Guizhou’s Technological Transformation Inspires Partnerships with Cambodian SMEs
On January 16, 2025, Minister HEM Vanndy received a business delegation from the Guizhou Internet Association at the Ministry of Industry, Science, Technology & Innovation (MISTI) to discuss advancing technological innovation tailored to the needs of Cambodia’s small and medium enterprises.During the meeting, Mr. Yu Junfang, President of the Guizhou Internet Association, highlighted Guizhou’s transformation into a leader in China’s digital economy. Once considered a lagging region, Guizhou has become a hub of innovation within a decade, leveraging AI and 5G technologies to modernize its industries and local economy.The delegation, comprising a diverse technology companies, proposed applying their expertise to tailor solutions for Cambodia’s industries, showcasing successful projects in tourism, medical technology, and digital economy platforms.“We would like to organize a business-matching event connecting Chinese technology firms with Cambodian SMEs to foster knowledge transfer and partnerships,” Mr. Yu Junfang said, adding that the association planned to jointly launch tech initiatives with Cambodia during Cambodia’s 3rd National STI Day scheduled for March 26, 2025.Minister Vanndy commended Guizhou’s success as an inspiring model, emphasizing its relevance to Cambodia’s socio-economic ambitions as it prepares to graduate from least developed country (LDC) status in 2029.He emphasized that Cambodia is working to diversify its economy and enhance productivity by equipping local industries with advanced technologies, taking advantage of its youthful demographic and aligning with the government's focus on technological innovation.The Minister also expressed strong support for targeting small and medium-sized Chinese tech companies that could adapt solutions to Cambodian contexts. He assured the delegation of Cambodia’s commitment to fostering an enabling environment for partnerships, driven by a young and dynamic government keen on building and connecting a robust innovation ecosystem between the two countries.
Some US$238 Million Allocated to Support Rice Sector in Almost a Decade
Phnom Penh, January 16, 2025 --The Royal Government has so far allocated about US$238 million via the Agricultural and Rural Development Bank (ARDB) to support the rice sector development and maintain the rice price stability.The figure was shared by H.E. Kao Thach, Director General of ARDB, at a press conference on the “Rice Price and Dry-Season Rice Harvest,” held here at the Office of the Council of Ministers on the afternoon of Jan. 15.Of the total amount, he added, some US$208 million was allocated between September 2016 and March 2024, while US$30 million on Jan. 15, 2025.This special fund is part of the Royal Government’s intervention to solve the challenges faced by rice farmers across the country.Concerning the rice prices, H.E. Dith Tina, Minister of Agriculture, Forestry and Fisheries, told the press conference that not all rice varieties face the falling prices. The price of fragrant rice remains high, i.e. 1,350 Riel (1 U.S. dollar equals to 4,000 Riel) per kilogramme, but that of non-fragrant rice such as OM is dropping rapidly, he said.Before the end of 2024, H.E. Minister pointed out, the OM rice variety could be sold at over 1,200 Riel per kilogramme on average, but the price keeps falling to 1,000 Riel or even 800 Riel in January.Neighbouring Vietnam is experiencing the same problem, he said, adding that the price of OM rice has dropped by 30 percent from US$660 to US$430 per tonne.H.E. Dith Tina thus called on farmers to join modern agricultural communities that can help them access low-interest loans and wider market.
