Market Update

In ten months, Cambodia's exports to other RCEP members increased significantly

Cambodia's exports to Regional Comprehensive Economic Partnership (RCEP) member countries surged to $6.45 billion in the first ten months of 2023, marking a 26.5% increase from the same period in the previous year, as reported by the Ministry ...

06th December 2023

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Market Update

EV registrations increase to 1,162 as of Sep 2023

As of September 2023, the Ministry of Public Works and Transport (MPWT) reports a surge in registered electric vehicles (EVs) in Cambodia, reaching a total of 1,162. This increase is linked to a growing awareness of carbon emissions. The Cambodian ...

05th December 2023

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Market Update

From January to November, Cambodia's agricultural exports bring in almost $4 billion

In the first 11 months this year, Cambodia recorded the exportation of 7.3 million tonnes of agricultural products, resulting in a revenue of nearly $4.2 billion, as indicated by the report from the Ministry of ...

04th December 2023

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Market Update

Foreign visitor numbers are soaring in the first ten months of 2023

Cambodia has experienced a significant surge in foreign tourist arrivals during the first ten months of 2023, with over 4.4 million visitors, marking a remarkable 179.7% increase from the same period in 2022. The majority of these travelers ...

01st December 2023

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Market Update

First LNG gas-fired power plant to be constructed in Cambodia

Cambodia is embarking on the construction of its inaugural gas-fired power station at Botum Sakor, following the cancellation of a 700 MW coal power plant project in Koh Kong. This new gas-fired facility is intended to replace the previousl ...

30th November 2023

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Market Update

ADB approves a $50 million loan to enhance Cambodia's fiscal oversight

Asian Development Bank (ADB) announced the approval of a $50-million policy-based loan to assist Cambodia in enhancing its public financial management (PFM) systems. The regional development bank, ...

29th November 2023

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Market Update

PM Hun Manet reiterates that 5.6% growth is expected in Cambodia this year

Cambodia's Prime Minister Hun Manet has maintained the economic growth prediction at 5.6% for 2023 and increased it to 6.6% for 2024. The Southeast Asian nation's economy is primarily driven by exports of garments, footwear, and ...

24th November 2023

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Market Update

World Bank approves $163 million for Cambodia's clean water and sanitation projects

The World Bank has approved a $163 million project to support Cambodia's efforts in improving water supply and sanitation services in four provinces, benefiting over 175,000 people. The project aims to contribute ...

23rd November 2023

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Market Update

$100M in loans and new agriculture policies announced

Cambodia's Prime Minister Hun Manet has initiated the 5th and 6th Priority Policy Programmes, infusing $100 million in loans to bolster the agriculture sector. These programs center on enhancing agricultural production, expanding market reach, ensuring ...

22nd November 2023

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Market Update

Real salaries in Cambodia are expected to rise by 2.2% in 2024

The latest Salary Trends Report by ECA International forecasts a 2.2% growth in Cambodia's real salaries for the upcoming year. In comparison, Indonesia leads the ASEAN region with a 4.3% increase in real salary. The Asia-Pacific region ...

21st November 2023

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