Foreign direct investment (FDI) inflows in Cambodia increased by 41.6% in the first half of 2023 compared to the same period in 2022. The Council of Ministers' plenary session on September 20 highlighted the positive FDI, expected to see the ...
22nd September 2023
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The Asian Development Bank (ADB) has revised Cambodia's GDP forecast to 5.3% in the Asian Development Outlook (ADO) September 2023 from 5.5% in the ODA April 2023. The report shows that Cambodia's exports of garments, footwear, and travel ...
21st September 2023
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Cambodian Prime Minister Hun Manet has requested the Ministry of Mines and Energy to lower electricity tariffs in the manufacturing sector to boost production amid a global and regional economic slowdown. He emphasized the private sector's critical role in supporting ...
20th September 2023
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The ASEAN+3 Macroeconomic Research Office (AMRO) has revised Cambodia's GDP growth to 5.3% for 2023, citing recovery in tourism, non-garment manufacturing, and domestic economic activities. The revised figure was revealed ...
19th September 2023
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Guangxi province and Cambodia's strategic locations have become gateways for ASEAN trade and cooperation. ASEAN markets accounted for 47.6% of Guangxi's foreign trade value in 2021, highlighting the importance of close economic ties between the two ...
18th September 2023
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The Cambodian government has allocated over $500 million to improve National Road 5 and bridges to reduce costs and congestion of transporting goods and services from Prek Kdam to the Poipet border. The plan was revealed by ...
15th September 2023
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Deposits in riel with deposit-taking corporations have grown faster than those in foreign currencies in the first half of 2023, particularly the US dollar. The riel deposit has risen 31.5% to 19.1 trillion riel, or $4.65 billion, compared to the same period ...
14th September 2023
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Cambodia's General Department of Taxation (GDT) has collected 64% of the budget plan for 2023 in the first seven months of this year, indicating that the collection will exceed the target by the end of the year. GDT Director General Kong Vibol said that ...
13th September 2023
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Cambodia has 24 special economic zones (SEZs) operating since 2016 with capital investment of $8.1 billion, mainly in sectors like garment, footwear, travel products, auto parts, electronics, car tyre manufacturing, automotive, and bicycle assembly. The Council ...
12th September 2023
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Cambodia exported $15.7 billion in the first eight months of 2023, a slight increase of 0.3% from the same period last year. The country's export to China surged by 16.8% to $940 million during January-August, from $804.6 million in the same period ...
11th September 2023
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