Business and Market
Cambodia Poised for Economic Windfall as U.S. Trade Policy Shifts from Vietnam
Cambodia stands to emerge as a major beneficiary of potential U.S. trade policy shifts, with experts predicting significant manufacturing opportunities if Donald Trump returns to office, particularly as Vietnam faces possible trade tariffs similar to those previously imposed on China, according to 2025 Fearless Forecast shared at a Real Estate Forum in Novotel Phnom Penh […]
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Sweden’s Largest Factory Unveiled in Phnom Penh: A New Era for Cambodia’s Economy
In a landmark event on January 17, 2025, Sweden’s prestigious glove manufacturer, HESTRA (Cambodia) Co., Ltd., officially opened the doors to its state-of-the-art factory located in the Royal Phnom Penh Special Economic Zone. The inauguration ceremony was graced by notable figures, including HE Chea Vuthy, Secretary-General of the Investment Committee of Cambodia, and Ms. Anna […]
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Emerging Green Journey: Cambodia’s Electric Vehicle Boom in 2024
In 2024, Cambodia experienced a remarkable increase in electric vehicle registrations, reaching a total of 2,253—a staggering 620% rise compared to 2023. HE Phorn Rim confirmed this, the Ministry of Public Works and Transport spokesman, on January 15, 2025. This substantial growth indicates a positive shift towards green transportation in Cambodia. HE Phorn Rim stated, […]
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Chinese Mining Firms Eye Expansion in Cambodia’s Potent Resource Sector
In a promising development for Cambodia’s mining industry, Beijing Endi (Group) Co., Ltd., a prominent mining investment firm based in China, has set its sights on expanding operations in the kingdom. This ambition was underscored during a pivotal meeting on 15 January 2025, between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and […]
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Chinese Firm Eyes Cambodian Waste-to-Energy Potential
Thien Y Environmental Energy Joint Stock Company, a leading Chinese recycling firm, announced its intention to invest in a waste-to-energy plant in a move set to transform waste management in Cambodia. This initiative aims to convert the kingdom’s abundant waste into electricity, creating a sustainable energy source while addressing the pressing issue of waste disposal. […]
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WANLI Tire Breaks Ground on New Factory in Svay Rieng, Promising Jobs and Economic Growth
In a move poised to boost Cambodia’s economy significantly, WANLI Tire has officially begun construction on a state-of-the-art tire manufacturing facility in the Sin Bavet Special Economic Zone. The groundbreaking ceremony was led by HE Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, marking a pivotal […]
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Cambodia-ASEAN Trade Volume Exceeded USD 14 Billion in 2024
In 2024, the trade volume between Cambodia and ASEAN member countries surpassed USD 14.3 billion, marking a significant increase of 12.8% compared to the same period in 2023. This data comes from a recent report by the Ministry of Commerce. According to the report, Cambodia’s exports to ASEAN countries amounted to over USD 4.620 million, […]
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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% rise compared to the previous year’s imports of just over USD 372 million. This data was reported by the General Department of […]
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Cambodia & Korea Strengthen Economic Partnership in 2024
The bilateral trade volume between Cambodia and the Republic of Korea surged to USD 762 million by the end of 2024, marking an impressive increase of 11.49% 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 growth of […]
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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 8 January 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 […]
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