Cambodia sees new policy framework, ADB loan & BFC extension in 2022

Implementation of the National Policy Framework for Cambodia’s Economic Productivity 2022-35, a pact with Japan to make Sihanoukville a major port, a $50-million loan from the Asian Development Bank to back economic diversification and boost competitiveness, and extension of the Better Factories Cambodia (BFC) programme for five years marked the year 2022 in Cambodia, writes Dipesh Satapathy.

Here is a peek into some of the major development in the country this year.

The country’s apparel exports amounted to $7.75 billion between January and October this year, compared to $6.54 billion a year earlier, data from the general department of customs and excise showed. The figure represents around 41.3 per cent of Cambodia’s total foreign income of $18.75 billion for the period.

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