Economy and Finance
SHV Port Revenue Hits US$90m in 2022; PP Port Revenue Increases 17% Y-o-Y
In 2022, the revenue of Sihanoukville Port increased by 2.45% to US$86 million, while that of Phnom Penh Port also increased by more than 17% to US$40 million, according to the Ministry of Public Works and Transport (MPWT) on 15 February MPWT Minister HE Sun Chanthol said that the growth of the waterway transport sector in these major […]
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ADB Provides US$10m Loan to CP Bank for Boosting SMEs in Cambodia
The Asian Development Bank (ADB) and Cambodia Post Bank (CP Bank) have signed a loan agreement of US$10 million to support the recovery of micro, small, and medium-sized enterprises (MSMEs) in Cambodia from the COVID-19 pandemic by expanding their access to finance. At least 50% of the proceeds are marked to finance MSMEs led by […]
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Australia Stops Using Chinese-made CCTV in All Key Administrative Buildings
The Australian government has decided to stop installing CCTVs made by Chinese tech companies in its government buildings, claiming those CCTVs could pose a security risk to the country, according to DW News on 9 February. Manufacturers such as Hikvision and Dahua have provided at least 913 CCTVs, intercoms, electronic inputs and video cameras at […]
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PM Hun Sen Announces Masterplan for New Economic Pole in Northwest Provinces
Cambodia Prime Minister Samdech Hun Sen has announced a master plan to establish a new economic pole based on “fish and rice” potential in Cambodia’s north western provinces. The announcement of a project to establish a “fish and rice economic pole” is in response to the Chinese president’s investment interest in agricultural and hydrological development […]
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SME Bank Provides Over US$53m in Loans to 230 Enterprises in 2022
In 2022, the Small and Medium Enterprise Bank of Cambodia (SME Bank) provided a total of US$53 million loan to 230 small and medium enterprises, according to the official report recently. According to the report, the first and second phases of the SME support project, which was successfully completed, provided support to a total of […]
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Gov’t Urges Hungary to Invest More in Cambodia as Bilateral Trade Up 84% Y-o-Y
Cambodia has asked Hungarian investors to study and explore more trade and investment opportunities in Cambodia, as the two countries’ trade volume has increased significantly, reaching more than US$7 million in 2022. This is according to the meeting between Secretary of State of the Ministry of Commerce HE Tek Reth and new Ambassador of Hungary […]
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Customs Revenue at US$2.6bn in 2022; 5.9% Earned From Construction Sector
In 2022, the General Department of Customs and Excise of Cambodia collected 10,998.9 billion Riels or about US$2.6 billion, an increase of 18.3% compared to 2021, according to the announcement of the General Department on 3 February. Revenue includes a value-added tax of 4,169.8 billion riels (37.9% of total revenue), a special tax of 4,151.6 billion […]
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463 Factories Operate in Six Districts in Kampong Cham
Kampong Cham province has attracted investors to invest in many development projects. 463 projects and factories are operating in six cities in districts in Kampong Cham province. In a press conference on 3 February, Kampong Cham Governor HE Un Chanda said that in the labour field, there are a total of 463 enterprises and factories […]
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48 companies investing in 200k ha of concessional land in Kratie
Kratie province has currently 48 companies investing in 198,970 hectares of economic land concessions, while more than 10 companies and enterprises are operating and planning to set up new factories in the province, according to Kratie Governor HE Va Thorn on 31 January. He said 86,374 hectares of land in Kratie is used forrubber plantation, 73,989 […]
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Cambodia-International Trade Valued at Over US$52bn in 2022
Cambodia-international trade volume reached approximately US$52.42 billion as of 2022, an 9.1% y-o-y increase, according to Minister of Commerce HE Pan Sorasak on 30 January. Cambodia’s export volume was at US$22.48 billion, a 6% y-o-y increase while import volume was at US$29.94 billion, also an increase of 4%. Meanwhile, the import value of construction materials, […]
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