Payment systems in Cambodia have seen remarkable strides in line with the evolution of financial technology (fintech) and significantly contribute to the development of the national economy, as digital transactions witness a Covid-19 boom, the National Bank of Cambodia (NBC) said in the 2020 annual report on the payment system. The central bank reported on […]
Read MoreVietnamese firms invested $545.9 million in overseas projects in the first four months of 2021, a year-on-year rise of 7.9-fold, according to Vietnam’s Ministry of Planning and Investment. Cambodia secured $89.1 million in these investments from Vietnam, ranking second in terms of the total investments announced for the first four months. There were 18 new […]
Read MoreNearly 20,000 domestic trips were made across the Kingdom in the first weekend after the government ended a lockdown in Phnom Penh and Kandal province’s Takmao town at the onset of May 6, Minister of Tourism Thong Khon said on May 10. Tourism ministry figures show that Cambodians and visitors made 19,492 and 217 domestic […]
Read MoreThe Cambodian government is formulating strategies and policies to counter challenges after preferential access for its exports are gradually reduced or as aid flows diminish. The news was relayed by Pich Rithi, secretary of state at the Ministry of Commerce, during a virtual seminar on the implications of less-development country graduation in the textile and […]
Read MoreMinister of Labour and Vocational Training Ith Sam Heng released a notification pertaining to the payment of wages and reopening requirements for factories located in Yellow Zones in Phnom Penh and Takmao city, Kandal province. In a letter, Sam Heng said factories must not require workers to be vaccinated to return to work. If cases […]
Read MoreThe Cambodian economy is expected to return to positive growth in 2021 after experiencing a contraction last year, the ASEAN+3 Macroeconomic Research Office (AMRO) said in a press statement. “Despite disruptions in domestic activity due to the recent lockdown, the Cambodian economy is projected to grow by 4 percent in 2021, led by a robust […]
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