Cambodian Businesses Encouraged to Join Canton Fair in China
Phnom Penh, January 16, 2025 --The Cambodian Chamber of Commerce, in collaboration with the China Foreign Trade Centre, organised a press conference here on Jan. 15 on the 137th China Import and Export Fair, aiming to provide information and to encourage Cambodian businessmen to participate in the fair.The event was held under the chairmanship of H.E. Buon Sarakmony, Secretary of State at the Ministry of Commerce with participation from representatives of the Embassy of the People’s Republic of China in Cambodia, private sector leaders, companies, and enterprises.The China Import and Export Fair (Canton Fair) is China’s largest international trade fair and is considered one of the most important trade fairs in the world.Speaking at the conference, Mr. Nguon Meng Tech, Director General of the Cambodian Chamber of Commerce, highlighted the importance of the Canton Fair and encouraged Cambodian businessmen to participate in the event, which is a valuable platform for Cambodian businessmen to showcase their products and services with potential partners from around the world.The press conference is a good opportunity for Cambodian companies to receive full information from the exhibition organisers directly and to inquire in detail about the products and services of the China Import and Export Fair, he said.On that occasion, H.E. Buon Sarakmony delivered a speech emphasising the significance of international trade fairs, particularly the 137th China Import and Export Fair, in enhancing Cambodia’s global trade engagement.He highlighted the crucial contribution of international exhibitions to strengthening Cambodia’s trade partnerships, expanding business opportunities, and fostering economic growth through deeper international cooperation.The Canton Fair is a biannual event, held in April and October every year.
Cambodia Attends Another SCC Strategic Development Plan Discussion
Phnom Penh, January 16, 2025 --Cambodia has attended the 9th Ad Hoc Working Group Meeting on the ASEAN Socio-Cultural Community (SCC) Strategic Development Plan after 2025 in Bangkok, Thailand.Taking place on Jan. 14, the participants of the meeting included ASEAN SCC senior officials, the ASEAN deputy secretary-general in charge of the ASEAN SCC, representatives of SCC to ASEAN, the ASEAN SCC senior official of Timor-Leste, members of the ad hoc working group, and other relevant delegates.The Cambodian delegation joining the gathering was led by H.E. Dr. Dy Khamboly, ASEAN SCC senior official of Cambodia.The meeting aimed mainly to discuss and provide additional input on the first draft of the ASEAN Socio-Cultural Community (SCC) Strategic Development Plan after 2025.For the next step, the ASEAN Socio-Cultural Community Strategic Development Plan after 2025 will be submitted for the review and enforcement by the high-level task force of the ASEAN vision (HLTF-ACV).
Employment and Investment Growth in 2024 Reflect Cambodia’s Political and Economic Stability
Phnom Penh, January 15, 2025 --With the approval of investment projects by the Council for the Development of Cambodia (CDC), which could create approximately 320,000 jobs across over 400 projects throughout 2024, it is the positive sign of Cambodia’s economy and political stability under the leadership of the Royal Government of Cambodia (RGC).Dr. Chheang Vannarith, Founder and Chairman of Angkor Social Innovation Park (ASIP), highlighted that the achievements in 2024, in which the RGC of the 7th legislature of the National Assembly, through the CDC, approved hundreds of investment projects and created tens of thousands of jobs, are a positive indicator of both economic factor and the confidence and trust of foreign investors in Cambodia.“The surge in investment activities, particularly in the industrial sector, creating jobs for locals, reflects Cambodia’s economy and political stability under the leadership of the RGC of the 7th legislature of the National Assembly,” he said.The RGC has launched vocational and technical training for 1.5 million people, especially young people from poor and vulnerable families. This allow citizens and young people in Cambodia to have at least one skill for their lives and strengthen their skills in line with the Cambodian economic context, he added.Dr. Chheang Vannarith further emphasised that although Cambodia has a good investment growth in 2024, the country still needs to do more to invest in other sectors, especially in infrastructure development, human resource development, and to promote investment at the national and provincial levels.The CDC approved 414 investment projects, including 387 new investment projects and 27 production expansion projects, with a total investment capital of approximately US$6.9 billion, generating nearly 320,000 jobs.The industrial sector continued to be the most prominent sector, absorbing 394 investment projects, equivalent to approximately 95 percent of the total number of investment projects, while the investment capital in this sector was approximately US$4.8 billion, contributing 69 percent of the total investment capital, up about 110 percent compared to 2023.
