Market Update

Cambodia sees rapid growth in Electric Vehicle adoption

Cambodia recorded a substantial increase in electric vehicle (EV) adoption, registering 604 new EVs in 2023, bringing the total to 1,335 in the country. The Ministry of Public Works and Transport's report highlighted the growing momentum of EVs in Cambodia ...

04th March 2024

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Market Update

NBC and BNM sign MoU to enhance digital payment systems and financial innovation

Cambodia's National Bank of Cambodia (NBC) and Malaysia's Bank Negara Malaysia (BNM) have signed a memorandum of understanding (MoU) to strengthen digital innovation and payment systems. The deal is expected ...

01st March 2024

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Market Update

Cambodia's Jan exports to China tops $120M

In January 2024, Cambodia achieved over $120 million in exports to China, representing a remarkable 50% surge compared to January 2023. The General Department of Customs and Excise (GDCE) reports that China remains Cambodia's largest import-export partner, with ...

29th February 2024

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Market Update

Cambodia ranks 10th among rice producing countries

According to the Cambodia Rice Federation (CRF), Cambodia has secured the 10th position among the world's largest rice producers, excelling in both domestic consumption and export. Chan Sokheang, CRF's president, highlighted the country's significant ...

28th February 2024

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Market Update

Investor interest rising in Preah Sihanouk as companies apply for incentive program

Several companies have submitted applications for construction investment projects in Preah Sihanouk province under the government's special incentive program for 2024. The applications are currently under review ...

27th February 2024

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Market Update

Funan Techo Canal: Advancing Cambodia's economic expansion

The Funan Techo Canal - a $1.7 billion canal network connecting major rivers and waterways - stretches over 180km from the Mekong River to the Kep waterway of Prek Ta Hing. With the groundbreaking ceremony expected in Q4 2024, the project signifies ...

26th February 2024

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Market Update

PM prioritizes MSME growth

Prime Minister Hun Manet underscored the pivotal role of micro, small, and medium enterprises (MSMEs) as the driving force behind Cambodia's national economy. Addressing the official inauguration of the 'Techo Sen' building and the 2023 Annual Meeting closing ceremony, the ...

23rd February 2024

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Market Update

Cambodia's GDP likely to reach $35B by this year

According to a senior official from the Ministry of Economy and Finance (MEF), Cambodia's GDP could reach $35 billion dollars (143 trillion riels) this year. MEF's Secretary of State H.E. Phan Phalla expects the GDP per capita ...

22nd February 2024

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Market Update

Exports of milled rice increased by 25% in January

Cambodia exported 46,221 tonnes of milled rice in January 2024, marking a 25.2% increase from the 36,900 tonnes exported in the same period last year, according to the Cambodia Rice Federation. The country earned a total revenue of $32.6 million ...

12th February 2024

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Market Update

Trade between Cambodia and RCEP members reaches almost $30 billion in 2023

In 2023, Cambodia's trade with the 14 other nations in the Regional Comprehensive Economic Partnership (RCEP) totaled nearly $30 billion. Exports to these countries amounted to $8.172 billion, marking a increase of over ...

09th February 2024

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