Economy and commerce

The total value of trade between Cambodia and Singapore amounted to almost $920 million in 2023, marking an increase of over 7% compared to the previous year. Imports from the city-state represented a substantial 94% of the figure, according to the General Department of Customs ...

Cambodia garnered over $851 million from the export of jewellery and precious stones to the international market in 2023, represents a surge of 261% increase compared to 2022, as per the Ministry of Commerce. ...

Since the government, through the Ministry of Economy and Finance, started issuing sovereign bonds in September 2022, they have emerged as a new financial instrument, enabling the government to augment domestic revenue, thereby reducing the need to borrow from foreign sources for infrastructure development. ...

The Credit Guarantee Corporation of Cambodia (CGCC) has infused credit guarantees of as much as $164.7 million as of December 2023. ...

A study on over 3,200 microfinance borrowers from 450 villages in 10 provinces in the country has revealed that two thirds of them have seen an improvement in their lives, according to the Cambodian Microfinance Association (CMA). ...

The Credit Guarantee Corporation of Cambodia (CGCC) has infused credit guarantees of as much as $164.7 million as of December 2023. ...

Cambodia received 547,798 Chinese visitors in 2023, up 412.5 percent from only 106,875 in a year earlier, said a Ministry of Tourism’s report released on Friday. ...

When it comes to EU-based companies, many prioritise transitioning to renewable energy and if Cambodia can show progress in this space it would make the country more attractive, said a new report, titled, ‘Cambodia’s Attractiveness for EU Foreign Direct Investments (FDI)’. The report was produced ...

Wanli Tire Co Ltd, a State-owned enterprise based in Guangzhou, capital of Guangdong province, has begun construction of a new-phase production base amid a recovery of the country’s tire industry last year. ...

A Cambodian senior government official has painted a rosier picture for Cambodia-China economic and trade cooperation in 2024, saying that a steady increase in bilateral trade and investment volumes has benefited both countries and peoples. ...

On Wednesday, the Council for the Development of Cambodia (CDC) announced the release of 10 investment projects worth $60 million in textile, garment, footwear, and manufacturing industries, creating 12,695 jobs. ...

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. ...