Economy and commerce

Cambodia earned $27.88 million from Angkor Archaeological Park ticket sales in the first 10 months of the year, a jump of over 312 percent compared to the same period last year. ...

Vietnam’s VinFast electric taxis are gearing up to land in Cambodia and Laos after gaining dominance on home turf, sparking a decision to expand to countries that prioritise tourism, according to The Business Times. ,,, ...

An in-depth study into the impact of Covid-19 on tourism-related businesses in Siem Reap has revealed that while solid networks helped strengthen resilience, existing debts and the structure of the labor system hampered it. ...

The Kingdom of Cambodia and the Czech Republic have agreed to further boost their cooperation in trade and investment as well as to have more exchanges of high-level visits between the two countries. ...

Cambodia and Singapore have recently signed the Second Protocol Amending the Bilateral Double Taxation Agreement (DTA), to bring the agreement in line with the latest international standards. ...

Prime Minister Hun Manet urged provincial administrations to focus on constructing quality roads in communes to serve the local economy and improve people’s livelihoods rather than request funding to build parks. ...

The Cambodian government recently unveiled the Cambodia Financial Technology Development Policy 2023-2028, a comprehensive strategy aimed at promoting financial innovation, ensuring financial stability, and enhancing financial inclusion in the country. ...

Cambodia is ready to exhibit its potential products and promote its investment potential and tourism during the sixth China International Import Expo (CIIE), scheduled for Nov. 5-10 in Shanghai, said a Ministry of Commerce’s news release on Saturday. ...

The Ministry of Post and Telecommunications (MPTC) Tuesday signed a Memorandum of Understanding (MoU) with the Ministry of Tourism (MoT) and the Ministry of Information (MoI) to organise training programmes on digital skills for civil servants. ...

The vocational and technical training for 1.5 million young people from poor and vulnerable households across the country at state institutions, without tuition fee charges will have skilled labourers to feed the production chain of investment. ...

An International Monetary Fund (IMF) team led by Davide Furceri, assessed Cambodia’s economy and predicted growth in the coming years. The IMF report reveals that the country’s economy is steadily recovering from the impacts of the COVID-19 pandemic, although it still faces challenges from both ...

Cambodia’s economic growth is predicted to expand by 5.3 percent in 2023 and six percent in 2024, according to the International Monetary Fund (IMF) after concluding a mission in the country. ...

Dr. Hun Manet, Prime Minister of Cambodia, this morning encouraged the citizens to take part in building more strength for the Kingdom. ...

Angkor Archaeological Park, one of the Kingdom’s biggest tourist attractions notched a whopping 312 percent hike in sales of entry passes totalling $27.8 million in the January-October period this year, according to a report from the state-owned Angkor Enterprise. Sales of entry passes to foreign ...

In July, the National Bank of Cambodia (NBC) flagged the “historically” high credit-to-gross domestic product (GDP) ratio, which stood at 189 percent in 2022, with credit-to-GDP gap reaching nearly 40 percent. ...

The World Bank has launched the Cambodia Country Climate and Development Report (CCDR), which provides critical insights into the Kingdom’s response to climate change and its impact on development goals. ...

Hun Manet will make his first official visit to Japan as Prime Minister to further strengthen relations in a year that marks the 70th anniversary of diplomatic ties, with a political analyst predicting this will set a new milestone for the two nations. ...

Phnom Penh officials have issued a notice regarding the illegal collection of taxes and fees from informal vendors by crooks, with social analysts calling on the government to hand out severe punishments for those caught doing it. ...

While Cambodia’s economy and borders have now been open for two years following the Covid-19 pandemic, many small businesses continue to face financial hardships amid a global economic slowdown. ...

Cambodia and the Philippines have expressed their commitment to further strengthening cooperation to enhance labour rights and social security for the benefit of the people of both nations, as part of their partnership as ASEAN member states. ...

Cambodia has urged Japan to collaborate in initiatives aimed at enticing investors and broadly promoting Cambodia’s appealing investment environment and incentives to Japanese stakeholders. ...

In the first eight months of 2023, the government reported revenue of almost $4.2 billion, representing nearly 66% of the target set for 2023 by the annual budget law. This performance marks a decline of over 2% compared to the same period last year, as ...

Woori Bank, one of South Korea’s leading commercial banks, is set to inject an additional $100 million into its Cambodian operations next year. This “strategic” move is in response to a notable increase in loan demand, aimed at stimulating business activities that slowed during the ...

There is no confirmation that the EU would fully reinstate its preferential scheme, Everything But Arms (EBA), for Cambodia, said newly-appointed EU ambassador to Cambodia Igor Driesmans, while identifying four priorities in his mandate. ...