Economy and commerce

Pan Sorasak, Minister of Commerce, met with Dr. Sarah Taylor, Ambassador of Canada to the Kingdom of Cambodia to enhance cooperation between the two countries and promote some priority areas. ...

Approximately $2.295 billion was collected as customs revenue in 2021, about 97.1 percent of the yearly plan, according to the data from the General Department of Customs and Excise (GDCE). ...

Cambodia’s garment, footwear and travel goods industry has seen a 15.2 percent rise in exports in 2021, according to a report from the General Department of Customs and Excise on Saturday. ...

Phnom Penh International Airport handled 55,000 tonnes of air freight in 2021, surging by about 28 per cent from a year earlier, according to a State Secretariat of Civil Aviation (SSCA) report. ...

Swisscontact, on behalf of the World Trade Organisation’s (WTO) Global Alliance for Trade Facilitation (GATF), on February 8 launched a new e-trade portal project in partnership with two Cambodian government institutions – the General Department of Customs and Excise (GDCE) and Cambodia Post. ...

The Ministry of Economy and Finance will announce the announcement of additional funding of $100 million for the Cambodian Small and Medium Enterprise Bank and the Agricultural Rural Development Bank  to provide additional support to SMEs, agriculture and agriculture. Industry according to the press release ...

The bilateral trade between Cambodia and the US amounted to $9,159 million in value in 2021, a 15.8 percent increase compared to the same period last year, according to a report the US Census Bureau issued on Wednesday. ...

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. ...