English 
ខ្មែរ 
Economy and Finance
Cambodian Gov’t Reduces 2025 Budget to USD 9.32 Billion Amid Strategic Economic Planning
The Cambodian government has approved a 2025 budget bill totaling approximately 37.95 trillion riels (USD 9.32 billion), marking a reduction from the 38.83 trillion riels (USD 9.54 billion) allocated for 2024. The budget cut came as part of a strategic approach to economic planning. It was endorsed during a cabinet meeting chaired by PM Samdech Hun Manet on 25 October 2024, according to an officia...
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CBRE: Cambodian Real Estate Faces Divergent Trends Amid 2024 Economic Growth
Cambodia's real estate market in the final quarter of 2024 reveals diverse trends, marked by an estimated 5.8% GDP growth rate and 4.3 million international tourist arrivals in the first eight months, yet a decline in construction investment approvals to just USD 2.19 billion, involving fewer than 3,000 projects. The latest report by CBRE Research, based on data from the World Bank, Asian Developm...
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Major Highway Expansion Completed to Boost Thai-Cambodian Trade & Regional Connectivity
The Thai Department of Highways has announced the full completion of the Highway 317 expansion project, upgrading the route from Chanthaburi to Sa Kaeo from two lanes to four lanes. The project, which spans over 16 kilometers and costs approximately USD 26 million, aims to enhance trade and economic growth between Thailand and Cambodia by strengthening infrastructure and regional connectivity. Pat...
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PwC Slapped with Record USD 62.2m Fine and Six-Month Ban Over Evergrande Audit Failures
PwC Zhong Tian, the China arm of the global accounting giant, has been fined a record USD 62.2 million and banned from auditing for six months for its failure to identify financial misstatements in China Evergrande Group’s accounts between 2018 and 2020. The penalties, the most severe imposed on an audit firm in China, are part of Beijing’s broader crackdown on financial mismanagement and efforts ...
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Joint Tourist Port Project Set to Transform SHV’s Transportation & Economic Landscape
HE Deputy PM Say Sam Al, who chairs the Sihanoukville Provincial Government Working Group, is spearheading plans to establish a joint tourist port in Sihanoukville to enhance transportation services and boost the local economy. The announcement was made during a meeting with tourism port business owners on 8 October 2024. The initiative seeks to consolidate existing port facilities in Preah Si...
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While China Controls Most of the Real Estate Market, Japan Continues to Dominate ASEAN’s Major Economies
Though growing rapidly, Chinese foreign direct investment (FDI) in Southeast Asia focuses more on tertiary industries like finance, construction, and real estate. It is particularly prominent in less-developed economies such as Cambodia, Laos, and Myanmar. According to a recent study by Guanie Lim and Chengwei Xu, China's FDI in these sectors may complement, rather than challenge, the economic dom...
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VSIP Reports 146% Surge in H1 Profits Amid Expanding Industrial Park Portfolio
Vietnam-Singapore Industrial Park J.V. Co., Ltd (VSIP), Vietnam’s leading industrial park developer, reported a significant 146% increase in net profit, reaching USD 43.84 million in the first half of this year, driven by robust growth in its industrial park operations. This performance boosted the company’s return on equity (ROE) to 6.61%, up from 3.13% in the same period last year, according to ...
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Cambodia’s First Regional Nursery Nears 20% Completion, Pioneering Green Initiatives in Tbong Khmum
Cambodia's first regional nursery, located in Preah Theat commune, Ou Raing Ov district, Tbong Khmum province, has reached 20% completion, marking significant progress in the country's ambitious reforestation efforts. The update came during an inspection visit by HE Dr Eang Sophalleth, Minister of Environment, on 8 October 2024. Set across more than 3 hectares, this pioneering nursery is design...
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Cambodia-ASEAN Trade Surpasses USD 10bn in Eight Months, Achieving Over 11% Growth
Cambodia's trade volume with ASEAN nations soared past USD 10 billion in the first eight months of 2024, reflecting a remarkable growth of more than 11% compared to the same period last year, as highlighted in a report by the General Department of Customs and Excise, released by the Ministry of Information on 27 September 2024. The report detailed Cambodia's export of approximately USD 3.43 bil...
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Cambodia Earns Over USD 33m from Angkor, Koh Ker & Boat Ride Ticket Sales in 9 Months
In nine months of 2024, Cambodia generated a remarkable USD 33,284,233 from ticket sales for Angkor, Koh Ker, and boat rides, reflecting the growing influx of international tourism. Of this, USD 32,522,730 was collected from 699,850 foreign tourists purchasing tickets to visit Angkor, marking a 30.32% increase compared to the same period last year, according to a report from the Angkor Institute o...
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