Cambodian Economy Reviews

Cambodia’s prime minister Hun Sen departed Vietnam on Saturday in order to attend a Vietnamese investor’s conference in Ho Chi Minh City. During this time, Cambodia and Vietnam has agreements with US$6 billion worth of investment into Cambodia to strengthen the cooperation in four sectors of commerce, tourism, energy and transportation.
The agreements were signed by [...]

PHNOM PENH, March 6 (Reuters) – A slowdown in garment exports and a drop in the number of tourists could cause Cambodia’s economy to shrink 0.5 percent this year, the International Monetary Fund said on Friday.
That is a big turnaround from the 4.8 percent growth the IMF had forecast in November.
“Garment exports are under pressure [...]

While the global economic crisis continues to collapse, the International Monetary Fund (IMF) projected that the Cambodian economic growth rate will be likely to fall below 4.8 percent in 2009 but Cambodian government officials have rebuffed a gloomy economic forecast. Growth in external trade is expected to slow in 2009 because of a slowdown in [...]