Economy and commerce

The value of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) reached $2.234 billion in 2021, marking a 42.75 per cent rise from $1.565 billion a year earlier, according to a statement released by the operator on January 10. ...

Construction of RMA (Cambodia) Plc’s vehicle assembly plant is 100 per cent complete and installation of the facilities and equipment is nearing the 70 per cent mark, with all signs indicating that production could begin in early April, according to the locally-listed firm’s CEO Ngorn ...

Despite a modest improvement in the Covid-19 situation in Cambodia, the number of new projects outside of special economic zones (SEZ) approved by the Council for the Development of Cambodia (CDC) saw a sharp decline in January-November 2021 compared to the same period a year ...

The newly upgraded 84.74km stretch of National Road 5 – from Battambang town north to Banteay Meanchey provincial capital Sisophon – will improve trade, tourism and investment between Cambodia and Thailand, according to Prime Minister Hun Sen. ...

Cambodia has a new investment law that offers incentives to foreign investors to inject direct investment into the country. ...

Increasing orders for footwear and travel goods from international markets and the opening of new factories in the Kingdom have contributed to labour shortages in the sector, according to Cambodia Footwear Association (CFA) president Ly Kunthai. ...

Bilateral trade between Cambodia and the US in the first 11 months of 2021 topped $8.396 billion, surging by more than 32.1 per cent from over $6.355 billion in the same period last year, according to US Census Bureau (USCB) data on January 10. ...

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. ...