Cambodia and Turkey aim for $1 billion trade
Cambodia and Turkey have committed to boosting bilateral trade to $1 billion annually and advancing plans for direct flights between Phnom Penh and Istanbul. The agreement was ...
31st May 2024
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Wholesale and trade sector surpasses pre-pandemic levels
Cambodia's wholesale and retail trade sector has not only recovered post-Covid but also surpassed pre-pandemic levels, driven by higher disposable incomes and a growing economy. In 2023, wholesale and retail trade reached 13,182 billion riels ...
30th May 2024
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CDC approves four new industrial projects in Kampong Speu
The Council for the Development of Cambodia (CDC) has approved four new industrial projects in Kampong Speu province, with a total investment of $25 million, creating over 1,200 jobs. Confirmed by Chea Vuthy, CDC Secretary General, and ...
29th May 2024
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Life insurance renewals increased by more than 70% in 2023
Cambodians' trust in insurance is evident as renewals drove the life insurance business with over 70% growth in 2023, despite the overall industry facing a slight decline of 0.5% due to banking turmoil linked to a real estate crisis. Renewals accounted ...
28th May 2024
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MoC and NBC urges Khmer Riel label on products
The Ministry of Commerce (MoC) and the National Bank of Cambodia (NBC) recently held a high-level meeting to strategize on promoting the use of the Khmer Riel, focusing on implementing price tag labeling in Khmer Riel. Co-chaired ...
27th May 2024
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Cambodian banks see slowest credit growth in two decades
According to the Annual Financial Stability Review report 2023 of the NBC, bank credit growth in Cambodia has reached its lowest in two decades, with household mortgage loans showing weak growth. The NBC noted that ...
23rd May 2024
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Dollarization remains high in Cambodia
According to the Annual Financial Stability Review (FSR) report 2023 of the NBC, dollarization within the economy remains high, while the share of local currency has slightly increased. Most bank loans are still in US dollars, but riel-backed loans are slow ...
21st May 2024
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Cambodia and South Korea to establish SEZ for Korean companies
Cambodia and South Korea are strengthening their economic partnership by establishing special economic zones (SEZ) for Korean companies in Cambodia. This initiative, announced after a meeting between Cambodian Prime Minister ...
20th May 2024
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PM Hun Manet highlights Cambodia-Korea trade and investment relations
Prime Minister Hun Manet announced that bilateral trade between the Republic of Korea and Cambodia reached approximately $751 million last year, with Korea's foreign direct investment (FDI) in Cambodia totaling ...
17th May 2024
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Cambodia's trade with RCEP countries surges to $11.19 billion in 1Q24
Cambodia earned over $3.36 billion from exports to Regional Comprehensive Economic Partnership (RCEP) members in 1Q24, up 16.2% from $2.89 billion in the same period in 2023. The Ministry of Commerce noted that imports ...
16th May 2024
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