Economy and commerce

Cambodian banks might see growth of around 10 percent in 2024, said bankers. Industry insiders say that the banking growth of the past of 20 percent is no longer possible. ...

The exports of garments, footwear and travel goods (GFT) rose by 20.69 percent in the first five months of this year, compared to the same period last year, earning the Kingdom $4.89 billion, according to the trade data released by the General Department of Customs ...

The Investment and Trade Promotion Center of Ho Chi Minh City hosted a seminar on investment promotion between Vietnam and Cambodia in 2024 on June 7. ...

In May 2024, the Council for the Development of Cambodia (CDC) approved 24 new projects and one production expansion project with a total investment of more than $246 million, creating about 15,000 jobs. ...

In May, Chinese investment in Cambodia accounted for almost 50% of total financing, with domestic investment accounting for over 30%, while the US lagged behind at less than one per cent, according to the Council for the Development of Cambodia (CDC). ...

Small and medium-sized enterprises (SMEs) in Cambodia can unlock significant growth opportunities by accessing the securities market, a concept explored in detail during a seminar co-organised by the Securities and Exchange Regulator of Cambodia (SERC), APM (Cambodia) Securities Co Ltd and Asset Pro Management Co ...

Cambodia’s economic activity picked up in the first quarter of 2024, but the education sector, which sits at the center of development, needs to be strengthened. ...

Walk along the streets of any city in Cambodia and there will be at least one money exchanger. ...

Cambodia’s international trade has seen a significant increase in the first five months of 2024, growing by 12 percent compared to the same period last year. ...

Several residential housing projects in Phnom Penh and Siem Reap have been under fire from government authorities recently, with actions taken against illegitimate developments and local buyers warned to conduct due diligence before committing to property purchase agreements. ...

The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) – a non-profit organisation – on Monday proposed the Council for the Development of Cambodia (CDC) to promote local enterprises by allowing the delegation to take part in the overseas trip, luring foreign ...

The Sokimex Group states that it has so far invested about 800 million US dollars to develop of Bokor Mountain in Kampot province.   ...

Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) urged Patrick Murphy, Executive Vice President of Rice and Grain Global Sourcing at Otis McAllister to consider the possibility of exporting more agricultural products into the United States ...

A Ministry of Commerce report released on Wednesday said Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) countries rose to $14.17 billion in the first five months of 2024, up 14.2 percent from $12.4 billion over the same period last year. ...

The United Nations Country Team (UNCT) engaged in its first annual dialogue with Prime Minister Hun Manet to discuss the UN body’s achievements in the country, climate change, gender equity and women’s empowerment, leave no-one behind and international human rights standards. ...

In all, 41 projects have so far qualified for incentives under the ‘Special Investment Promotion Programme for Sihanoukville,’ initiated by Prime Minister Hun Manet in January this year, mainly to solve the issue of unfinished and abandoned constructions in the coastal city since 2019. ...

Cambodia and Türkiye are accelerating efforts to establish direct flights between the two countries as soon as possible, although analysts acknowledged that discussions have been ongoing for several years. ...

The Cambodia Chamber of Commerce (CCC) has requested that the Hungarian government examine the possibility of establishing a commercial office in the Kingdom to expand Cambodia-Hungary trade and investment cooperation. ...

There are other companies operating in similar form to disgraced former Oknha Leng Channa’s now-defunct Brilliant City World Co Ltd, which secretly defrauded people, Ky Tech, head of the government’s legal team, warned during a meeting attended by 267 people from several provinces in Phnom ...

Education across Cambodia is set to receive a boost after the World Bank gave the green light for $79.5 million in additional financing to expand activities that are improving access to quality education nationwide. ...

Cambodia’s central bank, the National Bank of Cambodia (NBC), is set to launch a faster and more efficient cross-border payment system between Cambodia and India. The initiative will mark a significant expansion of Bakong’s reach, fostering economic activity between the two nations. ...

Cambodia and Turkey have agreed to increase bilateral trade with an annual target of $1 billion and also moved ahead with plans to operate direct flights between Phnom Penh and Istanbul. ...

Cambodia has invited Chinese investors to look into the opportunities unfolding in the electric vehicle (EV) sector in the country. ...

Cambodia has invited Chinese investors to look into the opportunities unfolding in the electric vehicle (EV) sector in the country. ...