Tourism Minister, Japanese Ambassador Discuss Bilateral Tourism Cooperation
Phnom Penh, January 14, 2025 --Cambodian Minister of Tourism H.E. Huot Hak received here on Jan. 13 H.E. Ueno Atsushi, Ambassador Extraordinary and Plenipotentiary of Japan to Cambodia, and his delegation to discuss tourism cooperation between the two countries.In the meeting, both sides exchanged views on ways to enhance the promotion of tourism potential between Cambodia and Japan through participation in the World Expo 2025 in Osaka, Japan.They also touched on boosting collaboration to establish direct flights between Cambodia and Japan, organising Familiarisation Trips for the private tourism sectors of both countries, and producing joint promotional tourism videos to increase the visibility of tourism opportunities in both nations.These efforts aim to further expand the sale of travel packages between the two countries.H.E. Ueno Atsushi is committed to continuing to promote Cambodia's social stability, security, and positive developments to Japanese citizens, tourists, and business communities.Cambodia welcomed 100,022 Japanese tourists in the first 11 months of 2024, up 32.2 percent from 75,685 during the same period in the previous year, according to a ministry’s report.
New Special Economic Zone Launched in Sihanoukville
Phnom Penh, January 11, 2025 --ISI Special Economic Zone, a new landmark development spanning over 800 hectares in Sihanoukville, Preah Sihanouk province, spearheaded by ISI GROUP in collaboration with capital partners, was officially launched on Jan. 10.The grand launching ceremony was held under the presidency of H.E. Say Samal, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction, and H.E. Chea Vuthy, Secretary General of the Cambodian Investment Board of the Council for the Development of Cambodia, as well as national and international business communities.H.E. Chea Vuthy expressed his endorsement of the new project by showing his positive outlook on the ISI SEZ to contribute to the Royal Government of Cambodia for the development of Sihanoukville and the Cambodian economy.He stressed the importance of Sihanoukville as a national economic pole full of potential, and the Royal Government has always considered the private sector as the engine of national economic growth to enhance Cambodia’s competitiveness.“With strong support from the Council for Development of Cambodia, ISI GROUP is confident in pushing the project forward. This support not only establishes a necessary regulatory framework for new collaborations but also creates an environment that attracts both local and foreign investments,” he said.In the first step of business plan, ISI SEZ is built over some 206 hectares of land with a total fixed-asset investment of over US$50 million.Mr. Kang Leng, Chairman of ISI GROUP, said following the success of ISI PARK Veng Sreng and ISI PARK National Road 2, ISI GROUP has reaffirmed its commitment to enhancing Cambodia’s industrial landscape with the development of ISI SEZ.“ISI SEZ seeks to build on these achievements by incorporating advanced infrastructure and collaboration practices. Our goal is to continue innovating and leading in this sector, creating a vibrant ecosystem where businesses can thrive and communities can flourish,” he said.Currently, 28 SEZs out of a total of registered 52 are in active operation with 835 factories, creating some 200,000 jobs, according to the report.Cambodia’s exports through SEZs reached US$5.4 billion in the first 11 months of 2024, pointed out a report from the Ministry of Commerce.
Cambodia's export-import trade volume increased by nearly 17% in 2024.
Phnom Penh: Cambodia's total trade volume (exports and imports) in 2024 increased by nearly 17%, reflecting a robust economy and the growing international trade relations.According to data released by the General Department of Customs and Excise of Cambodia on January 10, 2025, the total trade volume of Cambodia reached 54.74 billion USD in 2024, an increase of 16.9% from 46.82 billion USD in 2023.The same data also showed that from January to December 2024, Cambodia exported goods worth approximately 26.19 billion USD, up by 15.7%, while imports of various goods amounted to 28.54 billion USD, an increase of 18% compared to 2023.Key trading partners of Cambodia include China, the United States, the European Union, Vietnam, Thailand, Japan, Canada, Indonesia, and the United Kingdom. However, the United States remains Cambodia's largest export market, followed by the European Union, Vietnam, and China.Additionally, Cambodia benefits from various trade agreements, including being a member of the Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China Free Trade Agreement (CCFTA), which have facilitated access to larger markets and reduced customs duties.This trade growth is the result of the government's efforts to expand export markets and encourage investment. Moreover, the Cambodian government has adopted a trade policy as a strategy for integration into regional and global trade networks.Furthermore, this trade growth also reflects the improving domestic production cycle and the resilience of Cambodia's economy, as well as the growing economies of Cambodia's key trading partners, such as the United States, China, some European Union countries, and ASEAN members.Key exports of Cambodia include garments, footwear, travel goods, agricultural products like rice, cashews, cassava, and rubber, furniture, automotive parts, solar panels, bicycles, electrical materials, electronic components, and vehicle parts.On the other hand, Cambodia's key imports include raw materials for the garment industry, fuel, electronics, vehicles and machinery, construction materials, consumer goods, cosmetics, pharmaceuticals, and medical equipment.
