Local News
China Hands Over Intermodal Transport Master Plan to Cambodia
The study report on the “Intermodal Transport Master Plan for Cambodia”, which was supported by China, has been handed to Cambodia as a basis for the Comprehensive Master Plan on the Cambodian Intermodal Transport 2022-2030. Held on 03 August, the handover ceremony was presided over by members of the Supreme National Economic Council HE Ros […]
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Gov’t Collects US$1.3bn in Tariffs in H1 2022, Construction Materials Account For US$80m
During the first six months of 2022, the Customs and Excise Department of Cambodia collected total import tax of approximately US$1.3 billion, an increase of 12% y-o-y. Among all, tariffs, those on construction materials and other fees accounted for approximately US$79.2 million, or equivalent to 6.1% of total tariff revenue. The figures were shared during […]
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OCIC Inks Deal with Malaysian Firm to Boost Cambodia’s Construction & Real Estate Sector
The Overseas Cambodian Investment Corporation (OCIC) has signed a Memorandum of Understanding with Malaysia’s Eakon Group to develop the Elysee project in Phnom Penh. The MoU was signed on 02 August between Director of OCIC and Mega Asset Management Lim Lychin and Group Managing Director of Eakon Group Dato’ Sri Ricky Yaw. The Malaysian Ambassador […]
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Why Cambodia could be the ‘Asian Tiger of the 21st Century?
Chinese and American analysts have forecasted that Cambodia could have a chance to become the “tiger of Asia of the 21st century” in the near future, after the end COVID-19 pandemic and global uncertainty. The forecast was made by the President of the American Chamber of Commerce and Group CEO of Cambodian Investment Management Holdings […]
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NBC Forecasts Cambodia’s Economic Growth at 5.3% in 2022
The National Bank of Cambodia (NBC) has projected that Cambodia’s economic growth in 2022 will be at 5.3% which is higher than the previously estimated rate of just 3%. The growth is due to the global economic recovery and the rapid resumption of economic activity, which will be supported by the garment sector, tourism, agriculture, […]
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SSEZ Import & Export Value in H1 at US$1.4 billion, Up 28% Y-o-Y
During the first half of 2022, the export and import value at the Sihanoukville Special Economic Zone (SSEZ) was recorded at US$1.4 billion, an increase of 38% compared to the same period last year. According to SSEZ President Chen Jiangang, his firm is currently expanding e-commerce activities and Silk Road development to attract more technology-related […]
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Cambodia-Vietnam Trade Volume Exceeds US$10 billion
Cambodia has been receiving a large number of Vietnamese investors with trade volume reaching US$10 billion to date, a significant FDI in Cambodia. According to a meeting between PM Samdech Hun Sen and President of the Vietnam Friendship Association Nguyen Thi Thanh on 02 August, trade cooperation between the two countries covers various sectors, especially […]
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Government Signs US$760 million in New Grants & Concessional Loans in H2 2022
The Royal Government of Cambodia has signed new grants and concessional loans totalling approximately US$762 million while financing under the framework for infrastructure development projects and other priority projects totals approximately US$524 million. The new agreements, signed in the first half of 2022, are for the implementation of 18 projects or development programs, according to […]
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Construction of Ring Road 3 Over 76% Complete as of July
Construction of Ring Road 3 around Phnom Penh was 76.87% complete by 25 July 2022, with the completion date delayed to September 2023. The update was provided by Heang Sotheayuth, a spokesman for the Minister of Public Works and Transport on 01 August. With ground broken in January 2019, Ring Road 3 has a total […]
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US$1.5bn Kampot Port Listed as Largest Port Project Initiated Globally in Q2 2022
The newly announced US$1.5 billion international port in Kampot province has become the largest port project initiated globally in Q2 2022, according to GlobalData. In 2022, there are five giant port projects, of which the Cambodian port ranks first. The 5 port projects are as: Kampot Logistics & Multipurpose Port– US$ 1.5 billion With a […]
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