Economy and commerce

Prime Minister Hun Manet Saturday said that the One Village One Product (OVOP) movement has played a major role in increasing incomes, revitalizing rural economic activities, reducing poverty, curbing migration, and strengthening community ownership.   ...

Sun Chanthol first vice-president of The Council for the Development of Cambodia (CDC), stated that Cambodia is continuing to push for improvements in all sectors to enhance the business environment and increase the potential to attract more foreign direct investment. ...

The National bank of Cambodia has reported large increases in the use of its Bakong digital payment system in 2024, with over 600 million transactions taking place. ...

A senior official from the Ministry of Economy and Finance has suggested that the success of an investment initiative in Preah Sihanouk province will lead to similar, Kingdom-wide programmes. ...

The Ministry of Commerce has rejected claims by US-owned news outlet NK News that North Korean companies are engaged in business in Cambodia. ...

The Coordinating Committee on Informal Economy Development (CCIED) in partnership with the Battambang Provincial Administration has intensified efforts to integrate informal workers into the formal sector.   ...

Cambodia’s market value of E-commerce reached approximately $1.12 billion in 2024 and is projected to reach $1.81 billion in 2029, thanks to the rapid digital payment adoption, a tech-savvy youth population, rising smartphone penetration, and strong government support, said a 2024 E-Commerce report published by ...

Cambodia is keen to boost its agricultural exports to China and the country sees China as a major destination for its increasing agricultural products, according to Lao Nguon Eng, Commercial Attaché to the Consulate General of Cambodia in Guangzhou. ...

As Cambodia’s economy recorded a 6% growth rate in 2024, the government registered nearly 1,300 new Micro, Small, and Medium Enterprises (MSMEs), bringing the total number of MSMEs across the country to nearly 44,000 and employing over 476,200 workers, according to official data. ...

Cambodia’s total value of industrial products in 2024 exceeded $15 billion, with nearly $4 billion allocated to the domestic market and over $11 billion attributed to exports, according to the 2024 Annual Report and 2025 Planning of the Ministry of Industry, Science, Technology & Innovation ...

Cambodia is projected to attract up to 7.5 million international tourists in 2025, Tourism Minister Huot Hak said here on Wednesday. ...

The Cambodian Chamber of Commerce (CCC) Wednesday urged entrepreneurs to better understand the use of standard labels for products and production systems to boost competitiveness in both domestic and international markets. ...

The tourism industry contributed 9.4 per cent to Cambodia’s gross domestic product (GDP) last year, making the sector one of the key drivers of the country’s economy, according to a report from the Ministry of Tourism released on February 24. ...

By the end of 2024, the microfinance sector had supported more than 1.48 million people, providing loans totalling approximately $5.16 billion, according to a report by the Cambodia Microfinance Association (CMA). ...

Cambodia’s manufacturing sector experienced a robust growth in 2024 with the number of manufactures reaching a new high of 2,316 as of November last year, a report from the Ministry of Industry, Science, Technology, and Innovation showed. ...

A senior government official has highlighted the importance of increasing the speed of Cambodia’s economic diversification is essential to achieving its 2050 vision of becoming a high-income country. ...

Bun Rany, President of the Cambodian Red Cross, has called on all relevant national, international, and partner organisations to support both public and private services in the technical and financial aspects of maternal, newborn, child, and youth healthcare to achieve universal health coverage in Cambodia. ...

After the successful completion of ‘2024 Cambodia-China People-to-People Exchange Year’, both countries will commence the ‘Cambodia-China Tourism Year 2025’ next week in Zhengzhou City, Henan province, People’s Republic of China, said a press release issued by the Ministry of Tourism (MoT). ...

THACO AGRI, a subsidiary of Vietnam’s Truong Hai Group Corporation (THACO), which began developing agriculture in Kratie and Ratanakiri provinces in 2018 with a focus on bananas, cattle, and other fruits and vegetables, estimates that it could earn $800 million in annual profits, starting in ...

The Kingdom’s authorities and business community are in general agreement that exports to the US will continue to grow despite the ongoing threat of new US import tariffs. ...

A delegation representing 18 large Chinese companies has expressed interest in investment opportunities in Cambodia, noting that the Kingdom requires foreign capital in several sectors, particularly for planting, producing, and processing goods to meet both domestic and export demand. ...

Cambodia’s rapidly growing startup ecosystem has received a boost thanks to the introduction of the Digital & Green Innovation Accelerator (DGIx) Cambodia, a nine-month initiative aimed at propelling startups using digital and tech-enabled solutions for environmental sustainability. ...

A GS1 Cambodia Expo showcasing products from 25 provinces and cities across the Kingdom was held at The Factory in Phnom Penh on Wednesday. ...

The Ministry of Commerce (MoC) Thursday encouraged small and medium-sized enterprises as well as domestic manufacturers to produce products that meet market demand and are competitive to replace certain imported goods.   ...