Economy and commerce

Prime Minister Hun Manet on Friday said that the Council for the Development of Cambodia (CDC) approved 414 investment projects worth $6.90 billion in 2024, an increase of 40 percent compared to $4.92 billion last year. ...

Bilateral trade volume between Cambodia and South Korea reached $762 million in 2024, an increase of 11.49 percent compared to the previous year, according to a report from the Ministry of Commerce (MoC), released yesterday. ...

Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance Wednesday joined Sandrine Boucher, French Development Agency (AFD) Country Director, Fabrice Etienne, Chargé d’Affaires of the French Embassy to the Kingdom of Cambodia, and Bryan Fornari, Head of Cooperation, EU Delegation in Cambodia to ...

In its annual Cambodia Economic Update, released this month, the World Bank notes that only 39 per cent of Cambodian firms cite inadequate education as an obstacle to doing business. ...

Prak Sokhonn, Minister of Foreign Affairs and International Cooperation, and Maris Sangiampongsa, Thailand’s Minister of Foreign Affairs, have agreed to collaborate in advancing their strategic partnership. ...

Cambodia’s Gross Domestic Product (GDP) growth is projected to marginally improve, reaching 5.5 percent in 2025 and 2026, according to the World Bank’s ‘Cambodia Economic Update: From Recovery to Resilience – Harnessing Tourism and Trade as Drivers of Growth,’ released recently. ...

Cambodia is trialing a new e-invoicing system to make it compulsory for companies as early as next year.​ ...

The Ministry of Commerce (MoC) and the Ministry of Trade, Industry and Energy of the Republic of Korea (MOTIE) Saturday jointly organised a business event to strengthen bilateral relations by fostering strategic trade partnerships and enhancing the Kingdom’s investment potential. ...

Trade between Cambodia and Vietnam reached $7.08 billion in the January to November period of the year, a rise of 20.6 percent, even as the neighbouring country consolidated its position as the second-biggest export market of the Kingdom, next only to the United States. ...

The Royal Government of Cambodia (RGC) yesterday introduced a new digital registration system for the informal economy to provide support and access to resources to enhance their business growth and improve citizens’ living standards. ...

As Cambodia approaches its graduation from the Least Developed Country (LDC) status in 2029, government officials and private sector representatives have emphasized the critical role of free trade agreements (FTAs) and trade preferences in sustaining the country’s economic growth. ...

Senate President Hun Sen, during a joint press conference with the Turkish Parliament Speaker Numan Kurtulmus in Türkiye on Thursday, expressed hope that the world would play a constructive role in resolving conflicts, emphasising that sanctions are not a solution to global problems. ...

Prime Minister Hun Manet called on and encouraged informal economy workers to register in order to take advantage of various benefits that can improve their living standards and contribute to the country’s economic development. ...

In the first 11 months of 2024, Cambodia received approximately 6 million international tourists, an increase of 22 percent compared to the same period in 2023. ...

The “Digital Platform for Onboarding the Informal Economy” was launched here this morning under the presidency of Prime Minister Hun Manet. ...

Prime Minister Hun Manet issued a sub-decree outlining procedures for registering participants in the informal economy on Saturday. This initiative aims to establish identification records, categorise work types, and collect data on businesses and professions within the informal sector. ...

Preah Sihanouk authorities are calling for regional cooperation to combat online fraud, citing the complexity of these crimes and the need for stronger law enforcement efforts. This comes ahead of an investment summit aimed at attracting investors and addressing the unfinished buildings in the province. ...

Cambodian Minister of Commerce Cham Nimul said on Friday that the country’s trade with Regional Comprehensive Economic Partnership (RCEP) countries hit $31.36 billion during the January-November period of 2024. ...

Minister for Labour and Vocational Training Heng Sour Thursday told a visiting South Korean business delegation that Korea should set up a Special Economic Zone in Cambodia to take advantage of the Kingdom’s strong pro-investment policies. ...

In an ongoing bid to nurture Cambodian small to medium sized enterprises (SMEs) transitioning into larger organizations, the Entrepreneur Investment Support (EIS) platform, a pilot program under the Enhancing Entrepreneurial Ecosystem and Investments (3Ei) initiative co-financed by the Swiss Agency for Development and Cooperation (SDC), ...

Cambodia’s exports of garments, footwear and travel goods (GFT) surged by 25.23 percent in the first eleven months of this year, compared to the same period last year, earning the country $12.51 billion, the latest trade data of the General Department of Customs and Excise ...

Hem Vanndy, Minister of Industry, Science, Technology & Innovation, met here on Dec. 11 with a delegation from the Chinese Investment in Cambodia Association and 86Links Co., Ltd. ...

The Ministry of Economy and Finance has announced the soft launch of the “Cambodia E-Invoicing System”. ...

Australian think-tank, Asialink Business, recently released the ‘Doing Business Guide 2024: Cambodia’ in a bid to improve business cooperation between the two countries. According to the report, Cambodia currently offers targeted opportunities for expanding Australian businesses, thanks to its rapidly growing economy, strong regional connections across ...