Economy and commerce

Cambodia and South Korea signed a memorandum of understanding (MoU) on cooperation between the South Korean province of Kyungsangbukdo and the Asian Cultural Council (ACC) of Cambodia on the “New Village Movement” project on September 12. ...

Prime Minister Hun Manet inaugurated the expanded container terminal at the Sihanoukville Autonomous Port (PAS) today, September 12, which now has the capacity to handle up to one million twenty-foot equivalent units (TEU) annually. ...

The Ministry of Agriculture, Forestry and Fisheries has announced that a delegation from Zhengzhou, the capital of China’s Henan province, has expressed interest in Cambodian products, including “high-quality and delicious rice”, and intend to process them for export to Chinese and international markets. ...

State-owned Phnom Penh Autonomous Port’s revenue for August 2024 climbed 25 percent to $4.4 million from last year, amid buoyant growth in container TEUs and cargo volumes between January and August this year. ...

Prime Minister Hun Manet Tuesday welcomed the US companies seeking investment opportunities and interested in exporting Cambodian agricultural products to the US market, as well as promoting cooperation in the field of education in the Kingdom. ...

Cambodia’s trade with China enjoyed robust growth of 24.5% in the first eight months of this year, said an official report released on Tuesday. ...

The President of the Cambodia Rice Federation (CRF) Chan Sokheang, stated that this year, Cambodia’s rice exports will expand into new markets, including several islands and nine additional countries, with most buyers purchasing fragrant rice. ...

A total of 53 new and expansion investment projects with a combined value of over $1 billion were approved by the government in August. These projects aim to enhance domestic production capacity and boost the export of Cambodian-made goods to international markets. ...

The soft launch of the electronic Know Your Business (e-KYB) system was recently held at the Techo Startup Center in Phnom Penh. ...

The Council for Development of Cambodia (CDC) approved 53 new projects worth $1.2 billion in August, generating approximately 33,000 jobs for the local people, said a report yesterday. ...

Battambang Chamber of Commerce (BCC), Banteay Meanchey Chamber of Commerce (BMCC) and Trat Chamber of Commerce of Thailand Friday discussed the opening of a permanent economic checkpoint to promote the exchange of goods along the border of the two countries. ...

Two tyre manufacturing factories, with a total investment of $686 million, were approved by the Council for the Development of Cambodia (CDC) in August, creating 3,459 jobs. ...

Cambodia Friday urged Indonesian companies to invest 100 percent in rice mills with options to export not only to Indonesia but also to other countries as well. ...

The Ministry of Industry, Science, Technology & Innovation (MISTI) hosted a workshop on Friday, titled “Cambodia’s National R&D Management System,” aimed at bolstering the research ecosystem by helping researchers choose innovative research topics and transfer their results for socio-economic benefits. ...

Farmers are being urged to cultivate the award-winning Sen Kro Ob 01 fragrant rice variety due to its potential for bigger yields and higher prices, both domestically and internationally. ...

The Minister of Industry, Science, Technology & Innovation Hem Vanndy, yesterday delivered a keynote address on the development of Cambodia’s informal economy to about 200 students at CamEd Business School. ...

The Minister of Education, Youth, and Sports Hang Chuon Naron, yesterday received a courtesy call from Santo Darmosumarto, Ambassador of the Republic of Indonesia to Cambodia, to further strengthen and expand cooperation in the field of education, youth, and sports between the two countries. ...

Cambodia’s economy is projected to grow by 5.6 % this year, up from 5% compared to last year, boosted by a rise in garment exports and ongoing tourism recovery, said an ASEAN+3 Macroeconomic Research Office (AMRO) press release on Thursday. ...

Cambodia exported 412,023 tonnes of milled rice in the first eight months of this year, with a revenue of $305 million, the Cambodia Rice Federation said in a news release on Thursday. ...

Cambodia’s economy is projected to grow by 5.6 percent in 2024 and 5.9 percent in 2025. The recovery momentum is driven by a rebound in the garment sector and sustained growth in the non-garment manufacturing sector. ...

Bilateral trade between Cambodia and Thailand is expected to reach $15 billion by 2025, said a release on Wednesday. ...

The Philippines is committed to boosting investment in Cambodia’s rice and pepper sector for export to the Philippine market. ...

Cambodia and China will sign a $2 million deal under the Mekong-Lancang Cooperation Special Fund 2024 to support eight projects across various sectors, reflecting their commitment to regional development. ...

The Federal Government of Germany is providing $3.12 million under the auspices of Norwegian People’s Aid (NPA) to support demining activities in Banteay Meanchey and Oddar Meanchey provinces for the next two years. ...