Economy and commerce

Asian Development Bank (ADB), a key development partner for Cambodia, has maintained its growth forecast for Cambodia at 5.8 percent for this year and 6.0 percent for 2025 but revised its earlier inflation projection for this year from 2.0 percent to 0.5 percent. ...

Cambodia’s export to the European Union (EU) continues to surge with export value to the bloc recording $2.9 billion in the first eight months of 2024. ...

The Japan International Cooperation Agency (JICA), has provided Cambodia with a concessional loan of more than $54 million to further expand power transmission lines in Phnom Penh. ...

Cambodia’s exports to Japan surged 20 percent in the first eight months of this year compared to the same period last year and reached $924 million, the latest trade data of the General Department of Customs and Excise (GDCE) showed. ...

Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance (MEF) on Monday asked Customs National School (CNS) officials to launch training programmes aimed at promoting human capital development. ...

Cambodia’s trade exchanges with its fellow ASEAN member states amounted to $10.49 billion in the first eight months of this year, up 11.8% from $9.38 billion over the same period last year, said a report from the General Department of Customs and Excise on Tuesday. ...

According to the data released by the General Department of Customs and Excise (GDCE) earlier this month, iron and steel imports into the Kingdom increased by 59.2 percent during the first eight months of 2024 compared to the imports of these two core construction materials ...

The government has shared several of the ways it is actively promoting the Kingdom’s potential for foreign investment and working to boost exports to international markets, as domestic production capacity continues to grow. ...

Cambodia has formally withdrawn from the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA) agreement by informing the other state parties about the decision. ...

Cambodia’s trade volume with Regional Comprehensive Economic Partnership (RCEP) countries soared to 22.92 billion U.S. dollars in the first eight months of 2024, marking a 17.2% increase compared to 19.55 billion dollars during the same period last year. ...

Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Sok Chenda Sophea has called for stronger cooperation between Cambodia and New Zealand, particularly in agriculture, agro-processing, and human resource development. ...

Next year’s minimum wage for the garment, footwear, and travel goods industries has been set at $208 per month, an increase of $4 from this year. ...

Japan External Trade Organization (JETRO) will strengthen cooperation with Cambodia’s Ministry of Commerce to help the Kingdom fully tap its export potential. ...

The Council for the Development of Cambodia (CDC) and the Board of Investment (BOI) of Thailand have agreed to enhance cooperation in promoting investment in Cambodia. ...

Cambodia and China pledged to enhance bilateral cooperation in security, law enforcement, and anti-drug initiatives, emphasizing the importance of collaboration in addressing shared challenges. ...

The Minister of Foreign Affairs and International Cooperation Sok Chenda Sophea, received a courtesy call from Jonathan Kings, Ambassador of New Zealand to the Kingdom of Cambodia with Residence in Bangkok, at the ministry on Wednesday. ...

The International Monetary Fund (IMF) Monday urged members of the Cambodian Chamber of Commerce (CCC) to continue promoting the use of local currency to boost Cambodia’s economy stronger and less vulnerable to the negative effects of exchange rate fluctuations of the international currency. ...

The first-ever Cambodia-Europe Public-Private Sector Dialogue was held at the Council for the Development of Cambodia (CDC), marking a significant milestone in fostering strong economic ties between the two. ...

Chea Serey, Governor of the National Bank of Cambodia (NBC), yesterday called on the private sector to foster financial and technology (fintech) adoption, innovation and fair competition as the national bank is working to create a system that allows consumers to make payments with just ...

Cambodia’s exports of garments, footwear and travel goods (GFT) surged by 23.33 percent in the first eight months of this year, compared to the same period last year, earning the country $9.08 billion, according to the latest trade data of the General Department of Customs ...

The Council for the Development of Cambodia (CDC) Saturday announced that under the leadership of Prime Minister Hun Manet, the Royal Government of Cambodia (RGC) of the Seventh Legislature has attracted $7.5 billion of investment capital over one year period, marking a 161 percent rise ...

Cambodia’s public debt stood at $11.27 billion by the end of the second quarter of this year, according to a report of the Cambodia Public Debt Statistical Bulletin released by the Ministry of Economy and Finance on Monday. ...

Cambodia’s public debt stood at $11.27 billion as of the end of the second quarter of this year, according to the Cambodia Public Debt Statistical Bulletin released by the Ministry of Economy and Finance.​ ...

Amid the rising economic cooperation between Cambodia and Indonesia, the bilateral trade volume in 2023 has increased by 15 percent while in the first six months of this year, it reached nearly $580 million, making it possible to surpass $1.1 billion by the end of ...