Cambodia and Phnom Penh’s Growing Economy

Cambodia has experienced rapid economic growth over the past two decades, positioning itself as one of the most promising investment destinations in Southeast Asia. The country’s GDP has been steadily increasing, fueled by sectors such as manufacturing, construction, real estate, and tourism. With a young workforce and investor-friendly policies, Cambodia continues to attract both domestic and foreign capital.

Phnom Penh, the capital city, serves as the country’s economic and political hub. It has undergone significant urbanization, with major infrastructure projects reshaping its landscape. Among these developments, the Techo International Airport stands out as a game-changer for real estate and business opportunities in the region. Located in Kandal province, about 30 kilometers from the city center, this new airport is set to become a major aviation hub in Southeast Asia, enhancing connectivity and economic activities. As a result, land and property values in the surrounding areas are expected to rise dramatically, making it a prime location for investment.

If you’re looking for lucrative real estate opportunities, here are the top five reasons why investing in land or property around Techo International Airport is a smart decision.

1. Land Prices Will Increase Dramatically

The areas within 10 to 30 kilometers of Techo International Airport are expected to see significant increases in land prices. As the airport nears completion and commercial activities expand, demand for land will surge. Historically, major infrastructure projects such as airports, expressways, and special economic zones have led to a sharp appreciation in property values. Investors who acquire land now can expect substantial returns in the coming years.

Real estate experts predict that once the airport becomes operational, land prices could double or even triple within a decade. This is due to increased interest from developers, businesses, and homeowners who recognize the strategic value of the location. Early investors stand to gain the most as land remains relatively affordable compared to Phnom Penh’s central districts.

2. A New Living Destination with Busy Business Activities

The region around Techo International Airport is set to become a new residential and commercial hub. With urban expansion moving outward from Phnom Penh, new housing projects, commercial centers, and entertainment districts will emerge. The presence of the airport will attract expatriates, business travelers, and local professionals, leading to a thriving economic environment.

Real estate developers are already planning gated communities, shopping malls, and office complexes to cater to the growing demand. This transformation will create business opportunities in retail, hospitality, and services, making the area a vibrant commercial hub. Investing in property now means positioning yourself at the forefront of this economic boom.

3. High Demand for Warehouses and Factories

One of the biggest advantages of owning land near the airport is the potential for industrial development. With increased trade and logistics operations, the demand for warehouses and factories will rise significantly. Many businesses will seek storage and production facilities close to the airport to enhance efficiency and reduce transportation costs.

By investing in land, you can either develop warehouses or factories for rent or sale. Industrial properties in high-demand areas tend to yield strong rental income and appreciation in value over time. Additionally, Cambodia’s investor-friendly policies, such as tax incentives for manufacturing and logistics businesses, make it easier to attract tenants or buyers.

4. Opportunity to Run Your Own Business

Owning land or property near Techo International Airport gives you the flexibility to establish your own business. Whether you want to open a restaurant, a retail store, an office space, or a logistics company, the demand for commercial enterprises in this area will be high.

As more people move into the region for work and travel, businesses catering to their needs will thrive. This includes supermarkets, convenience stores, cafes, coworking spaces, and car rental services. If you invest in commercial land now, you can either develop your own business or lease the space to entrepreneurs looking to tap into the growing market.

5. Build Rental Properties Such as Houses, Guesthouses, or Hotels

With the expected influx of travelers, business professionals, and workers, rental properties will be in high demand. Investors can capitalize on this by building rental homes, guesthouses, or hotels. Short-term and long-term accommodation options will be needed to support the growing workforce and visitors in the area.

For those looking at long-term gains, residential developments such as apartment buildings or condominiums can yield steady rental income. Hotels and guesthouses catering to business travelers and tourists will also experience high occupancy rates. As the region continues to develop, rental prices will increase, providing investors with substantial returns.

Conclusion

The development of Techo International Airport is a transformational project that will reshape Phnom Penh’s real estate landscape. Investing in land or property within 10 to 30 kilometers of the airport presents a golden opportunity for investors seeking high returns. With land prices set to rise, increasing business activities, high demand for industrial spaces, opportunities for commercial enterprises, and rental property potential, this area is poised for significant growth.

