Economy and Finance
VSIP Reports 146% Surge in H1 Profits Amid Expanding Industrial Park Portfolio
Vietnam-Singapore Industrial Park J.V. Co., Ltd (VSIP), Vietnam’s leading industrial park developer, reported a significant 146% increase in net profit, reaching USD 43.84 million in the first half of this year, driven by robust growth in its industrial park operations. This performance boosted the company’s return on equity (ROE) to 6.61%, up from 3.13% in […]
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Cambodia’s First Regional Nursery Nears 20% Completion, Pioneering Green Initiatives in Tbong Khmum
Cambodia’s first regional nursery, located in Preah Theat commune, Ou Raing Ov district, Tbong Khmum province, has reached 20% completion, marking significant progress in the country’s ambitious reforestation efforts. The update came during an inspection visit by HE Dr Eang Sophalleth, Minister of Environment, on 8 October 2024. Set across more than 3 hectares, this […]
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Cambodia-ASEAN Trade Surpasses USD 10bn in Eight Months, Achieving Over 11% Growth
Cambodia’s trade volume with ASEAN nations soared past USD 10 billion in the first eight months of 2024, reflecting a remarkable growth of more than 11% compared to the same period last year, as highlighted in a report by the General Department of Customs and Excise, released by the Ministry of Information on 27 September […]
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Cambodia Earns Over USD 33m from Angkor, Koh Ker & Boat Ride Ticket Sales in 9 Months
In nine months of 2024, Cambodia generated a remarkable USD 33,284,233 from ticket sales for Angkor, Koh Ker, and boat rides, reflecting the growing influx of international tourism. Of this, USD 32,522,730 was collected from 699,850 foreign tourists purchasing tickets to visit Angkor, marking a 30.32% increase compared to the same period last year, according […]
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Cambodia’s Trade Volume with RCEP Surges to Nearly USD 23bn in 8-Month Period, Up 17%
Cambodia’s trade relations with the Regional Comprehensive Economic Partnership (RCEP) witnessed substantial growth in the first eight months of 2024, reaching an impressive USD 22.92 billion, a 17.2% increase compared to the USD 19.55 billion recorded during the same period last year. This spike in trade highlights Cambodia’s deepening economic integration with RCEP member countries, […]
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Malaysia Completes Merdeka, World’s 2nd Tallest Skyscraper at 678.9m Amid Concerns Over Demand
Malaysia has added yet another architectural marvel to its skyline with the completion of the 678.9-metre Merdeka 118, now the world’s second-tallest building, following only Dubai’s Burj Khalifa. The towering structure, which will be fully open to the public later this year, further cements Kuala Lumpur’s position as a city of super-tall skyscrapers. However, the […]
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Cambodia’s Construction Material Imports Surge to USD 1bn, a 21% Increase in First 8 Months of 2024
Cambodia’s import of construction materials hit USD 1.063 billion in the first eight months of 2024, marking a 21.58% increase compared to the same period last year. Despite this significant rise, the country’s construction sector is expected to experience a slower recovery, as highlighted by a recent report from both the General Department of Customs […]
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PPAP Port Collects Over USD 27 Million in Eight Months, Marking a 15% Growth
In a remarkable performance, Phnom Penh Autonomous Port (PPAP) collected more than USD 27 million in revenue during the first eight months of 2024, reflecting a 15% increase compared to the same period last year. This boost, driven primarily by port operations and services, showcases the port’s robust contribution to Cambodia’s growing economy, as confirmed […]
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Cambodia’s EV Market on Rise with Nearly 4k EVs & 21 Charging Stations by August 2024
By August 2024, Cambodia recorded 3,676 registered electric vehicles (EVs) and established 21 EV charging stations nationwide, underscoring the country’s growing commitment to the electric mobility sector. HE Peng Po Nea, Minister of Public Works and Transport, disclosed this data during the National Policy Dissemination Workshop on Electric Vehicle Development 2024-2030, held on 18 September […]
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Cambodia Sees 59% Surge in Iron and Steel Imports, Totalling Over USD 404m in 2024
Cambodia’s iron and steel imports soared by 59.2% in the first eight months of 2024, with the country importing more than USD 404 million worth of these materials, a substantial increase from just over USD 254 million during the same period in 2023. The General Department of Customs reported these figures and Excise on 10 September […]
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