitical landscape and the potential benefits of RCEP at the Malaysian Business Chamber of Cambodia’s…