Now is the time to take action and secure a prime piece of real estate before prices soar. Whether you’re looking to develop, rent, or resell, investing in this region will position you for long-term success.

What are your thoughts on investing near Techo International Airport? Share your opinions in the comments below!

As an agrarian nation, Cambodia has made remarkable progress in the last decade in propelling its agriculture industry with exports now representing 22 percent of the nation’s GDP. Rice and paddy remain among the most significant agricultural exports, with annual production exceeding 11 million tonnes. But there’s more than meets the eye. What’s actually bogging down is the high production costs, limited infrastructure and cutthroat competitiveness in the global market. Trade disruptions have also upset supply chain issues, further challenging farmers who are already grappling with high production costs and fluctuating incomes. This dire situation underscores the need for more stable and diverse export markets to shield farmers from external economic pressures. Is there a way out? According to an avid observer of the Kingdom’s progress, Cambodia can transform itself into an agricultural export powerhouse much like its neighbours with substantial upside in agricultural export value, but for that, the Royal Government should revamp some of its policies

Of Cambodia’s approximate 17 million population, 13 million reside in rural areas where agriculture is the predominant economic activity.

The agricultural sector is critically important, far beyond what the percentage of farmers in the population might suggest contributing about 22 percent of the Kingdom’s gross domestic product (GDP).

Agriculture is a lifeline for food security, supplying over 90 percent of domestic rice needs, and albeit fewer people farm today than decades ago, its role in keeping Cambodia fed, employed and connected to its roots remains vitally important.

Rice, paddy prices

Early this month, the Ministry of Water Resources and Meteorology (MoWRAM) reported that while the official farmland for dry rice cultivation was around 535,000 hectares, actual implementation has expanded to over 900,000 hectares.

According to the Ministry of Agricultural, Forestry and Fisheries (MAFF), rice and paddy remain among Cambodia’s most significant agricultural exports, with annual production exceeding 11 million tonnes in recent years, of which only 10 percent is exported.

Despite its vital role as an economic backbone, supporting downstream industries such as food processing and trade, rice exports face numerous challenges.

High production costs, limited infrastructure and inconsistent quality standards hinder competitiveness in the global market. Additionally, trade barriers and fluctuating international demand further complicate export efforts.

While urbanisation and industrial growth have reduced agriculture’s share of employment and Gross Domestic Product (GDP), enhancing the efficiency and quality of rice exports remains essential to securing its long-term economic impact.

Sidet (30), a farmer in Banteay Meanchey province, shared the challenges he and his fellow farmers face in rice cultivation due to high costs and inconsistent market demand.

Talking to Khmer Times, Sidet said water supply expenses during dry rice cultivation amount to around 40,000 riels (approximately $10) per hectare for the entire four-month cultivation period.

However, because many farmers struggle financially, the payment is typically collected by the village chief only after the harvest season.

Sidet explained that rice prices have been fluctuating, particularly for the OM5154 variety, a type from Vietnam, which has dropped to around six baht or roughly 700 riels per kilogram.

Meanwhile, Cambodian fragrant rice sells for as much as 7.7 baht or approximately 900 riels per kilogram.

He noted that rice and paddy exports to Vietnam and Thailand have recently slowed, partly due to reduced demand and market access challenges. Instead, domestic rice mill factories are buying larger quantities to supply the local market. However, the shift in demand has not significantly improved farmers’ incomes.

Sidet emphasised that despite the importance of rice cultivation, farmers continue to face significant financial burdens.

“They spend between $30-$40 per sack of fertiliser, which is used around three times during each cultivation period, further reducing their profitability,” he said.

These expenses combined with fluctuating rice prices restrict the farmers’ profit margins. As a result, many farmers struggle to make a sustainable income, facing financial strain each season.

Climate & global challenges

On the other hand, cultivation of crops faces distinct challenges during the dry season and harvest season, shaped by the climate, limited infrastructure and reliance on traditional farming methods.

