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ខ្មែរ Economy and Finance
General Department of Taxation Achieves Remarkable Revenue Collection of US$2 Billion in H1 2023
- 19 July 2023
Cambodia's tax revenue collection for the first half of 2023 has reached an impressive US$2,072 million. Despite a year-on-year decrease of 19 percent, this achievement reflects the department's commitment to meeting financial targets and supporting the nation's development, according to the latest report from the General Department of Taxation. The report highlights that the six-month tax reve...
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Cambodia’s Iron and Steel Imports Surge to $192 Million in H1 2023, Jump 3.4 %
- 13 July 2023
Cambodia’s imports of iron and steel reached an impressive $192 million in the first half of 2023, marking a significant 3.4% increase compared to the same period last year. These two essential commodities have secured their place among the top 20 imported goods, as stated in the General Department of Customs and Excise report released on 10th July 2023. Iron and steel imports accounted for 1.6...
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Nearly US$1.1 Billion Investment Projects Approved by CDC 1H 2023, Fueling Economic Growth in Cambodia
- 12 July 2023
The Council for the Development of Cambodia (CDC) has greenlit an impressive array of 113 investment projects and expansions in the first half of 2023, boasting a staggering total capital investment of approximately US$1.1 billion. This momentous milestone not only showcases the country's robust investment climate but also signals its steadfast commitment to fostering sustainable economic growth a...
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NBC Urges Prudence in Real Estate Loans Amid Projected Market Slowdown
- 6 July 2023
The NBC has issued a cautionary statement to banks and microfinance institutions, emphasizing the importance of exercising prudence in granting real estate loans. This advisory comes in light of the projected slowdown in the demand for real estate within the domestic market for the current year. During a seminar held at the Center for Banking Study on June 6, 2023, HE Dr. Chea Serey, Deputy Gov...
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Cambodia Securities Exchange Sees Growing Investor Interest: 20 Companies Invest $330 Million
- 29 June 2023
The Cambodia Securities Exchange (CSX) continues to gain momentum as the number of listed companies on the IPO reaches an impressive milestone of 20, with a cumulative capital investment of US$330 million. HE Hong So Hour, the Government delegate overseeing the Cambodia Securities Exchange Company, made this announcement during the official registration ceremony of Meng Ly J Company's Kouch Educat...
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Cambodia’s Tourism Industry Achieves Record-Breaking Revenue of over US$2 Billion in 2022
- 24 June 2023
Cambodia's tourism sector experienced an exceptional year in 2022, with revenue surpassing the US$2 billion mark. The Ministry of Tourism recently unveiled its official report during the Tourism Review Conference on June 21, 2023, showcasing the industry's remarkable growth and economic impact. According to the report, Cambodia welcomed approximately 2.28 million international tourists in 2022,...
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Banteay Meanchey’s 5 Flourishing SEZs Fuel Unprecedented 20,000 Job Growth
- 21 June 2023
Banteay Meanchey province is experiencing a remarkable economic transformation, spearheaded by its five thriving special economic zones (SEZs), which have become major catalysts for job creation and development. With close to 20 factories operating within these SEZs, the province has successfully generated employment opportunities for over 20,000 individuals. Speaking to reporters from Radio Natio...
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Elvin Sou (Cambodia) International Shoe Factory Launches in Kampong Speu to Serve US Market
- 20 June 2023
Elvin Sou (Cambodia) International Standard Shoe Factory (Cambodia) has marked its official opening in Samrong Tong District, Kampong Speu Province. The factory, which boasts a substantial investment of US$6.4 million, was inaugurated in the esteemed presence of HE Dr Ith Sam Heng, Minister of Labor and Vocational Training, on June 19, 2023. As a prominent player in the industry, Elvin Su (Camb...
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Elevating Economic Ties: Cambodia and UAE Forge Comprehensive Economic Partnership Agreement
- 11 June 2023
In a momentous stride towards enhancing economic cooperation and fostering greater investment opportunities, Cambodia and the United Arab Emirates (UAE) have officially signed a Comprehensive Economic Partnership Agreement (CEPA). The signing ceremony, presided over by Samdech Hun Sen, Minister of Cambodia, witnessed the presence of HE Pan Sorasak, Minister of Commerce, and HE Thani Bin Ahmed Al Z...
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Angkor Wat Ticket Sales Soar, Generating Over $16M in the First Five Months of 2023
- 6 June 2023
The historical and cultural marvel of Angkor Wat continues to captivate visitors from around the globe, as Cambodia reports a remarkable surge in ticket sales, exceeding $16 million in revenue during the first five months of 2023. According to the latest report released by the Angkor Institute on June 1, 2023, this staggering figure represents a remarkable 767.42 percent increase compared to th...
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