Cambodia, Russia Discuss Tourism Cooperation Promotion
Phnom Penh, January 09, 2025 —Minister of Tourism H.E. HUOT Hak received here at the ministry this morning a courtesy visit from H.E. Anatoly BOROVIK, Ambassador Extraordinary and Plenipotentiary of Russia to Cambodia, and his colleagues.According to the Ministry of Tourism, both sides discussed the strengthening and expansion of tourism cooperation between the two countries with agreement of organising Technical Working Group to draft a Memorandum of Understanding on tourism cooperation between the Cambodian Ministry of Tourism and Federal Agency for Tourism.Peace, political stability and social order in Cambodia play a crucial role in attracting more Russian tourists to visit Cambodia, said H.E. Minister HUOT Hak.For his part, H.E. Anatoly BOROVIK praised the current political, social and good security stability in Cambodia, stressing that these factors are crucial in convincing more Russian tourists to visit Cambodia.
Cambodian Senior Official Attends ASEAN Senior Officials’ Roundtable Meeting on the Safe & Responsible Use of Social Media
Kuala Lumpur, January 10, 2025 --H.E. Sles Alfin, Undersecretary of State, Ministry of Information of the Kingdom of Cambodia, attended the ASEAN Senior Officials' Roundtable Meeting on the Safe and Responsible Use of Social Media in Kuala Lumpur, Malaysia on Jan. 9. The event was graciously officiated by H.E. Ahmad Fahmi Fadzil, Minister of Communications of Malaysia. The above-mentioned Roundtable Meeting aimed to foster discussions and share experiences among ASEAN Member States in addressing the challenges posed by social media. Key issues discussed included the proliferation of fake news, online scams, cyberbullying, and harmful online behaviours that threaten societal well-being, security, and economic stability. A unified ASEAN approach to ensuring the safe and responsible use of social media was also a key focus of the agenda. Moreover, the outcomes of the meeting will be submitted for consideration at the ASEAN Ministers Responsible for Information (AMRI) meeting, scheduled to take place in May 2025 in Brunei Darussalam for endorsement.
Chinese Firms Looking to Expand Businesses in Aviation Sector to Cambodia
Phnom Penh, January 09, 2024 --Chinese firms - Heli-Eastern and Amber Aviation Limited - have expressed their interests in expanding their businesses and strengthening cooperation in ASEAN, including Cambodia.The information was revealed during a recent visit by Mr. Lao Nguon Eng, Commercial Attaché at the Consulate General of the Kingdom of Cambodia, to the two companies in Guangzhou, Guangdong Province, People’s Republic of China, according to a statement from the Ministry of Commerce issued on Jan. 9.Heli-Eastern produces and delivers various types of drones in China, including those used for urban transport and agriculture. It also provides urban air services in the Greater Bay Area (Guangdong-Hong Kong-Macao Greater Bay Area).Amber Aviation Limited provides aviation services using its private jets to transport passengers within ASEAN and has been strengthening cooperation with ASEAN member states, including Cambodia.Both companies expressed their intention to expand their businesses in Cambodia, especially in private flight services, and strengthen their close cooperation with the country.