These challenges impact productivity, income and food security, particularly for smallholder farmers who dominate the agricultural sector.

The dry season from November to April is marked by a sharp drop in rainfall, testing farmers’ ability to sustain crops and livestock in the predominantly rain-fed agricultural system where about 80 percent of farmland depends on rainfall rather than irrigation.

Meanwhile, the harvest season coincides with the end of the wet season, when rice and other crops ripen. While it’s a critical time for income; it’s fraught with risks tied to weather, logistics and market dynamics.

In short, during the dry season the focus is on survival keeping crops alive with scarce water while during the harvest season, it’s about securing the yield and income against nature and market forces.

Despite the odds, Cambodia faces additional challenges due to the emerging global trade tension and economic uncertainty. Although farmers could survive the water shortage in the dry season and maintain their income against market forces, they are unlikely to benefit from the trade war.

The trade war especially following the tensions caused by the Trump administration has had a significant impact on Cambodian farmers. As export markets like Vietnam face uncertainty, the cashew farmers struggle with reduced demand and lower prices.

Trade disruptions have also led to supply chain issues, further challenging farmers who are already grappling with high production costs and fluctuating incomes. This situation underscores the need for more stable and diverse export markets to shield farmers from external economic pressures.

Anthony Galliano, Group CEO of Cambodian Investment Management Holdings (CIM) told Khmer Times that the Kingdom has made significant progress in the last decade in propelling its agriculture industry with exports now representing 22 percent of the nation’s GDP.

Galliano said, “While the contribution to the national economy has been critically important in the last three years, given the depressed real estate, construction sector and tourism sectors, growth remains stagnant. In 2022, Cambodia’s total agricultural export volume was approximately 8.6 million tonnes at a value of $4.3 billion in revenue.

In 2023 agricultural export volume rose to 8.82 million tonnes at a total export value of $4.8 billion. While volume increased to 11.66 million tonnes in 2024, marking a 3.21 percent rise compared to 2023, total agricultural export value slightly decreased to $4.792 billion,” he added.

He continued that neighbouring Thailand’s total agricultural export value in 2023 was $49 billion, and was $52 billion in 2024. Vietnam total agricultural export value in 2023 was $53 billion and was $62 billion in 2024, exponentially higher than Cambodia. Fresh, frozen and dried fruits and rice dominate Thailand’s agricultural exports followed by rubber, processed chicken and pet foods.

Vietnam’s main exports are fruits, vegetables, rice, cashew and presently Vietnam is now the second-largest coffee exporter, boasting an export value of $5.48 billion in 2024. Its main markets are China, US and EU.

Galliano pointed out that Cambodia can also transform itself into an agricultural export powerhouse and be as successful as its neighbours with substantial upside in agricultural export value. The country has an arable land area of approximately 4,110,000 hectares compared to Vietnam’s approximate 6,697,000 hectares.

While Vietnam has 61percent more arable land it has 13 times more agricultural export value and has a 100 million population to feed versus Cambodia’s 17 million. The upside for the Kingdom is enormous and the Royal Government is driving the opportunity by implementing several key agricultural policies to modernise and enhance the sector’s productivity, sustainability and resilience.

“Notably the National Agricultural Development Policy (NADP) 2022-2023, the Agricultural Extension Policy and the Pentagonal Strategy. The Kingdom is making strides in improving agricultural productivity and value-added processing, expanding market access and trade agreements and improving logistics and infrastructure,” he said.

The CIM CEO said that Cambodia can capitalise on the high quality and desirability of its premium and organic rice, cassava, cashew, fruits, rubber products, unique spices and the high potential of developing a coffee industry.

With the government focus and policies and the improvements achieved, the agricultural sector is now more than ever a critical part of the national economy and one of its greatest future opportunities with exponential growth potential, he added.

Rise and fall of cashew

The ‘Cashew Emperor’ initiative launched by former Prime Minister Hun Sen is vital for national economic growth as it aims to position the country as a global leader in cashew nut production.

