Economy and Finance
WB: Law on Investment, FTA, & RCEP Expected to Attract More Investment in Cambodia
The new Law on Investment, the China and South Korea FTAs, and the Regional Comprehensive Economic Partnership (RCEP) are expected to help boost investment and trade in Cambodia in the coming years, according to a World Bank report on Tuesday. RCEP is a mega trade agreement between 10 ASEAN member states and its FTA partners, […]
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Prudential Invests US$5 million in CAIC Guaranteed Bonds
Prudential (Cambodia) Life Assurance PLC has invested US$5 million in guaranteed bonds of the Cambodia Airport Investment Co Ltd (CAIC) for supporting the development of the Techo International Airport. The signing ceremony was held on 5 April by representatives of Prudential (Cambodia) Life Assurance PLC and Prudential (Cambodia) Life Assurance PLC. Guaranteed by OCIC, the […]
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Over 200 Korean Investment Projects Worth US$5bn Registered in Cambodia as of February 2022
The Council for the Development of Cambodia (CDC) has registered 219 Korean investment projects worth a total of US$5 billion as of February 2022, a large part of which are construction and real estate projects. The figures were presented during a meeting between CDC Secretary-General HE Sok Chenda Sophea and South Korea’s Minister of Government […]
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Cambodia Receives Approx. US$4 million from Japan to Develop Rural Areas
Grant aid worth JPY500 million (US$4.3 million) has been signed over during the state visit of Japanese Prime Minister Kishida Fumio in Cambodia. The grant was signed on 20 March by the Japanese Ambassador to Cambodia HE Mikami Masahiro and Representative of UNDP to Cambodia Alissar Chaker, under the chairmanship of Prime Minister Samdech Hun […]
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Domestic Cement Plants Produce 1.5 million Tons of Cement in First Two Months of 2022
Domestic cement production reached about 1.5 million tons in the first two months of 2022, up 2% from the same period in 2021. According to a report from the Cambodia Cement Manufacturing Association, the five factories that were members of the association produced 799,226 tonnes in February, up from 725,022 tonnes produced in January. Last […]
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Cambodia’s Total Public Debt is US$9.49 Billion
As of the end of 2021, Cambodia’s total public debt was US$9.49 billion, representing public external debt mainly used for public infrastructure development, according to the Cambodia Public Debt Statistical Bulletin dated 25 February. In 2021 alone, the Cambodian government signed concessional loan agreements with development partners for a total of US$905 million, accounting for […]
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PP Governor: Construction Sector Continues to Grow With Over US$2.2bn Investment Recorded in 2021
Phnom Penh Governor HE Khuong Sreng has confirmed that the construction sector in the capital in early 2022 has continued to grow despite pressure from the COVID-19 crisis in 2020 and 2021. During the ground-breaking ceremony of a new 44ha borey project in Prek Pnov district, HE Khuong Sreng said, as of 2022, there are […]
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Draft Automotive & Electronics Sectors Roadmap Completed, Under Discussion with Stakeholders
The drafts of the automotive and electronics sectors roadmaps have been completed and are under discussion and review by supporting stakeholders and investors. The draft roadmaps were discussed on 1 March among eight ministries/agencies, with support from the UK government’s Accelerated COVID-19 Economic Support (ACES) programme in partnership with the Boston Consulting Group (BCG) to […]
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Construction & Real Estate Share 18% of Total Credit of US$38 Billion
Total loans from commercial banks and specialised banks to customers was recorded at US$38.6 billion as of the end of 2021, a year-on-year increase of 24.4%. Credit to construction and real estate activities were cumulatively at US$6.93 billion, or 18% of the total. The National Bank of Cambodia’s latest report has shown that credit to […]
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Gov’t to Help Resume Development of Unfinished High-Rise Buildings in SHV
The Cambodian government has set out a plan to help attract new investors to continue the development of unfinished high-rise buildings in Sihanoukville that were affected by the COVID-10 pandemic in the past two years. The remark was made by HE Vongsey Visoth, Permanent Secretary of the Ministry of Economy and Finance in a public […]
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