The economy, investment, trade and the companies building Cambodia. · 906 articles
In a remarkable display of growth and cultural integration, Cambodia’s Toys & Hobby market is making significant strides in 2024. With an expected revenue generation of US$348 million, this sector is not just thriving; it’s a testament to the country’s evolving consumer landscape and cultural richness. This insightful data, as reported by STATISTA, a leading…
The Hotels in Cambodia market is forecast to exhibit strong growth by 2024, with robust expansion in value terms anticipated over the next five years to be driven by the inbound travelers and a booming local economy. According to industry estimates from STATISTA, the revenue of the hotel industry of the country is expected to…
The Vietnamese business community is gearing up to establish the Vietnamese Business Club in Cambodia (VBCC), a move set to foster and expedite trade and investment between these two ASEAN neighbors. Vietnamese Ambassador to Cambodia, Nguyen Huy Tang, convened a meeting on January 16 with 50 Vietnamese business owners and representatives to discuss the challenges…
Cambodia and India are poised to establish a Joint Business Council (JBC) under the leadership of Cambodia’s Commerce Minister, Cham Nimul, in an endeavor to foster trade and investment collaboration between the two nations. Devyani Khobragade, the Ambassador of India to Cambodia, made this significant announcement recently, underscoring the commitment of both countries to deepen…
CMA CGM GROUP, the world’s largest shipping and logistics company, has unveiled plans to significantly expand its investment in Cambodia, signaling a promising collaboration between the global giant and the Southeast Asian nation. Rodolphe SAADE, the Chairman and CEO of CMA CGM Group, made this announcement during his meeting with Cambodian Deputy Prime Minister Sun…
The Council for the Development of Cambodia (CDC) has recently granted licenses to ten investment projects with a combined capital exceeding $60 million, marking a significant milestone in the country’s economic growth. These investments, approved as of January 15th, promise to foster development across various sectors and create approximately 12,700 employment opportunities for local residents.…
Promoting Trade, Investment, and Collaboration for a Prosperous Future On January 17, 2024, a momentous occasion took place in Cambodia as the Indian Business Chamber in Cambodia (IBCC) was inaugurated. The launch event was graced by the esteemed presence of H.E. Dr. Devyani Khobragade, Ambassador of India to Cambodia, and H.E. Pich Rithi, Secretary of…
In a testament to their strong economic ties, Cambodia and France achieved a bilateral trade volume of $515.21 million in the past year, contributing significantly to Europe’s total trade volume of $4.6 billion in 2023. Prime Minister Hun Manet emphasized the pivotal role of France as a development partner that has made substantial contributions to…
The Lippo Group, a prominent Indonesian conglomerate, is actively seeking investment opportunities in Cambodia’s healthcare and real estate sectors, signaling a potential partnership that could bring significant benefits to both nations. In a meeting held during the World Economic Forum in Davos, Switzerland, Cambodian Prime Minister Dr. Hun Manet graciously received a courtesy call from…
On January 16, representatives from approximately 50 Vietnamese enterprises and Khmer businesses with Vietnamese origins gathered in Phnom Penh to exchange their experiences in operating and investing in Cambodia while nurturing their connections. Addressing the event, Vietnamese Ambassador to Cambodia, Nguyễn Huy Tăng, expressed the embassy’s keen interest in understanding the challenges faced by businesses…
Cambodia and Hungary have taken significant strides toward enhancing their economic cooperation as they conclude a successful second round of discussions aimed at boosting bilateral trade and investment between the two nations. The second meeting of the Cambodia-Hungary Joint Committee on Economic Cooperation took place on January 9 in Budapest, Hungary, led by Cambodian Secretary…
A French investment firm has shown keen interest in spearheading new railway projects that could potentially link Cambodia’s capital, Phnom Penh, with the airport and other strategic areas. Mr. Philippe Delleur, the Senior Vice President of Alstom, a prominent player in rail transportation, high-speed train manufacturing, metro, monorail, and tram systems, expressed the company’s commitment…
In a remarkable feat, Cambodia has witnessed an extraordinary surge in the export of non-garment manufacturing products, marking a significant diversification of its economic landscape. The latest report from the General Department of Customs and Excise reveals that in the past year, Cambodia exported non-garment manufacturing products worth $3,129 million, representing an astounding 56 percent…
