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Cambodia's air transport policy targets 25 million passengers by 2035

The Cambodian government has approved the National Policy on Air Transport 2025-2035, aiming to attract 25 million air passengers by 2035. This policy seeks to enhance domestic, regional, and global air connectivity while fostering fair business opportunities in the civil aviation sector. The initiative aligns with Cambodia's broader goals of sustainable and resilient air transport development. According to the State Secretariat of Civil Aviation (SSCA), the goal for 2025 is to boost air passenger numbers to ...

07th April 2025

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Cambodia's air transport policy targets 25 million passengers by 2035
07th April 2025

Market Update

Angkor Sankranta Festival to revitalize tourism

The Angkor Sankranta festival, celebrated annually during Khmer New Year, serves as a cultural showcase and a strategic effort to rejuvenate Cambodia's tourism sector. With its rich array of activities, including traditional games, performances, and ceremonies at iconic locations ...

04th April 2025

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Angkor Sankranta Festival to revitalize tourism
04th April 2025

Market Update

Cambodia and Vietnam set sights on USD 20 billion trade target

Cambodia and Vietnam have reaffirmed their commitment to strengthening economic partnerships across key sectors, with a goal of achieving USD 20 billion in bilateral trade. The Business Dialogue 2025, hosted by the Vietnamese Embassy in Phnom Penh, served as a platform ...

03rd April 2025

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Cambodia and Vietnam set sights on USD 20 billion trade target
03rd April 2025

Market Update

Insurance sector's premiums show promising growth in early 2025

According to a report by the Insurance Regulator of Cambodia (IRC), the insurance sector recorded a gross premium of $72 million during the first two months of this year. This marks a 7.5% increase compared to the $67.38 million achieved in the same timeframe last year with general insurance seeing 8.7% and life insurance 4.9%. This surge reflects heightened awareness and demand for insurance products among ...

01st April 2025

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Insurance sector's premiums show promising growth in early 2025
01st April 2025

Market Update

Bakong transaction volume surpasses Cambodia's GDP by 300%

The Bakong blockchain-based payment system, launched by the National Bank of Cambodia, has achieved a transaction volume equivalent to 330% of the country's GDP in 2024. This innovative platform, often compared to a central bank digital currency, has revolutionized ...

31st March 2025

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Bakong transaction volume surpasses Cambodia's GDP by 300%
31st March 2025

Market Update

Cambodia's ambitious goal: Welcoming 1 million Chinese visitors by year-end

Cambodia is setting its sights on attracting one million Chinese tourists by the end of the year, a move aimed at revitalizing its tourism sector. The initiative is part of the "Cambodia-China Year of Tourism," which underscores the strong ties between the two nations. The country is ...

19th March 2025

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Cambodia's ambitious goal: Welcoming 1 million Chinese visitors by year-end
19th March 2025

Market Update

Cambodia's credit expansion reaches new heights

In 2024, Cambodia's total credit balance reached 236,429,266 million riels (approximately $59.1 billion), with 5.04 million borrowers. Phnom Penh, Kandal, and Siem Reap collectively accounted for about 60% of the total. Phnom Penh led with 119,021,947 million riels (50% of the total) ...

18th March 2025

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Cambodia's credit expansion reaches new heights
18th March 2025

Market Update

Cambodia secures $1.8 billion in concessional loans

The Cambodian government has signed concessional loan agreements totaling $1.8 billion with various development partners in 2024, reflecting a 2% increase from the previous year. Approximately 39% of the loans were secured through bilateral agreements, while 61% came from multilateral partners. The funds will primarily target infrastructure development, including roads, bridges, and energy projects, as well as education, healthcare, and clean water initiatives. By focusing on these priority areas, Cambodia ...

17th March 2025

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Cambodia secures $1.8 billion in concessional loans
17th March 2025

Market Update

Phnom Penh embarks on ambitious metro rail project

Phnom Penh has initiated steps toward realizing its long-awaited metro rail system, a transformative project aimed at modernizing the city's transportation infrastructure. The plan, which has been under discussion for years, envisions a network of urban rail lines to alleviate traffic ...

14th March 2025

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Phnom Penh embarks on ambitious metro rail project
14th March 2025

Market Update

Rice exports generate significant revenue for Cambodia

In the first two months of 2025, Cambodia's rice exports generated $420 million, showcasing the sector's robust performance. Milled rice in particular saw a rise of nearly 50% in terms of exported tonnage and 62% int terms of value while rice paddy exports saw a reduction of 20% in terms of export value at the same time. Fragrant rice, a premium product, remains the flagship export, catering to high-demand markets such as China, Europe, and regional neighbors. To capitalize on this success, efforts are ...

13th March 2025

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Rice exports generate significant revenue for Cambodia
13th March 2025
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