Economy and commerce

Cambodian Prime Minister Samdech Hun Manet yesterday held separate talks with leaders of four more Chinese companies, during his stay in Beijing, China for the 3rd Belt and Road Forum for International Cooperation on Oct. 17-18. ...

In the first nine months of 2023, Cambodia witnessed a substantial uptick in its imports of electrical machinery, equipment and related products from the international market, totalling more than $1.1 billion. ...

Phnom Penh Autonomous Port (PPAP), a listed state-owned river quay, reported a decline in revenue for the first nine months of 2023, a decrease attributed to unfavorable global economic conditions, largely exacerbated by the prolonged Russia-Ukraine conflict, which has adversely impacted global demand. ...

This was the spirit of the recent talks here between HE SOK Chenda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, and Ms. Ülkü Kocaefe, Ambassador of the Republic of Türkiye. ...

Indonesia’s new regulations curtailing e-commerce have raised concerns in Cambodia as experts warned that such moves can harm the integration of the regional economy, the progress of digitalization and the future of cross-border trade. ...

Dith Tina, Minister of Agriculture, Forestry, and Fisheries, and other leaders received a courtesy call and discussed with Maura Vieira, Minister of Foreign Affairs of Brazil, at the Ministry of Agriculture, Forestry, and Fisheries on October 11. ...

Cambodia exported bicycles worth $424 million to foreign markets in the first nine months of 2023, a drop of 42.8 percent compared to the same period last year which recorded $742 million, said a Ministry of Commerce’s report yesterday. ...

Prime Minister Hun Manet on Tuesday called on informal workers to voluntarily register their business to enable authorities to manage data and provide benefits, including debt waivers and a five-years tax exemption. ...

Minister of Economy and Finance Aun Pornmoniroth has announced that the Asian Development Bank (ADB) has committed to investing in projects related to climate change and private sector development. Those projects will focus on strengthening the financial sector over the next five years, in order ...

The National Bank of Cambodia (NBC) plans to expand its cross-border payment and transfer connections to China, Singapore and India this year. ...

Cambodia-US trade during the first nine months of 2023 reached $7.08 billion, marking a 3% dip from the $7.3 billion in the corresponding period of 2022, as per the General Department of Customs and Excise (GDCE). ...

Cambodia’s exports of garments, footwear and travel goods (GFT) continued the slide as the January to September period recorded a decline of 17.81 percent, compared to the same period last year, triggering fears of more job losses and factory closures. ...

Deputy Prime Minister and Minister of Economy and Finance (MEF) on Monday asked the Working Group on Law, Tax and Governance of the Government Private Sector Forum (GPS-F) to form an ad-hoc commission to solve complicated technical tax issues by the end of this year, ...

The launch of the National Strategy for Informal Economic Development 2023-2028 will achieve three goals at the same time, i.e. alleviating poverty and social inequality, strengthening social and economic resilience, and boosting economic growth. ...

Vongsey Visoth, Deputy Prime Minister and Ministers in charge of the Office of the Council of Ministers met with Ms. Zhong Jie, Economic and Trade Adviser of the Embassy of the People’s Republic of China in Cambodia, and her colleagues at the Office of the ...

Cambodia exported $8.14 billion worth of garment, footwear, and travel products to international markets in the first nine months of 2023, down 17.8 percent from last year, according to the Ministry of Commerce on Wednesday. ...

The United Nations Industrial Development Organisation (UNIDO) collaborated with the Cashew nut Association of Cambodia (CAC) to boost the export of cashew kernel by 12 percent by 2025 by providing technical support and management systems to the owners of the micro, small and medium enterprises ...

A Chinese official has pledged to further strengthen cooperation between Cambodia and China with a strong commitment to building China-Cambodia Community with a Shared Future in the New Era. ...

Cambodia’s economy is projected to expand 5.6 percent this year and 6.1 percent next year, up from 5.2 percent last year, the International Monetary Fund (IMF) said Tuesday. ...

Cambodia’s international trade totalled more than $35.16 billion in the first nine months of this year, inching down 3.5 percent from the same period last year, the General Department of Customs and Excise’s report showed on Tuesday. ...

The launch of the National Strategy for Informal Economic Development 2023-2028 will achieve three goals at the same time, i.e. alleviating poverty and social inequality, strengthening social and economic resilience, and boosting economic growth. ...

Cambodia exported $16.94 billion worth of goods in the first nine months of 2023, a slight drop of 0.8 percent from $17.07 billion in the same period last year, said a General Department of Customs and Excise’s report released on Tuesday. ...

Hopes are high among the Cambodia Rice Federation (CRF) and leading industry players that the country’s fragrant and organic rice could expand its European market presence, following the Anuga Food Trade Fair 2023 in Cologne, Germany. ...

Trade between Cambodia and South Korea reached nearly $504 million in the first eight months of 2023, marking an 8.4 per cent decline over the same period last year, according to the General Department of Customs and Excise (GDCE). Despite this, Cambodian exports surged by ...