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ខ្មែរ 
Hotel & Restaurant Sector Recovers Faster Than Expected
- 26 January 2023
The hotel and restaurant sector is experiencing significant growth and is projected to continue to grow well in 2023. According to the National Institute of Statistics of the Ministry of Economy and Finance, in 2022, the sector grew by about 30% after declining sharply in 2020 and 2021 at -32.2% and -39.5%, respectively. "The hotel and restaurant sector is recovering faster than expected a...
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MOE: China’s Reopening to Contribute to Cambodia’s Economic Growth
- 26 January 2023
A senior official at the Ministry of Economy and Finance said that China's opening would contribute to Cambodia's economic growth through foreign direct investment from China and tourism, while FDI from China in Cambodia represented about 42% of total investment last year. At a public forum held on 25 January, Permanent Secretary of the Ministry of Economy and Finance HE Vongsey Visoth said th...
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Siem Reap Authority to Strengthen Waste Management
- 26 January 2023
The Siem Reap Provincial Administration is improving solid waste management in the city, aiming to make Siem Reap the most famous tourist city in the world. According to a planning workshop on 19 January, the waste management project is co-sponsored by the German Ministry of Environment and the German Operations Agency (GIZ), which is implemented in four target countries in ASEAN countries: Ca...
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Two roads connecting Chamkar Leu- Stung Trang officially built
- 26 January 2023
The construction of two roads with a total length of 14km connecting Chamkar Leu district to Stung Trang district of Kampong Cham province officially began on 25 January. Both roads will be built in DBST and concrete. The first line from Tuol Prak village, Ta Ong commune, Chamkar Leu district to Sopheas village, Sopheas commune, Stung Trang district, is 9.8 km long and 5m wide. The second se...
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Construction of Stung Bot border checkpoint 80% complete
- 25 January 2023
Construction of Stung Bot border checkpoint and the road connecting to NR5 has been 80% completed, and both governments are ready for this upcoming international border crossing. HE Oum Rath, Governor of Banteay Meanchey Province, provide the progress update on the National Radio of Cambodia on 25 January. "Everything has proceeded as planned. Both sides have officers while other stakehold...
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Gov’t Permits International Companies to Invest 100% in Phnom Penh-Ho Chi Minh Express Railway
- 25 January 2023
The Royal Government of Cambodia has urged French businesses to invest in the construction of high-speed railways and transportation in Cambodia, announcing that foreign businesses will be allowed to invest 100% in the Phnom Penh-Ho Chi Minh high-speed rail line. Prime Minister of Cambodia Samdech Hun Sen on 25 January welcomed and informed the French investment delegation that Cambodia has al...
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Monument Aux Morts Rebuilt in Phnom Penh
- 25 January 2023
The “Roup Pi” statue or Monument aux Morts, a memorial to those who died in World War I, has been rebuilt at the French Embassy in Phnom Penh. The ground-breaking ceremony for this monument was held on 25 January under the auspices of Deputy Prime Minister and Land Minister HE Chea Sophara and French Minister of Foreign Affairs HE Olivier Becht. The monument also strengthens the friendship...
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Cambodia Refines 5 Tons of Gold Ore, Earning Nearly US$10 Million in Tax Revenue
- 25 January 2023
Cambodia's gold refinery firms have refined a total of 5.3 tonnes of gold ore by 2022, with the companies paying more than US$8 million in royalties and US$1.5 million other in tax revenue to the government. This figure was presented by officials of the Ministry of Economy and Finance in a public forum on microeconomic management and the budget law 2023 held on 25 January. There are seven ...
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Cambodia’s Economy Expected to Grow at Approx. 5.6% in 2023
- 25 January 2023
Cambodia's economy is expected to grow at approximately 5.6% in 2023, slightly slower than expected. The Ministry of Economy and Finance released the figures in a public forum on "Macroeconomic Management and Budget Law 2023" held on 25 January. The main sectors supporting economic growth are manufacturing, agriculture, and tourism, the ministry said. The construction and real estate ...
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Construction of NR6 Connecting to Techo Stadium 80% Complete
- 25 January 2023
The construction of the NR6 section that connects to the Moradok Techo National Stadium has been 80% completed, according to the Department of Public Works and Transport of Phnom Penh on 25 January. "Only 100 days left until the SEA Games and NR6 is one of the four main routes leading to the National Stadium," the Public Works Department said. According to Phnom Penh Governor HE Khuong Sre...
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Gov’t to Build More Infrastructure for Automotive & Electronic Sectors
- 24 January 2023
The Cambodian government plans to build more infrastructure to promote investment in the automotive and electronics sectors, according to the official road map for the development of the automotive and electronics sector discussed on 9 December. The roadmap identifies 20 key priority measures in five areas including 1. Strategies and institutional coordination 2. Human resources and innovatio...
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Gov’t Issues New Prakas to Further Monitor Real Estate Service Business
- 24 January 2023
The Non-Banking Financial Services Authority has issued a new Prakas to strengthen the management and control of the real estate services business in Cambodia. According to the new Prakas No. 064 dated 27 December 2022, real estate services refer to real estate management services, appraisal services, and real estate agency services. All real estate service businesses must have a license a...
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