The initiative seeks to boost farmers’ income and foster sustainable growth in the cashew sector by improving agricultural practices and processing capabilities as well as expanding export markets.

However, the initiative is currently facing challenges due to slow demand from key export markets, especially Vietnam. This decline in demand is partly linked to the trade war triggered by the Trump administration earlier this year which caused each country to focus on maximising its local productivity outputs.

As a result, prices for raw cashew nuts have dropped significantly affecting farmers’ profits. Many farmers are already struggling with high production costs and low incomes and the drop in prices has made it even more difficult for them to make a living.

To address these issues, there is a pressing need to diversify export markets and strengthen the value chain. These efforts are essential for stabilising the cashew industry and ensuring its long-term viability.

Speaking to Khmer Times, Uon Silot, President of the Cashew Nut Association in Cambodia (CAC), explained that March marks the peak harvesting season for cashew nuts a period that typically sees a decline in market prices. However, CAC is actively collaborating with partner companies to mobilise financial support aimed at stabilising prices during this crucial time.

“This year, the price has dropped from 6,000 riels to 4,400 riels per kilogram, which is approximately $1. Nevertheless, thanks to our collaboration with partners, we successfully pushed the price back up to 5,500 riels within just three days,” Silot noted.

He highlighted the lessons learned from the previous year, stating, “In 2024, prices plummeted to 3,200 riels per kilogram and remained at that low for nearly three weeks before we managed to restore them to 5,000 riels.

From that experience, we have refined our approach and can now resolve price issues much faster. Additionally, cashew nut production remains relatively small compared to rice and cassava, making it easier to manage.”

The CAC President emphasised that a fair price for raw cashew nuts stands at around 5,000 riels per kilogram, a rate considered acceptable for both farmers and processing factories. He cautioned, however, that if prices rise too high, only farmers benefit, as processing factories would struggle to maintain profitability.

Silot detailed several strategies aimed at effectively maintaining stable prices. “We must curb the outflow of cashew nuts from Kampong Thom, the largest cashew-producing province in Cambodia, with approximately 150,000 hectares yielding around 220,000 tonnes annually. This accounts for nearly 30 percent of the nation’s total productivity.”

He stressed that preventing the cashew nuts from Kampong Thom from being sold to other provinces helps elevate prices in those areas due to the limited supply. To effectively manage this, CAC has been working closely with four major processing factories in Kampong Thom, holding three significant meetings over the past year.

“Our discussions have focused on ensuring that prices never fall below 4,500 riels (about $1.1) per kilogram. We have established this threshold as the red mark which should not be crossed under any circumstances,” Silot explained.

He elaborated on the cost structure, indicating that when factoring in overall expenses such as fertilisers, farming supplies and irrigation, the baseline cost amounts to approximately 3,800 riels per kilogram.

Additionally, labour costs around 700 riels per kilogram for workers who gather the cashew seeds. As a result, CAC determined that 4,500 riels per kilogram is the lowest acceptable price that can still offer a fair profit to farmers.

Silot continued by noting that during the harvest season, buyers naturally seek the lowest prices. By limiting the flow of cashew nuts from Kampong Thom and Preah Vihear provinces, supply is reduced in the marketplace, thereby driving prices upward.

CAC’s efforts to maintain stable prices have proven successful over the past two years, according to Silot. He also acknowledged the financial backing from the Agricultural and Rural Development Bank (ARDB) and various microfinance institutions that work closely with CAC to support price stabilisation initiatives.

However, in cases where financial support is not forthcoming, CAC employs an alternative strategy that involves working with local farmers who possess large storage facilities and have the capacity to hold their cashew nuts for extended periods.

“This unified approach allows ordinary farmers to sell their products at favourable prices during the early stages of the harvest season. Once their supplies are exhausted, other farmers with storage capabilities can release their products to the market at higher prices,” he stated.

Silot further explained that farmers with larger storage facilities also benefit from the ability to dry their cashew nuts more effectively. Drier cashews command a higher market price compared to wet ones, enhancing overall profitability.

