Economy and commerce

Plans moving forward for Japanese SEZ

Cambodia is actively working to establish the Cambodia-Japan Special Economic Zone (SEZ) to attract more Japanese investment, given its current status as a key trade and investment partner, according to a press release from the Council for the Development of Cambodia (CDC). CDC first vice-president ...

Hin Pisei
https://www.phnompenhpost.com/national/plans-moving-forward-for-japanese-sez

Cambodian ministry projects nearly 6.6% growth in 2024

Cambodia’s economy is projected to grow by nearly 6.6 per cent this year despite geopolitical tensions and a global economic slowdown, according to officials from the ministry of economy and finance. ...

Khmer Times Staff
https://khmertimeskh.com/501444973/cambodian-ministry-projects-nearly-6-6-growth-in-2024/

SMEs registration inches up to 443,628 last year

The Ministry of Industry, Science, Technology, and Innovation (MISTI) registered a new growth of small and medium enterprises (SMEs) by 1.43 percent to 44,628 last year, an official report showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501444697/smes-registration-inches-up-to-443628-last-year/

Cambodia’s GDP likely to touch $35B this year, ministry says

Cambodia’s GDP could touch $35 billion (143 trillion riel) this year, said a senior official from the Ministry of Economy and Finance. ...

Rachel David
https://www.khmertimeskh.com/501443985/cambodias-gdp-likely-to-touch-35b-this-year-ministry-says/

PM: SMEs still plays crucial role in bolstering national economy

Cambodian Prime Minister Hun Manet paid high attention to Small and Medium Enterprises (SMEs) as it contributed to enhancing the national economy. ...

Khmer Times Staff
https://www.khmertimeskh.com/501444255/pm-smes-still-plays-crucial-role-in-bolstering-national-economy/

A large Indonesian company interested in Cambodia’s real estate and healthcare sectors

Lippo Group, a large Indonesian company, is interested in investments in the areas of real estate, healthcare, financial and banking services, supermarket, etc. in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501443469/a-large-indonesian-company-interested-in-cambodias-real-estate-and-healthcare-sectors/

Home not farming, takes precedence when Cambodians take MFIs loans

Showing a shift in mindset, more Cambodians are now taking loans from microfinance institutions (MFIs) over home needs than for farming. ...

Rachel David
https://www.khmertimeskh.com/501442492/home-not-farming-takes-precedence-when-cambodians-take-mfis-loans/

CDC registered 22 investment projects worth $444 million in the first 15 days of February 2024

In the 15 days of February 2024, the Council for the Development of Cambodia (CDC) decided to issue certificates for the registration of 22 qualified investment projects with a total investment capital of more than $444 million. This is according to the report from the ...

Khmer Times Staff
https://www.khmertimeskh.com/501442338/cdc-registered-22-investment-projects-worth-444-million-in-the-first-15-days-of-february-2024/

Cambodia, UK foster bilateral trade and economic cooperation

Cambodia and the United Kingdom have agreed to push for better economic and trade cooperation, amid significant growth in bilateral trade in recent years. ...

Chea Vanyuth
https://www.khmertimeskh.com/501442504/cambodia-uk-foster-bilateral-trade-and-economic-cooperation/

PM invites Chinese investors to put​ money into infra sector

Prime Minister Hun Manet has invited Chinese investors to invest in infrastructure projects in Cambodia as the government sees this as key to the country’s socio-economic development. ...

Chea Vanyuth
https://www.khmertimeskh.com/501442510/pm-invites-chinese-investors-to-put-money-into-infra-sector/

Thai businessmen likely to invest $1B in Cambodia

A week after Prime Minister Hun Manet concluded his first official trip to Thailand, hundreds of Thai businessmen have shown keen interest in exploring investment opportunities in three potential projects across Cambodia in early March to the tune of $1 billion. ...

Nheng Chamrong
https://www.khmertimeskh.com/501442027/thai-businessmen-likely-to-invest-1b-in-cambodia/

Microfinance sector provided $5.12B loans to 1.57M clients in 2023

The microfinance sector has provided a credit sum of $5.12 billion to 1.57 million clients, an average of $3,260 per account last year, creating direct employment for 21,567 people nationwide with a business network of 904 offices. ...

Nhean Chamrong
https://www.khmertimeskh.com/501440074/microfinance-sector-provided-5-12b-loans-to-1-57m-clients-in-2023/

Cambodia’s rubber exports rise by 123 percent

Amid the fall in global demand, Cambodia earned $121 million from the exports of rubber articles in the first month of this year, an increase of 123.5 percent compared to the same period last year, according to the latest trade data of the General Department ...

