Economy and commerce
Investment
French trade minister plans Cambodia trip
French foreign trade minister Olivier Becht’s plans to visit the Kingdom from January 24-25 have been welcomed as a major step in improving economic cooperation between the two nations, including by a senior commerce official and a leader of the local business community. ...
May Kunmakara
https://www.phnompenhpost.com/business/french-trade-minister-plans-cambodia-trip
Cambodia average annual FDI inflows growth at 8.1 percent
Cambodia recorded an average annual FDI inflow growth of 8.1 percent from 2017 to 2021, according to ESCAP’s Asia-Pacific Trade and Investment Trends 2022/2023 Country Report for Cambodia. ...
Adur Pradeep
https://www.khmertimeskh.com/501222747/cambodia-average-annual-fdi-inflows-growth-at-8-1-percent/
New int’l airport nearly half complete as travel industry returns to life
Construction of a new airport that is slated to serve the capital has passed the 43 per cent completion mark, raising prospects for a proper recovery in the civil aviation and tourism sectors as international travellers return to the Kingdom in increasingly large numbers. ...
May Kunmakara
https://www.phnompenhpost.com/business/new-intl-airport-nearly-half-complete-travel-industry-returns-life
Hun Sen encourages Korean investment
Prime Minister Hun Sen asked a former South Korean leader to help promote Cambodia and attract more Korean investors to the Kingdom now that there is a free trade agreement (FTA) in place between the countries. ...
Lay Samean
https://www.phnompenhpost.com/business/hun-sen-encourages-korean-investment
PM urges Korean investment in processing, tech industries
Prime Minister Hun Sen on Saturday morning last week asked former Deputy Prime Minister Ou Myung and an industrial delegation of South Korea to urge investors to invest in processing and high-end technology industries in Cambodia, said a release. ...
Kang Sothear
https://www.khmertimeskh.com/501219858/pm-urges-korean-investment-in-processing-tech-industries/
Work on Cambodian capital new airport expected to finish in 2024
The construction work on a Chinese-built new Phnom Penh international airport, formally known as the Techo International Airport, is expected to be completed in 2024, a spokesman said on Sunday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501220244/work-on-cambodian-capital-new-airport-expected-to-finish-in-2024/
Imports and exports via Sihanoukville special economic zone up 12 percent in 2022
The value of imports and exports passing through the China-Cambodia jointly invested Sihanoukville Special Economic Zone (SSEZ) reached $2.49 billion in 2022, a year-on-year increase of 12 percent, SSEZ General Manager Cao Jianjiang told Xinhua on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501217663/imports-and-exports-via-sihanoukville-special-economic-zone-up-12-percent-in-2022/
October 2023 start date targeted for Siem Reap Angkor International Airport in Cambodia
Sixty-three percent of the construction work on a Chinese-invested international airport in northwestern Cambodia’s Siem Reap province has so far been completed, said a press statement on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501217684/october-2023-start-date-targeted-for-siem-reap-angkor-international-airport-in-cambodia/
China importers urged to buy from Cambodia
The head of the apex Cambodia trade body has asked importers operating in the southern Chinese region of Guangxi to take advantage of the Cambodia-China Free Trade Agreement (CCFTA) and buy produce made in the Kingdom, particularly items on which concessions have been granted. ...
May Kunmakara
https://www.phnompenhpost.com/business/china-importers-urged-buy-cambodia
Construction begins ‘soon’ on 1M sqm Kampong Cham SEZ
An unnamed special economic zone (SEZ) is set to break ground on a one-million square metre plot in Kampong Cham province’s Cheung Prey district “soon”, according to provincial governor Un Chanda. The governor revealed this to the media on January 9 on the sidelines of a ...
May Kunmakara
https://www.phnompenhpost.com/business/construction-begins-soon-1m-sqm-kampong-cham-sez
Walmart looks to expand Cambodian business
Walmart, the world’s largest retailer intends to learn more about Cambodia’s trade and investment potential, potentially expanding its business in a future collaboration with the Ministry of Commerce. ...
Van Socheata
https://www.phnompenhpost.com/business/walmart-looks-expand-cambodian-business
Projects worth $16 million to create over 4.6K jobs
Investment projects worth $16 million are expected to create more than 4,600 jobs in Cambodia as the Council for the Development of Cambodia (CDC) last week gave the project registration certificate to three companies. ...
Adur Pradeep
https://www.khmertimeskh.com/501216132/projects-worth-16-million-to-create-over-4-6k-jobs/
$4.685 billion investment projects approved in 2022
The Council for the Development of Cambodia (CDC) approved fixed asset investment projects worth over $4.685 billion in 2022, up 7 percent as compared to a year before. ...