This strategy relies heavily on trust between CAC and local farmers. If CAC fails to secure buyers as promised, farmers will release their products simultaneously, triggering a sharp decline in prices. Such challenges were experienced last year, resulting in a price reduction of approximately 30 percent.

Despite these obstacles, Silot remains optimistic about the current strategies being employed to stabilise prices noting that the collaborative approach involving farmers, factories and financial institutions offers a resilient framework for the cashew nut industry’s growth and sustainability.

Firstly published on Khmer Times

As of March 19, 2025, TikTok has officially expanded its monetization programs to include Cambodia, offering local content creators new avenues to earn income directly through the platform. This development was announced by His Excellency Dr. Chea Vandet, Minister of Posts and Telecommunications, during a Workshop on TikTok Community and Online Safety in Cambodia. This move aligns Cambodia with other regions where TikTok’s Creator Subscriptoin program is active, reflecting the platform’s recognition of the country’s growing digital content landscape.

Understanding TikTok’s Monetization Opportunities

TikTok provides several monetization options for creators, with the primary program being the TikTok Creator Rewards Program (formerly known as the Creator Fund), but is not available in Cambodia yet. This program compensates creators based on the performance of their content, considering factors such as video views, engagement, and adherence to community guidelines. Newsroom | TikTok

Eligibility Criteria for Cambodian Creators

To participate in the TikTok Creator Subscription Program in Cambodia, creators must meet the following criteria:

1. Age Requirement: Creators must be at least 18 years old.
2. Follower Count: A minimum of 10,000 followers is required.
3. Recent Video Views: Creators must have accumulated at least 100,000 video views in the last 30 days.
4. Account Compliance: The TikTok account should comply with the platform’s Community Guidelines and terms of service.
5. Country of Residence: Creators must reside in a country where the Creator Rewards Program is available, which now includes Cambodia.

These criteria ensure that participating creators have an established and engaged audience, aligning with TikTok’s commitment to promoting quality content.

Application Process

Eligible creators can apply for the Creator Subscription Program directly through the TikTok app by accessing their pro or creator account settings. The application process involves providing necessary information and agreeing to the program’s terms. Once approved, creators can start earning based on their content’s performance.

Additional Monetization Features

Beyond the Creator Subscription Program, TikTok offers other monetization features that Cambodian creators can leverage:

• TikTok Creator Marketplace: This platform facilitates collaborations between creators and brands for sponsored content opportunities. TikTok Help Center
• Video Gifts and LIVE Gifts: Followers can send virtual gifts during live streams or on regular videos, which creators can convert into monetary earnings. TikTok Help Center
• TikTok Series: A feature that allows creators to offer collections of premium content that viewers can purchase for access. TikTok Help Center

Implications for Cambodian Content Creators

The inclusion of Cambodia in TikTok’s monetization programs signifies a substantial opportunity for local creators to transform their passion into a sustainable career. With approximately 10 million TikTok users in Cambodia, creators have access to a vast and diverse audience. This development not only empowers individual creators but also contributes to the growth of the digital economy in Cambodia.

Best Practices for Successful Monetization

To maximize earning potential on TikTok, Cambodian creators should consider the following best practices:

1. Consistent Content Creation: Regularly posting high-quality and engaging content helps maintain audience interest and boosts visibility.
2. Engagement with Followers: Interacting with the audience through comments, live sessions, and personalized content fosters a loyal community.
3. Staying Informed: Keeping up-to-date with TikTok’s latest features, trends, and guidelines ensures compliance and leverages new opportunities.
4. Collaborations: Partnering with other creators or brands can expand reach and introduce content to new audiences.
5. Adherence to Guidelines: Strictly following TikTok’s Community Guidelines is crucial to maintain account standing and eligibility for monetization programs.

Conclusion

The expansion of TikTok’s monetization programs to Cambodia marks a significant milestone for the country’s digital content creators. By meeting the eligibility requirements and adhering to best practices, Cambodian creators can now effectively monetize their content, turning creativity into a viable source of income. This development not only enriches the local content ecosystem but also positions Cambodia as an active participant in the global digital economy.