Economy and commerce
Cambodia urges Qatar’s investment and trade promotion
Senate President Hun Sen Tuesday urged Prime Minister of the State of Qatar Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani to encourage Qatari investors to invest in Cambodia and promote trade between the two countries. . ...
Sum Mane
https://www.khmertimeskh.com/501606799/cambodia-urges-qatars-investment-and-trade-promotion/
Cambodia, Vietnam to facilitate smooth cross-border trade activities
The General Department of Customs and Excise of Cambodia and Vietnamese Customs Administration Monday agreed to further strengthen the bilateral customs cooperation on managing and facilitating cross-border trade activities and transit goods. ...
Chea Vanyuth
https://www.khmertimeskh.com/501606782/cambodia-vietnam-to-facilitate-smooth-cross-border-trade-activities/
Digital onboarding soon for SMEs to enter formal sector
The Cambodian government is set to launch a digital onboarding platform next week to promote the transition of small and medium enterprises (SMEs) in the informal sector to the formal economy, Hem Vanndy, Minister of Industry, Science, Technology and Innovation said on Tuesday. ...
https://www.khmertimeskh.com/501606797/digital-onboarding-soon-for-smes-to-enter-formal-sector/
Govt bonds raise $70m in first three quarters
Cambodia issued government securities worth 295.30 billion riels ($70 million) in the first three quarters of 2024 as the country reduces its reliance on foreign funds. ...
Terry Friel
https://www.khmertimeskh.com/501606795/govt-bonds-raise-70m-in-first-three-quarters/
Cambodia’s exports swells to nearly $24B in Jan-Nov
Cambodia exported goods worth approximately $23.93 billion during the first eleven months of 2024, up 16.8 percent from $20.49 billion recorded in the same period last year, a report from the General Department of Customs and Excise of Cambodia showed on Tuesday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501606816/cambodias-exports-swells-to-nearly-24b-in-jan-nov/
Kingdom-China trade touches nearly $14B
Trade volume between Cambodia and China soared to nearly $14 billion in the first eleven months of 2024, an increase of 24 percent compared to the same period last year, according to a report from the General Department of Customs and Excise of Cambodia (GDCE) ...
Sum Manet
https://www.khmertimeskh.com/501606812/kingdom-china-trade-touches-nearly-14b/
Major American companies explore investment opportunities in Cambodia
A delegation of major American companies has shown interest in the Kingdom’s investment potential, thanks to the favourable conditions for investing in the country. Cambodian exports to the US in the first 11 months of the year exceeded $9 billion, reflecting an 11% increase compared ...
Cambodia mobilizes $70 Million through government bonds
According to a report from the Ministry of Economy and Finance, the Royal Government of Cambodia issued government securities worth KHR 295.30 billion (approximately $70 million) to local investors in the first three quarters of 2024. ...
Khmer Times Staff
https://www.khmertimeskh.com/501606339/cambodia-mobilizes-70-million-through-government-bonds/
Cambodia, Saudi Arabia eye rice trade deal
Cambodia and Saudi Arabia Monday explored opportunities to strengthen bilateral relations, particularly in the agricultural sector. This move comes as both countries seek to enhance economic cooperation and explore new trade avenues. ...
Chea Vanyuth
https://www.khmertimeskh.com/501606211/cambodia-saudi-arabia-eye-rice-trade-deal/
RCEP, bilateral FTAs boost Cambodia’s export in first 11 months of 2024
Cambodia exported products worth $23.93 billion in the first 11 months of 2024, up 16.8 percent over the same period last year, said a report from the General Department of Customs and Excise released on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501606338/rcep-bilateral-ftas-boost-cambodias-export-in-first-11-months-of-2024/
Cambodia aims to strengthen DTA regime
The Royal Government is working to enhance the country’s investment climate by negotiating Double Taxation Agreements (DTAs) with six countries in the region and Europe. ...
Chea Vanyuth
https://www.khmertimeskh.com/501605595/cambodia-aims-to-strengthen-dta-regime/
WB weighs in on Kingdom’s logistics plans
Cambodia’s containerized import and export cargo movement has increased more than five-fold over the past 12 years and is set to double again by 2030, straining the market’s logistics capacity. ...
