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As of September 2022, the total public debt of the Royal Government of Cambodia was $9.47 billion, according to the Ministry of Economy and Finance. The Ministry also said that the public debt remained low-risk. According to the recently released Cambodia Public Debt Statistical Bulletin by the ministry, 68 percent of the public debt is…
As of December 12th, more than 20,000 businesses with a total investment capital of $5.70 billion had been registered with the government’s single platform, the Online Business Registration System. According to data from the Online Business Registration System inside the Ministry of Economy and Finance, 20,189 businesses with a combined $5.70 billion in capital have…
52 fixed asset investment projects totaling over $460 million were approved by the Council for the Development of Cambodia (CDC) in the third quarter of 2022, an increase of 10.6% over the same time the previous year. A recent report from the Ministry of Economy and Finance states that the investment projects that were approved…
In his opening remarks at the ASEAN Business and Investment Summit (ABIS) 2022 in Phnom Penh on November 10, Prime Minister Hun Sen emphasized the private sector’s contribution to the region’s post-pandemic economic recovery and resumption of socioeconomic activity. According to the ASEAN +3 Macroeconomic Research Office (AMRO), the bloc achieved 3.1% economic growth in…
Nearly 200 nations compete with one another for resources, trade, and media attention today. So how do you let everyone know that you exist if you’re a country in a distant part of the world? Countries are increasingly following the marketing strategies used by businesses to boost their profiles and advertise that they are open…
Siem Reap, the gateway to Cambodia’s world-renowned Angkor temple complex, has long been known as a small town with a pleasant and appealing atmosphere. It is regarded as one of the best tourist destinations in the world, attracting millions of visitors from all over the world each year. As Cambodia’s unofficial tourism capital, it is…
According to a report from the General Department of Customs and Excise (GDCE), Cambodia exported $7 billion in commodities to the US market in the first nine months of this year, a 29.4 percent rise year on year. Based on the report, the US remained the top importer of Cambodian products, followed by Vietnam, China,…
Given Cambodia’s efforts to increase exports to Canada, it will be fascinating to see if the country can surpass Bangladesh and Vietnam in terms of garment exports to Canada. Cambodia ranked fourth in Canada’s garment imports in 2021, trailing only Bangladesh and Vietnam by a little margin. According to Fibre2Fashion’s market analysis tool, TexPro, Canada…
Through the Agricultural Development Policy 2022–2030, Cambodia keeps up its efforts to boost agricultural productivity and the national economy. The draft National Policy for Agricultural Development 2022–2030 has received complete ministerial approval. The decision was made during a meeting on the ninth of this month that Prime Minister Hun Sen chaired over. The final draft…
According to the Cambodian Women Entrepreneurs Association (CWEA), e-Commerce in the country is expected to expand quickly due to the ease of doing business in the Kingdom. According to business owners, the COVID-19 pandemic, the rapid advancement of technology, and the tremendous increase in Internet users have all contributed to the country’s booming e-commerce industry…
According to information provided by the Council for the Development of Cambodia, Cambodia received over $3.3 billion for 123 foreign investment projects from January to August of this year. Along with fruit processing and automobile assembly, the projects involved the manufacturing of garments, shoes, tyres, wiring products, plastics, bags, and travel materials. The country’s new…
To highlight Cambodia’s potential as a business destination, a “Briefing Session on Economic Diplomacy, Investment, Trade and Tourism Environment in Cambodia” was organized in Siem Reap province on September 2. About 100 people from 19 diplomatic missions in Bangkok, the Thai delegation, and line ministries attended the event, which was presided over by H.E Dr.…
On August 31, Prime Minister Hun Sen officially broke ground on a $36.8 million interchange and a $10 million overpass, two new flyovers in the capital. The grand interchange, which will be named Monivong, would connect the triple intersection of the Samdech Techo Hun Sen, Royal Cambodian Armed Forces (better known as Street 271), and…