Trade through Sihanoukville Special Economic Zone in Cambodia Hits Record High in 2024
Phnom Penh, January 08, 2025 —The value of imports and exports passing through the Sihanoukville Special Economy Zone (SSEZ) in Cambodia hit a record high in 2024, said Cambodia's customs data released on Monday.The total trade volume of the enterprises in the SSEZ reached US$4.07 billion last year, a year-on-year increase of 21.3 percent, the data showed.Jointly ventured by Cambodian and Chinese investors, the SSEZ is a flagship project under China's Belt and Road Initiative (BRI).The SSEZ operator said in a news release that in 2024, the zone featured high-quality development and promoted the integration of industry and city.The news release said the construction of the SSEZ 2.0 upgraded version has taken a big step to a new level.The 11-square-kilometre SSEZ had attracted 28 new enterprises in 2024, bringing the total number of enterprises in the zone to 202, with approximately 32,000 jobs created, the news release said.Those enterprises came from China, European countries, the United States, and Southeast Asian countries, among other countries and regions."The SSEZ has injected new momentum into enriching the China-Cambodia Diamond Hexagon cooperation framework and building Cambodia's Industrial Development Corridor," the news release said.Mr. Neak Chandarith, Director of the Cambodia 21st Century Maritime Silk Road Research Centre said the SSEZ is situated near the deep-water Sihanoukville Autonomous Port, which is very convenient for trade exchanges between Cambodia and the rest of the world."This economic zone has contributed to boosting Cambodia's economic growth and generating a lot of jobs for locals," he told Xinhua."The SSEZ, together with other flagship BRI projects, has been playing a crucial role in helping Cambodia achieve its ambitious goals of becoming an upper-middle income country by 2030 and a high-income nation by 2050."Mr. Seun Sam, a policy analyst at the Royal Academy of Cambodia, said the SSEZ is one of the key catalysts for Cambodia's economic growth and trade development."The SSEZ is one of the most impressive outcomes of the BRI projects in Cambodia," he told Xinhua. "This special economic zone has attracted a lot of foreign direct investment and boosted Cambodia's manufacturing sector, leading to employment creation and increased exports."
Cambodia, Indonesia Pleased with Bilateral Ties
Phnom Penh, January 07, 2025 --Deputy Prime Minister H.E. Prak Sokhonn, Minister of Foreign Affairs and International Cooperation, received a courtesy call by H.E. Santo Darmosumarto, Ambassador of the Republic of Indonesia to Cambodia, at the ministry office on Jan. 6.According to the Ministry of Foreign Affairs and International Cooperatio, during this meeting, H.E. Deputy Prime Minister recalled Indonesia's support for Cambodia's peace process and commended the robust bilateral relations between the two nations, spanning political, economic, and defence cooperation.H.E. Prak Sokhonn and Ambassador Darmosumarto were pleased with the cordial high-level exchanges between the leaders of the two countries, and the successful 5th Meeting of Cambodia-Indonesia Joint Commission for Bilateral Cooperation in August 2024, which have further strengthened bilateral ties. They shared the view that there is much more room to expand bilateral trade, which already exceeded US$1 billion in 2023, and welcomed efforts to increase rice trade and promote cooperation in the Halal industry.H.E. Prak Sokhonn and Ambassador Darmosumarto also emphasised the need to further strengthen people-to-people linkages through education, tourism, and more direct flight routes, and to enhance defence and security cooperation, including through capacity building programmes and collaboration in combating transnational crimes.The Cambodian top diplomat looks forward to meeting his Indonesian counterpart, in the near future, to exchange views on deepening cooperation in key areas between Cambodia and Indonesia, including under the ASEAN framework.
Annual National Reading Day to be Celebrated in March
Phnom Penh, January 06, 2025 -- The Ministry of Education, Youth and Sports (MoEYS) in collaboration with its partners, schools, teachers and parents will celebrate the National Reading Day next week to emphasise the significance of reading.The National Reading Day will be observed on Mar. 11, according to a recent preparatory meeting for the 10th National Reading Day chaired by H.E. Dr. Hang Chuon Naron, Deputy Prime Minister and Minister of MoEYS.The annual celebration is aimed to cultivate reading habits, promote reading culture, enhance reading and writing skills to contribute to the protection and strengthening of Khmer culture and civilisation.Different activities ranging from reading, poetry and composing competitions to presentations and discussions will be held on the occasion.
