Economy and commerce

Cambodia’s strategic plan on garment, footwear and travel goods development 2021-2024 will attract more investment and contribute to sustainable development in the sector, Ith Samheng, minister for labour and vocational training, told Okhna Kong Sang, president of Garment Manufacturers Association in Cambodia (GMAC) in Phnom ...

A whopping 30 per cent of Cambodian exports of textile-related products in 2021 went to the US, outstripping many major buyers, despite the global battle against Covid-19, according to the Ministry of Labour and Vocational Training on March 7.   ...

Bilateral trade between Cambodia and Japan rose 2.1 percent to $181 million in January this year, compared to the same month in the previous year. ...

The fourth quarter in 2020 saw the start of a sharpest global FDI uptrend since the 2008 recession, which resulted in a global FDI flow of $1.65 trillion in 2021, up 77 percent from $929 billion in 2020. South East Asia netted $184 billion, surpassing ...

The Cambodian Rice Federation (CRF) said the Kingdom exported more than 100,000 tonnes of rice to China as part of the Sixth Memorandum of Understanding, which provides a quota of 400,000 tonnes rice exports from Cambodia to China. ...

Uncertainty over business conditions and the impact of the spread of Covid-19 has prompted the Ministry of Commerce to postpone the issuing of fines until July for online business owners who are late to apply for e-commerce permits or licences. ...

Experts have warned that recent growth in garment industry exports may not translate to improved profit margins owing to increased production costs, as the latest industry figures reveal that exports of textile-related products in 2021 increased by over 15 per cent from the year before. ...

The Russia-Ukraine conflict will have no significant influence on Cambodia’s rice exports, according to the Cambodia Rice Federation (CRF). ...

A senior official at the World Economic Forum (WEF) has expressed support for Cambodia’s chairmanship of ASEAN, committing efforts to find ways of helping the Kingdom achieve its goals in the fields of digital commerce and investment facilitation, the Ministry of Commerce said in a ...

Australia has reaffirmed its commitment to furthering business dealings with Cambodia, as data from the commerce ministry revealed that bilateral trade volume between the two countries reached $324.492 million in 2021 – a 52 per cent surge year-on-year despite the ongoing Covid-19 crisis. ...

Three finance industry associations have jointly developed a new code of conduct aimed at ensuring transparency, building trust and strengthening customer protection in the Kingdom’s banking and finance sector. ...

The Russia-Ukraine war will have no significant influence on Cambodian milled-rice exports, according to the Cambodia Rice Federation (CRF). ...

Minister of Justice Koeut Rith led a meeting of an ad-hoc sub-commission to implement an action plan devised by the Asia/Pacific Group on Money Laundering. It is hoped that the plan will solve the remaining issues the Kingdom faces and result in a positive evaluation ...

Cambodia and Oman have agreed to upgrade cooperation in trade and investment, identify priority areas, and explore the grounds to draw up agreements that resonate with both countries’ unique resources and abilities, according to the Ministry of Commerce. ...

Cambodia attracted fixed-asset investment of $4.35 billion in 2021, according to a report from the Council for the Development of Cambodia on Thursday. ...

The government has drafted official roadmaps for the development of the automotive and electronics sectors in Cambodia, to create more than 22,000 new jobs and raise exports past $2 billion over the next five years. ...

The trade volume between Cambodia and Czech Republic reached around $126 million in 2019. However, due to the adverse impact of Covid-19, trade between both countries shrank to about $80 million by 2020 and 2021. But Cambodia’s Minister of Commerce Pan Sorasak expects an improvement ...

A shoe exporter has become the first company in Cambodia to receive a Certificate of Origin (CO) to export goods to China under the Regional Comprehensive Economic Partnership (RCEP) ratified in October last year.   ...

Economists and manufacturing players are concerned about the relentless rise in Cambodian fuel prices, which they blame for a general upswing in the prices of other goods and services – a trend many fear may be extended by Russia’s military offensive in Ukraine.   ...

Telecommunications Minister Chea Vandeth stated that the Royal Government has launched a plan to transform Cambodia into vibrant digital economy and society. ...

Deputy Prime Minister Men Sam An reaffirmed that the political and trade ties between Australia and the Kingdom of Cambodia remain strong. ...

Oriental Bank, a new bank in Cambodia with a digital-first strategy, has announced that it has chosen global payment provider BPC to power its digital banking experiences. ...

The Royal Government of Cambodia will soon launch a strategy to develop the garment, bag and footwear sector as a roadmap for promoting the development of the industry towards growth and competitiveness. ...

Cambodia will export 400,000 tonnes of dried cassava to the Guangxi Zhuang Autonomous Region “from March 2022 to March 2023”, under a new agreement between the Ministry of Commerce and the southwestern Chinese region, according to the ministry. ...