Economy and Finance
Emerging Green Journey: Cambodia’s Electric Vehicle Boom in 2024
In 2024, Cambodia experienced a remarkable increase in electric vehicle registrations, reaching a total of 2,253—a staggering 620% rise compared to 2023. This was confirmed by HE Phorn Rim, the spokesman for the Ministry of Public Works and Transport, on 15 January 2025. This substantial growth indicates a positive shift towards green transportation in Cambodia. […]
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Cambodian Government Exempts Local Cement Industry from Special Tax for Two Years
The Royal Government of Cambodia has announced a significant measure to support the local cement industry by waiving the special tax for a period of two years. This decision, outlined in a Prakas from the Ministry of Economy and Finance dated 14 January 2025, is aimed at easing the financial burden on the industry. During […]
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Chinese Mining Firms Eye Expansion in Cambodia’s Potent Resource Sector
In a promising development for Cambodia’s mining industry, Beijing Endi (Group) Co., Ltd., a prominent mining investment firm based in China, has set its sights on expanding operations in the kingdom. This ambition was underscored during a pivotal meeting on 15 January 2025, between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and […]
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Cambodia to Issue 500 Billion Riels in Securities to Balance National Budget in 2025
In a strategic move to bolster its national budget, the Cambodian government has announced plans to issue an additional 500 billion riels in state securities in 2025. This decision, revealed in a press release dated 23 December 2024, aims to enhance investment capabilities while ensuring fiscal stability. The Ministry of Economy and Finance will conduct […]
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Cambodia’s Economic Boom: A Game-Changer in 2024
In a bold leap towards unprecedented economic growth, Cambodia has unveiled the approval of 10 new special economic zones, marking a significant milestone in 2024 with investments poised to reach a staggering USD 850 million. This strategic expansion is set to generate approximately 4,000 new jobs, heralding a transformative era for the nation’s economic landscape. […]
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Cambodia Strengthens Transport Infrastructure with UN Partnership
In a significant move towards enhancing Cambodia’s transport and logistics infrastructure, the Ministry of Public Works and Transport has joined forces with the United Nations Office for Project Services (UNOPS). On 10 January 2025, a Memorandum of Understanding (MoU) was signed between HE Peng Po Nea, the Minister of Public Works and Transport, and Mrs. […]
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WANLI Tire Breaks Ground on New Factory in Svay Rieng, Promising Jobs and Economic Growth
In a move poised to boost Cambodia’s economy significantly, WANLI Tire has officially begun construction on a state-of-the-art tire manufacturing facility in the Sin Bavet Special Economic Zone. The groundbreaking ceremony was led by HE Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, marking a pivotal […]
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Cambodia-ASEAN Trade Volume Exceeded USD 14 Billion in 2024
In 2024, the trade volume between Cambodia and ASEAN member countries surpassed USD 14.3 billion, marking a significant increase of 12.8% compared to the same period in 2023. This data comes from a recent report by the Ministry of Commerce. According to the report, Cambodia’s exports to ASEAN countries amounted to over USD 4.620 million, […]
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Cambodia’s Steel Imports Surge by Nearly 70% in 2024
The construction sector in Cambodia is experiencing significant growth, as evidenced by the substantial increase in steel imports. In 2024, Cambodia imported over USD 631 million worth of steel, marking a remarkable 69.6% rise compared to the previous year’s imports of just over USD 372 million. This data was reported by the General Department of […]
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Cambodia & Korea Strengthen Economic Partnership in 2024
The bilateral trade volume between Cambodia and the Republic of Korea surged to USD 762 million by the end of 2024, marking an impressive increase of 11.49% compared to the previous year, according to a report from the Ministry of Commerce. Cambodia’s exports to Korea have reached USD 288 million, reflecting a robust growth of […]
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