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Angkor Times
Angkor TimesExperienced
Asked: February 13, 2024In: Make Money

How Many Tourists Flocked to Cambodia for the Chinese-Vietnamese New Year Celebrations in 2024?

As the Lunar New Year festivities unfolded across Cambodia from February 9 to 12, 2024, the nation saw an unprecedented surge in tourism, with over 1 million visitors flocking to various destinations, according to a report from the Ministry of ...Read more

As the Lunar New Year festivities unfolded across Cambodia from February 9 to 12, 2024, the nation saw an unprecedented surge in tourism, with over 1 million visitors flocking to various destinations, according to a report from the Ministry of Tourism of Kingdom of Cambodia.

Among the throngs of tourists were Chinese Cambodians and Vietnamese Cambodians, who marked the Chinese-Vietnamese Lunar New Year with fervor and joy. This annual celebration, deeply rooted in tradition and culture, not only draws communities together but also attracts a significant number of visitors from both within and outside the country.

Chines New Year in Cambodia 2024
Chines New Year in Cambodia 2024

The report, released on February 12, revealed that a staggering 1,051,472 individuals ventured across Cambodia during the festive period. Of these, 993,991 were domestic tourists, showcasing a robust enthusiasm among locals to explore their homeland during this auspicious time. Additionally, 57,481 foreign tourists added to the vibrant tapestry of cultural exchange and celebration.

Destinations across Cambodia buzzed with activity as tourists poured in to experience the rich heritage and hospitality the country has to offer. Siem Reap province, home to the iconic Angkor Wat, welcomed 117,677 visitors eager to immerse themselves in ancient wonders. Meanwhile, Preah Sihanouk province, renowned for its pristine beaches, hosted a staggering 294,301 tourists seeking sun and relaxation.

The capital city of Phnom Penh, with its blend of history and modernity, saw a vibrant influx of 68,918 visitors, while Battambang province, with its quaint charm and cultural attractions, received 89,446 tourists. In Kampot province, known for its scenic landscapes and culinary delights, 64,528 tourists savored the local flavors and ambiance. Kandal province, with its cultural and historical significance, welcomed 71,273 visitors eager to delve into the country’s past.

Among the revelers were Cambodian Chinese and Vietnamese Cambodians, whose cultural heritage intertwines seamlessly with the fabric of Cambodian society. Their presence during the Lunar New Year celebrations adds a special vibrancy, as they share their traditions and customs with fellow Cambodians and visitors alike.

Tourists Visit Angkor Wat Cambodia
Tourists Visit Angkor Wat Cambodia

Speaking about the significance of the Lunar New Year celebrations, Chheng Sophea, a Chinese Cambodian residing in Phnom Penh, remarked, “The Lunar New Year is a time for family reunions, cultural festivities, and reflections on the past year. It’s heartwarming to see so many people coming together to celebrate and embrace our shared heritage.”

Echoing this sentiment, Nguyen Thanh, a Vietnamese Cambodian from Siem Reap, shared, “For Vietnamese Cambodians, the Lunar New Year holds deep cultural significance. It’s a time to honor our ancestors, uphold traditions, and foster unity within our community. Seeing the enthusiasm of both locals and tourists during this time is truly uplifting.”

As Cambodia continues to attract visitors from around the globe, events like the Chinese-Vietnamese Lunar New Year celebration serve as a testament to the country’s rich cultural tapestry and its ability to bring people together in joyous celebration. With each passing year, these festivities not only showcase Cambodia’s cultural diversity but also reinforce its position as a premier destination for cultural tourism in the region.

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Angkor Times
Angkor TimesExperienced
Asked: January 17, 2024In: Lifestyles

What Innovative Strategies Is Trip.com’s CEO Using to Boost Tourist Numbers in Cambodia?

The CEO of the renowned travel company Trip.com, Ms. Jane Sun, pledged to boost tourism in Cambodia during a courtesy call with Prime Minister Hun Manet in Davos, Switzerland, on January 16. In their meeting, Ms. Sun expressed gratitude to the ...Read more

The CEO of the renowned travel company Trip.com, Ms. Jane Sun, pledged to boost tourism in Cambodia during a courtesy call with Prime Minister Hun Manet in Davos, Switzerland, on January 16.

In their meeting, Ms. Sun expressed gratitude to the premier for the courtesy call and provided insights into Trip.com’s business operations and its potential impact on tourism. She affirmed the company’s commitment to collaborate with Cambodian partner firms to attract more tourists to the captivating and attractive destination of Cambodia.

