Economy and commerce

The Regional Comprehensive Economic Partnership (RCEP) has given a big impetus to Cambodia’s exports, contributing to the economic development, said Sok Siphana, Senior Minister in Charge of International and Multilateral Trade and Economic Relations. ...

The Royal Government has been promoting the local economy to grow in all sectors by creating jobs and increasing high incomes for the people, especially those who are living in poverty. ...

Cambodia garnered $62.8 million in e-commerce value-added tax (VAT) revenue during the first ten months of 2023, signifying a surge in electronic products and services in recent years. The income was collected from 82 non-resident taxpayer enterprises, supplying digital-related goods from abroad, according to the ...

Timor-Leste has signed an agreement to buy 4,000 tons of rice from Cambodia for the first time after the two countries signed a Memorandum of Understanding (MOU) on rice trade on October 20, according to the Ministry of Commerce (MoC). ...

During the government and private sector forum ceremony, Prime Minister Hun Manet underlined that the government has streamlined another mechanism of long-term leasehold rights in addition to the old mechanisms regarding foreigners leasing land. ...

The Thailand-Vietnam-Laos-Cambodia-Myanmar Business Forum 2023 took place from November 17-19 in Thailand’s UdonThani province, promoting connection among enterprises in the five countries. ...

The Royal Government has planned to upgrade the National Road (NR) 6 from the T-junction of the highway from Siem Reap-Angkor International Airport (SAI) in Siem Reap to the provincial city with a distance of nearly 20 kilometres at an estimated cost of $60 million. ...

The Ministry of Agriculture, Forestry and Fisheries (MAFF) and Wing Bank (Cambodia) Plc have inked a deal that will offer accessible, low interest rate loans to support the government’s Agriculture Priority policies through the innovative Wingagri supply chain platform built specifically to support the sector. ...

The General Department of Taxation (GDT) has collected $3,06 billion as tax revenue in the first ten months of 2023. ...

The Independent Democratic Informal Economy Association abbreviated (IDEA) and OXFAM in Cambodia on November 15 celebrated the 11th International Street Vendors Day, with the aim of promoting labour rights and calling for social protection for street vendors. ...

The allocation of funds through the Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) is expected to be a vital and timely force in supporting and reviving businesses in Siem Reap province. The move comes in response to the continued arrival of foreign ...

Cambodian Prime Minister Dr Hun Manet called on here this morning to the financial institutions to restructure loans for tour operators in Siem Reap province at reasonable interest rates to help revive the tourism sector after being severely affected by COVID-19. ...

Cambodia has seen a big jump in the use of local currency Riel over the past two decades, National Bank of Cambodia (NBC)’s Governor Chea Serey said here on Friday. ...

Cambodia had exported 529,924 tonnes of milled rice in the first 10 months of 2023, earning a total revenue of $377.5 million, the Cambodia Rice Federation said in a news release on Wednesday. ...

To counter the growing risk of geopolitics, it is important to have more mutual investments and collaborations between countries and regions to truly achieve global economic prosperity, experts say. ...

Social analysts and workers unions have voiced their support for a campaign on “An Enterprise is a Peaceful Community”, which will be launched in 2024. ...

Cambodia’s exports of electrical machinery, equipment and related products surpassed $2.4 billion in the first nine months of 2023, marking an increase of nearly double compared to the same period last year, according to the General Department of Customs and Excise (GDCE). ...

Cambodia’s export revenue from footwear and related products reached nearly $1 billion in the first nine months of 2023, marking a 25.1% decline from the $1.32 billion recorded during the same period last year. ...

Cambodia earned $27.88 million from Angkor Archaeological Park ticket sales in the first 10 months of the year, a jump of over 312 percent compared to the same period last year. ...

Vietnam’s VinFast electric taxis are gearing up to land in Cambodia and Laos after gaining dominance on home turf, sparking a decision to expand to countries that prioritise tourism, according to The Business Times. ,,, ...

An in-depth study into the impact of Covid-19 on tourism-related businesses in Siem Reap has revealed that while solid networks helped strengthen resilience, existing debts and the structure of the labor system hampered it. ...

The Kingdom of Cambodia and the Czech Republic have agreed to further boost their cooperation in trade and investment as well as to have more exchanges of high-level visits between the two countries. ...

Cambodia and Singapore have recently signed the Second Protocol Amending the Bilateral Double Taxation Agreement (DTA), to bring the agreement in line with the latest international standards. ...

Prime Minister Hun Manet urged provincial administrations to focus on constructing quality roads in communes to serve the local economy and improve people’s livelihoods rather than request funding to build parks. ...