News
ASEAN leaders adopt a number of key documents
The ASEAN Heads of State/Government adopted a number of important documents to boost their economic growth, ensure food security and boost digital economy, at the end of the Plenary Session of the 43rd ASEAN Summit in Jakarta, Indonesia yesterday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501355584/asean-leaders-adopt-a-number-of-key-documents/
ASEAN countries agree to develop sustainable cities
The governors and mayors of cities from ASEAN member countries have signed a joint declaration to foster the development of sustainable, inclusive and resilient cities in the region. ...
Khmer Times Staff
https://www.khmertimeskh.com/501337415/asean-countries-agree-to-develop-sustainable-cities/
Access to finance, rise of the riel and inflation, with CBC
Since its establishment in 2012, Credit Bureau Cambodia (CBC) has helped drive the nation’s economic growth while providing a transparent and responsible lending landscape. This in turn has helped increase investment and access to finance nationwide. ...
Marissa Carruthers
https://kiripost.com/stories/credit-bureau-cambodia-ceo-on-access-to-finance-rise-of-riel-inflation
GDP per capita to swell 8.3% in 2023, Pornmoniroth says
Deputy Prime Minister and Minister of Economy and Finance (MEF) Aun Pornmoniroth said yesterday that Cambodia’s annual economic growth per person or GDP per capita has been forecasted to increase to $1,932 in 2023 from $1,784 in the previous year, even as inflation has been ...
Kang Sothear
https://www.khmertimeskh.com/501312162/gdp-per-capita-to-swell-8-3-in-2023-pornmoniroth-says/
PM predicts 5.6% economic growth
While meeting with nearly 20,000 garment workers from 12 factories in Tram Kak district, Takeo province on June 11, Hun Sen said that Cambodia’s economy grew exponentially in the two decades that preceded the Covid-19 pandemic. ...
Van Socheata
https://www.phnompenhpost.com/national/pm-predicts-56-economic-growth
PM stresses budget allocation to step up economic growth
Prime Minister Hun Sen said future leaders of Cambodia and government institutions must allocate a budget for infrastructure projects that would help expedite economic growth. ...
Kang Sothear
https://www.khmertimeskh.com/501299917/pm-stresses-budget-allocation-to-step-up-economic-growth/
Agriculture remains important for food security and economic growth
Prime Minister Hun Sen has stressed the importance of agriculture sector in ensuring food security despite its decreasing share in the Gross Domestic Product. ...
Khmer Times Staff
https://www.khmertimeskh.com/501291194/agriculture-remains-important-for-food-security-and-economic-growth/
NBC’s Chanto: Kingdom’s growth will hit 6% in 2023
The central bank governor has set a six per cent target for Cambodia’s economic growth in 2023 – higher than the 5.2-5.8 per cent forecast by major international institutions such as the Asian Development Bank (ADB), World Bank (WB) and International Monetary Fund (IMF). ...
Rann Reuy
https://www.phnompenhpost.com/national/nbcs-chanto-kingdoms-growth-will-hit-6-2023
Cambodia’s quest for tourism transformation
For the last several years Cambodia’s has been fast-tracking development with once-sleepy beach towns like Sihanoukville turned into bustling cities with more than 70 skyscrapers most built since 2016 with Chinese investment. ...
Khmer Times Staff
https://www.khmertimeskh.com/501274337/cambodias-quest-for-tourism-transformation/
PM praises SMEs’ role in boosting economic growth
Prime Minister Hun Sen said yesterday that the small and medium enterprises (SME) have played an important role in boosting economic growth in Cambodia, generating jobs for people, and contributing to poverty reduction. ...
Chea Vanyuth
https://www.khmertimeskh.com/501271230/pm-praises-smes-role-in-boosting-economic-growth/
Trade and tourism sector, important for economic growth
Cambodian Minister of Commerce has stressed the important role of trade and tourism in the country’s socio-economic development toward inclusive, resilient, and sustainable recovery. ...
Khmer Times Staff
https://www.khmertimeskh.com/501269119/trade-and-tourism-sector-important-for-economic-growth/
Pornmoniroth stresses economic growth, living standards
To enhance competitiveness, economic growth and Cambodian living standards, Minister of Economy and Finance (MEF) Aun Pornmoniroth shared inputs and issued directions to promote public work and the transportation sector at the result summary and work direction conference of the Ministry of Public Work and ...
Hong Sovannary
https://www.khmertimeskh.com/501240201/pornmoniroth-stresses-economic-growth-living-standards/
Cambodia’s economy slated to grow 6% in 2023
Cambodia’s economy is predicted to grow by roughly six percent in 2023 despite global challenges, according to the National Bank of Cambodia (NBC). ...
