The economy, investment, trade and the companies building Cambodia. · 905 articles
In a landmark year, the Asian Development Bank (ADB) allocated resources amounting to $23.6 billion, adopting a significant stance on climate finance with a substantial $9.8 billion directed towards climate initiatives. This allocation is structured to propel sustainable advancement across Asia and the Pacific regions, as highlighted in the ADB Annual Report 2023. The report…
On April 23, 2024, a significant meeting took place, marking a new phase for the banking industry in Cambodia. Mr. Rath Sophoan, Chairman, along with Council Members of the Association of Banks in Cambodia (ABC), had the privilege of meeting with Her Excellency Dr. Chea Serey, the Governor of the National Bank of Cambodia. The…
In an impressive economic achievement, Cambodia has reported a substantial increase in its revenue from rubber exports, totaling $317 million in the first quarter of this year. This marks an 88.6 percent rise compared to the same period last year, according to data from the General Department of Customs and Excise (GDCE). This growth underscores…
In a significant move towards financial inclusivity and convenience, Wing Bank (Cambodia) Plc has reduced its cash-out fee for all Bakong KHQR customers at Wing Cash Xpress Agents, Wing Master Agents, and Wing Bank Offices nationwide. With fees as low as 800 riels, Wing Bank ensures that customers traveling to provinces can easily access their…
In a significant step toward enhancing the welfare of workers, the Ministry of Labour and Vocational Training of Cambodia, led by Minister Heng Sour, is spearheading an initiative to establish community nurseries according to international standards. This pioneering project, held in collaboration with Planète Enfants & Développement and the World Bank, promises to set a…
In a noteworthy development within the Southeast Asian economic landscape, Cambodia and Vietnam have witnessed a significant surge in their bilateral trade. The trade volume between these two neighboring nations escalated by 24.5 percent, reaching a remarkable $2.32 billion in the first quarter of 2024. This growth further cements Vietnam’s status as Cambodia’s second largest…
Cambodia has witnessed a notable surge in its trade activities with fellow ASEAN countries, registering an 18.64 percent increase to reach $4.32 billion in the initial quarter of this year. This development is detailed in a recent report from the Ministry of Commerce, highlighting the country’s expanding economic interactions within the region. The period from…
Preah Sihanoukville, a key coastal province, is poised for a significant transformation, thanks to a series of strategic investment projects that have been greenlit for implementation. The Ministry of Economy and Finance has been at the forefront of these developments, aimed at harnessing the region’s potential and stimulating its economic landscape. At the helm of…
In a significant move to bolster economic relationships, the Ministry of Industry, Science, Technology & Innovation (MISTI) of Cambodia, and the Guangdong-Hong Kong-Macao Bay Area Entrepreneurs Alliance have inked a Memorandum of Understanding (MoU). This partnership is strategically aimed at enhancing trade, investments, and business interactions between Cambodia and the Greater Bay Area (GBA). The…
In a significant appeal for heightened focus on economic interactions, Hun Sen, the current Acting Head of State of Cambodia, has spotlighted the critical importance of trade relations between ASEAN countries and China. Describing China as a considerable marketplace not only for the region but particularly for Cambodia, his commentary underscores the need for strategic…
In an impressive economic development, Cambodia marked the first quarter of 2024 with robust investment dynamics paving the way for a surge in employment and project expansions. The Council for the Development of Cambodia (CDC), the highest decision-making body for private and public sector investments in the country, sanctioned a total of 106 new and…
In a significant step towards transforming Cambodia’s coastal regions, the 7th Inter-ministerial Technical Working Group (TWG) meeting was held on April 1, 2024, in Kampot province. Chaired by His Excellency Dr. Phan Phalla, Secretary of State of the Ministry of Economy and Finance, the meeting focused on reviewing and providing technical input on the draft…
At the opening of the Cambodia-ASEAN Business Summit 2024, Prime Minister Hun Manet unveiled a range of exciting investment opportunities and initiatives aimed at boosting Cambodia’s economic growth and strengthening ties within the ASEAN community. The Royal Government of Cambodia has introduced the “Special Program to Promote Investment in Preah Sihanouk Province 2024,” offering special…
