Preah Sihanouk province will soon become a multi-purpose special economic zone and potentially the industrial hub of Cambodia, according to a senior official from the Ministry of Economy and Finance. Speaking at the Public Forum on Macroeconomic Management and Budget Law 2020, Vongsey Vissoth, permanent secretary of state of the Ministry of Economy and Finance, […]
Read MoreMondulkiri province has been flagged for transformation into the biggest agro- and eco-tourism destination in Cambodia, according to the Ministry of Economy and Finance. A feasibility study includes upgrading an airport for the capital, Sen Monorom, for domestic and international destinations. Mondulkiri is Cambodia’s biggest and most sparsely populated province, measuring more than 14,000 square […]
Read MoreThe Ministry of Commerce has launched Go4eCam, a pilot project that aims to realise the benefit of e-commerce for the nation’s small and medium-sized enterprises (SMEs), a sector that is currently playing an important role in the country’s economic growth. The project costs approximately $2.5 million for three months and is slated to begin implementation […]
Read MoreCambodia’s government is hoping to retain its preferential trade status with the UK after it left the European Union. Currently the Kingdom benefits from a preferential trade deal with the EU known as Everything but Arms (EBA) but there are fears this will be withdrawn later this month amid allegations of human rights breaches. Although […]
Read MoreAs of 2019, Cambodia has in total 54 Special Economic Zones, according to the Council for the Development of Cambodia. In 2019, the exports from Cambodia’s Special Economic Zones were US$2,688 million, up 27 percent compared to 2018, continued the source. Specifically for Phnom Penh Special Economic Zone encompassing 353 hectares of land surface, it […]
Read MoreThe share of riel in circulation in the Kingdom grew by about 33 per cent year-on-year by last year’s end as deposits in riel increased by 37 per cent, said the National Bank of Cambodia (NBC) 2019 Review and 2020 Outlook report. The report noted a steady rise in demand for the local currency, with […]
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