CEO of world-class travel company Trip.com to bring more tourists to Cambodia

Prime Minister Hun Manet welcomed the meeting and expressed delight at Trip.com’s intention to expand investment activities in Cambodia. He particularly appreciated the company’s focus on cooperation with local partners. Dr. Hun Manet highlighted the government’s efforts to formulate policies and mechanisms conducive to the growth of tourism post the COVID-19 crisis.

Trip.com Group Limited, a leading global travel website, offers a comprehensive range of travel products and services for global travelers. Notably, tourists worldwide can conveniently book air tickets, accommodation, and car services in Cambodia through Trip.com. The collaboration between Cambodia Angkor Air and Trip.com, marked by a memorandum of understanding signed on May 24, 2023, further signifies their partnership in establishing a smart airport in Siem Reap.

In addition to these discussions, here are five key ways in which Trip.com, as a global travel website, actively contributes to bringing tourists to Cambodia:

Comprehensive Travel Products: Trip.com offers a wide array of travel products and services, including air tickets, accommodation, and car services. This comprehensive package makes it convenient for global travelers to plan and book their entire journey to Cambodia through a single platform.

Global Reach and Accessibility: With its global presence, Trip.com ensures that tourists from around the world have easy access to information and services related to Cambodia. This global reach plays a crucial role in attracting diverse international visitors to the country.

Strategic Partnerships: Trip.com’s commitment to collaborating with local partner companies in Cambodia enhances its effectiveness in promoting tourism. These strategic partnerships facilitate a seamless experience for tourists and contribute to the overall growth of the tourism sector in Cambodia.

Post-COVID-19 Initiatives: Acknowledging the challenges posed by the COVID-19 crisis, Trip.com remains engaged in initiatives aimed at supporting the recovery of the tourism industry. This aligns with the Cambodian government’s efforts to revive tourism, and the company’s involvement contributes to the overall resilience of the sector.

Smart Airport Collaboration: The memorandum of understanding signed between Cambodia Angkor Air and Trip.com to establish a smart airport in Siem Reap exemplifies the company’s innovative approach to enhancing the travel infrastructure. This initiative not only benefits the convenience of tourists but also showcases a commitment to the sustainable development of tourism in Cambodia.

AKP

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cambodiaCambodia Angkor Air collaborationCambodia tourismCEOCEO strategies for tourismComprehensive travel servicesCOVID-19 recovery in tourismGlobal travel trendsHun ManetInnovative travel infrastructureInternational tourist attractionsJane SunPost-COVID tourism initiativesSmart airport developmentStrategic partnerships in tourismSustainable tourism developmentTourism growth in CambodiaTourist destinations in CambodiaTravel planning platformTravel website impactTrip
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Angkor Times
Angkor TimesExperienced
Asked: January 16, 2024In: Lifestyles

What makes the $1.8 billion tourism development plan for Sihanoukville so remarkable?

$1.8 Billion Tourism Oasis Unveiled for Sihanoukville A consortium comprising local and international development powerhouses has unveiled an ambitious joint investment venture, christened the ‘Sihanoukville Royal Heritage Village.’ Set to grace the landscape of Bet Trang commune in Prey Nob district, ...Read more

$1.8 Billion Tourism Oasis Unveiled for Sihanoukville

A consortium comprising local and international development powerhouses has unveiled an ambitious joint investment venture, christened the ‘Sihanoukville Royal Heritage Village.’ Set to grace the landscape of Bet Trang commune in Prey Nob district, Sihanoukville province, this tourism development plan marks a significant collaboration between five companies: Pitou and LJ from Cambodia, Amarta Pura from Indonesia, DCI from the Republic of Korea, and KWK from Singapore. The Memorandum of Understanding was officially inked in Phnom Penh on January 10.

Tourism development plan slated for Sihanoukville

Reports from local media indicate that the parties involved have committed to an in-depth study and eventual co-investment in the Sihanoukville luxury tourism city project.

Kheang Khemrin, a representative of the project, disclosed that the estimated value of the project stands at a staggering $1.8 billion, covering an expansive 22.5-hectare site in its initial phase.

“The project’s inception is planned on a 22.5-hectare area with the assistance of technical experts from Korea and Singapore. We envision expanding to 200 hectares in the future,” stated Kheang.

The comprehensive development, once finalized, is poised to integrate upscale amenities such as hotels, casinos, golf courses, supermarkets, international hospitals, universities, and sports tourism venues, with a keen focus on the luxury investment sector.

Kheang outlined the project timeline, revealing that the investment initiative is slated to kick off in mid-2024. The complete construction and infrastructure development necessary for the Sihanoukville Royal Heritage Village are anticipated to span a decade.

