Spanish Secretary of State for Trade H.E. Ms. Maria Amparo Lopez Senovilla responds positively to Cambodia’s ‘door-knocking’ mission to bring in more investments from Europe. H.E. Sun Chanthol, Cambodia’s Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC) received a positive response when leading a delegation to meet […]
Cambodia’s insurance sector continued to expand, but at a slower pace, with the total premium reaching $96.5 million in the January-March period this year. The premiums went up nine percent year-on-year, a report by the Insurance Regulator of Cambodia (IRC) said yesterday. Cambodia’s insurance market comprises 18 general insurers, 14 life insurers, seven micro-insurance companies, […]
Cambodia on Monday proposed Spain to consider entering into a bilateral treaty aimed at facilitating investment and strengthen business interaction. Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) told Maria Amparo López Senovilla, Secretary of State of the Ministry of Economy and Competitiveness (MINECO) of Spain […]
In May 2024, the Council for the Development of Cambodia (CDC) approved 24 new projects and one production expansion project with a total investment of more than $246 million, creating about 15,000 jobs. According to a press release issued by the CDC on June 10, of the 25 investment projects, 17 are located outside the […]
Cambodia exported 667,000 tonnes of raw cashew nuts to Việt Nam in the first five months of this year, an increase of 37 per cent over the same period last year, reaching a revenue of $851 million. The Voice of Việt Nam (VOV) online newspaper quoted the chairman of the Cashew Nut Association of Cambodia, […]
Cambodia’s car tire exports have witnessed a remarkable surge in the first five months of 2024, according to data released by the Ministry of Commerce. The country exported a staggering $308 million worth of car tires, reflecting a significant 204 percent increase compared to the $101 million recorded during the same period last year, a […]
Cambodian banks might see growth of around 10 percent in 2024, said bankers. Industry insiders say that the banking growth of the past of 20 percent is no longer possible. “Given it’s relatively large base, growth numbers going forward should be around 10 percent or around two times of GDP growth rate, reflecting the level […]
Phnom Penh, June 11, 2024: The Council for the Development of Cambodia sanctioned 24 new investment projects and one expansion in May 2024, channeling more than $246 million into the economy and potentially creating approximately 15,000 jobs, as announced in a June 10 press release. Among these, 17 projects are situated outside special economic zones […]
The Council for the Development of Cambodia (CDC) approved 153 projects worth approximately $2.75 billion in the first five months of 2024, reaching over 55 percent of the total investment capital in 2023 which recorded $4.92 billion. The CDC’s latest report showed that it okayed 24 new projects and one expansion project with investment capital […]
Despite the partial loss of preferential trade tariffs under the Everything But Arms (EBA) scheme, Cambodia’s trade with the European Union (EU) continues to surge, with exports to the bloc recording $1.56 billion in the first five months of 2024. According to a report from the Ministry of Commerce, Cambodia’s exports to the EU during […]
In the first four months of 2024, more than 2 million air passengers passed through international airports, said a senior official of the State Secretariat of Civil Aviation (SSCA). Mao Havannal, Minister in Charge of State Secretariat of Civil Aviation, divulged this during an inspection visit to under-construction Techo International Airport late last week. “The […]
PHNOM PENH, June 7, 2024 – Mr. Kelvin K. Mo, head of the Cambodian Chamber of Commerce in Montreal, led a Canadian delegation to Phnom Penh to explore investment opportunities in Cambodia. The group was hosted by the Council for the Development of Cambodia (CDC) on June 5. Nut Unvoanra, Deputy Secretary General of the […]
Cambodia exported $4.969 billion worth of garments, footwear and travel goods (GFTs) in the first five months of 2024, up 20 percent from $4,129 million over the same period last year, said a Ministry of Commerce’s report released on Sunday. The report said apparel and textiles accounted for $3.628 billion during the January-May period this […]
Minister of Tourism Sok Soken visited the Siem Reap Provincial Department of Tourism on Saturday and discussed crucial aspects of the master plan for Tourism Development in Siem Reap Province 2021-2035. The Tourism Master Plan was launched back in October 2021 for the years up to 2035. The main aim of the strategy was to […]
Expanding market, increasing production capacity and high quality standards will help Cambodia to achieve its one million tonne milled rice export target by 2025, said Cambodia Rice Federation President Chan Sokheang. With the export strategy focused on market expansion, raising production and storage capacity and elevating rice quality standards, the ambitious target of a million-tonne […]
Cambodia’s aviation industry continues its strong rebound, with 2 million passengers passing through its international airports this year’s first five months. This figure marks a significant increase of 25 percent compared to the same period in 2023. “The figures are a testament to the recovery of Cambodia’s aviation industry from the Covid-19 pandemic and proudly […]