James Whitehead
https://www.khmertimeskh.com/501605557/wb-weighs-in-on-kingdoms-logistics-plans/
Cambodia-China will continue to expand cross-border payment system connectivity
The Governor of the National Bank of Cambodia, Dr. Chea Serey, has asked the Chinese side to continue to expand cross-border payment connections between the two countries to further support the promotion of trade, investment, and tourism. ...
Cambodia eyes boost in tourism, investment from Hong Kong, Macau
Cambodia is optimistic about increasing the number of Chinese tourists and investors, particularly from Hong Kong and Macau, following fruitful discussions during the “GX Foundation Khmer Cuisine Charity Dinner”. ...
King credits leadership for rapid development in all sectors
King Norodom Sihamoni has lauded the leadership of Senate President Hun Sen, National Assembly President Khuon Sudary, and Prime Minister Hun Manet for steering Cambodia towards rapid development across all sectors and regions. ...
Hang Punreay
https://www.khmertimeskh.com/501604935/king-credits-leadership-for-rapid-development-in-all-sectors/
Historic summit brings together Malaysian business councils in the region
Held on Friday in Phnom Penh, the ASEAN-Malaysian Business Chambers Summit 2024, a pivotal event that brought together representatives from Malaysian business communities across Southeast Asia, showcased the dynamic business environment within ASEAN and highlighted new investment opportunities in the region. ...
Taing Rinith
https://www.khmertimeskh.com/501604886/historic-summit-unites-regions-malaysian-business-chambers/
Laos and Cambodia sign agreement to prevent double taxation, boost trade
Laos and Cambodia recently signed three agreements in Phnom Penh to promote bilateral ties and cooperation. ...
Khmer Times Staff
https://www.khmertimeskh.com/501605122/laos-and-cambodia-sign-agreement-to-prevent-double-taxation-boost-trade/
Over 40 investment projects with $940 Million in capital approved by the CDC in November
In November, the Council for the Development of Cambodia (CDC) endorsed 40 new investment projects and 3 production expansion projects with a total investment capital of $940 million, generating some 39,000 job opportunities for the locals. ...
Khmer Times Staff
https://www.khmertimeskh.com/501604458/over-40-investment-projects-with-940-million-in-capital-approved-by-the-cdc-in-november/
China agrees on 6-point economic cooperation with Cambodia
China in principle agreed to assist Cambodia in six major economic areas including developing green energy and infrastructure, modernising the technology, agriculture and health sectors, and accelerating the corridor projects. ...
Nhean Chamrong
https://www.khmertimeskh.com/501603867/china-agrees-on-6-point-economic-cooperation-with-cambodia/
Cambodia’s private debt level remains below global red-line
While Cambodia’s private debt rate remains below the global red line, addressing informal loans and improving credit data accuracy could enhance financial transparency and stability, said Ky Sereyvath, an economic researcher at the Royal Academy of Cambodia (RAC). ...
Sum Manet
https://www.khmertimeskh.com/501603857/cambodias-private-debt-level-remains-below-global-red-line/
Cambodia nets $1.79 billion from rice exports
Cambodia has earned $1.79 billion from paddy and milled rice exports in the first eleven months of this year, a report from the Cambodia Rice Federation showed yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501603897/cambodia-nets-1-79-billion-from-rice-exports/
Commerce ministry, ARDB partner to boost agriculture, promote exports
The Cambodian government is striving to enhance productivity in the agricultural sector to meet domestic demand and boost exports to international markets. Towards this effort, two state institutions have signed a memorandum of understanding (MoU) to strengthen agricultural cooperation and promote exports. ...
FDI inflows hit $8.1B in one year
In one year between September 2023 and September 2024, Cambodia’s Foreign Direct Investment (FDI) inflows surged to $8.1 billion, according to a report by the Ministry of Economy and Finance (MEF). ...
Sum Manet
https://www.khmertimeskh.com/501602507/fdi-inflows-hit-8-1b-in-one-year/
Angkor Wat sees 28% rise in visits, nets $42 million
Angkor Archaeological Park, the most popular tourist attraction in Cambodia which is also a UNESCO World Heritage site, welcomed 898,336 foreign tourists in the first eleven months of this year, a year-on-year increase of 28.3 percent, a report showed yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501601877/angkor-wat-sees-28-rise-in-visits-nets-42-million/#google_vignette