Market Update

Foreign visitor numbers are soaring in the first ten months of 2023

Cambodia has experienced a significant surge in foreign tourist arrivals during the first ten months of 2023, with over 4.4 million visitors, marking a remarkable 179.7% increase from the same period in 2022. The majority of these travelers ...

Cambodia has experienced a sig...

December 1, 2023

Market Update

First LNG gas-fired power plant to be constructed in Cambodia

Cambodia is embarking on the construction of its inaugural gas-fired power station at Botum Sakor, following the cancellation of a 700 MW coal power plant project in Koh Kong. This new gas-fired facility is intended to replace the previousl ...

Cambodia is embarking on the c...

November 30, 2023

Market Update

ADB approves a $50 million loan to enhance Cambodia's fiscal oversight

Asian Development Bank (ADB) announced the approval of a $50-million policy-based loan to assist Cambodia in enhancing its public financial management (PFM) systems. The regional development bank, ...

Asian Development Bank (ADB) a...

November 29, 2023

Market Update

PM Hun Manet reiterates that 5.6% growth is expected in Cambodia this year

Cambodia's Prime Minister Hun Manet has maintained the economic growth prediction at 5.6% for 2023 and increased it to 6.6% for 2024. The Southeast Asian nation's economy is primarily driven by exports of garments, footwear, and ...

Cambodia's Prime Minister Hun ...

November 24, 2023

Market Update

World Bank approves $163 million for Cambodia's clean water and sanitation projects

The World Bank has approved a $163 million project to support Cambodia's efforts in improving water supply and sanitation services in four provinces, benefiting over 175,000 people. The project aims to contribute ...

The World Bank has approved a ...

November 23, 2023

Market Update

$100M in loans and new agriculture policies announced

Cambodia's Prime Minister Hun Manet has initiated the 5th and 6th Priority Policy Programmes, infusing $100 million in loans to bolster the agriculture sector. These programs center on enhancing agricultural production, expanding market reach, ensuring ...

Cambodia's Prime Minister Hun ...

November 22, 2023

Market Update

Real salaries in Cambodia are expected to rise by 2.2% in 2024

The latest Salary Trends Report by ECA International forecasts a 2.2% growth in Cambodia's real salaries for the upcoming year. In comparison, Indonesia leads the ASEAN region with a 4.3% increase in real salary. The Asia-Pacific region ...

The latest Salary Trends Repor...

November 21, 2023

Market Update

Cambodia is planning to build two more airports

Cambodia is set to construct two additional airports, located in Mondulkiri and Koh Rong, to bolster connectivity with global tourism hubs, aligning with the nation's tourism strategy. The Techo International Airport, a $1.5 billion initiative led ...

Cambodia is set to construct t...

November 20, 2023

Market Update

4.11 million people flew in Cambodia in the first ten months

Cambodia registered 4.11 million air travelers in the first 10 months of 2023, a 144% increase from the previous year, according to Mao Havannall, the minister in charge of the State Secretariat of Civil Aviation. The country has direct ...

Cambodia registered 4.11 milli...

November 17, 2023

Market Update

Almost 700 trusts with $1.22 billion in registration

Cambodia has seen a significant increase in trusts, with 683 trusts registered with an investment fund of $1.22 billion as of November 14, according to Director General Sok Dara. The trust sector's growth is attributed to foreign investors' confidence ...

Cambodia has seen a significan...

November 16, 2023