Market Update

Cambodia expects to graduate from Least Developed Country (LDC) status in 2029

Cambodia is expected to achieve graduation from its Least Developed Country (LDC) status by 2029, extending beyond the initial target of 2027. Minister of Planning Bin Trachhey revealed plans for the country's second ...

10th April 2024

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Market Update

Construction investments increase despite number of projects drop in 2023

According to a report issued by the Ministry of Economy and Finance (MEF) and the Ministry of Land Management, Urban Planning and Construction issued construction permits to 3,207 projects in 2023, a 25% YoY decrease. However, construction ...

09th April 2024

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Market Update

Cambodia generates $123.6 million in revenue from rice exports in 1Q24

According to the Cambodia Rice Federation (CRF), Cambodia's milled rice exports in the first quarter of 2024 reached 166,451 tons, declining by 5.7% compared to the same period in the previous year. Revenue from these exports ...

08th April 2024

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Economy & Industry

CDC approves 106 new projects with an investment amount of $2.2 billion

During the first quarter of 2024, the Council for the Development of Cambodia (CDC) approved 106 new projects and production expansion, amounting to a total investment of $2.2 billion and the creation of over 107,000 ...

05th April 2024

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Market Update

Thai delegation explores investment opportunities in Kratie Province

Thailand's ambassador to Cambodia, Chheut Kiet, led a delegation compromising over 20 representatives from Thai private firms to visit Kratie province in Cambodia to assess investment prospects in the industrial sector. The delegation, along ...

04th April 2024

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Market Update

Cambodia spearheads ASEAN economic integration at Business Summit 2024

In a speech given at the Cambodia-ASEAN business summit, PM Hun Manet reaffirms Cambodia's commitment to play a bigger role in strengthening the economic integration of ASEAN as the country is expected to have the highest ...

03rd April 2024

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Market Update

World Bank forecasts strong GDP growth for Cambodia and the Philippines

The World Bank released its latest economic update for East Asia and the Pacific region, forecasting both Cambodia and the Philippines as the fastest-growing developing economies in SEA with each country's GDP expanding ...

02nd April 2024

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Market Update

Cambodia-ASEAN Business Summit 2024 set to drive regional economic growth

The Cambodia-ASEAN Business Summit 2024, scheduled from April 1-2 at Sofitel Phnom Penh Phokeethra, will assemble key stakeholders to delve into ASEAN's burgeoning connectivity, technological advancements, and inclusive ...

01st April 2024

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Market Update

Surge in motor insurance in Cambodia

Motor insurance in Cambodia surged in 2023, reaching $24 million in gross premiums, a 26% increase from 2020. This growth reflects heightened awareness of insurance needs and benefits. Suy Channtharong, CEO of Forte Insurance Cambodia, credits strategic ...

29th March 2024

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Market Update

Laos-China railway explores railway cooperation with Cambodia

Laos-China Railway Co. LTD (LCRC) has received approval from the Cambodian government for potential collaboration in developing Cambodia's railway network to establish a high-speed railway connection between Cambodia and Laos. During a meeting ...

28th March 2024

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