The economy, investment, trade and the companies building Cambodia. · 905 អត្ថបទ
Academician Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance of Cambodia, has projected the nation’s economic growth to reach 6% in 2024. This growth is expected to be driven primarily by continued momentum in export-oriented industries and a robust garment sector. Speaking at a recent forum in Phnom Penh, Aun Pornmoniroth highlighted…
Preah Sihanouk Province is positioned to emerge as a transformative force in Cambodia’s developmental trajectory, reflecting the nation’s most ambitious aspirations. Anchored by the Master Plan for the Development of Preah Sihanouk Province into a Multi-Purpose Special Economic Zone (MPSEZ), this initiative represents more than just infrastructure upgrades; it is a vision to redefine the…
Siem Reap Angkor International Airport (SAI) welcomed an impressive 1.3 million passengers in the first eleven months of 2024. Passenger numbers are projected to reach 1.4 million by year-end and 2 million in 2025, according to a report presented by Lu Wei, Chairman of the airport, during a meeting with Hem Vanndy, Minister of Industry,…
Phnom Penh, the bustling capital of Cambodia, offers a rich tapestry of markets and shops where visitors can find authentic souvenirs that capture the essence of the country’s culture and craftsmanship. Here are some of the top spots to discover unique Cambodian keepsakes: 1. Central Market (Phsar Thmei) Housed in a striking Art Deco building,…
The Ministry of Public Works and Transport (MPWT), in partnership with EnergyLab, unveiled an ambitious roadmap for electrifying Cambodia’s transport sector, aiming for 800,000 electric vehicles (EVs) and a robust charging network by 2030. This forward-looking plan was presented during the 5th Annual Electric Vehicle (EV) Showcase in Phnom Penh, marking a significant step toward…
At the Global Chinese Economic & Technology (GCET) Summit held yesterday at Sofitel Phnom Penh Phokeethra, Cambodian Prime Minister Hun Manet unveiled the nation’s strategic policies to attract investment and foster economic growth. Organized in collaboration with the KSI Strategic Institute for Asia Pacific, the summit focused on fostering partnerships and bridging connections across nations,…
The National Bank of Cambodia (NBC) has called on stakeholders, particularly the public, to adopt the Cambodian Riel (KHR) more widely to enhance macroeconomic policy management and support sustainable economic development. Speaking at a program promoting the Riel, Bakong System, and KHQR System in Banteay Meanchey Province, NBC Deputy Governor Yim Leat highlighted the growing…
The Kingdom of Cambodia has emerged as a hub for forward-thinking investment, underpinned by a progressive legal framework and attractive incentives. Article 24 of the Law on Investment of the Kingdom of Cambodia highlights 19 priority sectors poised for transformative growth, offering a gateway for businesses to thrive in regional and global markets. Exploring Cambodia’s…
Cambodia’s growing prominence in the global cashew industry signals a major moment for its agricultural economy. The Kingdom exported over 790,000 tonnes of cashew nuts in the first ten months of 2024, generating $1.110 billion in revenue. Yet, much of this achievement stems from the export of raw nuts to Vietnam, leaving significant value creation…
On November 13, 2024, His Excellency SOK Chenda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation of Cambodia, held a courtesy meeting with Mr. David Verbiwski, Chargé d’Affaires of the Office of the Embassy of Canada in Phnom Penh. This meeting highlighted the strong and developing relationship between Cambodia and Canada,…
November 6, 2024, Phnom Penh – In a pivotal step toward enhancing Cambodia’s workforce capabilities, the Ministry of Labour and Vocational Training (MLVT) and Overseas Cambodian Investment Corporation (OCIC) signed a Memorandum of Understanding (MoU) on November 4, 2024. This agreement, formalized during a ceremony at the Olympia Medical Hub in Olympia City, brings together…
Setting the Context of Environmental Journalism In recent years, environmental journalism has become an essential element of global discourse, shining a light on critical issues such as deforestation, illegal logging, and sustainable development. Outlets like Mongabay have played a prominent role in highlighting environmental concerns, especially those tied to the practices of industries in developing…
In a significant step towards enhancing Cambodia’s export capabilities, the Ministry of Commerce has officially launched the Export Service Centre (ESC). This new initiative, inaugurated on November 5, reflects Cambodia’s commitment to advancing its local products on a global stage. The ESC is specifically designed to equip Cambodian exporters with critical support, resources, and guidance…
