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The General Department of Customs and Excise of Cambodia (GDCE) reported a tax revenue collection of approximately US$2,590 million in 2024, marking a 13.8 percent increase from US$2,288 million in the previous year. These figures were disclosed during an annual meeting on February 10, chaired by H.E. Aun Pornmoniroth, Deputy Prime Minister and Minister of…
The Council for the Development of Cambodia (CDC) is working towards aligning Cambodia’s logistics sector with the World Bank’s Logistics Performance Index (LPI) standards. The goal is to enhance efficiency, competitiveness, and position Cambodia as a key logistics hub in the region. On February 4, a high-level meeting took place at the CDC headquarters, co-chaired…
H.E. Samheng Bora, Secretary of State of the Ministry of Commerce and Chairman of the Export Promotion Task Force, met on January 29 with Mr. Akira Sasaki, Managing Director of Inoue Calcium Corporation, to discuss the expansion of Cambodia’s cashew nut and pepper exports to Japan. The meeting, attended by senior officials from the Ministry…
Nippon Koei Business Partners Co., Ltd. has expressed interest in investing in Cambodia’s cashew processing sector, focusing on producing cashew nut-based products such as vinegar and oil, as well as utilizing cashew shells for animal feed. The company’s investment interest was highlighted by Mr. Tsutomu Tamura, Deputy General Manager of Nippon Koei Business Partners Co.,…
Preah Vihear province has inaugurated a new natural rubber processing plant, opening up fresh market opportunities for the resource while enhancing livelihoods and promoting ecological balance. Deputy Prime Minister and Minister of Civil Service H.E. Hun Many presided over the inauguration ceremony of the facility, which is operated by domestic investor Try Pheap Import Export…
Cambodia’s exports to the United Kingdom reached nearly $1 billion in 2024, marking a 20.4% year-on-year increase and highlighting the UK as Cambodia’s 10th-largest trading partner. The total trade volume between the two nations rose to $1.012 billion, up 16% from 2023, according to the General Department of Customs and Excise (GDCE). Of this trade,…
Cambodia’s primary exports in 2024 included textiles, electronic components, rice, and solar panels. However, a recent business forum shed light on additional sectors ripe for investment, urging global investors to consider the Kingdom as a prime destination for capital. At the “Cambodia-Philippines Business Forum,” held in Phnom Penh on January 22-23, Lim Socheat, vice-president of…
The Royal Group Phnom Penh Special Economic Zone (RGPPSEZ) announced a record-breaking export value of $1.88 billion in 2024, representing a 16% increase from the previous year. This achievement highlights the critical role of RGPPSEZ and other special economic zones (SEZs) in driving Cambodia’s industrial growth and attracting foreign investment. Exports from RGPPSEZ’s more than…
The industrial sector is set to drive Cambodia’s economic growth in 2025, with an anticipated expansion of 8.6%, according to the Budget in Brief Fiscal Year 2025 released by the Ministry of Economy and Finance. This follows a growth rate of 8.5% in 2024, cementing the sector’s pivotal role in the Kingdom’s development. Despite facing…
Bavet City, Svay Rieng Province – Construction of a new tyre factory has officially started in Bavet City’s special economic zone on January 12, with an investment of around USD 500 million. The project is expected to create about 1,000 jobs for local residents. The ceremony to mark the start of the Wanli tyre factory’s…
Cambodia witnessed an extraordinary surge in fixed-asset investment, reaching 6.9 billion U.S. dollars in 2024, reflecting a remarkable 40% increase from the 4.92 billion dollars recorded the previous year, according to a news release by the Council for the Development of Cambodia (CDC) on Saturday. The Southeast Asian nation approved 414 investment projects last year,…
Sihanoukville, Cambodia – ISI GROUP, in collaboration with capital partners, officially launched the ISI Special Economic Zone (ISI SEZ), a landmark development spanning over 800 hectares in Sihanoukville, Preah Sihanouk province, on January 10. The grand launch event was presided over by H.E. Say Samal, Deputy Prime Minister and Minister of Land Management, Urban Planning,…
The value of imports and exports passing through Cambodia’s Sihanoukville Special Economic Zone (SSEZ) hit a record high in 2024, according to Cambodia’s customs data released on Monday. The total trade volume of enterprises within the SSEZ reached an impressive US$4.07 billion in 2024, reflecting a year-on-year increase of 21.3 percent. This surge in trade…
