Most of the victims were crushed or drowned, as thousands panicked when several people were electrocuted while celebrating the end of the festival.
Prime Minister Hun Sen apologised for the disaster on state TV. Some 278 people were originally reported dead by two hospitals. Among these, some 240 were reportedly women.
Many people died by leaping off the bridge across the tributary of Tonle Sap river in Phnom Penh to Diamond Island, according to authorities.
Others were trampled to death in the panic.
An investigation into the incident has been ordered by the Prime Minister as the recovery of bodies continues.
Stampede In Cambodia Kills 339
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