Cambodia's Labor Market Booms: Businesses and Employment Surge in Three Years
Business

Cambodia's Labor Market Booms: Businesses and Employment Surge in Three Years

Cambodia's Ministry of Labor and Vocational Training announced significant growth in the labor market over the past three years, with the number of enterprises and factories nearing 50,000 and formal employment reaching 2.3 million. This reflects the government's proactive employment policies and economic expansion.

This article requires PRO

This article is outside the free access window or is a special report. PRO unlocks it and the full archive.

  • Cambodia Launches 12th Social Accountability Project Mission with World Bank Support

    Cambodia has launched the 12th mission of the World Bank-supported Social Accountability Project, led by the Secretariat of the National Committee for Sub-National Democratic Development (NCDD). The mission aims to review past achievements, identify challenges, and set future priorities.

  • European Residency Investment Seminar to be Held in Phnom Penh

    Isaford Immigration will host a seminar in Phnom Penh on November 6, focusing on European residency and investment opportunities. The event will explore pathways through investment and business visas, with a particular emphasis on Italy, Portugal, and Hungary.

  • Wing Bank Launches WingGen to Empower Young Cambodians Financially

    Wing Bank has launched WingGen, a new financial platform aimed at enhancing financial management skills among young Cambodians. The platform also includes features for parental oversight, fostering financial literacy for the next generation.

  • Cambodia's Banking Sector Needs 'Ten Commandments' for Trust

    Amidst bank failures and U.S. sanctions in Cambodia, a banking industry expert has proposed 'Ten Commandments for Banking' to restore trust. The proposal emphasizes the importance of addressing customer anxieties, such as the inability to withdraw deposits, by promoting ethical practices and sound management.