Market Update

RCEP trade with Cambodia reaches $26 billion in January-November

In the January-November period of 2021, Cambodia's trade with RCEP nations exceeded $26.5 billion, constituting 61% of the country's overall international trade, which stood at $43 billion. Throughout this ...

22nd December 2023

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Market Update

Bakong has reached ten million accounts

The Central Bank of Cambodia's digital currency, Bakong, has seen a significant adoption rate, with around 10 million accounts created since its launch in October 2020. This represents 60% of Cambodia's population, indicating ...

21st December 2023

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Market Update

Electrical machinery exports increase by 70%

In the initial 11 months of 2023, Cambodia witnessed a substantial increase in exports of electrical machinery, equipment, and related products, totaling nearly $3 billion. This marked a significant growth of 70% compared to the corresponding ...

20th December 2023

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Market Update

ITU approves 6GHz mobile use in Cambodia

Cambodia has received approval from the International Telecommunication Union (ITU) to utilize the 6GHz band for the expansion of mobile services. This approval was granted subsequent to the 2023 World Radiocommunication Conferences (WRC) held ...

19th December 2023

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Market Update

E-Arrival Card to increase traveler traffic

Cambodia's government is set to implement an "e-Arrival Card" system starting January 1, streamlining the entry procedures for both foreign visitors and Cambodian nationals. The Ministry of Interior has revealed that this initiative will ...

18th December 2023

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Market Update

GDT anticipates more than $4 billion in tax revenue in 2024

The General Department of Taxation (GDT) in Cambodia has set a target of $4.162 billion for 2024, representing a 20% increase from the current year. Despite economic uncertainties, the GDT achieved ...

15th December 2023

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Market Update

Cambodia intends to raise $100 million through government bond next year

According to the 2024 budget law, the government intends to generate funds amounting to $100 million next year through the issuance of government bonds to finance public investments. The funds will ...

14th December 2023

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Market Update

Leaders of Vietnam and Cambodia promise $20 billion in trade

Leaders of Cambodia and Vietnam have pledged to boost bilateral trade to $20 billion in the coming year, despite economic uncertainties. This commitment is grounded in the strong political and economic ties between the two ...

13th December 2023

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Market Update

Trade deficit narrows as exports marginally rise

In the first 11 months of 2023, Cambodia experienced a modest uptick in its export figures, surpassing $20 billion, indicating a slight growth (+1.2%) compared to the previous year. Notably, the country's trade deficit contracted from over $3 billion ...

12th December 2023

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Market Update

NBC encourages green finance

The National Bank of Cambodia (NBC) and the UN Economic and Social Commission for Asia and the Pacific (UNESCAP) have signed an MoU to promote sustainable finance in Cambodia, aligning with the government's Pentagonal ...

11th December 2023

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