Economy and commerce

Bilateral trade between Cambodia and South Korea was worth $552.1 million in the first seven months of this year, growing by nearly 11 per cent on a yearly basis from $498.75 million, according to the Korea International Trade Association (Kita). ...

Digital technology will play an increasingly important role in spurring economic recovery after the COVID-19 crisis as well as promoting a new, sustainable and more resilient economy, President of the Cambodian National Assembly Heng Samrin said at the first plenum of the 42nd General Assembly ...

The Ministry of Posts and Telecommunications, Australian Agency for International Development (AusAID), and the UN Development Programme (UNDP) on August 18 launched an open joint effort to build an inclusive digital ecosystem aimed at sparking the development of a robust post-Covid-19 economy. ...

Cambodia exported 140,000 tons of fresh mangos, or 86.8 percent of its total exports of the fruit, to Vietnam in the first seven months of this year. ...

Ministry of Agriculture, Forestry, and Fisheries has called on private sector to invest in processing facilities for longan, while is also in talks to export the fruit to more international markets. ...

A programme to promote cross-border trade connectivity between India and countries in the Greater Mekong Sub region (GMS) was jointly held by trade promotion agencies of Cambodia, Vietnam, India and Thailand on August 19. ...

Cambodia expects Thailand to allow Pailin longan imports into its market as usual, after China on August 17 partially lifted a ban on Thai longan that it imposed four days earlier over contamination with mealybugs. ...

Cambodia is getting ready to launch a 2021-2023 plan to lift the economy out of the Covid-19 rut and chart a course for sustainable and inclusive growth, according to Minister of Economy and Finance Aun Pornmoniroth. ...

Cambodia’s “well-strategised and rapidly-executed” Covid-19 vaccination programme are set to underpin economic growth that may top six per cent next year, eclipsing the preponderance of regional and global peers, according to a new report from consulting firm Mekong Strategic Partners Co Ltd (MSP). ...

As a member of the world’s largest trade deal, Cambodia’s post-pandemic economic reality is likely to be forged by the 15-nation deal that will encompass about 30 percent of global gross domestic product, according to experts. ...

Digital payments are becoming crucial to the management of daily expenses, especially during Covid-19 when social distancing is the norm, according to National Bank of Cambodia (NBC) director-general Chea Serey. ...

Four live pig importers submitted a joint letter to the ministries of Economy and Finance, and Commerce requesting a tender in principle to bring in hogs from abroad to better cover domestic market demand. ...

Cambodia’s economic growth is projected to see robust growth next year because of economic recovery resulting from the government’s Covid-19 vaccination programmme. ...

Six companies with securities listed on the Cambodia Securities Exchange (CSX) reported a recovery in business performance in the second quarter of this year over the early days of the health crisis, on the back of the rapid pace of the Covid-19 vaccination programme in ...

The Ministry of Commerce seeks to engage the involvement of all exporters in the consultation process of drafting a mechanism that will serve as a benchmark for Cambodian commercial exports to the UK. ...

Longan plantation owners in Pailin province have called on the government to expedite the proposed agreement with China on the direct export of the fruit to the country. ...

Cambodia’s economic growth is projected to see robust growth next year because of economic recovery resulting from the government’s Covid-19 vaccination programmme. ...

Bilateral trade between Cambodia and Japan increased in the first half of this year, recovering from last year, which was hit hard by the pandemic. ...

Two new investment projects worth a combined $5.5 million have been approved by the Council for the Development of Cambodia (CDC). ...

The government has set up a working group to develop land management and policy in Sihanoukville as part of a plan to turn the province into a multi-purpose special economic zone (SEZ). ...

Trade between Cambodia and Japan reached $1.10977 billion in the first half of 2021, up 9.57 per cent year-on-year from $1.01281 billion, according to data from the Japan External Trade Organisation (Jetro). ...

The world’s most prestigious brands will be entering the market over the next 12 months as Blue Bell Group announced yesterday that it has secured a landmark deal to manage one of the country’s most-anticipated retail projects. ...

The Australian Embassy in Cambodia claimed that it is supporting the development of fragrant rice varieties. The project is aimed at promoting then quality and market of Cambodian rice exports. ...

Cambodia and Malaysia on August 11 officially launched cross-border payments through the National Bank of Cambodia’s (NBC) Bakong system with Maybank, enabling faster and more convenient real-time money transfer between the two countries. ...