Economy and commerce

Cambodia’s global non-gold trade exceeded $36 billion in the first 11 months of 2021, rising by more than 24 per cent year-on-year, according to Ministry of Economy and Finance data. ...

Vietnam bought nearly 80 percent of Cambodia’s nearly $5 billion worth of agriculture exports last year. ...

Cambodia earned about $66.13 million from the export of live adult animals and products of animal origin in 2021, a 40.1 per cent surge from $47.18 million a year earlier, the General Directorate of Animal Health and Production reported. ...

Cambodia is looking for workarounds to ship cargo to China while avoiding the risks and problems associated with ongoing severe congestion at Sino-Vietnamese land border gates, which has been blamed on Beijing’s response to the SARS-CoV-2 Omicron variant and its “dynamic zero-Covid” policy. ...

Prime Minister Hun Sen said his government intends to widen National Road 4 using its own budget for road construction after waiting for donor funding for the project to materialise for a number of years now with no success.   ...

The Cambodia-Korea Free Trade Agreement (CKFTA) is set to enter into force 60 days after the Kingdom’s Ministry of Commerce and South Korean counterpart have notified each other that their respective internal procedures have been completed, as affirmed by ministry spokesman Pen Sovicheat. ...

Cambodia imported road vehicles worth $977.4 million in the first 10 months of 2021, up by more than eight per cent from $901 million in January-October 2020, according to Ministry of Commerce data. ...

In the first semester of 2021, Chinese investment in the Kingdom remained the highest of any foreign nations. The total value of Chinese finance reached around $5 billion, an increase of 31 percent when compared to the previous year. ...

Cambodia exported some 5.18 million tonnes of non-rice agricultural products in 2021, a 48.14 percent increase compared to the same period last year. ...

Cambodia exported some 5.18 million tonnes of non-rice agricultural products in 2021, a 48.14 percent increase compared to the same period last year. ...

Bilateral trade exchange between Cambodia and the United Kingdom reached some $645 million in the first ten months of this year, a decline of 13 percent compared to the same period in 2020. ...

Bilateral trade between Cambodia and the United Sates was valued at about $6.35 billion in the first ten months of 2021, a year-on-year increase of 40 percent. ...

Cambodia has issued 36 certificates for the import and export of a total of $24 million worth of precious and industrial-grade rough gemstones in 2021, down by 45 per cent from $43.7 million in 2020, covered by 45 permits, according to Ministry of Commerce data.​ ...

Cambodia is set to enjoy a considerable boost in milled-rice exports to the EU next year after safeguard measures imposed by the European Commission (EC) expire at the onset of January 18. ...

The Regional Comprehensive Economic Partnership (RCEP) will enter into force on January 1, and local economists and businessmen expect huge benefits from one of the world’s largest free trade agreements. ...

Despite the outbreak of Omicron, a new COVID-19 variant of concern, Cambodia will continue to fully resume its socio-economic activities which began since Nov. 1, 2021. ...

In the week ahead, world leaders are expected to deliver their New Year’s Eve addresses as people all over the globe ring in the year of 2022, which is when the Regional Comprehensive Economic Partnership (RCEP) agreement will take effect. ...

The Minister of Labor and Vocational Training said that even in the context of Covid-19 pandemic, Cambodia received and approved 195 new investment projects and 43 production expansion requests that could create more than 150,000 jobs. ...

The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) plans to waive collateral requirements for new loans to qualifying local small- and medium-sized enterprises (SME) soon, to reduce the barriers and obstacles that limit their access to the necessary cash to fund ...

Cambodia and Vietnam have negotiated an agreement on agriculture to strengthen import-export controls and prevent the illegal cross-border timber and wildlife trade, among other issues, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. ...

Ms. Chea Serey, Director General of the National Bank of Cambodia, has highlighted  the importance of small and medium enterprises (SMEs) that have contributed significantly to supporting the national economic growth and helping the livelihood of people living in rural areas. ...

Vietnam needs to improve the scale and quality of investment in Cambodia, promoting a new wave of investment, President Nguyen Xuan Phuc stated while meeting Vietnamese Cambodian enterprises on December 22 during his State visit to Cambodia. ...

Tourists and Chinese investors are gradually making their way back to Preah Sihanouk province, as the Covid-19 situation in the Kingdom eases and socio-economic activities pick up pace following early November’s full reopening announcement, according to a spokesman for the coastal province. ...

Cambodia and Thailand have pledged to deepen bilateral relation across all sectors with a special focus on reviving the two economies in the wake of pandemic-induced fiscal challenges.   ...