Economy and commerce

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. ...

Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth Friday said that the Royal Government plans to launch a program to ‘promote competitiveness, increase diversification and strengthen resilience for economic growth in a highly uncertain global environment 2025-2028’. ...

The investment climate in Cambodia is showing significant growth in 2024, with promising opportunities and positive growth trends in the coming years, said Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia (CDC).​ ...

In a landmark moment for Cambodia, the UN General Assembly adopted a resolution later last week confirming the graduation of Cambodia from the Least Developed Countries (LDC) category in 2029 along with the African country Senegal. ...

Prime Minister Hun Manet on Friday said that the Council for the Development of Cambodia (CDC) approved 414 investment projects worth $6.90 billion in 2024, an increase of 40 percent compared to $4.92 billion last year. ...

Bilateral trade volume between Cambodia and South Korea reached $762 million in 2024, an increase of 11.49 percent compared to the previous year, according to a report from the Ministry of Commerce (MoC), released yesterday. ...

Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance Wednesday joined Sandrine Boucher, French Development Agency (AFD) Country Director, Fabrice Etienne, Chargé d’Affaires of the French Embassy to the Kingdom of Cambodia, and Bryan Fornari, Head of Cooperation, EU Delegation in Cambodia to ...

In its annual Cambodia Economic Update, released this month, the World Bank notes that only 39 per cent of Cambodian firms cite inadequate education as an obstacle to doing business. ...