Economy and Finance
Cambodia Sees a 54.2% Surge in Iron and Steel Imports, Reaching Nearly US$300m in First Half of 2024
Cambodia imported iron and steel worth approximately US$296 million in the first semester of 2024, marking a significant 54.2% increase compared to the US$192 million recorded in the same period last year. This data was reported by the General Department of Customs and Excise on 10 July 2024. In June alone, the imports of iron […]
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Toyota CEO to Launch Motor Vehicle Training Academy in Cambodia
Toyota Tsusho Manufacturing (Cambodia) is set to establish a Toyota Academy in Cambodia, aimed at providing specialized motor vehicle training. The company’s director, Mr. Fujita Ryoji, announced this initiative during a meeting with PM Hun Manet on 2 May 2024. In response, PM Hun Manet instructed the company to collaborate closely with the Ministry of […]
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Cambodia’s 44 SEZs Drive Almost 200k Job Creation & Economic Growth
Cambodia currently boasts 44 special economic zones (SEZs), generating nearly 200,000 employment opportunities. This was highlighted by HE Chea Vuthy, Secretary General of the Cambodian Investment Committee of the Council for the Development of Cambodia (CDC), during a meeting on 2 July 2024 with a delegation from Greenleaf Sci. & Tech Group Co., Ltd., led […]
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Unfavourable Business Conditions Force Thailand’s Third-Largest Sugar Firm to Withdraw from Cambodia
Thailand’s third-largest sugar producer, Khon Kaen Sugar Industry Plc (KSL), has announced its decision to withdraw its investment from Cambodia due to unfavourable market conditions and the underutilisation of trade schemes such as the Generalised System of Preferences (GSP) in Cambodia. The company cited these challenges despite a recent rise in global sugar prices following […]
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Cambodia Earns Nearly US$25m from Angkor, Koh Ker & Boat Ride Ticket Sales in H1-2024
In the first half of 2024, Cambodia generated a substantial revenue of US$24,952,996 from ticket sales for Angkor, Koh Ker, and boating activities, reflecting a significant boost in tourism. This information was revealed in a report released by the Angkor Institute on 1 July 2024. According to the report, 521,950 foreign tourists purchased tickets to […]
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Historic 2,000km Overland Convoy from China to Cambodia Marks Successful Inauguration of GMS Transit Facilitation
A convoy of seven Chinese trucks and passenger vehicles has successfully completed a historic journey of over 2,000 kilometres from China to Cambodia, marking the first implementation of the Greater Mekong Subregion (GMS) Transit Facilitation Agreement. The Ministry of Public Works and Transport announced the successful arrival of the convoy in Phnom Penh and the […]
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750k SMEs in Cambodia Key Driver of Economic Growth, Contributing 63% to GDP and Employing Over 70% of Workforce
Cambodia has more than 750,000 small and medium-sized enterprises (SMEs) which play a pivotal role in the nation’s economy, contributing 63% to the gross domestic product (GDP) and employing more than 70% of the workforce. This significant contribution was highlighted by Samdech Hun Manet, PM of Cambodia, in his message on the occasion of the […]
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Vietnam’s Trade Ministry Requests PM’s Approval on Cambodian Sand Imports to Address 2.3m Cubic Metres Demand
The Vietnamese Ministry of Industry and Trade has proposed to Prime Minister Phạm Minh Chính to import construction sand from Cambodia to address the country’s annual demand of 2.3 million cubic metres. This recommendation follows a feasibility study indicating Cambodia’s ability to supply sand for Vietnam’s long-term construction needs, as reported by Vietnamnews.vn on 24 […]
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World Bank Approves US$275m Loan to Bolster Cambodia’s Economic Growth
The World Bank has approved a US$275 million loan package to support Cambodia’s long-term economic growth and resilience. The funding, sourced from the International Development Association (IDA), aims to drive reforms to enhance the competitiveness of the private sector and strengthen the country’s finances to assist the most vulnerable populations. This announcement was made by […]
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Cambodia FDI In 2023: Real Estate Soars to Third Place
As of 2023, foreign direct investment (FDI) in Cambodia surged to 197.8 trillion KHR (US$48.4 billion), marking a 7.9% increase over the previous year. This substantial influx of investment was channelled into key sectors such as financial activities, manufacturing, real estate, accommodation, agriculture, energy, and construction, according to a recent report released on 18 May […]
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