The exports of the enterprises located inside the Royal Group Phnom Penh Special Economic Zone (RGPPSEZ) saw a significant increase in 2024 with a record high value of $1,880 million, up 16 percent from $1,621 million in 2023. “We take immense pride in contributing approximately 7 percent to Cambodia’s total export value of $26,664 million, […]

Senate President Hun Sen Friday said that Cambodia and Malaysia must strive to push their trade volume to $2 billion amid enhancing economic exchanges, trade, investment, and tourism between the two countries. The suggestion was made during a meeting between Mr Hun Sen and Tan Sri Dato Dr Johari bin Abdul, Speaker of Malaysia’s House […]

Cham Nimul, Minister of Commerce (MoC), Saturday encouraged the private sector to explore investment opportunities in the Kingdom’s electric vehicle (EV) sector to boost the national economy as well as address environmental concerns. The Minister noted that the development of the EV sector has brought a range of benefits, including job creation for citizens, adding […]

The National Committee for Coastal Management and Development of Cambodia, the Ministry of Land Management, Urban Planning and Construction (MLUPC), and the National Coastal Area Working Group of Preah Sihanouk, Kampot, and Kep Provinces continue efforts to enhance the 2,700-meter beach in Kep Province and promote the quality of Prek Treng Beach in Preah Sihanouk […]

Key insiders said the good progress of Cambodia’s garment, footwear, and travel (GTF) exports is a significant positive sign for the Cambodian economy, social stability, and decent work standards environment. The latest trade data from the General Department of Customs and Excise of Cambodia (GDCE) showed that GFT exports earned $13.74 billion in 2024, up […]

Cyprus is “in the final stage” of preparation to join Europe’s Schengen zone, President Nikos Christodoulides said on Saturday. Speaking at a meeting of the European People’s Party in Berlin, he said his government now has as its “main goal” integration into the Schengen zone, and that it has “done a lot of work to […]

Following a successful year in 2024 that saw foreign tourist arrivals exceed expectations, the Ministry of Tourism has set an ambitious target of attracting up to more than 7 million international tourists in 2025. “The ministry has set a strategic plan in targeting to attract up to 7.2 million or 7.5 million foreign tourists in […]

The World Bank’s latest Global Economic Prospects report has forecast Cambodia’s GDP growth at 5.5 percent for this year and next year — up from an estimated 5.3 percent last year. Released in Washington on Thursday, the annual report ranks Cambodia among the fastest-growing emerging markets and developing economies in East Asia—ahead of China, Indonesia, […]

Cambodia has showcased its tourism potential at the ASEAN Travel Exchange (TRAVEX) in Malaysia, sharing insights into the country’s rich cultural and natural attractions, and highlighting the Kingdom’s readiness to welcome international tourists in 2025. In a press briefing held at the ASEAN Travel Exchange (TRAVEX), in Johor Bahru, Malaysia, Ouk Sam Ath, Deputy Director […]

Cambodia’s economy is projected to grow at 6.3 percent in 2025, said the Budget in Brief report for the Fiscal Year 2025, released by Ministry of Economy and Finance (MEF) on Tuesday. According to the assessment of the Royal Government’s medium-term public financial framework, the growth is expected to increase the current price of Gross […]

The Royal Government of Cambodia (RGC) Wednesday organised a meeting to review and discuss the ‘Logistics Performance Index (LPI) Score’ published by the World Bank aimed to assess and improve the Kingdom’s logistics as part of broader efforts to enhance trade efficiency and support sustainable economic development. The meeting, presided over by Sun Chanthol, Deputy […]

The Ministry of Commerce (MoC) recently convened an internal meeting to evaluate the draft of Cambodia’s Digital Trade Policy for the period 2025-2030. This initiative aims to promote digital inclusivity and enhance the nation’s integration into the global market. The meeting, held on Wednesday, January 15, 2025, was presided over by Reach Ra, Secretary of […]

King Father Norodom Sihanouk devoted his life to Cambodia’s political independence and was committed to economic development. In March 1955, he gave up the throne to his father, Suramarit, to deepen his involvement in governance. He formed a political party, won the general election, and became prime minister to lead the government. Sihanoukville is a […]

The Ministry of Public Works and Transport (MPWT) reported a big jump in registration of electric vehicles (EVs) in 2024, thanks to the support of people and the gains of population among users. In 2024, there were a total of 2,253 registered EVs, an increase of 620 percent over 2023, which registered new EVs of […]

Phnom Penh: Former Prime Minister and current Senate President Samdech Techo Hun Sen commemorated the 40th anniversary of his election as Chairman of the Council of Ministers—now known as Prime Minister—on January 14, 2025, a milestone marking his long-standing leadership in Cambodia. In a post on social media, Samdech Techo Hun Sen stated, “Today marks […]

Phnom Penh: The Council for the Development of Cambodia has approved investment projects projected to create approximately 320,000 jobs across nearly 500 initiatives throughout 2024. Economists assert that this growth signals promising economic trends and job opportunities, indicative of Cambodia’s political stability under the leadership of the 7th Royal Government. Dr. Chheang Vannarith, Founder and […]