The Cambodian Ministry of Tourism confirmed it does not require tourists to show $1,000 to $2,000 in cash upon entering the country. The clarification comes after a number of airline employees asked tourists to show they had $1,000 or $2,000…
The Covid-19 pandemic has had an unprecedented impact on Cambodia’s tourism sector however, it was handled well with the proactive efforts of the government and the timely introduction of socio-economic development policies, a top tourism official has said. Speaking at…
You want to expand to a new market. But how? Which products should you export? What is your target market? A market entry strategy is where you spell out such all-important specifics. It outlines your business goals, an overview of…
The World Bank says Cambodia has one of the fastest increases in financial inclusion among developing economies in East Asia and the Pacific. In the latest Global Findex Database released in Washington Wednesday, the bank said 76 percent of people…
Prior to the Covid-19 pandemic, Cambodia was a world leader in economic growth and poverty reduction. It sustained an average growth rate of 7.7% between 1995 and 2019, raising its per capita income from $323 in 1995 to $1,621 in 2019, and…
Business leaders in Cambodia say there are plenty of opportunities for growth this year due to increased online transactions, the opportunity to collect and monetise the data gleaned from a growing digital economy, incentives provided by the new investment law,…
On June 9, 2021, Cambodian Prime Minister Hun Sen signed a sub-decree that will make Sihanoukville province a multi-purpose SEZ. The designation stands to give Sihanoukville province more latitude in structuring development initiatives and investment incentives into a wider array…
Estimated value of Cambodia’s agricultural exports (excluding fishery products, animal and forest products and rubber wood) to an estimated 68 countries in the first 10 months of 2021 was valued at more than $4billion. According to a report from Veng…
Cambodia has an opportunity to attract foreign investment (FDI) if it identifies its strengths and aggressively recruits investors, a United States-based international trade expert said during a webinar hosted by the US embassy. James Loi, partner and chief operating officer…
With its fast developing nature, Cambodia is speedily moving to be a choice location for expats and travelers all over the world, also with a booming economy the desire to holiday in Cambodia is gaining interest among many. Owning real…