Post the recent signing of the MoU, the project partners are set to undertake master planning. Kheang emphasized the collaboration with relevant ministries to secure investment principles and adhere to regulations outlined in the Royal Government of Cambodia’s Sub-Decree No. 40, dated March 7, 2019.

“This development project aligns with the Royal Government’s decree, aiming to establish a Great Tourism Zone. It seeks to attract tourists from Malaysia, Indonesia, Korea, Japan, and China,” Kheang remarked.

Highlighting the meticulous groundwork, Kheang mentioned that the companies spent approximately a year and a half studying the project’s viability. They collaborated closely with investment partners boasting significant experience in large-scale project design across regional markets like Vietnam, Indonesia, Singapore, and Hong Kong.

“After the completion of the investment project, we anticipate contributing to Cambodia’s economy and tourism. We call upon all stakeholders, especially local authorities and relevant ministries, to collaborate, support, and promote the success of this investment for the nation’s benefit,” urged Kheang.

This announcement follows the inauguration of the Sihanoukville Tourism Port in July 2023, further instilling confidence in potential tourism operators. Operational since July 6, the port accommodates 20 small and large tourist boats simultaneously, with approximately 22,000 meters of portage.

Kouch Chamroeun, the provincial governor, lauded the new tourist port’s opening as a catalyst to attract national and international tourists to the province, fostering private tourism infrastructure developments.

Key Benefits

Economic Boost: The Sihanoukville Royal Heritage Village, with an estimated value of $1.8 billion, is poised to inject a substantial economic boost into the region, fostering job creation and economic growth.

Luxury Amenities: The comprehensive development is set to integrate upscale amenities, including hotels, casinos, golf courses, supermarkets, international hospitals, universities, and sports tourism venues, catering to the luxury investment sector.

Strategic Partnerships: The collaboration with technical experts from Korea and Singapore underscores strategic international partnerships, bringing diverse expertise to ensure the project’s success.

Tourism Magnet: Aligned with the Royal Government’s decree to establish a Great Tourism Zone, the project aims to attract tourists from key markets, including Malaysia, Indonesia, Korea, Japan, and China, turning Sihanoukville into a tourism magnet.

Extensive Planning: The meticulous year and a half spent on studying the project’s viability, coupled with collaboration with experienced partners, showcase a commitment to thorough planning and execution, ensuring long-term success.

Decade-Long Development: The ten-year timeline for construction and infrastructure development emphasizes a commitment to sustainable, well-thought-out growth rather than rapid but potentially unstable expansion.

Government Support: The project aligns with the Royal Government’s Sub-Decree No. 40, dated March 7, 2019, demonstrating a harmonious relationship with government regulations and an endorsement of the project’s adherence to established principles.

Post the recent signing of the MoU, the project partners are set to undertake master planning. Kheang emphasized the collaboration with relevant ministries to secure investment principles and adhere to regulations outlined in the Royal Government of Cambodia’s Sub-Decree No. 40, dated March 7, 2019.

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Angkor Times
Angkor TimesExperienced
Asked: October 18, 2023In: Make Money

What does Cambodia look like today?

Cambodia is a Southeast Asian country with a rich history and culture. It is home to the world-famous Angkor Wat temple complex, as well as many other beautiful and significant historical sites. Cambodia has also made significant progress in recent ...Read more

Cambodia is a Southeast Asian country with a rich history and culture. It is home to the world-famous Angkor Wat temple complex, as well as many other beautiful and significant historical sites. Cambodia has also made significant progress in recent years in terms of economic development and social welfare. However, the country still faces some challenges, such as poverty, corruption, and inequality.

Phnom Penh city skyline Cambodia
Phnom Penh city skyline Cambodia

Economy

Cambodia’s economy is growing rapidly, with an average annual growth rate of over 7% in recent years. The country’s main industries are agriculture, garment manufacturing, and tourism. Cambodia is also a major exporter of rice, rubber, and cassava.

The garment manufacturing industry is Cambodia’s largest employer, providing jobs for over 700,000 people. However, the industry has been criticized for its poor working conditions and low wages.

Tourism is another important sector of the Cambodian economy. The country receives over 6 million tourists each year, who are drawn to its ancient temples, beaches, and natural attractions.

Poverty and inequality

Despite Cambodia’s economic growth, poverty remains a problem. According to the World Bank, over 13% of Cambodians live below the national poverty line. Poverty is particularly high in rural areas and among ethnic minorities.

Inequality is also a major challenge in Cambodia. The richest 10% of the population control over 40% of the country’s wealth. This inequality is due in part to corruption and the lack of a strong social safety net.

