Economy and commerce

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. ...

Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) Monday called on relevant ministries to examine the possibility of optimising the Investment Project Application (IPA) by reconciling data with the CDC’s new system to improve convenience in ...

Singapore Airlines (SIA) announced plans to significantly increase the number of flights to several key destinations, including Siem Reap province, in response to rising demand for air travel. ...

Cambodia has called for ASEAN to establish a regional education and skills development framework tailored for the future labour force, with a particular focus on expanding access to technical and vocational education and training (TVET). ...

Cambodia exported a total of 379,546 tonnes of milled rice in the first seven months of 2024, earning a revenue of $280 million, the Cambodia Rice Federation said in a news release on Monday. ...

Cambodia’s foreign trade volume hit $31.18 billion in the first seven months of 2024, up 15% from $27.1 billion over the same period last year, according to an official report released on Saturday. ...

One of Cambodia’s leading data centre services providers inked a key partnership deal with a Singapore company to empower the Kingdom’s digital economy. Daun Penh Data Center (DPDC) and A2000 signed an MoU in the presence of Choup Somart, Secretary of State, Ministry of Rural ...

Credit cards in Cambodia have grown 20 percent in 2023, showing that customers have become more savvy in using new financial instruments. ...

Cambodia’s aviation sector is experiencing a significant uptick in the first half of 2024 with the country’s three international airports handling a combined 3.03 million air passengers from January to June, up 22 percent from 2.48 million recorded in the same period last year. ...

The government generated $2,909 million in revenue from tax and customs in the first half of 2024, representing 46 percent of the target set for 2024, a report from the Ministry of Economy and Finance showed on Monday. ...

China will support Cambodia in pursuing its own development path and will work to expand the market for Cambodian goods, thereby boosting exports to the Chinese market, according to Chinese ambassador to Cambodia Wang Wenbin. ...

Cambodian Senate President Hun Sen clarified that Cambodia’s four provinces will not be ceded to Vietnam and Laos in the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA). ...

Credit cards in Cambodia have grown 20 percent in 2023, showing that customers have become more savvy in using new financial instruments. ...

Commerce Minister, Cham Nimol, has highlighted the benefits of the Cambodia-Laos-Vietnam Development Triangle Area, refuting claims that the Kingdom may lose land while noting the economic benefits the deal has brought in the last 25 years. ...

Cambodia Monday celebrated the commencement of the highly anticipated Funan Techo Canal project, a massive infrastructure initiative that will play an important role in transforming the country’s economic landscape. ...

With 24 more projects getting the approval for incentives under the ‘Special Investment Promotion Programme for Preah Sihanouk Province’ initiated by Prime Minister Hun Manet in January this year, the total number of projects under the scheme rose to 85. ...

The Chinese topped Cambodia’s list of leading financiers in July, taking part in 44 new and expansion investment projects, with many in the garment sector. ...

The Council for the Development of Cambodia approved 44 projects in July that have the potential to generate 25,000 jobs, with China standing as the leading investor. ...