The effective COVID-19 control measures and Free Trade Agreements (FTA) have helped drive Cambodia’s international trade volume during the first quarter of 2022, officials said on Monday. Cambodia’s international trade reached $13.1 billion during the January-March period this year, up 9.1 percent compared to the same period last year, according to the General Department of […]
Read MoreThe Kingdom’s export surged 25.7 percent to $5,716 million in the first three months of the year, compared to the same period last year, according to the General Department of Customs and Excise. The report stated that the US is the biggest market for Cambodia’s export, accounting for 37.6 percent of total exports, or $2,150 […]
Read MoreASEAN+3 Macroeconomic Research Office (AMRO)’s annual Regional Economic Outlook predicts 6.1 percent GDP growth for Cambodia in 2023 The reopening of the economy and tourism recovery is expected to help Cambodia register stronger growth in 2023, according to the ASEAN+3 Macroeconomic Research Office (AMRO)’s annual Regional Economic Outlook. Cambodia, which posted a GDP growth of […]
Read MoreCambodia has officially delayed its planned implementation of capital gains tax to January 1, 2024, through Notification 4577 issued by the General Department of Taxation (GDT). The decision is in support of the government’s new vision to foster post-pandemic economic growth through the ‘Strategic Framework and Programs for Economic Recovery in the Context of Living […]
Read MoreCambodia counted nearly 4.6 million domestic tourists over this year’s three-day public holiday for the Khmer New Year, including 4.5 million Cambodians and nearly 30,000 foreign residents – a number which officials have said is similar to that seen pre-pandemic. Minister of Tourism Thong Khon said that a total of 4,590,326 sightseers were recorded across […]
Read MoreAccording to market analysts Inkwood Research, the Asia Pacific alcoholic spirits market is anticipated to grow considerably at a compound annual growth rate of 4.16 percent between 2020 and 2028, and is projected to bring in more than 2.7 billion in revenue by year end. Across developing Asia, increasingly affluent millennials are opting to spend […]
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