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Tourism in Siem Reap down 9% in 2015

The Phnom Penh Post reported that the number of international tourists visiting Siem Reap fell 9 per cent last year compared with 2014

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The Phnom Penh Post reported that the number of international tourists visiting Siem Reap fell 9 per cent last year compared with 2014, largely on a decline in European visitor arrivals, citing a tourism official.

Chhoey Chhan, head of Siem Reap’s provincial tourism department, said of the 5 million tourists that visited Siem Reap city last year, 2.1 million were foreigners, with European travelers registering a drop of 16 per cent.

He said Korean, Japanese and Vietnamese tourists dropped around 10 per cent, but European tourists dropped the most.

Chhan attributed the decline in European visitors to fears of terrorism, concerns over regional air safety and economic issues at home.

According to Chhan, the drop in European tourists was in part compensated by an increase in Chinese and Thai visitors, which registered a 14 and 9 per cent increase, respectively.

Ho Vandy, an adviser to the Cambodia Chamber of Commerce, agreed that some European tourists view Cambodia as an insecure travel destination.

However, he predicted that regional economic integration and local government strategies will cause tourism to rebound, particularly the launch of the Asean Economic Community and improved transportation between Asean countries.

Source: Siem Reap tourist traffic dips 9% in 2015 – Thai PBS English News

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Cambodia

CLMV’s economic growth crashes to two-decade low due to COVID-19

The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year

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The COVID-19 pandemic is having a negative impact on CLMV economies through their dependency on foreign-sourced revenue from tourism and exports says KResearchCenter.

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Cambodia

Cambodia’s aid and investment affair with China

China is Cambodia’s biggest aid provider and Chinese investors hold almost a quarter of Cambodia’s total FDI stock. Distinguishing Chinese aid from investment is difficult, but there is no doubting China’s huge economic impact in Cambodia.

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The debate about China’s rapidly growing global investment and development financing footprint has focused on deciphering Chinese intentions — whether China aims to revise or maintain the US-led ‘liberal international order’.

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Cambodia

Thailand pushes CLMVT as the “New Value Chain Hub of Asia”

The Ministry of Commerce, in cooperation with 11 relevant agencies, hosted the CLMVT Forum 2019 with delegates from Cambodia, Laos, Myanmar, Vietnam, and Thailand

National News Bureau of Thailand

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BANGKOK, 24 June 2019 (NNT) – Thailand’s Prime Minister, Gen. Prayut Chan-o-cha, today attended the opening of the CLMVT Forum 2019, and urged its member countries to push for the development of the CLMVT Regional Value Chain, so that they can have more bargaining power and improve the well-being of their citizens.

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