Economy and Finance
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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Cambodia’s Trade Volume Surges to Over USD28 Billion in 2024
In a significant boost to its economy, Cambodia has reported a trade volume exceeding USD 28 billion in 2024, marking an impressive 18% increase from the previous year. The latest import trade report from the General Department of Customs and Excise reveals a total import value of approximately USD 28.5 billion, reflecting robust growth in […]
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Sihanoukville Sees Investment Surge: State Incentives Revive Stalled Projects
Sihanoukville Province is rejuvenating its investment climate with special incentives for 269 stalled projects, totalling around USD 6.669 billion. This move is set to boost local business activities. During their recent meeting on 25 February, the Investment Promotion Working Group announced additional incentives for 14 more projects this month, demonstrating their dedication to enhancing investment […]
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ADB Announces Ambitious Expansion of Financing to Tackle Regional Challenges
In a significant move to bolster development across the Asia-Pacific region, the Asian Development Bank (ADB) has unveiled plans to increase its annual financing capacity from USD 24 billion in 2024 to an impressive USD 36 billion by 2034. This 50% expansion aims to enhance ADB’s ability to address pressing regional issues and promote sustainable […]
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Malaysia Strengthens Agricultural Ties with Cambodia Through Investment in Fresh Milk Production
In a significant step towards enhancing agricultural cooperation, Malaysia has announced plans to invest in fresh milk production in Cambodia. This development was unveiled during a key meeting between Cambodia’s Minister of Agriculture, Forestry and Fisheries HE Dit Tina, and Malaysia’s Minister of Agriculture and Food Security, HE Datuk Seri Haji Mohamad bin Sabu. During […]
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Cambodia to Expand Industrial & Economic Zones by 2024
As part of its ongoing economic development strategy, Cambodia is poised to have a total of 20 industrial parks by 2024, with operational factories situated across five capital cities and provinces. This expansion represents an increase of three industrial parks, or 17.65%, compared to the previous year, according to the 2024 Work Results Report and […]
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Companies Raise USD 475 Million in Capital Markets, Promising Growth Ahead
As of February 2025, listed companies in Cambodia have successfully raised a total of USD 475 million from the capital market, according to HE Hong Sok Hour, CEO of the Cambodia Securities Exchange (CSX). During his address at the ACLEDA Bank subordinated bond listing ceremony on 24 February 24, HE Hong announced that CSX currently […]
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USAID’s Withdrawal Paves the Way for China’s Expanding Influence in Cambodia & ASEAN
The abrupt freezing of USAID funding under the Trump administration has halted vital infrastructure and development projects across Southeast Asia, leaving a geopolitical vacuum that China is poised to fill. With USAID’s cessation, critical services in Cambodia—including healthcare, education, and demining efforts—face significant disruption. The United States, which allocated nearly USD 68 billion in foreign […]
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Cambodia Government Facilitates Import Exemptions for Construction Projects
In a significant move to boost investment in the construction sector, the Cambodian government has announced a new procedure to exempt imports of construction materials from customs duties, special taxes, and state-paid value-added tax. This initiative targets investment projects registered with the Capital-Provincial Investment Subcommittee and is detailed in Inter-Ministerial Prakas No. 070 MEF.Prokas, issued […]
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