Economy and commerce

The South Korean government has vowed to provide a $3.3 million grant to the Ministry of Agriculture, Forestry and Fisheries to implement a project to boost production of high-value vegetable crops and improve farmers’ livelihoods in the northeastern province of Mondulkiri, according to a senior ...

The National Assembly (NA) approved the draft Law on Investment at a plenary session on September 9, which will undeniably play a vital role in attracting local and international investors to the domestic market. ...

Prime Minister Hun Sen urged all countries in the Greater Mekong Subregion (GMS) to push for the development of digital infrastructure in order to make the economies of the region more competitive globally.   ...

Cambodia and Singapore have reaffirmed their commitment to continue strengthening cooperation on trade and investment. Commerce Minister Pan Sorasak held a videoconference with Singapore’s Trade and Industry Minister Gan Kim Yong on Tuesday. ...

The government has established the National Economic and Digital Society Council (NEDSC) to build a foundation of a digital society to drive new economic growth, according to a royal decree on the council’s organisation and functioning released on September 8. ...

Some Cambodian workers in Thailand say they have been able to resume work after a series of tough months amid a surge of Covid-19, though challenges remain even as the outbreak is subsiding. ...

Phase I of the Angkor Landmark development project about 15km northeast of Siem Reap town is scheduled to officially break ground at end-2021, according to the developer’s CEO Tous Saphoeun. ...

Sabay Osja Co Ltd became the first company to apply for a licence via the government’s online business registration platform, also known as the “Single Portal”, in its second phase, according to the Ministry of Economy and finance.   ...

The export of Cambodian fresh mangoes to international markets saw a remarkable increase of 251 percent to 163,828 tonnes during the first eight months of this year. ...

Cambodian Minister of Agriculture, Forestry and Fisheries, Veng Sakhon,  has said that  China’s General Administration of Customs had recently released its list of quarantine pests in regard to the export of Cambodian longans to China. ...

Cambodian bicycle manufacturers earned more than $400 million from exports in the year to Aug 31, according to the Commerce Ministry. Shipments were 24.5 percent higher than the first eight months of 2020. If overseas demand remains strong, 12-month exports are likely to exceed last ...

Cambodia Business Council in Thailand (CBC) and Thai Business Council in Cambodia (TBCC) entered into an official partnership to promote trade and investment between the two neighboring Southeast Asian nations. ...

DBD Engineering Plc, a local multi-purpose engineering and construction firm, went public via initial public offering (IPO) on the Cambodia Securities Exchange’s (CSX) Growth Board on September 6. ...

Cambodia exported much bigger volumes of agricultural products to Vietnam in the first eight months of this year, said the Vietnam Trade Office in Cambodia. ...

With Phnom Penh becoming the most vaccinated city in Southeast Asia, moves are by the Ministry of Tourism and other related sub committees to formulate a workable plan within Cambodia’s tourism and investment sectors  to work towards a possible reopening of borders for fully vaccinated ...

Seventeen union representatives from the Wage Negotiation Working Group have agreed to negotiate for a $22.20 increase in salaries for textile, garment and footwear workers for 2022. ...

Investing in the stock exchange can be a successful way of making money, whether as a source of additional cash to supplement income, generating “passive income” or even in achieving “financial freedom”. ...

The number of foreign tourists visiting Cambodia through the three international airports in the first seven months of 2021 was about 50,000, down more than 92 percentage compared to the same period in 2020. According to data from the Ministry of Tourism. ...

The government has agreed in principle to lease more than 370ha of state public land in Koh Kong province’s Sre Ambel district to a private company with plans to develop a natural crab aquaculture area and a small port.   ...

The government-funded Khmer Enterprise (KE) and the American Chamber of Commerce in Cambodia (AmCham) have forged a partnership that will centre on building and promoting a sustainable and workable ecosystem for small- and medium-sized enterprises (SME) and entrepreneurs in the Kingdom.   ...

Cambodia’s exports were valued at $4,298 million in the first seven months of this year, a year-on-year increase of 26.8 percent, according to data from the US Census Bureau. ...

Cambodian government chief spokesman Phay Siphan said BRI projects here like the construction of the Phnom Penh-Sihanoukville expressway, the new Siem Reap international airport, the national stadium, and the Sihanoukville Special Economic Zone (SSEZ) among others, have provided tremendous benefits to Cambodia’s economic development during ...

The bilateral trade volume between Cambodia and Vietnam topped $6 billion in the first seven months of 2021, more than doubling over the same period last year even, as both countries amp up their battles against the novel coronavirus and its more virulent variants. ...

Cambodia has exported 24,847 tonnes of pepper to foreign markets in the first eight months of this year, according to Veng Sakhon, Minister of Agriculture, Forestry, and Fisheries. ...