Mao Sreypich
https://kiripost.com/stories/cambodias-economy-slated-to-grow-6-in-2023
Cambodia’s economy grew 5.5% in 2022, says PM
Prime Minister Hun Sen yesterday announced that Cambodia’s Gross Domestic Product (GDP) grew by 5.5 percent in 2022, while the tax revenue collected from both customs and taxation grew by 2 percent higher than expected. ...
Kang Sothear
https://www.khmertimeskh.com/501212559/cambodias-economy-grew-5-5-in-2022-says-pm/
One year on, RCEP, CCFTA give momentum to Cambodia’s trade growth in post-pandemic era
One year on, the Regional Comprehensive Economic Partnership (RCEP) trade deal and the Cambodia-China Free Trade Agreement (CCFTA) have injected a vital impetus to Cambodia’s trade growth in the post COVID-19 pandemic era, an official and experts said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501208233/one-year-on-rcep-ccfta-give-momentum-to-cambodias-trade-growth-in-post-pandemic-era/
Kingdom’s economy to grow 5.4% in 2023
The Cambodian economy, which is projected to register a growth of 5 percent this year, is set to grow by 5.5 percent in 2023, according to the 2022 Annual Consultation Report on Cambodia published by the ASEAN+3 Macroeconomic Research Office (AMRO) yesterday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501206727/kingdoms-economy-to-grow-5-4-in-2023/
Cambodia says Chinese vaccines helped to bring COVID-19 pandemic under control
Cambodian officials and scholars on Wednesday extended their gratitude to China for its supply of COVID-19 vaccines to the kingdom from the early days of the pandemic, saying that the jabs have protected lives and reinvigorated economic growth. ...
Khmer Times Staff
https://www.khmertimeskh.com/501207017/cambodia-says-chinese-vaccines-helped-to-bring-covid-19-pandemic-under-control/
World Bank says Cambodia’s economy on recovery path, forecast 4.8 percent GDP growth for this year
Cambodia’s economy is recovering well after COVID-19, but global headwinds could pose risks to a positive outlook in months to come, the World Bank said in a report released yesterday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501198797/world-bank-says-cambodias-economy-on-recovery-path-forecast-4-8-percent-gdp-growth-for-this-year/
Cambodia’s economy expected to trend back to potential six percent growth
The World Bank in its Economic Update released Wednesday said the tourism and hospitality industries are likely to accelerate further, with projected increases in international arrivals and domestic tourists once the pandemic is becomes history. ...
Khmer Times Staff
https://www.khmertimeskh.com/501198854/cambodias-economy-expected-to-trend-back-to-potential-six-percent-growth/
Chinese modernization delivers economic growth for the world, says Cambodian Think Tank director
“China was the powerhouse of economic growth globally for the last 30 years. Now, this modernization program can help to deliver more economic growth for the world,” said Digby James Wren, a senior special adviser to, and director of the Mekong Research Center, the International ...
Khmer Times Staff
https://www.khmertimeskh.com/501190553/chinese-modernization-delivers-economic-growth-for-the-world-says-cambodian-think-tank-director/
GDP growth to shrink to 4.9% as poverty rate inches up
Cambodia’s economic growth for 2022 is expected to decelerate to 4.9 percent from estimates of 5.4 percent made prior to the war in Ukraine, an assessment by the UN Development Programme (UNDP) stated. ...
Kiripost staff writers
https://kiripost.com/stories/gdp-growth-to-shrink-to-49-as-poverty-rate-inches-up
Cabinet predicts economic growth for 2023
Cambodian economic growth for 2023 is expected to be 6.6 per cent higher than the of the current gross domestic product of 32,291 million. GDP per capita is predicted to rise to $1,924, from the current figure of $1,785, according to the outcome of an ...
Post Staff
https://www.phnompenhpost.com/business/cabinet-predicts-economic-growth-2023
Skills for future economy project to be okayed by 2023: ADB
ADB will support the Skills for Future Economy Sector Development Program in Cambodia, said a top official of the bank. The bank is the leading development partner in the technical and vocational education and training (TVET) sector. ...
Sok Sithika
https://www.khmertimeskh.com/501156974/skills-for-future-economy-project-to-be-okayed-by-2023-adb/
COVID-19 vaccines boost Cambodia’s economic growth: PM
Covid-19 vaccines have helped boost Cambodia’s economic recovery and growth since last November, the country’s Prime Minister Hun Sen said on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501135168/covid-19-vaccines-boost-cambodias-economic-growth-pm/