Economy and Finance
Smart Eden Expands Cambodian Product Exports to France
In a significant development for Cambodia’s export market, Smart Eden has announced plans to expand the export of Cambodian products to France, bolstered by a robust distribution network of over 6,000 locations across the country. This major announcement was made during a meeting with HE Hem Vandy, Minister of Industry, Science, Technology and Innovation, and CEO Laurent Strauch, along with promin...
Read MoreCambodia Kicks Off 2025 with Impressive Tourism Revenue of Almost USD 20 Million in Ticket Sales
Cambodia is off to a remarkable start in 2025, reporting nearly USD 20 million in tourist ticket sales during the first quarter. According to the Angkor Foundation's recent report, the country generated a staggering USD 19,532,487 between January and March, with visitors flocking to iconic sites such as Angkor Wat, Koh Ker, Beng Mealea, and Phnom Kbal Spean. The numbers tell a promising story: ...
Read MoreCambodia’s Star Casino Asset at Centre of Donaco’s USD 55.6 Million Takeover by On Nut Road
Donaco International’s flagship Cambodian asset, the Star Vegas casino and hotel complex in Poipet, is now at the heart of a USD 55.6 million acquisition deal by On Nut Road, a Hong Kong-based special purpose vehicle managed by Argyle Street Management. As part of the takeover, shareholders will receive USD 0.045 in cash per Donaco share, representing a 54.10% premium to the 90-day volume-weighted...
Read MoreGov’t & Private Sector Join Forces to Boost Local Agricultural Production with MOU
In a major step towards boosting local agricultural production, the Ministry of Commerce has collaborated with six leading feed manufacturers to sign a Memorandum of Understanding (MoU) to promote key agricultural products such as red corn, cassava, and other raw materials in Cambodia. This was announced at an MOU signing ceremony by HE Cham Nimal, Minister of Commerce, on 19 March 2025. The...
Read MoreIKEA Explores Expansion into the Cambodian Market
Swedish furniture giant IKEA is setting its sights on Cambodia as a potential market for expansion. During a recent meeting, HE Chea Wutthy, Secretary General of the Investment Committee of Cambodia, welcomed an IKEA delegation led by Mr. Giafar Safaverdi, CEO of IKEA Southeast Asia, to discuss investment opportunities in the region. In the meeting, the Secretary-General outlined Cambodia’s att...
Read MoreCambodian Government Set to Launch Incentive Policy for Domestic Assembly Production
The Government of Cambodia is on the verge of introducing a ground-breaking incentive policy to boost domestic assembly production and significantly reduce imports. Prime Minister Hun Manet announced this initiative during the 2nd annual conference of the Cambodian Oknha Association, where he outlined the government's 2025 economic plans. The forthcoming policy is designed to encourage private ...
Read MoreCambodia’s Trade Surges to USD 9.44 Billion in Early 2025
In a promising start to the year, Cambodia’s international trade volume soared to approximately USD 9.44 billion during the first two months of 2025, marking a remarkable 16.3% increase compared to the same period in 2024, according to a recent report from the General Department of Customs and Excise of Cambodia. Export activities also showed positive growth, with goods valued at USD 4.46 billi...
Read MoreIndonesia Commits to Boost Investment in Cambodia as Trade Reaches USD 1 Billion
In a significant diplomatic engagement, HE Santo Damosumato, the Ambassador of the Republic of Indonesia to the Kingdom of Cambodia, expressed his country’s commitment to attracting more investment to Cambodia. This announcement was made during a meeting with Mr. Kuoch Chamroeun, the Governor of Kandal Provincial Council, on 6 March 2025. Ambassador Damosumato's remarks come on the heels of a n...
Read MoreCambodia-Thailand Trade Relations Soar to New Heights in 2024
In a significant boost to regional trade relations, the trade volume between Cambodia and Thailand reached an impressive USD 10 billion in 2024. This increase, marking a rise from USD 8 billion in the previous year, underscores the strengthening economic ties between the two neighbouring countries. During a pivotal meeting on 11 March 2025, Samdech Techo Hun Sen, Cambodia's Acting Head of State...
Read MoreEU Delegation Explores Investment Opportunities in Sihanoukville
A European Union delegation comprising representatives from 12 member states met with local authorities in Sihanoukville to explore potential investment avenues in the region, as it seeks to enhance economic ties and contribute to key sectors. The meeting featured HE Long Dimanche, Deputy Governor of Sihanoukville Province, who welcomed the delegation led by Mr. Andreas Berg, Deputy H...
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