The economy, investment, trade and the companies building Cambodia. · 907 articles
As of July, of this year, there were 1,947 factories registered in Cambodia, producing everything from clothing to electronic devices, employing more than 1 million people, of them some 76 percent are women. The statistics were presented by the Ministry of Industry, Science, Technology, and Innovation at a news conference held recently by the Royal Government…
If the demand for domestic and international travel increases by more than the 2019 level, there will be a shortage of 34,000 commercial pilots (or roughly 10% of the total workforce) by 2025. If the economy rebounds more quickly than predicted, this shortage might reach 50,000. Cambodia is “lacking 90%” of the human resources required…
The Cambodian Young Entrepreneur Award 2022 was recently launched with the goal of promoting exceptional entrepreneurial spirit in the business world and promoting entrepreneurship in Cambodia through the selection of outstanding entrepreneurs as role models. Under the leadership of Mrs. Tekreth Kamrang, Secretary of State at the Ministry of Commerce, the Young Entrepreneurs Association of…
According to Prime Minister Hun Sen, the Regional Comprehensive Economic Partnership (RCEP), a free-trade agreement involving 15 countries in the Asia-Pacific, will boost economic recovery in the post-pandemic period. The agreement would strengthen the supply chain in the region and around the world, the prime minister said in a video message to mark the Association…
Japan has provided a $383.22 million loan to Cambodia’s Sihanoukville Port for its refurbishment and expansion. The Exchange of Notes and accompanying agreements on the loan for the Sihanoukville Port New Container Terminal Expansion Project were signed by Hayashi Yoshimasa, the Foreign Minister of Japan, and Prak Sokhonn, the Minister of Foreign Affairs and International…
IBIS Rice initiative improves farm life while protecting wildlife throughout the Kingdom. The non-profit IBIS Rice Project was started to link livelihoods with wildlife conservation in rural Cambodia and is run in conjunction with the Wildlife Conservation Society Cambodia (WCS Cambodia) and the Ministry of Environment, Cambodia. The project encourages farmers in protected rural areas…
The Preah Sihanouk government has approved the investment plans submitted by 23 businesses for 19 of the province’s 32 islands. In order to attract both domestic and foreign tourists, the firms intend to develop the islands as tourist sites with hotels and other attractions. According to deputy provincial governor Kong Vitanak, there are 32 islands…
The National Bank of Cambodia predicts that this year’s economic growth in Cambodia will be boosted by the quick rebound of global growth and the economy as a whole (NBC). According to the most recent NBC report, the garment, tourist, agricultural, and construction sectors will sustain the growth. According to the bank, the Kingdom’s economic…
Sangho Jo, President and CEO of Samsung Electronics for Southeast Asia and Oceania, led a delegation that visited Cambodia in search of new business and investment prospects as well as collaboration on trade promotion. Recently, the team paid a courtesy visit to Pan Sorasak, the Cambodian minister of commerce. The Minister gave the delegation a…
According to the National Bank of Cambodia’s (NBC) most recent report, the banking sector in Cambodia experienced strong growth in both loans and deposits in the first half of 2022. Customers’ deposits increased by 16 percent to $42 billion, while outstanding loans rose by 23.4 percent year over year to $51.5 billion by June of…
Two new investment projects recently received approval from the Council for the Development of Cambodia (CDC), which might result in the creation of several new employment and a total investment of more than $14 million. With an estimated investment capital of $9.2 million, MILANNA LEATHERWARE MFY (CAMBODIA) CO., LTD will invest in a project to…
I made it to Senteurs d’Angkor new workshop in Siem Reap, Cambodia, and surprisingly loved it, including the Botanical Garden. Senteurs d’Angkor relying on local resources and developing an original and local crafts industry of high quality for the past 20 years. My recent visit included a full swing to the workshop of coffee, spices, jam, essential oils,…
The Royal Government of Cambodia has made enormous efforts to improve the country’s economic status and make it one of the world’s strongest economies. The private sector has enabled and sustained domestic investments, which have been one of the most significant contributions to Cambodia’s growth story. The Council for the Development of Cambodia (CDC) announced…
