Economy and commerce

Premier Hun Sen seeks more investment from the US

Prime Minister Hun Sen yesterday said that although the COVID-19 pandemic has caused a severe impact on many Cambodians’ livelihoods and the economy, the government will not slow down its reform and development in any sector. ...

Sok Chan
https://www.khmertimeskh.com/50765232/premier-hun-sen-seeks-more-investment-from-the-us/

Higher budgets and more skills ‘needed to embrace digital transformation’

Cambodia is at risk of “getting left behind” if it doesn’t invest more in a digitally skilled workforce as local companies look to improve their business process and customer experience through “digital transformation”, according to a panel discussion on an industrywide survey. ...

Harrison White
https://www.khmertimeskh.com/50765233/higher-budgets-and-more-skills-needed-to-embrace-digital-transformation/

Boost for special economic zones

Cambodia exports via Svay Rieng province-based special economic zones (SEZs) alone reached more than $124.87 million in August, an increase of more than $57 million in July, according to figures from the Ministry of Commerce. ...

Sorn Sarath
https://www.khmertimeskh.com/50765345/boost-for-special-economic-zones/

UK FTA could be on horizon

Cambodia and the UK have vowed to boost their bilateral trade as the Kingdom looks to establish a bilateral free trade agreement with the country. The understanding was made during a meeting between secretary of state of the Ministry of Commerce Sok Sopheak and deputy ...

Thou Vireak
https://www.phnompenhpost.com/business/uk-fta-could-be-horizon

New manufacturing firms provide much-needed jobs

More foreign investment is being injected into Cambodia after a manufacturing company announced a new production line and an opening of more than 1,000 new jobs in Kampong Speu province. ...

Jason Boken
https://www.khmertimeskh.com/50764902/new-manufacturing-firms-provide-much-needed-jobs/

Cambodia-Japan trade reaches $1.1 billion in first seven months

Bilateral trade between Cambodia and Japan was recorded at $1,175 million in the first seven months of this year, inching down 5.7 percent compared to the same period last year. ...

Chea Vannak /AKP
https://www.khmertimeskh.com/50764528/cambodia-japan-trade-reaches-1-1-billion-in-first-seven-months/

Cambodia’s exports continue to face challenges amidst global headwinds

The Kingdom’s export to the international market is under threat although the country has secured regional and global free trade agreements, according to the Ministry of Commerce (MOC). ...

Sorn Sarath
https://www.khmertimeskh.com/50764362/cambodias-exports-continue-to-face-challenges-amidst-global-headwinds/

High oil tax ‘a burden’ on development

The high-rate of special tax of 10-25 percent on oil for production is one of the burdens facing the advancement of manufacturing industries in Cambodia that have a target to increase added-value by using machinery in the production chain, according to the Japanese Business Association ...

Sorn Sarath
https://www.khmertimeskh.com/50764153/high-oil-tax-a-burden-on-development/

$2.7 million of investment welcome in times of need

Logwood Apparel Co Ltd has been given the go-ahead from the Council for the Development of Cambodia (CDC) to build a factory in Kandal Stung district, Kandal province. The newly-approved project with a total investment of $2.7 million covers the production of clothes and medical ...

Jason Boken
https://www.khmertimeskh.com/50764132/2-7-million-of-investment-welcome-in-times-of-need/

Cambodia has exported more than 3 million tonnes of agricultural produce

More than 3 million tonnes of Cambodia’s agricultural products were exported as of Sept 11,  according to a report from the Ministry of Agriculture, Forestry and Fisheries.​ ...

Sok Chan
https://www.khmertimeskh.com/50764124/cambodia-has-exported-more-than-3-million-tonnes-of-agricultural-produce/

Move to unify non-banking finance regulators

A new non-banking financial services draft law designed to combine all non-banking regulators has been sent for legislative approval by Prime Minister Hun Sen during his most recent council of ministers meeting. ...

