Economy and Finance
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 premier travel destination. In January and February alone, a ...
Read MoreSlow 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 system credit has risen to 242.9 trillion rie...
Read MoreEast 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 representatives discussed their propos...
Read More2024 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 socio-economic development, enhancing trave...
Read MoreNBC 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 related to real estate trading accounted for 11.6% of this total, equat...
Read MoreCambodia & 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 Extraordinary and Plenipotentiary of Vietnam...
Read MoreChina 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 General of the Committee for Investment...
Read MoreCambodia’s Trade Volume Surges Past USD55 Billion in 2024
In a remarkable display of economic growth, Cambodia's trade volume surpassed USD 55 billion in 2024, marking a substantial increase compared to the previous year. This data comes from the latest export-import trade report released by the General Department of Customs and Excise of Cambodia, reflecting a robust and favorable trajectory for the nation's economy. The report highlights that in 202...
Read MoreSihanoukville 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 inve...
Read MoreADB 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 growth. In a press release on 18 February 2025, ...
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