Over 500 Orchid Species Preserved and Researched
Phnom Penh, January 03, 2025 --Over 500 species of orchids are being preserved, researched, and promoted by the Kesor Kol Sok An Phnom Kulen Research and Conservation Centre in Banteay Srei district, Siem Reap province of Cambodia.According to the Forestry Administration of the Ministry of Agriculture, Forestry, and Fisheries, the research of the plant has been run for decades through the administration's cooperation with development partners.The work contributes to a noticeable expansion of the orchid species for conservation and attracting more and more researchers, students, and development partners.Cambodia has established the Kesor Kol Sok An Phnom Kulen Research and Conservation Centre to preserve orchid seeds, and so far the centre has collected some 5,000 samples from Preah Sihanouk, Koh Kong, Kampot, Preah Vihear, and Siem Reap provinces.The centre has estimated that Cambodia might have between 500 and 1,000 species of orchids.
Commerce Minister Lauds Young Entrepreneurs’ Indispensable Role in Economic Development
Phnom Penh, December 30, 2024 --Young, dynamic entrepreneurs and a strong private sector are indispensable players in economic development because entrepreneurs, business owners, and the private sector are the blood vessels of the Cambodian economy.The comments were made by H.E. Mrs. Cham Nimul, Minister of Commerce, while presiding over the opening ceremony of Cambodia Entrepreneurs Day 2024, held at the Institute of Technology of Cambodia (ITC) this morning under the theme “Investing in Young Entrepreneurs for Inclusive and Dynamic Economy,” with the participation Oknha Pech Bolen, President of Young Entrepreneurs Association of Cambodia (YEAC), Oknha Kuoch Pheng, Representative of Global Entrepreneurship Network in Cambodia (GEN Cambodia), senior officials of relevant ministries and institutions, business owners, students and many other national and international guests.This forum will provide essential value in terms of sharing information, good experiences from speakers and relevant actors, and building better communication networks for all participants, she said.H.E. Minister added that this year’s theme emphasises the important role of young entrepreneurs in creating competitive, innovative businesses, cultivating specific specialties and skills, and seizing new business and investment opportunities, especially digital commercialisation.H.E. Cham Nimul encouraged investors, young entrepreneurs, and micro-, small-, and medium-sized enterprises to work together to study challenges and find solutions, as well as continue to develop their capabilities and specialisation by keeping up with the rapidly changing developments in science, technology, socio-economy, and competition in the digital age.It is necessary to cooperate proactively and interactively in seizing potential opportunities to promote economic and trade growth and improve social well-being, she underlined.The commerce minister also praised the YEAC and GEN Cambodia for their collaboration in organising this event, and highly valued YEAC’s numerous achievements over the past 15 years as well as its significant contribution to promoting national economic development.
NBC Issues Prakas for Cryptoasset Transactions
Phnom Penh, December 27, 2024 --The National Bank of Cambodia (NBC) on Dec. 26 issued a Prakas outlining the licensing requirements for institutions and entities engaging in cryptoasset transactions.The Prakas, composed of 6 chapters and 26 articles, applies to all Commercial Banks and Payment Service Institutions, under the purview of the NBC supervisory authority, intending to have cryptoasset exposures and/or to provide cryptoasset service as cryptoasset service providers (CASPs).The Prakas classifies cryptoassets into two groups - Group 1 and Group 2.Group 1 consists of cryptoassets that are digital representation of traditional financial instruments or the value of which refers to traditional assets or to a pool of traditional assets known as reference assets.Group 2 includes all cryptoassets that do not meet the criteria of Group 1, in particular, but not limited to, unbacked cryptoassets that are neither tokenised traditional assets nor stablecoins.Any commercial bank or payment services institution wishing to offer or involve the conduct of one or more of the services as stipulated in Article 20 shall obtain prior authorisation from the NBC.Any entity wishing to operate as CASPs on one or more of the services as stipulated in Article 20 shall obtain a licence from the NBC.The Prakas provides a framework for institutions and entities to operate within the legal boundaries while mitigating potential risks associated with cryptoasset transactions.“The purpose of this Prakas is to manage the transactions and business activities related to cryptoassets in accordance with Article 2 to 4 of the Law on Banking and Financial Institutions,” NBC said.Commercial banks, payment services institutions, and licensed CASPs failing to comply with this Prakas shall be penalised according to Article 52 of the Law on Banking and Financial Institutions.