Manoj Mathew
https://www.khmertimeskh.com/501440080/cambodias-rubber-exports-rise-by-123-percent/

Cambodia boosts rice exports 25% to 46,221 tonnes in Jan

Cambodia exported 25.2 percent more milled rice to 46,221 tonnes this January, compared to the previous year, as per a Cambodia Rice Federation (CRF)’s report. This resulted in a 13 percent year-over-year rise in income to the exchequer of $32.6 million from rice exports in ...

Rachel David
https://www.khmertimeskh.com/501439361/cambodia-boosts-rice-exports-25-to-46221-tonnes-in-jan/

Cambodia’s GFT exports jump 22% amid rising hopes

The exports of garments, footwear and travel goods (GFT) rose by 21.64 percent in January this year, earning $967 million for the sector after declining for most of the time last year. The turnaround brought cheers to the vital sector of the Cambodian economy that ...

Manoj Mathew
https://www.khmertimeskh.com/501439379/cambodias-gft-exports-jump-22-amid-rising-hopes/

Cambodia-Japan SEZ project on the cards

The Cambodian government is preparing a policy on establishing Cambodia-Japan special economic zones as the country is keen to attract more direct investments from Japan. ...

Chea Vanyuth
https://www.khmertimeskh.com/501439391/cambodia-japan-sez-project-on-the-cards/

Cambodia’s international trade up 16.7 pct in January

Cambodia’s foreign trade volume hit $4.05 billion in January 2024, up 16.7 percent from $3.47 billion in the same month last year, an official report showed on February 12, 2024. ...

Khmer Times Staff
https://www.khmertimeskh.com/501439008/cambodias-international-trade-up-16-7-pct-in-january/

Cambodia’s tourism earns $3.04 billion revenue in 2023

Cambodia’s tourism earned gross revenue of $3.04 billion in 2023, up 115 percent from $1.41 billion in a year earlier, according to a Ministry of Tourisms report released on February 12, 2024. ...

Khmer Times Staff
https://www.khmertimeskh.com/501439009/cambodias-tourism-earns-3-04-billion-revenue-in-2023/

Cambodia to generate 10.2 million jobs by 2026

With the employment rate growing on an average of 2.5 percent annually, the nation will create additional jobs for about 235,000 people per year, increasing the opportunities to approximately 10.2 million in the next three years. ...

N​h​e​an​ C​ham​ron​g​
https://www.khmertimeskh.com/501438762/cambodia-to-generate-10-2-million-jobs-by-2026/

Royal Group PPSP sees four-fold increase in annual net profits in 2023

Royal Group Phnom Penh SEZ Plc. (RGPPSP) has recorded an almost four-fold increase in annual net profits for 2023 compared to 2022, according to a Cambodia Stock Exchange (CSX) bourse filing by the special economic zone (SEZ) developer last week. ...

James Whitehead
https://www.khmertimeskh.com/501438729/royal-group-ppsp-sees-four-fold-increase-in-annual-net-profits-in-2023/

Sihanoukville investors seeking ‘special benefits’ can apply now

Business people and investors who wish to receive ‘special benefits’ as part of the newly launched special programme to promote investments in Preah Sihanouk Province can file their applications now before the Preah Sihanouk Investment Promotion Working Group, according to a statement issued by the ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501437050/sihanoukville-investors-seeking-special-benefits-can-apply-now/

Small enterprises to receive financial support from ADB, FTB

Realising that 99 percent of Cambodian businesses are micro, small, and medium-sized enterprises (MSMEs), the Foreign Trade Bank of Cambodia (FTB) and the Asian Development Bank’s (ADB) have stepped into to fill the market gaps across the whole country. ...

Nhean Chamrong
https://www.khmertimeskh.com/501437116/small-enterprises-to-receive-financial-support-from-adb-ftb/

Siem Reap receives more than 110,000 tourists during the Chinese-Vietnamese New Year

Tourists and people of Siem Reap Province visit various resorts in Siem Reap Province during the Chinese-Vietnamese New Year from February 9–11, 2024, for a total of 117,677 people, an increase of 11.56% compared to 2023, about 105,481 people. ...

Khmer Times Staff
https://www.khmertimeskh.com/501438425/siem-reap-receives-more-than-110000-tourists-during-the-chinese-vietnamese-new-year/

$5.18B disbursed as wages by registered firms in 2023

Businesses and factories registered with the Ministry of Labour and Vocational Training (MLVT) paid $5.18 billion as wages last year, according to Prime Minister Hun Manet, yesterday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501437084/5-18b-disbursed-as-wages-by-registered-firms-in-2023/

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