Economy and commerce

The National Bank of Cambodia (NBC) has announced the enforcement of regulations on capital buffer and on credit risk for capital adequacy ratios (CAR) for banks and deposit-taking microfinance institutions (MFIs). These measures aim to bolster the management of diverse risks, it said. ...

Mainland China, Vietnam and Thailand accounted for $7.259 billion or 71.81 per cent of Cambodia’s total goods imports in the first five months of 2023, which amounted to $10.109 billion, according to the General Department of Customs and Excise of Cambodia (GDCE). ...

In a bid to promote cross-border economic activities using local currencies, the National Bank of Cambodia (NBC) is expanding the operations of its Bakong blockchain-based payment system to Vietnam, Laos, Myanmar, China, and India. ...

Prime Minister Hun Sen said that the southwest parts of Cambodia are a hub with huge potential for investment due to their well-connected infrastructure, easy transport to deep seaports, and sufficient electricity supplies. ...

National Bank of Cambodia (NBC) and the National Bank of Rwanda recently held talks to explore ways to establish Bakong online payment system in that country, said an NBC statement. ...

The Council for the Development of Cambodia (CDC) has announced the approval of nine new investment projects creating a total of 13,849 job opportunities for the locals. ...

Prime Minister Hun Sen on Monday issued a sub-decree for the complete implementation of Cambodia’s new Law on Investment – which has been in force since October 15, 2021 – to attract and boost both local and foreign direct investment in the country, said a ...

‘Hunsenism’ focuses on two core points which are connected to each other, said Prime Minister Hun Sen at a get-together with almost 20,000 workers and employees in Chbar Mon city, Kampong Speu province yesterday. ...

The Cambodian Special Economic Zone Board (CSEZB) and Cambodian Investment Board (CIB) of the Council for the Development of Cambodia (CDC) have approved 15 investment projects worth $218.3 million with plans to recruit more than 17,000 employees to produce various products at different places, according ...

Imports by Spain for apparel imports from Cambodia, which experienced substantial growth last year, have continued their upward trajectory in the first four months of the year. ...

Newbustar (Cambodia) Tire Co Ltd, a member of the Chinese state-owned Doublestar Group, is investing some $138 million in a tyre factory in Kratie province’s southeast to tap into the domestic market. ...

The Royal Government of Cambodia (RGC) has issued a sub-decree to establish the General Department of Digital Economy that will exclusively function under the Ministry of Economy and Finance (MEF) to direct, regulate and develop the digital economy in the country after the Deputy Prime ...

Cambodia is a signatory to 10 free trade agreements (FTA) which cost the Kingdom over $400 million in lost tax revenue each year. This is nonetheless recovered by the growth of investment and export markets, said the General Department of Customs and Excise of Cambodia ...

The government issued a June 22 sub-decree which established the General Department of Digital Economy under the Ministry of Economy and Finance, with the aim to ensure the effectiveness and efficiency of the Kingdom’s digital management and development. ...

Twenty-seven local startups and small and medium enterprises (SMEs) have received grant assistance from the government to support their post-Covid recovery and enhance export potentials. ...

Prahok is being reprocessed by a local company to reduce its pungent smell to make it ready for export. ...

Cambodia received more than 2.16 million international visitors during the first five months of the year, representing 75 per cent of numbers recorded in the same period of the pre-pandemic year of 2019. Minister of Tourism Thong Khon said the ministry hopes to see the ...

Giving a big boost to tourism prospects, Cambodia announced that its international tourism earnings reached $1.41 billion in 2022. .. ...

Cambodia has launched the third phase of online business registration by including an additional 12 relevant ministries and institutions to facilitate business procedures in Cambodia. ...

Deputy Prime Minister and Minister of Economy and Finance (MEF) Aun Pornmoniroth said yesterday that Cambodia’s annual economic growth per person or GDP per capita has been forecasted to increase to $1,932 in 2023 from $1,784 in the previous year, even as inflation has been ...

The number of international tourists to Cambodia is predicted to surpass the pre-COVID-19 pandemic level in 2025, the country’s Tourism Minister Thong Khon said on Wednesday. ...

Cambodia’s exports to Thailand hit $480.239 million in the first five months of 2023, up 9.47 percent year-on-year (YoY) from $438.705 million and up to 84.47 percent half-on-half (compared to July to November 2022) from $260.33 million. ...

Cambodia exported 107,938 tons of dry rubber in the first five months of 2023, up 2.5 percent from the 105,248 tons recorded in the same period last year, said a report from the General Directorate of Rubber on Wednesday. ...

The merchandise trade volume between Cambodia and Malaysia was worth $620.373 million last year—a rise of 23.33 per cent year on year (YoY). ...