Footwear export revenue sees decline
Cambodia’s export revenue from footwear and related products reached nearly $1 billion in the first nine months of 2023, marking a 25.1% decline from the $1.32 billion recorded during the same period last year. ...
Hin Pisei
https://www.phnompenhpost.com/business/footwear-export-revenue-sees-decline
Electrical machinery sales close to double as tech exports surge
Cambodia’s exports of electrical machinery, equipment and related products surpassed $2.4 billion in the first nine months of 2023, marking an increase of nearly double compared to the same period last year, according to the General Department of Customs and Excise (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/electrical-machinery-sales-close-double-tech-exports-surge
Construction approvals down, investment up
Cambodia approved over 2,600 construction investment projects in the first three quarters of 2023, marking a 19% decrease compared to the same period in 2022. Investment capital and construction space, however, have surged by over 100%, as per the Ministry of Economy and Finance ...
Hin Pisei
https://www.phnompenhpost.com/business/construction-approvals-down-investment-up
Announcement on incentive mechanism for voluntary business registration of informal economies
On 21 November 2023, the Ministry of Commerce issued an announcement offering incentives to the informal economy that voluntarily registers their businesses. Registered informal economy entities will receive government support, including exemptions from compliance requirements and other penalties. ...
Ministry of Commerce
Ministry achieves over 56% of road construction goals
The Ministry of Public Works and Transport (MPWT) had set a target of building and constructing 850 national and provincial roads with a length of more than 20,000 km by end 2023, with the roads been paved with rubber and concrete. ...
Torn Vibol
https://www.khmertimeskh.com/501447891/ministry-achieves-over-56-of-road-construction-goals/
Gov’t debt reached $10.7 billion in Q3 last year
The Royal Government of Cambodia (RGC) has a total public debt stock of $10.72 billion by the third quarter (Q3) of 2023 of which 99.5 percent is public external debt and the remaining goes to the public domestic debt, said the Ministry of Economy and ...
Nhean Chamrong
https://www.khmertimeskh.com/501428579/govt-debt-reached-10-7-billion-in-q3-last-year/
Trade with Singapore grows, exceeds $900M
The total value of trade between Cambodia and Singapore amounted to almost $920 million in 2023, marking an increase of over 7% compared to the previous year. Imports from the city-state represented a substantial 94% of the figure, according to the General Department of Customs ...
Hin Pisei
https://www.phnompenhpost.com/business/trade-with-singapore-grows-exceeds-900m
Cambodia’s exports to RCEP countries up 16 percent in 4 months
Cambodia earned over $3.36 billion from exports to members of the Regional Comprehensive Economic Partnership (RCEP) in the first four months this year, up 16.2 percent from $2.89 billion recorded in the same period in 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501489447/cambodias-exports-to-rcep-countries-up-16-percent-in-4-months/
Cambodia’s insurance industry sees slight growth in first 5 months of 2024
An Insurance Regulator of Cambodia (IRC) report showed on Monday that Cambodia’s insurance industry recorded a gross premium of $150 million in the first five months of 2024, up 1.2 percent from $148.1 million over the same period in 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501511655/cambodias-insurance-industry-sees-slight-growth-in-first-5-months-of-2024/
Notification of the change of the official website of the National Bank of Cambodia
On 3 February 2023, the National Bank of Cambodia (NBC) issued a notification informing the public about the change of the official website of the National Bank of Cambodia. The changes are made to enhance the security of the management and use of the official ...
National Bank of Cambodia (NBC)
Press release on the outcome of the meeting between the Prime Minister and the Minister of Agriculture, Food and Rural Affairs of the Republic of Korea
On 28 August 2023, the spokespersons for the Prime Minister’s Office issued a press release on the outcome of a meeting between His Excellency Dr. Hun Manet, Prime Minister of the Kingdom of Cambodia, and His Excellency Chung Hwang-Keun, Minister of Agriculture, Food and Rural ...
Prime Minister's Office
Press release on the outcome of the “X Global Baku Forum”
On 13 March 2023, the National Assembly of the Kingdom of Cambodia issued a press release on the results of participating in the “X Global Baku Forum” under the theme “The World Now: Challenges and Hopes” from 7 to 12 March 2023 in Baku, Republic ...
National Assembly
Press release: The new Australian envoy vows to strengthen the bilateral ties
On 16 March 2023, the Ministry of Foreign Affairs and International Cooperation issued a press release after the courtesy call between H.E. Mr. Justin Kevin Whyatt, the new Ambassador of Australia to Cambodia, and H.E. Prak Sokhonn, Deputy Prime Minister, Minister of Foreign Affairs and ...
Ministry of Foreign Affairs and International Cooperation
Join Us: Training opportunity for SMEs and informal economy participants
Open Development Cambodia Organization (ODC) is excited to announce a full-day training session set on 22 December 2023, in Phnom Penh. The session touches on the business registration process, digital literacy, and digital security, targeting informal economies and SMEs, including women and indigenous peoples, and ...
Open Development Cambodia Organization
Tourism
![](https://opendevelopmentcambodia.net/wp-content/uploads/2023/02/3142368854_cf3bcabb4c_c-150x150.jpg)
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 ...
Press release on the result of the first session of the National Assembly of the 7th legislature on 22 August 2023
On 22 August 2023, the General Secretariat of the National Assembly issued a press release on the result of the first session of the 7th legislature under the high presidency of Samdech Akka Moha Ponhea Chakrei Heng Smarin, Senator of the National Assembly, and 123 ...
General Secretariat of the National Assembly
PPWSA plans to produce and supply more than 245 million cubic meters of clean water to the people of Phnom Penh by 2023
Sim Sitha, Under Secretary of State, Ministry of Industry, Science, Technology and Innovation and Chairman of the Board of Directors of Phnom Penh Water Supply Authority has set up a plan to produce and supply clean water of more than 245 million cubic meters to ...
Khmer Times Staff
https://www.khmertimeskh.com/501298576/ppwsa-plans-to-produce-and-supply-more-than-245-million-cubic-meters-of-clean-water-to-the-people-of-phnom-penh-by-2023/
Number of factories in Cambodia grows from 64 in 1997 to 1,326 in 2023, says Prime Minister Hun Sen
During a meeting with nearly 20,000 workers and employees in the Royal Group Phnom Penh Special Economic Zone, on May 26, Prime Minister Hun Sen, said that Cambodia currently has 1,326 factories with more than 840,000 labor force across the country. ...
Khmer Times Staff
https://www.khmertimeskh.com/501297669/number-of-factories-in-cambodia-grows-from-64-in-1997-to-1326-in-2023-says-prime-minister-hun-sen/
Cambodia’s trade turnover over $19.2 bn in Jan-May 2023; 14% YoY drop
Cambodia’s trade turnover with global partners topped $19.2 billion in the first five months this year, a 14 per cent year on year (YoY) decline, government statistics show. ...
Khmer Times Staff
https://www.khmertimeskh.com/501310428/cambodias-trade-turnover-over-19-2-bn-in-jan-may-2023-14-yoy-drop/
Press Release: Outcomes of the 19th Government-Private Sector Forum on November 13, 2023, by Council for the Development of Cambodia
On the morning of Monday, 13 November 2023, at the Peace Palace, the 19th Government-Private Sector Forum was held, presided over by Samdech Moha Bovorthipadi Hun Manet, the Prime Minister of the Kingdom of Cambodia. The forum gathered approximately 1,200 attendees, including His and Her ...
Council for the Development of Cambodia