Kuch Nithatevy
https://www.khmertimeskh.com/50763856/move-to-unify-non-banking-finance-regulators/

Developing national entrepreneurship

The first National Entrepreneurship Award 2020 ended last month with a fruitful achievement. Meanwhile, the government is looking to scale up and make the second National Entrepreneurship Award more attractive for next year, according to a senior executive of Khmer Enterprise (KE), an implementation unit ...

Sok Chan
https://www.khmertimeskh.com/50764035/developing-national-entrepreneurship/

Japanese investments in Cambodia

Cambodia and Japan have just held the 20th Cambodia-Japan Public-Private Sector Meeting under the agreement for the liberalisation, promotion and protection of investment. This is the only bilateral mechanism between the two countries to promote diplomatic, economic, trade and investment cooperation. ...

Sorn Sarath
https://www.khmertimeskh.com/50763633/japanese-investments-in-cambodia/

Capital market grows in face of Coronavirus

While some sectors in the country have been hit by the COVID-19 pandemic this year, the capital market in contrast saw growth in terms of listing companies and investors, said Sou Socheat, director-general of the Securities and Exchange Commission of Cambodia (SECC). ...

Sok Chan
https://www.khmertimeskh.com/50763658/capital-market-grows-in-face-of-coronavirus/

Trials and tribulations of entrepreneurship

A lot of young Cambodian adults now want to operate their own business rather than working for others. This trend has been rising year-on-year because they think working for themselves would help them become rich rapidly. ...

Sok Chan
https://www.khmertimeskh.com/50763049/trials-and-tribulations-of-entrepreneurship/

Foreign investors complain about the Kingdom’s business strictures

Foreign investors have asked the Cambodia government to reduce the cost of a certificate of origin (CO), which is currently far more expensive than other countries in ASEAN.​ ...

Sorn Sarath
https://www.khmertimeskh.com/50762873/foreign-investors-complain-about-the-kingdoms-business-strictures/

Germany pledges to support SME sector

The German government has pledged to support Cambodia’s small and medium enterprise (SME) sector to be more competitive, focusing on the agro-industry and food processing. ...

Sorn Sarath
https://www.khmertimeskh.com/50762872/germany-pledges-to-support-sme-sector/

Cashew nut prices in decline

Cambodia’s cashew nut prices slightly dropped because of border closures caused by the COVID-19 pandemic, although some goods are being let through. ...

Kuch Nithatevy
https://www.khmertimeskh.com/50762676/cashew-nut-prices-in-decline/

Business cluster to boost economy

The  $30 million Worldbridge SME (small and medium enterprise) Cluster will break ground next month, according to a senior executive of Worldbridge Industrial Developments, the company behind the Industry 4.0 infrastructure.​ ...

Sok Chan
https://www.khmertimeskh.com/50762433/business-cluster-to-boost-economy/

Grim findings on wages after COVID-19 struck

A nationwide COVID-19 economic impact study has found that overall salaries across Cambodia have decreased by around 30 percent in just four months (between January and April this year) with entertainment and sex workers reporting an 85 percent decline in income. ...

Harrison White
https://www.khmertimeskh.com/50762432/grim-findings-on-wages-after-covid-19-struck/

Contact us

Contact us

Do you have questions on the content published by Open Development Cambodia (ODC)? We will gladly help you.

Have you found a technical problem or issue on the Open Development Cambodia (ODC) website?

Tell us how we're doing.

Do you have resources that could help expand the Open Development Cambodia (ODC) website? We will review any map data, laws, articles, and documents that we do not yet have and see if we can implement them into our site. Please make sure the resources are in the public domain or fall under a Creative Commons license.

File was deleted
ERROR!

Disclaimer: Open Development Cambodia (ODC) will thoroughly review all submitted resources for integrity and relevancy before the resources are hosted. All hosted resources will be in the public domain, or licensed under Creative Commons. We thank you for your support.

CDEBv
* The idea box couldn't be blank! Something's gone wrong, Please Resubmit the form! Please add the code correctly​ first.

Thank you for taking the time to get in contact!