Cambodia’s Steel Imports Surge by Nearly 70% in 2024
The construction sector in Cambodia is experiencing significant growth, as evidenced by the substantial increase in steel imports. In 2024, Cambodia imported over USD 631 million worth of steel, marking a remarkable 69.6 percent rise compared to the previous year’s imports of just over USD 372 million. This data was reported by the General Department […]
Cambodia and Korea Strengthen Economic Partnership in 2024
The bilateral trade volume between Cambodia and the Republic of Korea has surged to USD 762 million by the end of 2024, marking an impressive increase of 11.49 percent compared to the previous year, according to a report from the Ministry of Commerce. Cambodia’s exports to Korea have reached USD 288 million, reflecting a robust […]
Evercore Focuses on Clean Energy Investment in Cambodia
The Global investment banking firm Evercore is interested in investing in Cambodia’s clean energy sector. During a meeting on January 8, 2025, between Prime Minister Hun Manet and Evercore Asia President Keith Magnus, the firm also expressed interest in the country’s emerging sectors, including energy, health, and tourism. Magnus emphasized Evercore’s operations and its intention […]
Cambodia Set to Make Waves in Cashew Production in 2024
In an exciting development for the agricultural sector, Cambodia produced an impressive 850,000 tons of cashew nuts in 2024, marking a remarkable 26% increase compared to last year. The news comes from the Cambodian Cashew Association, highlighting the nation’s growing prominence in the global market. With exports projected to exceed USD 1.1 billion, the cashew […]
Kampot Tourism Port, in collaboration with Virak Buntham, has launched a high-speed cruise boat service in Cambodia
The Kampot International Tourist Port, operated by KITP Development Co., Ltd., a subsidiary of AZ Group, has partnered with Virak Buntham to offer high-speed boat tours to neighboring countries. This partnership was formalized during a signing ceremony on January 6, 2025. According to Neak Oknha, the collaboration aims to attract 500,000 national and international tourists […]
Cambodia’s Cement Industry Surges with Over USD 1.2 Billion Investment
In a landmark development for Cambodia’s economic landscape, the nation’s cement industry has reached an impressive production level worth over USD 1.2 billion, catering to both domestic needs and export markets. This announcement was made during a pivotal meeting between Prime Minister Samdech Hun Manet and Mr. Ratchayut Kasemchaisiri, Chairman of the Cement Industry Association […]