Economy and commerce

The ASEAN+3 Macroeconomic Research Office (AMRO) has maintained a 6.2 percent growth for Cambodia in the current year in its January 2024 Quarterly Update. ...

A draft law on water transportation has been created to strengthen the sector and find solutions to serve national and international trade, while supporting national economic growth. ...

Prime Minister Hun Manet met with President Emmanuel Macron Thursday at the Élysée Palace on the first day of his official visit to France, where he emphasized possibilities for economic collaboration between the two countries. ...

The General Department of Customs and Excise collected approximately $201.4 million of tax revenue in December 2023, which was less than the planned 12.25 percent target. ...

The impact of digital transformation on the European banking sector and the potential for Cambodia to tap into fintech innovations were hot topics of discussion at EuroCham’s latest event. ...

The government approved 10 investment projects, totalling more than $60 million, in the first 15 days of 2024, primarily in the garment manufacturing industry. ...

Cambodia’s exports to the European Union (EU) last year were worth $3.66 billion – a more than nine percent decrease from the $4.04 billion registered in 2022, according to the Ministry of Commerce. ...

Council for the Development of Cambodia (CDC) has decided to issue licences to ten investment projects with a total investment capital of more than $60 million, as of Jan. 15. ...

CMA CGM GROUP, a world’s largest shipping and logistics company, is intended to expand its investment in Cambodia. ...

Dr. Hun Manet, Prime Minister of Kingdom of Cambodia, received separate courtesy calls from CEOs of two private companies in Davos, Switzerland on Jan. 16. ...

Director of Quality Management and Grain Supply of Bühler Groupis interested in expanding the company’s investment by bringing modern technology to develop agriculture in Cambodia, from the process of cultivation and harvesting to processing for exporting abroad. ...

A business forum is scheduled to be held this week in Paris, France, giving floor to businessmen and investors to understand potential investment opportunities in Cambodia, according to the Embassy of France in Phnom Penh. ...

In a meeting with Dr. Hun Manet, Prime Minister of Cambodia, Monday, in France, Ms. Maud Bailly, Chief Executive Officer of Sofitel, MGallery& Emblems, representing ACCOR Group, expressed optimism about the growth and improvement of the tourism sector in Cambodia in 2024. ...

Cambodia exported bicycles worth $416.7 million in 2023, a decrease of 53.6 percent from $899.7 million in a year earlier, said a General Department of Customs and Excise’s report on Monday. ...

Bilateral trade volume between the Kingdom and France reached $515.21 million last year, making Europe’s trade volume stand at $4.6 billion in 2023, said Prime Minister Hun Manet. ...

Representatives from about 50 Vietnamese enterprises and Khmer businesses of Vietnamese-origin gathered in Phnom Penh on January 16 to share their experience in operating and investing in Cambodia and foster their connections. ...

Lippo Group, a major Indonesian corporation, is seeking investment opportunities in Cambodia’s health and real estate sectors. ...

The chairman of Temasek Holdings Company, Lim, said to Cambodian Prime Minister Dr. Hun Manet that his company aims to expand its business further in the ASEAN region, of which Cambodia is also a priority. ...

Cambodia exported 368,048 tonnes of dry rubber in 2023, a slight decrease of 1.3 percent from 372,903 tonnes in a year earlier, said a report from the General Directorate of Rubber on Wednesday. ...

Kingdom has exported milled rice to the United Arab Emirates (UAE), the first batch of 60,000 tonnes, grabbing a new market for Cambodia’s rice. ...

Total outstanding loans in the microfinance sector stood at $5.13 billion during the end of the third quarter of the last year, according to the latest data published by the Cambodia Microfinance Association (CMA). ...

In a meeting between the President of VINCI Airports, Nicolas Notebaert, and Prime Minister Dr. Hun Manet, VINCI expressed its gratitude for the Cambodian government’s efforts in maintaining peace, stability, and security. ...

Cambodian and Chinese officials have signed an MoU concerning plans to invest $1 billion (€910 million) in joint rubber & tire projects, Cambodia Development Council (CDC) has announced. ...

After experiencing positive growth in 2023, the Cambodian rice export market is expected to continue its upward trajectory in 2024. However, factors such as weather conditions and shipping costs may cause some disruptions. ...