Economy and commerce

The Cambodian industry is expected to grow by 9.2 per cent in 2023 with support from improved external demand that help boost garment and non-garment manufacturing, while the garment sector is expected to grow by 8.1 per cent in that year due to demand in ...

The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade will host a consultation workshop in the southern province of Tay Ninh on June 21 for exporters interested in the markets of Laos and Thailand. ...

Cambodia’s economy is expected to grow at around five percent this year as against three percent last year, but the inflationary pressures being witnessed across the world can cut into the purchasing power of the country’s households as well, said the Financial Stability Report 2021, ...

As the global economy continues to reel from the compounded crises of Covid-19 and Ukraine-Russia, Cambodia has not been able to go through them unaffected. The Covid-19 crisis has pushed Cambodia’s economy to negative growth for the first time in 2020 due to a sharp ...

The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash ...

Cambodia’s public debt is still relatively low as a percentage of gross domestic product (GDP), at nearly 25 per cent, compared to the 40-per-cent threshold, affording the government ample fiscal space to borrow to develop the country, experts have said.   ...

With the province being the second largest economic hub in Cambodia, the Preah Sihanouk Provincial Administration has put in place a number of plans to support the socio-economic and tourism sectors for quality and sustainable growth. ...

The Royal Government of Cambodia’s total public debt stock is at $9.81 billion consisting of 68 percent from Bilateral Developing Partners (DPs) and 32 percent from Multilateral DPs, according to Cambodia’s Public Debt Situation at the end of Q1 2022. ...

Cambodia collected $1,726 million in tax income in the January-May period this year, a 27.95% increase as compared to the same period last year, according to an official statement yesterday. ...

Tourism players have asked the finance ministry to extend the tax exemptions currently enjoyed by the industry from June 30 to December 31, citing instability in business.   ...

The retail prices of regular-grade petrol and diesel respectively increased by about 2.65 per cent and 10.91 per cent on June 13, according to a notice issued by the Ministry of Commerce.   ...

Cambodian exports of footwear and related items topped $700 million in the first five months of 2022, representing gains of more than a third from the same period last year, in an upswing expected to continue as international tourism flows return to pre-Covid-19 levels.   ...

The Council for the Development of Cambodia (CDC) has just approved four new investment projects with a total investment of nearly $24 million that will create more jobs in the country. ...

Cambodia’s exports increased during the first five months of this year, which reflected the revival of production chains in the garment and non-garment sectors after a successful vaccination campaign and easing of the pandemic. ...

Cambodia’s total trade volume was valued at $22.4 billion in the first five months of 2022, up 19.7 percent from 18.7 billion dollars over the same period last year, an official report showed on Monday. ...

After enduring the trials and tribulations caused by the Covid-19 pandemic, civil servants in the Kingdom have something to rejoice at last. Prime Minister Hun Sen announced yesterday they would all be given a pay rise after a two-year freeze due to the pandemic. ...

Cambodia has exported over 25,000 tonnes of milled rice to ASEAN countries in the first five months of this year, an increase of 9 per cent compared to the same period last year. ...

The Japanese government has agreed to provide a grant of over $3 million to Cambodia to stimulate human resources and socio-economic development and further promote existing cooperative ties between the two nations. ...

Cambodia’s famous Angkor Archaeological Park attracted 45,779 foreign tourists in the first five months this year, up a whopping 859 percent compared to the same period last year. ...

The Cambodia-South Korea Free Trade Agreement can help boost Cambodian exports of garments, textiles, and footwear to South Korea. The agreement also presents opportunities for value-added investments in Cambodia’s downstream processing industries through a ‘plus one business model’, in which South Korean companies could expand ...

Phnom Penh has so far attracted around 1,000 new investment projects covering a construction area of 4.63 million square metres, with an investment capital of over U$2.26 billion. ...

The number of foreign tourists arriving in Cambodia by air increased remarkably in 2022 after the government lifted Covid-19 restrictions, the Ministry of Tourism has said.​​ ...

Cambodia Hotel Association (CHA) has distributed $150 million financial aid from the government to revive the country’s tourism sector hit by the Covid-19 pandemic, a senior official said. ...

Cambodia’s famed Angkor Archaeological Park had attracted 45,779 foreign tourists in the first five months of 2022, up 859 percent compared to the same period last year, said a press statement on Tuesday. ...