Education and healthcare

Cambodia has made significant progress in improving education and healthcare in recent years. The government has increased investment in these sectors, and the results are starting to show.

The primary school enrollment rate is now over 95%, and the secondary school enrollment rate is over 70%. The government has also made progress in reducing child mortality and improving maternal health.

However, there are still some challenges in the education and healthcare sectors. For example, there is a shortage of qualified teachers and doctors, and many schools and hospitals lack adequate resources.

Environment

Cambodia is a country with rich natural resources. However, the country is also facing a number of environmental challenges, such as deforestation, water pollution, and climate change.

Deforestation is a major problem in Cambodia, with the country losing over 2% of its forest cover each year. This is due to a number of factors, including illegal logging, agricultural expansion, and urbanization.

Water pollution is another problem in Cambodia. The country’s rivers and lakes are polluted by industrial waste, agricultural runoff, and sewage. This pollution is a threat to human health and the environment.

Climate change is also a major challenge for Cambodia. The country is experiencing more extreme weather events, such as droughts and floods. These events are causing damage to crops and infrastructure, and displacing people from their homes.

Culture

Cambodia has a rich and diverse culture. The country’s official religion is Theravada Buddhism, which is practiced by over 90% of the population.

Cambodia is also home to a number of ethnic minorities, including the Cham, Khmer Loeu, and Vietnamese. These minorities have their own unique cultures and traditions.

The Cambodian language is Khmer, which is a member of the Mon-Khmer language family. Khmer is spoken by over 95% of the population.

Conclusion

Cambodia is a country that is undergoing rapid change. The country is experiencing economic growth, but it also faces challenges such as poverty, inequality, and environmental degradation.

Despite these challenges, Cambodia is a beautiful and vibrant country with a rich culture. The Cambodian people are resilient and optimistic, and they are working to build a better future for their country.

Here are some additional thoughts on what Cambodia looks like today:

  • Cambodia is a young country, with over half of the population under the age of 30. This young population is driving economic growth and social change.
  • Cambodia is becoming more urbanized. The urban population has grown from 15% in 1998 to over 40% today. This urbanization is putting pressure on infrastructure and services, but it is also creating new economic opportunities.
  • Cambodia is becoming more integrated into the global economy. The country has signed free trade agreements with China, the European Union, and other countries. This increased trade is helping to boost the Cambodian economy.
  • Cambodia is still recovering from the legacy of the Khmer Rouge regime. The Khmer Rouge killed an estimated 1.7 million people during their rule from 1975 to 1979. The country is working to rebuild its economy and society, and to come to terms with the past.

Cambodia is a country with a bright future. The Cambodian people are working hard to build a better life for themselves and their children.

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Angkor Times
Angkor TimesExperienced
Asked: September 15, 2023In: Make Money

How Cross-Border Payments Can Benefit Cambodians

“Cross Border Payments, A Boon for Cambodians”. Here are some of the key points: The growth of digital payments in Cambodia has been significant in recent years, driven by the COVID-19 pandemic and the launch of the Bakong payment ...Read more

“Cross Border Payments, A Boon for Cambodians”. Here are some of the key points:

  • The growth of digital payments in Cambodia has been significant in recent years, driven by the COVID-19 pandemic and the launch of the Bakong payment app by the National Bank of Cambodia (NBC).
  • The Bakong app is a centralized payment system that allows users to make and receive payments, transfer money, and pay for goods and services. It is supported by 70 financial institutions in Cambodia.
  • The KHQR (Khmer riel Quick Response) payment system is a QR code-based payment system that is also supported by the Bakong app. It allows users to make payments by scanning QR codes at merchants.
  • The NBC has also built payment system infrastructures with Thailand, Malaysia, Laos, and Vietnam to facilitate more efficient cross-border payments.
  • These developments are expected to boost trade, investment, tourism, and remittances in Cambodia.

Here are some of the benefits of cross-border payments for Cambodians:

  • They can make and receive payments more easily and conveniently.
  • They can save on fees associated with traditional cross-border payments.
  • They can access a wider range of financial services.
  • They can participate more easily in the global economy.

The growth of cross-border payments is a positive development for Cambodia. It has the potential to boost the economy and improve the lives of people.

In addition to the points mentioned in the article, I would also add that cross-border payments can help to reduce poverty and inequality in Cambodia. By making it easier for people to send and receive money, cross-border payments can help to support families and businesses in rural areas. They can also help to connect people with opportunities in other countries.

How Cross-Border Payments Can Benefit Cambodians
How Cross-Border Payments Can Benefit Cambodians
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