Economy and Finance
Indonesia 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 […]
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Cambodia-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 […]
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EU 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. […]
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Cambodia’s Tourism Soars with Impressive Revenue from Ticket Sales
Cambodia is celebrating a significant boost in tourism as the country rakes in over USD 13.55 million from ticket sales in just the first two months of 2025. According to a report released by the Angkor Foundation, the magnificent temples of Angkor continue to attract visitors from around the globe, reaffirming Cambodia’s status as a […]
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Slow Credit Growth in Cambodia’s Banking Sector in 2024
In 2024, Cambodia’s banking system experienced slow credit growth, reaching only 3%. This modest increase is attributed to the sluggish recovery of key sectors such as construction, real estate, tourism, as well as wholesale and retail businesses. A report released by the National Bank of Cambodia (NBC) on 22 February revealed that the total banking […]
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East Group Announces Plans for Special Economic Zone in Preah Sihanouk Province
Investors from East Group have unveiled their ambitious plans to establish a special economic zone in Preah Sihanouk Province, marking a significant move aimed at boosting local economic development. In a working meeting with HE Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, East Group […]
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2024 Sees a Surge in Cambodia’s Air Freight as Volume Jumps 40% with Nearly 80,000 Tons Transported
In 2024, Cambodia’s air transport sector made significant strides successfully transporting 77,852 tons of goods marking a remarkable 40% increase compared to the same period in 2023. This achievement was highlighted in a report presented by Prime Minister Hun Manet on 5 March 2025. Air transport has emerged as a crucial strategic factor in Cambodia’s […]
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NBC Reports that Cambodia’s Home Loans with Banks Reach USD 6.78 Billion by 2024
In a recent report, the National Bank of Cambodia announced that as of 2024, the country had seen a significant surge in home loans, totalling over USD 6.78 billion, marking a 12.5% increase. This figure represents 12.5% of the total loan volume in Cambodia, which stands at USD 54.3 billion. The report highlights that loans […]
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Cambodia & Vietnam Set Ambitious Trade Target of USD 20 Billion
In a significant commitment to enhance economic collaboration, Cambodia and Vietnam have pledged to elevate their bilateral trade to USD 20 billion in the coming years. This agreement was reached during a meeting on 20 February 2025, between Samdech Khuon Sudary, President of the National Assembly of Cambodia, and HE Nguyen Minh Vu, Ambassador […]
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China Invests Nearly USD 300 million to Build Glove Factory in Svay Rieng Province
Nex Healthcare Co., Ltd., a world-class Chinese company, has invested approximately USD 273 million to officially open a factory for the production of gloves (PVC and rubber) and medical equipment in the Qilu Special Economic Zone, Svay Rieng province, on 2 March 2025. During the ground-breaking ceremony for the factory, HE Chea Vuthy, Secretary […]
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