The Royal Government of Cambodia has decided to extend the tax exemption for tourism businesses in Phnom Penh, Sihanoukville and Siem Reap from July to September 2022. This is part of the Royal Government’s guidelines on additional measures to continue to manage the impact and support the recovery of the tourism sector. The Royal Government’s […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) trade pact and the Cambodia-China Free Trade Agreement (CCFTA) have given a boost to development of the fledgling e-commerce industry in Cambodia, experts said on Monday. Cambodia’s market value of e-commerce had surged to 970 million U.S. dollars in 2021, up 19 percent from $813 million in 2020, according […]
Read MoreVietnam sent the highest number of visitors to Cambodia in the first half of this year after its neighbor lifted all Covid restrictions, including pre-departure tests. There were 143,300 Vietnamese tourists visiting Cambodia during the January-June period, up more than 20 times year-on-year, according to statistics from the Cambodian Ministry of Tourism. The figure accounted […]
Read MoreTourism activity and domestic consumption in Cambodia showed signs of recovery in 2022, according to a report. In its ‘Cambodia Economic Update June 2022’ the World Bank said the travel and tourism industry in the country gradually recovered, underpinned initially by domestic travel and tourism after the relaxation of travel restrictions started in October 2021. […]
Read MoreThe construction sector is projected for recovery, driven by the influx of foreign investment, as the sector reached more than $1 billion in value in the first half of this year. The draft law on finance for the year 2023 stated that the construction sector is projected to continue to recover at a rate of […]
Read MoreTHE silk sector of Cambodia is ready to take off as it has started to provide competitive economic benefits to attract more investors for further development, while experts and people in the industry are appealing for more participation, a prominent Cambodian economist said. Cambodia’s silk sector has taken off from Mondulkiri province for about three […]
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