The Kingdom’s tourism industry got a shot in the arm with the visit of the top official of the China Metro Group who made a courtesy call on Minister of Tourism in Phnom Penh on Tuesday. The main thrust of the meeting was on cooperation in the tourism industry. Sok Soken, Minister of Tourism played […]
Cambodia has topped a recent global index produced by the UK-based business publication, fDi Intelligence. The nation ranked as the best emerging market worldwide for foreign investment in 2024. Cambodia has taken the number one place in the 2024 index on account of its strong and consistent gross domestic product (GDP) growth, low inflation rate, […]
PHNOM PENH, May 23, 2024 — The National Bank of Cambodia (NBC) has forecasted a healthier economic growth rate and a decline in inflation for Cambodia in 2024, despite global economic challenges stemming from geopolitical tensions and rising interest rates. In its latest report issued on Monday, the central bank projected that Cambodia’s Gross Domestic […]
The Regional Comprehensive Economic Partnership (RCEP) agreement and bilateral free trade agreements (FTAs) are expected to help Cambodia attract more foreign direct investment (FDIs) and boost its exports, National Bank of Cambodia’s Governor Chea Serey said here on Monday. Cambodia is a member of the RCEP agreement that engaged with 15 Asia-Pacific countries, and the […]
Cambodia and South Korea will have ‘Regular Consultation Sessions’ aimed at boosting trade and investment cooperation between the two countries. This was decided during the high-level talks between Prime Minister Hun Manet and Yoon Suk Yeol, President of the Republic of Korea, recently during the visit of the Cambodian leader to Seoul. Mr Hun Manet […]
Cambodia and South Korea are poised to strengthen their economic partnership with a plan to establish special economic zones dedicated to Korean companies in Cambodia as the two countries agreed to leverage the Regional Comprehensive Economic Partnership (RCEP) agreement and other free trade agreements for the benefit of all. This initiative, announced after a meeting […]
In a move to bolster economic ties and explore investment opportunities, Deputy Prime Minister Sun Chanthol, who is also the First Vice Chairman of the Council for the Development of Cambodia (CDC), recently met with prominent Korean business leaders in Seoul. This session took place on the sidelines of the official state visit of Prime […]
Cambodian Prime Minister Hun Manet raised two initiatives to promote trade and investment of Korean investors in Cambodia. The premier spoke at the opening ceremony of the Cambodia-Republic of Korea Business Forum on 16 May 2024 in Seoul, South Korea. PM Hun Manet highlighted that Cambodia seamlessly connects investors to a vast market through a […]
Prime Minister Hun Manet reiterated that his government will support the private sector and that regulatory compliance is not a cat-and-mouse game, where the authorities wait for private sector entities to make a mistake. While addressing the May 9 official launch of the Cambodia Confederation of Investors Association (CCIA), Manet said the government will support […]
Cambodia exported goods worth $8 billion in the first four months this year, up 15.2 percent from $7.60 billion in the same period last year, data from the General Department of Customs and Excise (GDCE) showed on Friday. The Kingdom’s imports also rose by 9.3 percent to reach $8.66 billion during the January to April […]
Hem Vanndy, Minister of Industry, Science, Technology & Innovation (MISTI), on Friday met with representatives from Hainan Litree Purifying Technology Co., Ltd. to discuss the company’s interest in expanding its investment in Cambodia’s clean water sector. Cai Yunlong, Chief Executive Officer of Hainan Litree Purifying Technology, reported that the company established in 1992 is renowned […]
PHNOM PENH, April 10, 2024 – Minister Sok Soken led a pivotal meeting this week with the leadership of the Ministry of Tourism to strategize on integrating the “BUILD + 3Ds” initiatives into the Ministry’s long-term action plan. The session concentrated on structuring a three-year action plan (2025-2027), focusing on core objectives, indicators, and directives […]
PHNOM PENH, April 10, 2024 — Cambodia’s exports have seen a significant rise, reaching US$8,005 million in the first four months of this year, marking a 15.2 percent increase from the US$7,606 million recorded during the same period last year. This data was provided by the General Department of Customs and Excise. The report also […]
Cambodian Prime Minister Hun Manet stated that in the first four months of 2024, the Royal Government of Cambodia approved 128 new investment and expansion projects with a total investment of more than $2.5 billion, which will create more than 130,000 jobs. The premier spoke on Thursday (May 9) during an inauguration of the Cambodia […]
Cambodian Prime Minister Hun Manet vowed to attract new investors and establish an effective private sector problem-solving working group. He made this statement on Thursday (May 9) during an inauguration of Cambodia Confederation of Investors Association (CCIA) at Diamond Island Convention and Exhibition Centre. The premier continued that in order to attract more new investment, […]
Cambodia exported $2.35 billion worth of agricultural products in the first four months of this year, said a report from the Ministry of Agriculture, Forestry and Fisheries. Some 5.3 million tonnes of agricultural products have been exported during the period, a year-on-year increase of 74 percent, read the report. The main products Cambodia exported included […]