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ខ្មែរ Business and Market
Tous Les Jours Bakery Returns to Phnom Penh Amid Cambodia’s Economic Surge
- 29 April 2024
In a strategic move driven by Cambodia's robust economic growth and burgeoning market potential, the renowned bakery chain Tous Les Jours has announced its comeback to Phnom Penh after a year-long hiatus. Reported by Maeil Business News Korea on 29 April, a franchise agreement has been inked between CJ Foodville and global restaurant franchise EFG, paving the way for the establishment of five T...
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Last Chance to Seize Exclusive Sangkran New Year Deals at Borey Peng Huoth’s “Angkor Nam Samnang” Project
- 26 April 2024
Time is running out to take advantage of Borey Peng Huoth's Sangkran New Year promotion, especially as the "Angkor Nam Samnang" project nears completion! Borey Peng Huoth rolled out an exciting promotion in early April to celebrate the Khmer New Year, offering exclusive deals for homebuyers. With only a few days left until the end of April, prospective buyers are urged not to miss out on this l...
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Cambodia-China Bilateral Trade Surges to US$10bn, 4.6% Up, in First 10 Months of 2023
- 25 April 2024
Cambodia's trade with China flourished in the first 10 months of 2023, with bilateral trade volume reaching an impressive US$10 billion, marking a notable 4.6% increase compared to the previous year. This announcement was made by National Assembly President Samdech Khuon Sodary during a productive working meeting with HE Zhang Qingli, Vice Chairman of the 13th National Committee of the Chinese Pol...
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Cambodia’s Furniture Market Set to Surge from US$100m to Over US$1bn by 2033
- 22 April 2024
The Cambodian furniture market, though relatively small, is primed for substantial expansion in the coming years, with exports projected to soar to US$1.484 billion by 2033, as outlined in "The Cambodia Furniture Industry Research Report 2024-2033" published by finance.yahoo on 17 April 2024. Despite a slight downturn in 2023, Cambodia's furniture manufacturing sector has exhibited remarkable g...
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Construction Material Imports Surge nearly US$350m in Q1 2024, Reflecting Cambodia’s Booming Construction Sector
- 18 April 2024
In the first quarter of 2024, Cambodia witnessed a remarkable surge in its construction sector, as imports of construction materials soared to an impressive US$349 million, marking a significant increase of 22.24% compared to the same period last year. This data, derived from the General Department of Customs and Excise, illuminates the thriving growth and vibrant activity within the construction ...
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Manhattan SEZ to Expand Operations in Svay Rieng Province
- 13 April 2024
In a significant move aimed at bolstering economic development in Cambodia, Manhattan Special Economic Zone (SEZ) has announced plans for further expansion in Bavet city, Svay Rieng province, in collaboration with Singapore's SJ Group. The announcement came following a high-level meeting between HE Sun Chanthol, Deputy Prime Minister and first Vice President of CDC, Mr. Clement Yang, Director G...
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2024 – Cambodia succeeds in its campaign to reduce the use of plastic because the volume of imports decreased by 75%
- 11 April 2024
By the first quarter of 2024, the volume of plastic imports into Cambodia has decreased by about 75%, while this decrease shows that the implementation of the campaign to reduce the use of plastic in the past has been successful. This is according to the announcement of the Ministry of Environment on April 10, 2024. According to the Ministry of Environment, in the first quarter of 2024, the dem...
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Cambodia’s Exports to Korea Skyrocket, Surging 2048% in 2023
- 28 March 2024
In a remarkable surge, Cambodia's exports to the Republic of Korea soared to US$26.21 million in 2023, marking a staggering increase of 2048% compared to the previous year's US$1.22 million. This substantial growth underscores the robust trade relationship between the two nations, facilitated by the CKFTA agreement. The data, disclosed by the spokesperson of the Cambodian government during a hi...
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Cambodia’s Exports Surge to Nearly US$12bn Under New Government within Six Months
- 26 March 2024
Cambodia's export trade has soared to impressive heights under the leadership of the new government, with a remarkable trade volume of US$11.8 billion recorded from September 2023 to February 2024. This figure reflects a substantial increase of 16.57% compared to the corresponding period last year. PM Samdech Hun Manet disclosed these statistics during the plenary session of the Council of Ministe...
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China’s Property Investment Sees 9% Decline in First Two Months, Still Down but Slower than 2023
- 25 March 2024
Property investment in China witnessed a 9% year-on-year decline in the first two months of 2024, a notable improvement from the 24% fall recorded in December 2023, according to data from the National Bureau of Statistics (NBS). Similarly, property sales by floor area experienced a 20.5% slide in January-February compared to a year earlier, showing a gradual slowdown from the 23% decline in Decemb...
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