Economy and commerce

The Coordinating Committee for Informal Economy Development (CCIED), in collaboration with the UNDP, ILO, and the Cambodia-Australia Partnership for Resilient Economic Development (CAPRED), Monday organized a consultation workshop to establish a Monitoring and Evaluation (M&E) Framework for the National Strategy for Informal Economy Development 2023-2028. ...

China has been Cambodia’s largest source of foreign investment, accounting for almost 50 percent of the total investment amount last year, according to a report from the Council for the Development of Cambodia (CDC). ...

Cambodia’s exports to the United States surged to nearly $10 billion from January to December 2024, up 11 percent compared to the previous year, according to a recent report from General Department of Customs and Excise of Cambodia. ...

The Council for the Development of Cambodia (CDC) approved 10 special economic zone (SEZs) investment projects worth $850 million in 2024, creating approximately 4,000 jobs, said a CDC report on Friday. ...

Cambodia’s steel imports jumped almost 70 percent last year, driven by one of the fastest-growing construction sectors in Southeast Asia. ...

Cambodia exported goods worth approximately $26.19 billion last year, up 15.7 percent from $22.64 billion in 2023, a report from the General Department of Customs and Excise of Cambodia (GDCE) showed last Friday. ...

Cambodia’s exports of garments, footwear and travel goods (GFT) earned the country a record $13.74 billion in 2024, an increase of 23.78 percent compared to the same period last year, the latest trade data of the General Department of Customs and Excise (GDCE) showed. ...

Cambodia has produced a total volume of 39 million tonnes of crop production nationwide in 2024, up 7.4 percent from 36.3 million tonnes in 2023, a report from the Ministry of Agriculture, Forestry, and Fisheries showed on Monday. ...

Cambodia will host the World Rice Conference in 2025, following the country’s fragrant rice Malys Angkor winning the World’s Best Rice title last year. ...

Cambodia earned tax revenue of $63.1 million from casinos and game of chance operators in 2024, a year-on-year increase of 85 percent, according to data from the Commercial Gambling Management Commission of Cambodia (CGMC) released on Wednesday. ...

The construction and real estate sectors in Cambodia have shown positive signs in 2024, with lending to these sectors increasing to $13.51 billion as of October 2024, according to a report by the National Bank of Cambodia (NBC) released at the end of December 2024. ...

Kampong Cham province’s economy grew by 8.6 percent to reach $2.65 billion driven primarily by the agricultural, industrial, and service sectors, according to a report by Un Chanda, Governor of Kampong Cham Province. ...

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. ...