Economic and finance
Cambodia’s Banana Exports Flourish as China Remains Top Market
In a significant boost to its agricultural sector, Cambodia exported a remarkable 260,000 tons of fresh bananas in 2024, with a staggering 95% of this yield headed for the Chinese market. This surge in banana exports highlights Cambodia’s growing influence in the international agricultural arena. As of now, Cambodia boasts 21,000 hectares dedicated to yellow […]
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Cambodia’s Agriculture Sector Set to Boost GDP Significantly by 2024
In a promising outlook for the Cambodian economy, the agriculture sector is projected to contribute nearly 17% to the country’s gross domestic product (GDP) by 2024, amounting to an impressive USD 7.82 billion. This information was unveiled in a recent press release following a meeting of the National Assembly and Senate on agriculture held on […]
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Strengthening Support for Informal Economy Workers in Cambodia
On May 26, 2025, a significant partnership was established between the Cambodian Ministry of Labor and Vocational Training and the Japan International Labor Fund (JILAF) with the signing of a Memorandum of Understanding in Tokyo, Japan. This collaboration aims to bolster the livelihoods of workers in Cambodia’s informal economy through enhanced vocational training and support […]
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Cambodia’s Port Revenues Surge in Q1 2025
Cambodia’s two major state-owned ports, the Sihanoukville Autonomous Port (PAS) and the Phnom Penh Autonomous Port (PPAP), have reported impressive revenue growth in the first quarter of 2025, totaling approximately USD 40 million. According to a recently filed report with the Cambodian Securities Exchange, Sihanoukville Autonomous Port, the country’s largest seaport, generated a substantial revenue […]
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Cambodia Lowers Economic Growth Forecast Amid Tariff Policy Impacts
The Government of Cambodia has revised its economic growth projections for 2025 and 2026, anticipating a decline to approximately 5 percent. This adjustment comes in light of the anticipated repercussions of a recent tariff policy primarily affecting the export-oriented service sector. Prior to the announcement of these tariffs by the United States, Cambodia’s economy showed […]
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Cambodia and Australia Strengthen Ties with Investment and Trade Commitment
In a significant step towards enhancing bilateral relations, Cambodia and Australia have pledged to explore new strategies for expanding investment and trade cooperation. This commitment was solidified during a meeting held on May 19, 2025, between His Excellency Hun Manet, Prime Minister of Cambodia, and Ms. Frances Adamson, Premier of South Australia. The discussions highlighted […]
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Takeo Province Leads the Charge in Job Creation and Investment Attraction
Takeo Province is making significant strides in attracting investment, with nearly 800 factories currently operating, creating substantial job opportunities for the local population. His Excellency Wei Samnang, Governor of the Takeo Provincial Government, emphasized this commitment during a meeting with over 500 workers in Por Pel Commune, Tram Kak District, on May 18, 2025. During […]
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Cambodia and the United States Commit to Expanding Bilateral Trade Relations
In a significant move to bolster economic ties, Cambodia and the United States have engaged in constructive discussions focused on enhancing bilateral trade and investment. This initiative was highlighted during a series of meetings on May 15, 2025, involving His Excellency, Deputy Prime Minister Sun Chanthol, and U.S. Congresswoman Carol Miller, as well as […]
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Yazaki Expands Investment Plans in Cambodia
Yazaki Corporation, a renowned Japanese firm specializing in wire assembly, has announced its ambitious plans to further expand its investment in Cambodia. This move comes as the company celebrates over a decade of successful operations in the country. During a recent meeting, Mr. Yoshimoto Ito, the Deputy CEO of Yazaki, discussed these expansion plans […]
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Cambodia’s Tax Revenue Shows Strong Performance in Q1 2025
In a strong financial showing, Cambodia’s General Department of Taxation announced the collection of USD 1.25 billion in taxes during the first quarter of 2025. This amount reflects a robust contribution from various sectors, with stamp duty accounting for nearly 3% of the total. According to a report released on May 8, the department collected […]
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