Agriculture experts, however, say climate change is putting Cambodia’s rice harvest at ever great risk of floods and drought.
Following negotiations with Cambodian officials, Germany decided to approve a package of $34 million in loans and $32 million in grants.
Cambodia and Nepal are discussing joint steps to promote direct flights between the countries and to open the embassies in their capitals.
Premier Hun Sen and visiting Nepalese Prime Minister K.P. Sharma Oli encouraged businesses in their countries to explore mutual trade and investment opportunities.
The decline in textiles production would also lead to a decline in garment exports of between $320 million and $381 million, the World Bank said.
Cambodia is the beneficiary of China’s massive Belt and Road Initiative, which was announced by Chinese president Xi Jinping in 2013.
A business in Washington DC is working to empower women who have been victims of gender-based violence by targeting the growing number of consumers who are socially and environmentally conscious. VOA Khmer's Seourn Vathana narrates.
Recently, the US embassy posted a comment on its Facebook about a trade deficit between China and Cambodia, which angered Chinese embassy officials in Phnom Penh.
Service was suspended in the early 1970s when the track was destroyed during Cambodia's civil war; security was only restored in the late 1990s.
The EU is currently assessing Cambodia’s membership of the scheme following a deterioration in human rights and democratic standards.
In February, the European Commission launched an official process that could see Cambodia being temporarily withdrawn from EBA, due to a dramatic decline in human rights and democratic standards.