Local News
Surge in Visitor Traffic at Bavet International Border Crossing
In 2024, Bavet International Border Crossing welcomed over 1.5 million national and international travelers. Recent reports from Apsara newspaper highlight that in the first 12 months of 2024, the border crossing in Svay Rieng province admitted a remarkable total of 1,578,699 visitors hailing from 172 different countries. This marks an impressive increase of 187,687 visitors, or 16.06%, compared t...
Read MoreCambodia Set to Make Waves in Cashew Production in 2024
In an exciting development for the agricultural sector, Cambodia produced an impressive 850,000 tons of cashew nuts in 2024, marking a remarkable 26% increase compared to last year. The news comes from the Cambodian Cashew Association, highlighting the nation's growing prominence in the global market. With exports projected to exceed USD 1.1 billion, the cashew industry is set to play a pivotal...
Read MoreKampot Tourism Port, in Collaboration with Virak Buntham, Launches High-Speed Boat Service in Cambodia
The Kampot International Tourist Port, operated by KITP Development Co., Ltd., a subsidiary of AZ Group, has partnered with Virak Buntham to offer high-speed boat services to neighboring countries. This partnership was formalized during a signing ceremony held on 6 January 2025. According to Virak Buntham, the collaboration aims to attract 500,000 national and international tourists in 2025 and...
Read MorePhnom Penh Crowned Asia’s Most Affordable Destination for New Year’s 2025
As the world celebrates the dawn of 2025, travellers are flocking to Phnom Penh, named the most affordable global travel destination for the New Year in Asia, according to a recent ranking by digital travel website Agoda. This exciting news, highlighted by Radio National of Cambodia and reported by Yahoo Finance and Travel and Tour World, positions the vibrant capital of Cambodia as the perfect pl...
Read MoreCambodia Announces Stamp Duty Exemption for First-Time Home Buyers in 2025
In a significant move to boost the real estate market and support first-time home buyers, the Royal Government of Cambodia has announced a one-year exemption from stamp duty for properties priced at USD 210,000 or less. This initiative will be effective from 1 January 2025 to 31 December 2025, according to the government’s announcement issued on 31 December 2024. Eligibility Criteria for Buyers...
Read MoreCambodia Earn Nearly USD 50 Million from Tourist Ticket Sales in 2024
In an exciting development for Cambodia’s tourism sector, the country generated close to USD 50 million from ticket sales for its iconic sites—Angkor, Koh Ker, and various boat rides—over the course of 2024. According to a comprehensive report released by the Angkor Institute on January 1, 2025, Cambodia collected a remarkable total of USD 48,950,354 from these ticket sales from January through...
Read MoreExciting New Year Discounts on Cambodian eVisas!
As we welcome 2025, the Royal Government of Cambodia is kicking off the New Year with a fantastic announcement for international travelers! Starting 1 January 2025, visitors to the Kingdom of Wonder can enjoy substantial discounts on their eVisa fees, making exploring the country’s rich culture and breathtaking landscapes easier and more affordable. In a press release dated 28 December 2024, of...
Read MoreCambodia’s Trade Volume Soars to Over USD 50 Billion in 2024, Marking a 15.95% Growth
Cambodia’s trade volume exceeded USD 50 billion in the first 11 months of 2024, reflecting a substantial growth of 15.95% compared to the same period in 2023, as the Ministry of Commerce reported recently in December 2024. This remarkable achievement underscores the nation’s robust economic progress and increasing integration into global trade networks. Exports reached USD 24.34 billion, repres...
Read MoreAsia Pacific Real Estate Forecast 2025: Navigating Challenges with Resilience & Opportunity
The Asia Pacific real estate market is poised for steady growth in 2025, buoyed by easing global interest rates and projected regional GDP growth of 4.4%, despite persistent challenges such as China’s ongoing property market struggles and geopolitical tensions. the International Monetary Fund (IMF) and World Bank confirmed these growth projections in their recent regional reports, according to an ...
Read MoreVireak Buntham Launches High-Speed Passenger Ship Connecting Kampot & Koh Tral
Vireak Buntham Company has officially launched a high-speed passenger ship service connecting Kampot International Tourist Port to Koh Tral (Phu Quoc Island), Vietnam. The direct journey, which takes just 40 minutes, marks a significant advancement in cross-border connectivity and was announced on the company’s official Facebook page on 25 December 2024. The launch follows the inauguration of K...
Read More