Investment
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Cambodia restructured its economy after many years of protracted war and instability. The economy grew strongly following the country’s transition to a free-market economy as it opened to trade and capital flows. Growth was supported by the flow of development assistance, access to the European ...
Women in development
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Dr. Tan Reasmey, researcher and lecturer in the Department of Chemical Engineering and Food Technology at the Institute of Technology of Cambodia. Photo taken from the USAID Asia on August 18, 2016. Licensed under CC BY-NC-SA 2.0.Relevant national policy frameworksFrom the perspective of the government as ...
Poverty policy and regulation
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As a fast-developing nation, Cambodia has always found poverty one of its main challenges. The Rectangular Strategy states that eradicating poverty has long been one of the Royal Government of Cambodia’s (RGC’s) highest priorities.131 Since the country’s first major post-civil war election in 1993, Cambodia ...
Vocational education
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By definition, Vocational education refers to the program that enables people to acquire highly transferable and development skills. It also grants people the necessary technical skill for their desired career.227 Cambodia’s vocational education plays an important role during the country’s economic structural transition and the ...
Ministry of Foreign Affairs and International Cooperation
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Ministry of Foreign Affairs and International Cooperation. Photo taken from the ministry’s Facebook Page, taken on 23 August 2023.EstablishmentUnder Royal Decree No. NS/RKM/0196/10, the Ministry of Foreign Affairs and International Cooperation (MFAIC) was formally established on 24 January 1996. The ministry has a total of ...
Higher education
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Higher education, in general, refers to education beyond the secondary level. Higher education institutions (HEIs) in Cambodia can be classified into three categories: The Royal Academy, university, and college. Cambodia’s higher education consists of an associate degree, four years of undergraduate education, two years of ...
Major banks
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In 2020, COVID-19 severely impacted both the global and Cambodia economies. The banking system in Cambodia is also affected but at a moderate and manageable level.409 The National Bank of Cambodia (NBC), Cambodia Microfinance Association, and other relevant institutions pointed out the rate of the ...
Foreign investors
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Things you should know about Cambodia before investingCambodia has performed well on foreign direct investment (FDI) so far, three times better than predicted, which scored 3.6, becoming the top 25 in the world.431 The FDI reached an all-time high of 14.1% in 2012 and nearly ...
Science and technology policy and administration
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Cambodia has the ambition to transform and digitalize the government system and its economy. The overarching determination comes after the country’s ambitious economic goal of 2050, the readiness to keep up with the region’s science and technology development, and the global megatrend, the fourth industrial ...
Education policy and administration
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The Royal Government of Cambodia has continued its effort to reform the education sector at all levels. Over the years, policies and regulations have been enforced to improve education quality, accessibility, efficiency, effectiveness, inclusiveness, and transparency. Those policies and regulations include Education Strategic Plan 2019-2023, ...
National Bank of Cambodia
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The National Bank of Cambodia (NBC) was established through the Law on the organization and conduct of the National Bank of Cambodia in 1996.593 NBC is the nation’s central bank, whose mission is to determine and direct the monetary policy in order to maintain price ...
Pandemics
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Pandemics are disease epidemics that spread from person to person as a result of human-to-human transmission. Many medical texts do not define the term “pandemic”. However, some key characteristics of pandemics, including wide geographic spread, disease movement, novelty, severity, high attack rates and explosiveness, minimal ...
Development and assistance for poverty reduction and food security
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USAID’s Harvest program is helping Cambodia’s farmers. Photo by USAID, taken on 09 December 2013. Under the license CC BY-ND 2.0.The country has achieved remarkable sustainable growth, however, poverty and food security remain the challenges. The Royal Government of Cambodia (RGC) has acknowledged that to ...
Law making process
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The law-making process is about making and enacting new laws or revising existing laws.In the Kingdom of Cambodia, three institutions can initiate the law-making process: any member of the National Assembly, any member of the Senate and the prime minister. 723 Most of the texts ...
Tourism
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The Royal Government of Cambodia has acknowledged the potential of the tourism industry as a source of Cambodia’s socio-economy growth, including job creation and poverty reduction. Tourism has been considered one of Cambodia’s key economic pillars, both international and domestic. In the early 2000s, the ...
SMEs policy and regulation
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The Covid-19 pandemic has caused a major economic shock in Cambodia, having a spillover on Cambodian micro, small and medium enterprises (MSMEs) and small household farmers’ survival and business continuity.821 Digital technologies are crucial during the pandemic, in which the owners of SMEs should focus ...
Swedish aid
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Sweden’s Ambassador to Cambodia, His Excellency Björn Häggmark, shook hands with Prime Minister Hun Sen, dated 04 December 2019. Photo from Prime Minister Hun Sen’s Facebook page.Cambodia and Sweden established their diplomatic ties in 1961. Sweden started to provide the first development cooperation support in ...
United Nations
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Secretary-General António Guterres (right) meets with Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia in New York. Photo taken from the UN website on 22 September 2022.The United Nations (UN), founded in 1945 and guided by the UN ...