Economy and commerce

The newly opened Kampot International Tourism Port (KITP) expects to attract half a million Cambodian and international tourists this year, doubling to 1 million next year. ...

The new minimum wage set by the Royal Government came into effect this month. This will enhance productivity and foster harmonious professional relations between employers, unions and stakeholders, said a top government official on Friday. ...

Cambodia reported a 48 percent increase in the number of Chinese tourists to the UNESCO-listed Angkor Archaeological Park in 2024; an official report showed on Saturday. ...

The bilateral trade volume between Cambodia and South Korea reached $762 million by the end of last year, reflecting an 11.49% increase compared to the previous year. Cambodian exports accounted for $288 million of this total, rising by 13.77%, according to the Ministry of Commerce. ...

The National Bank of Cambodia (NBC), yesterday, urged Banking and Financial Institutions (BFIs), as well as the public, to help prevent the circulation of counterfeit US dollar (USD) banknotes in Cambodia. ...

As of November 2024, microfinance institutions (MFIs) across the board have restructured loan balances of over 96,000 clients amounting to nearly $400 million, according to a report released by the Cambodia Microfinance Association (CMA) yesterday. ...

The G7 nations of Japan and Canada are on track to be Cambodia’s fifth and sixth largest trading partners respectively in 2024, according to recent data released by the General Department of Customs and Excise (GDCE). The exchanges between the two countries and the Kingdom ...

The Royal Government through the Ministry of Industry, Technology, Science, and Innovation (MITSI) has encouraged micro, small, and medium-sized enterprises (MSMEs) to formally register with relevant authorities to access the government’s support program.​   ...

Despite strong export growth and a $1.15 billion revenue increase, Vietnam remains the largest market for exporting raw cashew nuts; this is due to challenges in domestic processing and infrastructure, particularly drying fields, that can hinder Cambodia’s potential to become a global leader in the ...

Tonle Sap Lake, the largest natural lake in Southeast Asia and regarded as the cornerstone of Khmer civilization, has provided immense economic benefits, contributing approximately $2 billion annually through fisheries, transportation, and tourism, according to a top government official. ...

Cambodia’s three international airports handled a combined 5.65 million air passengers in 2024, up 39.8 percent from 4.04 million a year before, a report from the State Secretariat of Civil Aviation (SSCA) showed. ...

The Ministry of Tourism (MoT) yesterday reported that Cambodia welcomed 3.54 million tourists during the last two days of 2024. This figure included nearly 50,000 foreigners while citizens accounted for 3.49 million. ...

As Cambodia ushers in 2025, its economic outlook reflects a mix of steady progress and high aspirations. As outlined in its medium-term public finance framework, the government forecasts an economic growth rate of approximately 6.3% for 2025. ...

As of mid-December, Prey Veng rice exports to Vietnam reached 2.94 million tonnes worth over $836.67 million, reported the Ministry of Agriculture, Forestry and Fisheries (MAFF) on Monday. ...

The Council for the Development of Cambodia (CDC) Wednesday encouraged Vietnamese investors to invest and collaborate with Cambodian companies, particularly in high-potential sectors that can integrate with production supply chains in Vietnam. ...

According to a news release from the National Bank of Cambodia (NBC) on Wednesday, Cambodia’s banking and financial institutions reported slow growth in lending during the first 10 months of 2024. ...

Cambodia’s economy is projected to continue its momentum with an expected growth rate of approximately 6.3 percent, according to the Royal Government’s assessment of the medium-term public financial framework for 2025. ...

Deputy Governor of Mondulkiri Provincial Administration Lon Sopheap Monday urged the National Bank of Cambodia (NBC) to accelerate the opening of its branch, which would help promote the use of riel currency and facilitate the Bakong and KHQR systems. ...

The Kingdom exported $8,255 million worth of goods to the Regional Comprehensive Economic Partnership (RCEP) countries in the first 11 months of this year, up 14.35 percent from $7,219 million in the same period last year, said a report released by the Ministry of Commerce. ...

Cambodia and Vietnam have reaffirmed their commitment to bolstering bilateral relations, enhancing cooperation, and fostering mutual trust as good neighbours. ...

Rice, cassava, and cashew nuts in Preah Vihear province generated over $170 million revenue in 2024, said the provincial director of the Department of Agriculture on Saturday. ...

Cambodia’s exports through Special Economic Zones (SEZs) reached $5.4 billion in the first 11 months of this year, a report from the Ministry of Commerce showed yesterday. ...

The National Bank of Cambodia (NBC) Friday said that 91 percent of transactions in Ratanakiri are conducted in riel. ...

‘Cambodia Economic Update December 2024’, the World Bank report released recently records several business barriers that continue to inhibit the labour productivity of Cambodian-based businesses, reducing the ability of some enterprises to successfully expand operations in the country. ...