Cambodia
ADB is one of Cambodia's largest sources of official development assistance, with average annual lending of $329.8 million from 2016-2021. The bank's support is aligned with the Cambodia's National Strategic Development Plan 2019-2023.
This report compares the Regional Comprehensive Economic Partnership (RCEP) with other free trade agreements and suggests how policy makers can promote its successful implementation.
Cambodia and the Lao People’s Democratic Republic have reported a steady drop in average COVID-19 cases per day in April 2022, according to a report on “Vaccination Rates, Effectiveness, and Safety” by the Asian Development Bank (ADB). In Cambodia, the average COVID-19 cases per day dropped from 164 to 18.4, and deaths decreased from 1 to 0.06, marking a fall in case fatality rate from 0.43% to 0.35%. In Lao PDR, daily infection rates declined steadily, averaging at 986 for April 2022 from 1102 in March 2022, while average deaths per day plateaued between 1 to 3.
A proposed Asian Development Bank (ADB) project will help finance two standard ports that will boost the fisheries and tourism sectors of Cambodia’s Kep province.
A report by the Khmer Times shared provincial officials and ADB are working to establish the ports’ locations, according to Mr. Vao Sokha, Kep Deputy Governor.
Cambodia, Lao PDR, and Viet Nam (CLV) are looking to revitalize tourism in the CLV subregion, and held a meeting on 4 May to discuss implementing the Tourism Development Plan for the Development Triangle Region (2020-2025) and Vision 2030. The working group plans to promote tourism in the triangle region through exhibitions, videos, logos and brands, with a focus on digital advertising.
Instead of recapturing the tourism of the pre-pandemic era, countries should strive to create a new kind of tourism that is more closely aligned to the SDGs.
Electricity trade between Cambodia and the Lao People’s Democratic Republic raised the annual value of bilateral trade to more than $100 million in 2020 from a previous value of $10 million-$20 million. This was noted by Cambodia Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation Prak Sokhonn and Lao Foreign Affairs Minister Saleumxay Kommasith in their meeting on 16 February. Mr. Kommasith was in Phnom Penh, Cambodia, from 15-17 February 2022 to attend the ASEAN Foreign Ministers’ Retreat.
Migrant workers are essential to economic and social development across the Greater Mekong Subregion. They compensate for a growing shortage of labor and contribute substantially towards the economic well-being of many households through remittances.
The 25th Meeting of ASEAN Tourism Ministers held on 19 January 2022 in Sihanoukville, Cambodia, exchanged views on the way forward for the recovery of the region’s tourism industry. Bearing the theme “ASEAN – A Community of Peace and Shared Future,” the Meeting discussed the impact of COVID-19 on each ASEAN member state and emphasized the development of the tourism sector amid the coronavirus disease (COVID-19) pandemic.
Decline in Tourist Growth
The Government of Cambodia’s Ministry of Environment plans to develop and establish ecotourism in protected areas of Siem Reap, Kampong Speu, and Koh Kong provinces under the “Cambodia Sustainable Landscape and Ecotourism Project.”
Areas that will potentially be developed include the Preah Jayavarman-Norodom National Park “Phnom Kulen”; the Oral Mountain Wildlife Sanctuary and the Central Cardamom Mountain National Park; and the Tatai and Peam Krasop Wildlife Sanctuaries.