Economy and commerce

With the trade volume between Cambodia and Indonesia exceeding $1 billion in 2023, the two countries on Thursday agreed to expedite the Memorandum of Understanding (MoU) on rice trade.​ ...

Agriculture officials are set to be deployed to all communes in the four Cambodian provinces of the Cambodia-Laos-Vietnam Summit Development Triangle Area (CLV-DTA) to strengthen the agricultural sector. The four provinces are Ratanakkiri, Mondulkiri, Kratie and Stung Treng. ...

The 2024 Cambodia Banking Conference, held in Phnom Penh from August 22-23, brought together industry leaders, policymakers and international partners to discuss the future of the country’s banking sector in the face of global economic challenges. ...

As China grapples with an economic slowdown, its ripple effects are being felt across Southeast Asia, with Cambodia among the countries closely watching the developments. ...

Governor Vy Samnang of Takeo province on Tuesday endorsed a proposal to establish a special economic zone (SEZ) on a 32-hectare area in Bati district by the Chinese Chamber of Commerce of Chaoshan. ...

The government’s efforts to improve the livelihoods of farmers under the Pentagonal Strategy are proving successful, with 250 agricultural specialists having already assisted over 110,000 farmers in increasing their yield during the first stage of the programme. The second stage, which aims to recruit and ...

Cambodia has exported some 143,481 tonnes of bananas in the first seven months of this year, a decline of 20.59% over the same period in 2023, a report from the Ministry of Agriculture, Forestry, and Fisheries (MAFF) showed. ...

Prime Minister Hun Manet said on Tuesday that the country needs more Chinese investments, highlighting potential areas for investment. ...

The National Bank of Cambodia (NBC) on Monday launched the ‘Bakong Tourists App’ helping foreign tourists in Cambodia to make payments using the country’s universal KHQR code at over 3.3 million retail merchant outlets. ...

The Ministry of Economy and Finance (MEF) has issued guidelines and procedures for implementing the sub-decree aimed at encouraging individuals and businesses operating in the informal economy to comply with tax obligations. ...

Cambodia has become the world’s second-largest producer of raw cashew nuts, with a total production of 830,000 tonnes in the last seven months of 2024, according to the report of the Cashew Nut Association of Cambodia (CAC). ...

The Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) have introduced new regulations to enhance responsible business practices and bolster consumer protection in the country’s banking and financial sectors. Announced on Friday, the new rules are designed to promote a sustainable ...

The Coordinating Committee for Developing the Informal Economy convened a meeting to assess progress and discuss plans to launch a digital platform for registering the informal economy. ...

Cambodia launched a payment system on Monday to enable tourists to pay at 3.3 million retail shops across Cambodia. ...

Public-listed Phnom Penh Autonomous Port (PPAP) netted a revenue of $18.32 million in the first half of 2024, a rise of 11.7 percent, compared to the same period last year, according to the latest report it filed with the Cambodia Securities Exchange (CSX). ...

Cambodia’s insurance sector continued to expand, but at a slower pace, with total premium reaching $87.6 million in the April-June period of this year. ...

In the one year of his rule, Prime Minister Hun Manet laid out policies for strengthening old friendships, launched new friendships and consolidated Cambodia’s position on the international stage, especially by streamlining its economic diplomacy. ...

Cambodia’s trade relations with Vietnam have seen significant growth in the first seven months of this year, with the total trade volume between the two neighbouring countries reaching over $4.6 billion. ...

Foreign direct investment (FDI) from the Republic of Korea ranks second in the Kingdom, where over 40 percent of its total capital went into banking and financial sectors, said Park Jung-Wook, Korean Ambassador to Cambodia. ...

China’s Jiangsu province and Shantou city in Guangdong are seeking to enhance cooperation with Cambodia to boost investment and trade between the two nations. ...

The Ministry of Justice issued a stern warning that efforts to incite opposition to the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA) cooperation are part of a broader scheme to instigate a colour revolution aimed at overthrowing the government. ...

Cambodia and South Korea are committed to expand bilateral cooperation on defence, tourism, people-to-people exchanges and education. ...

The Ambassador of the Republic of Korea to Cambodia Tuesday commended the Cambodian government for its proactive measures to enhance the investment climate in the country, stressing that more Korean investors are keen to explore opportunities in the Kingdom. ...

China has reiterated its strong commitment to supporting Cambodia in pursuing a development path tailored to its national conditions, with the goal of becoming an upper middle-income economy by 2030 and a high-income country by 2050. ...