Chea Vanyuth
https://www.khmertimeskh.com/501216023/4-685-billion-investment-projects-approved-in-2022/
FDI inflow to Cambodia increases by 7.7 percent in 2022 despite global uncertainty
Cambodia attracted fixed-asset investment of $4.68 billion in 2022, up 7.5 percent from $4.35 billion in a year earlier, a Council for the Development of Cambodia’s report showed on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501215425/fdi-inflow-to-cambodia-increases-by-7-7-percent-in-2022-despite-global-uncertainty/
Big $0.3B tyre plant finished ‘by May’
Construction work on a massive tyre factory in Sihanoukville Special Economic Zone (SSEZ) is expected to be completed by May, according to Preah Sihanouk Provincial Administration spokesman Kheang Phearom on January 3. ...
May Kunmakara
https://www.phnompenhpost.com/business/big-03b-tyre-plant-finished-may
International brand plans local jewellery factory
A “well-known” but unnamed international brand has chosen Cambodia as the location to set up a new export-oriented jewellery factory, revealing plans to start investment operations in early 2024, the Council for the Development of Cambodia (CDC) reported. ...
Hin Pisei
https://www.phnompenhpost.com/business/international-brand-plans-local-jewellery-factory
Workers, families feel rising market’s pressure: Economy 2022
As Cambodia touted recovering trade and GDP growth, thousands took to the streets this year over repression at work or struggles in the market. The year marked a return to money and goods flowing quickly and unevenly, as the country faced reports of rising poverty and ...
Michael Dickison
https://www.vodkhmer.news/2022/12/30/workers-families-feel-rising-markets-pressure-economy-2022/
Greed for land consumes lakes, forests: Environment 2022
Timber, monkeys, orchids, sand: Cambodia’s protected areas and natural resources continue to be a lucrative source of income, in spite of all the promises (and international funding) to protect them. Above all else, the hunger for land has consumed Cambodians and foreigners alike, triggering a constant ...
Danielle Keeton-Olsen
https://vodenglish.news/greed-for-land-consumes-lakes-forests-environment-2022/
High end fashion designer decides on Cambodia as their investment destination
A delegation from a high-end fashion and accessories producer has decided on Cambodia as their investment destination. ...
Khmer Times Staff
https://www.khmertimeskh.com/501212977/high-end-fashion-designer-decides-on-cambodia-as-their-investment-destination/
China’s BRI greatly benefits Cambodia, other participating countries, says Cambodia’s Prime Minister
Cambodian Prime Minister Hun Sen said here on Monday that the Belt and Road Initiative (BRI) has provided a lot of tangible benefits to his country and other participating countries. ...
Khmer Times Staff
https://www.khmertimeskh.com/501212941/chinas-bri-greatly-benefits-cambodia-other-participating-countries-says-cambodias-prime-minister/
More than one million vehicles travelled on Chinese-invested expressway in Cambodia in 3 months
More than 1 million vehicles had travelled on Cambodia’s first-ever expressway in the first three months since its inauguration in October last year, according to data released by the freeway operator on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501212948/more-than-one-million-vehicles-travelled-on-chinese-invested-expressway-in-cambodia-in-3-months/
2,534 high-rise buildings completed by 2022
According to a study issued on December 27, the Ministry of Management stated that from 2000 until November this year, 2,534 high-rise structures were constructed, including 1,674 in Phnom Penh, 685 in Sihanoukville, 131 in Banteay Meanchey, and 43 in other places. Among the high-rise buildings, ...
Mao Sreypich
https://kiripost.com/stories/2534-high-rise-buildings-completed-by-2022
Sihanoukville port’s earnings fall 2.75%
According to a report issued by Sihanoukville Autonomous Port, it earned more than 85,117 million riels, equivalent to roughly $65 million, in the first nine months of 2022, marking a 2.75 percent decrease from the same period in 2021. ...
Mao Sreypich
https://kiripost.com/stories/sihanoukville-ports-earnings-fall-275
Condo oversupply persists amid low FDI and foreign buyers
Total foreign direct investment (FDI) to the real estate sector peaked at $3.6 billion in the years preceding Covid-19, where half of the approved investments was backed by Chinese investors. In 2019 alone, FDI financing in the property and real estate development in Cambodia stood around ...
Sangeetha Amarthalingam
https://kiripost.com/stories/condo-oversupply-persists-amid-low-fdi-and-foreign-buyers