Economy and commerce

Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn said on Monday that China has played a crucial role in supporting the country’s socioeconomic and infrastructure development. ...

After graduating from college, Yue Xiduo, a man born in the 1990s, joined a tire company in the Sihanoukville Special Economic Zone, Preah Sihanouk Province, Cambodia. The man said he chose to work here because the special economic zone is an important project for a ...

Cambodia’s trade with ASEAN member countries was valued at $7.1 billion in the first six months of this year, accounting for 30 percent of the Kingdom’s total international trade. ...

Cambodia is optimistic that it will continue to attract more foreign direct investments following the formation of a new government after the July 23 election, a top official said.   ...

Officials of the Council for the Development of Cambodia (CDC) on Tuesday disseminated the new Law on Investment to the members of the Travel Goods and Leather Association (CTLA) and Cambodia Footwear Association (CFA). ...

National Bank of Cambodia deputy governor Chea Serey clarified on July 16 that a recent memorandum of understanding with China’s UnionPay was not an agreement to legalise the Chinese yuan in the Kingdom or the Cambodian riel in China. Rather, it permits mobile payments using ...

Cambodia imported a total of $456.673 million worth of “rot’yon” -class automotive motor vehicles in the first half of 2023, down 19.90 per cent year-on-year from $570.099 million, according to the Ministry of Commerce. ...

The Securities and Exchange Commission of Cambodia (SERC) last week formally rolled out an online program simultaneously allowing interested individuals to open investor accounts with the government agency and set up trading accounts with the Cambodia Securities Exchange (CSX), according to CSX market operations director ...

The National Bank of Cambodia (NBC) is set to hold its 134th liquidity-provided collateralised operation (LPCO) on July 25, making 90 billion riel ($22 million) available to local financial institutions in need of liquidity, through an auction to buy US dollars. ...

Cambodia’s Investment Law heralds new opportunities for investors, offering generous incentives and a focus on diversified sectors. Agriculture takes center stage with attractive tax reliefs and a vision for climate-smart practices. ...

Chinese companies’ investment in new energy globally surges 55.6% in 2022 ...

Cambodia’s remarkable decline in poverty rate is a positive step towards the Southeast Asian country’s graduation from the Least Developed Country (LDC) status, a United Nations official said on Tuesday. ...

The agreement between the National Bank of Cambodia (NBC) and UnionPay International is not to legalize the Chinese currency in the nation but rather to raise the prestige of the Khmer riel through cross-border QR payments, NBC’s deputy governor-general confirmed after concerns were raised over ...

Cambodia’s total export to other Regional Comprehensive Economic Partnership (RCEP) countries amounted to $4.07 billion in the first half of 2023, up 24 percent from $3.28 billion over the same period last year, said the Ministry of Commerce’s latest report released on Tuesday. ...

The National Bank of Cambodia has prepared a draft proclamation on standardised or common consumers’ complaint response mechanism for all banking, payment and financial institutions in the country to comply with NBC’s guidelines after consumers have expressed dissatisfaction over the existing mechanisms, said a senior ...

Cambodia is looking to enhance its cooperation in several sectors, especially agriculture, with Ghana. ...

The Ministry of Commerce launched an online registration platform to allow owners of online businesses to register for permits and licenses, and those who run online businesses without license will have to face legal action. ...

Cambodia has pinned hopes on the Regional Comprehensive Economic Partnership (RCEP) agreement and bilateral Free Trade Agreements (FTAs) to boost its exports of garment, footwear and travel (GFT) goods. ...

Cambodia recorded a nine percent year-on-year growth in foreign direct investment (FDI) at 185.7 trillion riel ($45.8 billion) in the first quarter of 2023, the National Bank of Cambodia (NBC) revealed via Twitter yesterday. ...

New garment manufacturing investments are being drawn to Cambodia, as confirmed by the Cambodia Investment Board (CIB), a division of the Council for the Development of Cambodia (CDC). ...

The Council for the Development of Cambodia’s (CDC) two regular notices issued month-to-date reveal that the government body has approved registration certificates for nine new private investment projects – all in manufacturing – valued at a total of $77.4 million and set to deliver an ...

Cambodia’s journey towards becoming a member of the Chinese central bank’s Cross-Border Interbank Payment System (CIPS) will require more time due to the “stringent conditions” put forth by the central bank, according to National Bank of Cambodia (NBC) deputy governor Chea Serey. ...

Cambodia has pinned hopes on the Regional Comprehensive Economic Partnership (RCEP) agreement and bilateral Free Trade Agreements (FTAs) to boost its exports of garment, footwear and travel (GFT) goods. ...

According to the online revenue management system of the General Department of Taxation, in the first half of 2023, taxes collected totalled 8,393.17 billion riels or approximately $2.072 billion. ...