Japan-Cambodia Association to help attract investors, Sour says

Japan-Cambodia Association to help attract investors, Sour says

The Japan-Cambodia Association office, officially inaugurated on Monday in Phnom Penh, will play an important role in attracting more Japanese businessmen and investors to Cambodia, said Heng Sour, Minister of Labor, Vocational Training (MLVT). Presiding over the official inauguration ceremony of the Japan-Cambodia Association Office, Sour said the establishment of the Japan-Cambodia Association Office in […]

Read More
Ministry of Tourism to strengthen the quality of tourism business to celebrate Khmer New Year

Ministry of Tourism to strengthen the quality of tourism business to celebrate Khmer New Year

In order to contribute to the promotion of Cambodia’s prestige and resilience by turning Cambodia into a leading global tourism destination with diversity, full of opportunities, and warmth, and to celebrate the traditional Khmer New Year from April 13–16, 2024, the Ministry of Tourism instructed the Capital and Provincial Departments of Tourism to continue to […]

Read More
Investors urged to support Kingdom’s energy goals

Investors urged to support Kingdom’s energy goals

Cambodia yesterday welcomed strategic partnerships and investments from across the region to achieve its targets of 70 percent installed renewable energy capacity and a 19 percent decrease in Total Final Energy Consumption (TFEC). While encouraging regional investors at the Cambodia-ASEAN Business Summit 2024 to join the clean energy initiatives of the Kingdom, Keo Rottanak, Cambodia’s […]

Read More
World Bank Highlights Cambodia and Philippines as ASEAN’s Top Economic Performers in 2024

World Bank Highlights Cambodia and Philippines as ASEAN’s Top Economic Performers in 2024

Phnom Penh, April 1, 2024 – In a remarkable display of recovery and growth, Cambodia’s iconic Angkor Archaeological Park has recorded a substantial increase in foreign tourist arrivals in the first quarter of this year. According to the latest report by Angkor Enterprise, the park saw 385,769 international visitors, marking a year-on-year increase of 47 […]

Read More
Charting Kingdom’s economic progress: Decades of growth and future strategies

Charting Kingdom’s economic progress: Decades of growth and future strategies

Over the past decades, Cambodia has experienced significant economic growth, averaging 7% annually pre-pandemic. The growth has been primarily driven by four key sectors: agriculture, garment, tourism and construction.  The garment industry, fuelled by strong export market demand, has been particularly influential, accounting for about 80% of the country’s total exports in recent decades and […]

Read More
Top Korean firms probe Cambodian opportunities

Top Korean firms probe Cambodian opportunities

A Korean delegation comprising representatives of leading businesses such as Hyundai Motor, CJ Group and Booyoung Group sought investment opportunities in Cambodia, mainly in the digital and technology sector, vehicle assembly factories and manufacturing of value-added products. The delegation opened about this during a courtesy call to Sun Chanthol, Deputy Prime Minister and First Vice […]

Read More