Cambodia's economic growth is projected to slow sharply to 2.5 percent in 2020 due to the impact of the COVID-19 outbreak, according to a World Bank's report released on March 31.
The Cambodian government on March 31 decided to give tax breaks for three months from March to May this year to aviation companies to help offset losses caused by COVID-19.
The Vietnamese Government has decided to suspend cross-border activities of individuals at main and secondary border gates, and trails in border areas sharing with Cambodia and Laos from April 1 as part of measures to effectively prevent the spread of COVID-19.
Trade activities across the Vietnam- Cambodia border have been maintained despite the halt of entry and exit of citizens and tourists as a measure to curb the spread of the acute respiratory disease caused by the coronavirus SARS-CoV-2 (COVID-19).
Spokesperson of the Cambodian Ministry of Labour and Vocational Training Heng Sour said over 50 factories have filed for work suspension, affecting nearly 30,000 workers, the Phnom Penh Post reported.
The number of international flights to and from Cambodia’s three airports in March is forecast to fall by around 40 percent compared to that in December last year since the COVID-19 outbreak.
The Asian Development Bank (ADB) forecast Cambodia will lose more than 390 million USD due to the economic impact of the novel coronavirus disease (COVID-19) outbreak this year, the Phnom Penh Post reported.
Ministries and sectors of Cambodia are ramping up efforts against the COVID-19 pandemic as the number of infection cases in the country had reached 87 as of March 23 evening.
The Cambodian Ministry of Mines and Energy affirmed on March 19 that the country’s newly-approved Master Plan for 2020-2030 will not include the construction of new hydropower dams along the Mekong River.