Economy and commerce

Minister of Economy and Finance Aun Pornmoniroth has pegged Cambodia’s economic growth at 5.6 per cent for 2022, reflecting national progress towards herd immunity against Covid-19, underpinned by vaccination rates that rank among the best globally and that have motivated the government to allow the ...

The General Department of Taxation (GDT) has said it will work with 49 businesses that provide online services in Cambodia to promote the implementation of value-added tax (VAT) on e-commerce transactions, in a move that responds to the recent boom in the online market. ...

Over the past few years, digital financial services have seen greater adoption in Cambodia, a trend that was accelerated by the COVID-19 pandemic and the social distancing measures put in place to limit the spread of the virus. ...

Cambodia and Morocco are planning a business forum geared towards expanding bilateral trade and investment cooperation, bridging investors of both countries, according to Cambodian ambassador to Thailand Ouk Sorphorn. ...

Cross-border trade in 2021 between Thailand and Cambodia expanded by 16.63 percent to 144.9 billion bhat last year, am amazing achievement despite the borders being closed significantly last year. ...

A Japanese company plans to invest in silk production, breeding silk worms in Battambang province to process into consumer products and exports, to boost economic growth and create more local jobs. ...

The bill sailed through the National Assembly on December 29, the 9th Committee of the Senate on December 30, and the Senate on January 6. All votes were unanimous. The document was enacted into law by a Royal Code signed by the King on January ...

Cambodia exported more than $96.3 million worth of milled and paddy rice in the first month of this year, providing positive signs for the industry on the whole, according to the Cambodia Rice Federation (CRF). ...

The government has put the Cambodian Digital Government Policy 2022-2035 into use, in a bid to create a more conducive environment for the development of the digital socio-economic landscape. ...

Phnom Penh Governor Khuong Sreng requested Japanese investors, through the Japan-Cambodia Association (JCA), to consider investing in the agriculture sector and other sectors. ...

The Ministry of Commerce has called local small and medium enterprises to join an online marketplace where they can display their products for sales, citing that the online marketplace will soon be launched. ...

Cambodia was among the Greater East Asian countries hardest hit by the Covid-19 pandemic. However meaningful steps to spur domestic investment, greater productivity among businesses and workers, and a more diversified export portfolio will be key to regain sustained economic growth, according to the World ...

The Ministry of Agriculture is set to conduct a study on the phytosanitary requirements to export durian to China in the near future. ...

The Council for the Development of Cambodia (CDC) approved final registration certificates for 25 projects in the first month of 2022, with total registered capital of nearly $2.3 billion and expected to create 23,175 jobs.   ...

Chinese customs has given Cambodia three weeks to ensure that a list of shortcomings will be taken care of, as required by Beijing, before signing a formal protocol allowing the direct export of Cambodian “pra” fish to China. ...

The mega free trade pact of the Regional Comprehensive Economic Partnership took effect in South Korea on Tuesday. ...

His Majesty King Norodom Sihamoni, King of the Kingdom of Cambodia, has signed into law the ratification of the Free Trade Agreement between Cambodia and South Korea on January 29, 2022, after it was cleared by the National Assembly and Senate. ...

Banteay Meanchey Governor has requested the Japanese-Cambodian Association to attract Japanese investors to do business in the province. ...

Cambodia Airports has announced the resumption of domestic flights of some airlines as the number of flights to Cambodia continues to increase. ...

Cambodia’s tourism industry is projected to rebound in 2022 after a two-year significant fall due to the COVID-19 pandemic, a tourism official said on Tuesday. ...

Cambodia is looking to work with Alibaba Group to bring local products to markets in China and countries in Asia, Europe and Africa through the Lazada app, and increase exports by domestic small- and medium-sized enterprises (SME).   ...

The trade volume between Cambodia and China reached more than $11.1 billion last year, representing a 37.28 per cent year-on-year surge, the Chinese embassy in Phnom Penh reported, quoting figures from the Ministry of Commerce.   ...

The enactment of the new investment law, along with the success of the Covid-19 vaccination campaign, is creating an ever-growing pool of rewarding investment opportunities in the Kingdom, according to Council for the Development of Cambodia (CDC) secretary-general Sok Chenda Sophea. ...

The blow to Cambodia’s economy from the COVID-19 pandemic was among the most pronounced in East Asia, but the country can regain sustained economic growth by increasing productivity among firms and workers, diversifying exports, and taking steps to boost domestic investment, the World Bank says ...