Cambodia's exports of garments, footwear, and travel (GFT) goods increased by 15% from $10.99bn in 2021 to $12.63bn in 2022, according to the latest report on trade by the General Department of Customs and Excise (GDCE).
12th January 2023
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Cambodia's total merchandise exports reached $2.48bn in 2022, surging 16.4% YoY, narrowing its international trade deficit by 20.6% to $7.46bn, according to the General Department of Customs and Excise (GDCE).
11th January 2023
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The Council for the Development of Cambodia (CDC) approved $4.68bn worth of investment projects in 2022, up 7.5% over $4.36bn in 2021. The figures were revealed in a Jan 6 report issued by the CDC. The leading source markets were mainland China, Hong Kong, Macau, Taiwan, Japan, the Cayman Islands, Thailand, and Singapore, the report noted,
09th January 2023
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The market value of e-commerce in Cambodia is estimated to reach $1.1bn in 2022, $1.28bn in 2023, $1.50bn next year, and $1.78bn in 2025, thanks to the growing reach of the internet, better access to newer technologies, increasing digitalization, and rise in income levels.
05th January 2023
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National Social Assistance Fund (NSAF) was officially launched on Jan 1, 2023. NSAF has been created through the integration of the National Social Security Fund for Civil Servants, the National Veterans Fund and the Department of Social Welfare.
03rd January 2023
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Cambodia welcomed more than 1.9 million international visitors in the first 11 months of 2022, a 12-fold increase YoY. However, it is still down 67.6% compared to 5.9 million booked for the same period of record-breaking 2019, according to the Ministry of Tourism.
02nd January 2023
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Preliminary studies on three options for a mass transit railway system for Phnom Penh have been completed, and a report will be submitted to PM Hun Sen to decide which choice to move ahead with, according to the Minister of Public Works and Transport Sun Chanthol.
27th December 2022
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The Securities and Exchange Regulator of Cambodia (SERC) has launched the FinTech Regulatory Sandbox, an environment allowing firms to experiment with innovative financial products or services with real customers in a production environment, within a well-defined space and for a limited duration.
26th December 2022
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China's largest e-retailer Alibaba Group and Cambodia have announced the Electronic World Trade Platform (eWTP) partnership, which is expected to strengthen Cambodia's economic development and digital economy.
22nd December 2022
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Cambodia's garment sector has received a boost as some big Japanese garment companies are shifting their manufacturing and procurement bases from China to Cambodia and Vietnam due to rising costs and Chinese government's zero COVID-19 policy, according to the Council for the Development of Cambodia (CDC).
21st December 2022
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