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ខ្មែរ 
Business and Market
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 Customs and Excise of Cambodia (GDCE) on 10 January...
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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 13.77%. Simultaneously, imports from Korea have also risen to USD 47...
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Evercore Focuses on Clean Energy Investment in Cambodia
The Global investment banking firm Evercore is interested in investing in Cambodia's clean energy sector. During a meeting on 8 January 2025 between Prime Minister Hun Manet and Evercore Asia President Keith Magnus, the firm also expressed interest in the country's emerging sectors, including energy, health, and tourism. Magnus emphasized Evercore's operations and its intention to promote coope...
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Cambodia Set to Make Waves in Cashew Production in 2024
In an exciting development for the agricultural sector, Cambodia produced an impressive 850,000 tons of cashew nuts in 2024, marking a remarkable 26% increase compared to last year. The news comes from the Cambodian Cashew Association, highlighting the nation's growing prominence in the global market. With exports projected to exceed USD 1.1 billion, the cashew industry is set to play a pivotal...
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Kampot Tourism Port, in Collaboration with Virak Buntham, Launches High-Speed Boat Service in Cambodia
The Kampot International Tourist Port, operated by KITP Development Co., Ltd., a subsidiary of AZ Group, has partnered with Virak Buntham to offer high-speed boat services to neighboring countries. This partnership was formalized during a signing ceremony held on 6 January 2025. According to Virak Buntham, the collaboration aims to attract 500,000 national and international tourists in 2025 and...
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Cambodia’s Cement Industry Surges with Over USD 1.2 Billion Investment
In a landmark development for Cambodia's economic landscape, the nation’s cement industry has reached an impressive production level worth over USD 1.2 billion, catering to both domestic needs and export markets. This announcement was made during a pivotal meeting between Prime Minister Samdech Hun Manet and Mr. Ratchayut Kasemchaisiri, Chairman of the Cement Industry Association of Cambodia, on 1...
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Cambodia Earn Nearly USD 50 Million from Tourist Ticket Sales in 2024
In an exciting development for Cambodia’s tourism sector, the country generated close to USD 50 million from ticket sales for its iconic sites—Angkor, Koh Ker, and various boat rides—over the course of 2024. According to a comprehensive report released by the Angkor Institute on January 1, 2025, Cambodia collected a remarkable total of USD 48,950,354 from these ticket sales from January through...
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Cambodia’s Trade Volume Soars to Over USD 50 Billion in 2024, Marking a 15.95% Growth
Cambodia’s trade volume exceeded USD 50 billion in the first 11 months of 2024, reflecting a substantial growth of 15.95% compared to the same period in 2023, as the Ministry of Commerce reported recently in December 2024. This remarkable achievement underscores the nation’s robust economic progress and increasing integration into global trade networks. Exports reached USD 24.34 billion, repres...
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Asia Pacific Real Estate Forecast 2025: Navigating Challenges with Resilience & Opportunity
The Asia Pacific real estate market is poised for steady growth in 2025, buoyed by easing global interest rates and projected regional GDP growth of 4.4%, despite persistent challenges such as China’s ongoing property market struggles and geopolitical tensions. the International Monetary Fund (IMF) and World Bank confirmed these growth projections in their recent regional reports, according to an ...
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Cambodia Eyes Potential to Expand World-class Integrated Resorts Market, with 87 Casinos Currently Operating
Cambodia is advancing plans to expand its casino industry by developing world-class integrated resorts (IRs) and implementing attractive tax policies to entice investors. The announcement was made on 10 December 2024 by Khim Oudam, Deputy Director of Licensing at Cambodia's Commercial Gambling Management Commission (CGMC), during remarks to GGRAsia. The country’s gross gaming revenue (GGR) tax ...
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