Market Update

Australia pledges to support Cambodian rice exports

Australia has assured Cambodia of continued support in developing its rice sector and helping local exporters find global markets. During the 7th Cambodia Rice Forum 2024 in Phnom Penh, Australian Ambassador Derek Yip highlighted ...

12th September 2024

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Market Update

Senate President Hun Sen urges South Korea to boost investment in Cambodia

Senate President Hun Sen has called on the South Korean government to encourage more Korean investors to explore opportunities in Cambodia, assuring them of protection ...

11th September 2024

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Market Update

Two new tyre plants approved in August following 3,500 jobs created

In August, the Council for the Development of Cambodia (CDC) approved two tyre manufacturing factories with a combined investment of $686 million, creating 3,459 jobs. These projects are part of a larger approval of 53 investments totaling ...

10th September 2024

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Market Update

Soft launch of electronic Know Your Business (e-KYB) system

The Techo Startup Centre, in collaboration with three government ministries, has launched the Electronic Know Your Business (e-KYB) system, designed to verify the identity, status, and legal compliance of enterprises. The e-KYB system streamlines business registration, tax compliance, ...

09th September 2024

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Market Update

Cambodia to complete 1,300-kilometre border road network in 10 years

Prime Minister Hun Manet announced that Cambodia has completed around 50% of its 2,660-kilometer border road network, with the remaining 1,300 kilometers expected to be finished within the next 10 years at a cost of $200 million. Speaking ...

06th September 2024

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Market Update

Japan loan $55 million USD for Phnom Penh city transmission and distribution system expansion

Japan will provide a loan of JPY 7,988 million (approximately $55 million USD) to Cambodia for the Phnom Penh City Transmission and Distribution System Expansion Project (Phase 2). The loan agreement will be signed by ...

05th September 2024

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Market Update

Cross-border insurance to be a reality soon for Cambodia

Cambodia is advancing towards implementing cross-border motor insurance for vehicles traveling between Cambodia, Vietnam, Thailand, and Laos, with the Insurance Association of Cambodia (IAC) playing a key role. The IAC is collaborating with the Insurance Regulator of Cambodia (IRC) and the General Department of Customs ...

04th September 2024

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Market Update

ADB approves $93.6M financing to support 'WASH' services in 400 Cambodian villages

The Asian Development Bank (ADB) has approved $93.6 million in loans and grants to enhance climate-resilient and inclusive rural water supply, sanitation, and hygiene (WASH) facilities for 88,000 households in 400 villages across nine Cambodian provinces. The program ...

03rd September 2024

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Market Update

Cambodia attracts $7.5 billion investments in new government's first year mandate

Cambodia attracted 391 fixed-asset investments worth $7.5 billion in the first year of the 7th Mandate of the new government, with China being the largest source of investment, according to the Council for the Development of Cambodia (CDC). The number of ...

02nd September 2024

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Market Update

Cambodia and South Korea launch cross-border QR code payments

Cambodia and South Korea have launched cross-border QR code payments, allowing citizens of both countries to use QR codes for transactions. The initiative enables payments through Cambodia's Bakong KHQR and South Korea's Jeonbuk Bank mobile ...

30th August 2024

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