Over 2,000 Multinational Tourists on Board of a Cruise Ship Visit Cambodia
Phnom Penh, December 27, 2024 --A total of 2,009 tourists of 50 different nationalities, 1,072 of whom are women, on board of "NOORDAM" cruise ship are paying a day-long visit to Sihanoukville of Preah Sihanouk province.The 285.43-metre-long, 32.25-metre-wide and 8-metre-deep cruise ship sailing under the flag of the Netherlands docked at Sihanoukville Autonomous Port this morning.According to Sihanoukville Autonomous Port, most of the tourists are American (614), Australian (429) and Canadian (179). They visited cultural resorts, beaches and other tourist attractions in the Preah Sihanouk coastal province. 16 of them left for a visit to Angkor temples in Siem Reap province.Coming from Thailand, the cruise ship with 769 crewmembers of 37 different nationalities, of them 141 are women, will depart for Vietnam this evening, around 9:00, the source added.Since the beginning of this year, more and more tourism vessels bringing along thousands of multinational tourists and crewmembers visited Cambodia via the Sihanoukville Autonomous Port.Tourism is a priority sector in promoting Cambodia’s macroeconomic growth and social development and is expected to take up the biggest part in the country's GDP in the near future.
Cambodia, Russia Stress Importance of Continued Cooperation in Bilateral and Multilateral Frameworks
Phnom Penh, December 27, 2024 --Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation H.E. Prak Sokhonn, received a courtesy call by H.E. Anatoly Borovik, Ambassador of the Russian Federation to Cambodia, at the ministry here on Dec. 26.According to the Ministry of Foreign Affairs and International Cooperation, during this meeting, H.E. Prak Sokhonn commended Ambassador Borovik for his active role in strengthening the ties of friendship and cooperation between Cambodia and Russia, and agreed with the envoy on the importance of maintaining regular high-level engagements and good cooperation across various fields, in both bilateral and multilateral frameworks.The Cambodian top diplomat expressed high appreciation for the existing fruitful cooperation in sectors, such as education, culture, health, as well as people-to-people exchange, and encouraged Ambassador Borovik to explore opportunities to promote economic ties between the two countries.The discussions also covered the possible convening of the Cambodia-Russia Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation (JGC) and the Bilateral Consultations between the two Ministries of Foreign Affairs.H.E. Deputy Prime Minister and Ambassador Borovik also touched on some regional and international issues of common interests.
Cambodia, China Discuss Water Resources Cooperation
Phnom Penh, December 26, 2024 --Minister of Water Resources and Meteorology H.E. Thor Chetha received at the ministry on Dec. 25 Chinese Ambassador to Cambodia H.E. Wang Wenbin to discuss water resources cooperation between the two countries.In the meeting, H.E. Thor Chetha extended a warm welcome to H.E. the Ambassador and the delegation, expressing gratitude to the Chinese government for ongoing support in Cambodia's economic development.H.E. Thor Chetha highlighted the significant contributions to progress, particularly in the water resources and meteorology sector, which plays a critical role in fostering national economic growth and achieving Cambodia's vision 2030 and 2050.H.E. Minister also commended a recent cooperation with Chinese government in developing water infrastructure across Cambodia, highlighting efforts under CIDCA (China International Development Cooperation Agency), the Mekong-Lancang Cooperation, and collaboration with the Ministry of Economy and Finance.H.E. Thor Chetha emphasised that these initiatives align with the Cambodia-China Community of Shared Future Action Plan (2023-2027), further reinforcing the strong bilateral partnership.