FDI in Cambodia increases by 9% in Q1
PHNOM PENH: Foreign direct investment (FDI) in Cambodia amounted to 185.7 trillion Riel (Cambodian currency roughly US$45.8 billion), as of the first quarter of 2023, according to the National Bank…
Where to invest in Cambodia in 2023?
PHNOM PENH: Garment manufacturing, tourism, agriculture, and construction are considered the main engines of growth. The priorities of middle-class consumers, such as health and education are creating opportunities for investors.…
CDC approves $1.1 billion worth investment projects in first half 2023
PHNOM PENH: The Council for the Development of Cambodia (CDC) has approved 113 investment projects and investment expansion projects in the first half of 2023, with a total investment capital…
Cambodia’s international trade tops $23 billion in H1
PHNOM PENH: Cambodia’s international trade amounted to $23.69 billion in the first six months of this year, a 13 percent decrease compared to the same period last year, the General…
Remittances from Cambodian workers abroad estimated at 4.2 percent of GDP last year
PHNOM PENH: Cambodia's inflows of remittances from workers abroad were the third-highest in Southeast Asia after the Philippines and Vietnam as a share of gross domestic product (GDP) last year,…
Cambodia aims to export 1 million tons of milled rice by 2025
PHNOM PENH: The Cambodian Rice Federation (CRF) is working to boost the country's milled rice exports to 1 million tons by 2025. Oknha Chan Sokheang, president of the CRF, said…
Building for Growth: Cambodia’s construction sector sees 138% investment increase
PHNOM PENH: Cambodia currently boasts over 2,500 high-rise buildings with 5 stories or more, with more than 50 buildings reaching 40 stories or higher. According to a senior official at…
Cambodia’s major cities considered as a member of TPO
PHNOM PENH: Cambodia's major cities including Phnom Penh, Sihanoukville, Siem Reap, and Battambang cities are considered and evaluated to become members of the Tourism Promotion Organisation for Asian-Pacific Cities (TPO).…
Cambodia and China trade surpasses $5B in five months
PHNOM PENH: According to the Ministry of Commerce, the total value of bilateral trade between Cambodia and China reached over $5 billion in the first five months of 2023. Cambodia’s…
Cambodian PM predicts 5.6 percent economic growth in 2023
PHNOM PENH: During a get-together with nearly 20,000 garment factory workers, Cambodian Prime Minister Samdech Techo Hun Sen announced that the country’s economy is predicted to achieve a growth rate…
Cambodia, UAE sign CEPA to boost bilateral trade and investment
PHNOM PENH: Cambodia yesterday signed the Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE) aiming to boost their bilateral trade and investment activities. The signing ceremony took…