Royal Academy of Cambodia economics researcher Ky Sereyvath said that international reserves – in terms of US dollar value – have doubled in the last decade or so, indicating…
They added that foreign direct investment inflows increased by four per cent, “mainly due to the garment and food processing sectors".
The Jan 11 report added that the average year-on-year inflation rate in 2022 stood at 5.3 per cent, compared to 2.9 per cent a year earlier, citing elevated fuel and food…
The head of the apex Cambodia trade body reminded that an China-Asean Expo will take place in September this year.
By some estimates, some 7.9 million people will be living in urban areas by 2030, up roughly five-sixths from 4.3 million in 2014.
Prime Minister Hun Sen recently revealed that he would visit the Maldives next month to discuss milled-rice sales as well as stepping up tourism ties.
“The Maldives is a rice-deficient country, so we want to forge links through tourism and milled rice exports," says Cambodia PM Hun Sen.
The overall growth cultivation in the country has continued to grow each year, creating new opportunities for export-oriented initiatives.
For reference, IMF data on December 19 showed the 2021 nominal GDP for Cambodia at $26.313 billion, whereas the World Bank cited $26.961 billion.
“The negative outlook reflects a deteriorating external position as illustrated by the severe widening of the current account deficit”, the New York City-based firm said.