For most of the 21st century, Cambodia has enjoyed significant economic expansion, moving from a period of political turmoil to emerge as one of the fastest-growing economies in the world. Cambodia achieved lower-middle-income status in 2015, largely as a result of free-market reforms, the introduction ...

The COVID-19 pandemic has hit global and Cambodia’s economies hard, having a spillover on the stability of the banking system. Banks and financial institutions have continued to provide services to customers, which can be seen through the rise in the number of depositors’ accounts to ...

The total value of Cambodia’s international trade amounted to $35.8 billion in 2020, a 2.5 percent increase on the $34.9 billion in 2019 even after the Covid-19 pandemic slowed global trade, according to Ministry of Commerce (MoC) reports from 2020. The main sources of Cambodia’s ...

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, ...

Phum Doung Bridge over the Tatai River. Photo by Robert Tyabji, taken on  9 December 2010. Licensed under  CC BY-NC-ND 2.0Bilateral aid is assistance given by a government directly to the government of another country or to a local NGO. The Royal Government of Cambodia ...

Farmers harvest corn from their farms, Cambodia. Photo by World Bank/Chhor Sokunthea, taken on 17 July 2013. Licensed under CC BY-NC-ND 2.0Key agricultural commodities and products include rice, rubber, corn (maize), vegetables and fruit, and cassava (tapioca). More than 90 percent of Cambodia’s agricultural exports ...

Growth in sugar production in Cambodia has created significant potential for sugarcane-based biofuel production. That potential has not yet been realized, though recent foreign investment may give rise to change. There are several types of sugar crop: sugarcane, sugar palm trees and sugar beets. Sugarcane ...

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.277 The National Bank of Cambodia (NBC), Cambodia Microfinance Association, and other relevant institutions pointed out the rate of the ...

In Southeast Asia, Cambodia is one of the countries rich in natural resources—gemstones, gas, oil, phosphates, manganese, iron ore and timber.299 Since the early 2000s, many companies like Thailand’s PTT, Petro Vietnam and China National Offshore Oil Corp (CNOOC) have searched for possible oil reserves ...

Ministry of Women’s Affairs. Photo taken from the Ministry’s Facebook Page, taken on 17 September 2016.EstablishmentUnder Royal Decree No. NS/RKM/0197/22, the Ministry of Women’s Affairs was formally established on 24 January 1996. The Ministry became the Ministry of Women and Veteran’s Affairs under the Royal ...

The garment industry has rooted in Cambodia earlier than the footwear industry. As a result of trade privileges given by the U.S. and EU, both industries have blossomed. As of 2013, the garment and footwear industries were accountable for about 80 percent of Cambodia’s total ...

National Assembly of Cambodia. Photo by Sorn Seang Heng, taken on 12 June 2010. Licensed under CC-BY 2.0.With a constitution written a little more than 20 years ago, the current rule of law in Cambodia is relatively new, and continues to be shaped by many ...

The National Bank of Cambodia (NBC) was established through the Law on the organization and conduct of the National Bank of Cambodia in 1996.447 NBC is the nation’s central bank, whose mission is to determine and direct the monetary policy in order to maintain price ...

Prime Minister of Australia, The Hon Anthony Albanese MP, and Prime Minister Hun ​Sen at Gala Dinner for ASEAN Heads of State/Government/Delegation and Spouses, dated 12 November 2022. Photo from Ministry of Foreign Affairs and International Cooperation of Cambodia.Cambodia and Australia established their diplomatic ties ...

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.509 The FDI reached an all-time high of 14.1% in 2012 and nearly ...

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 ...

Small and medium enterprises (SME) have long been considered a vital driver to economic growth for developing economies. SMEs stimulate job creation throughout the country. Migration of employment to neighboring countries and the unemployment rate has significantly decreased due to a rising number of SMEs, ...

Rice farmers working in the field, Kandal province, Cambodia. Photo by ILO/ Khem Sovannara, taken on 12 July 2007. Licensed under CC BY-NC-ND 2.0.Agriculture continues to play an important role in Cambodia’s economy, but it provides a livelihood for a smaller proportion of today’s population ...

Cassava is a significant contributor to the agricultural sector in Cambodia. The planting, harvesting, processing and export of cassava provides jobs and livelihoods for thousands of Cambodians. Cassava is a significant cash crop for Cambodian farmers.638  Cassava production in Cambodia has increased substantially since 2006. ...

On 5 March 2022, Open Development Cambodia (ODC), in collaboration with the Institute of Digital Governance of the Cambodia Academy of Digital Technology (CADT), was delighted to host the Open Data Day 2022 at CADT in Phnom Penh. This is the 8th consecutive year that ...