Economy and commerce

Cambodia earned $260 million from the exports of natural rubber and rubber articles in the first five months of the year, a surge of 41.4 percent compared to the same period last year, according to the latest trade data of the General Department of Customs ...

Several reports have indicated that mobile financial services can play a key role in supporting development, but it is not yet clear how these services would affect the lives of farming households in developing countries. ...

National Bank of Cambodia (NBC) is preparing to sign agreements with the State Bank of Vietnam and the Bank of the Lao People’s Democratic Republic to promote the use Cambodia’s local currency, riel, in their economic activities. ...

The Minister of Labor and Vocational Training has officially inaugurated a shoe factory in Samrong Tong District, Kampong Speu Province with an investment of about $ 6.4 million. ...

A major Australian agribusiness has visited Cambodia to explore agriculture investment and trade potential in produce, including mango, rambutan, longan and dragon fruit. ...

A new cement plant with a total investment capital of $95 million will be built in Pcheav village, Treng commune, Rattanak Mondul district, Battambang province, according to a press release of the Council for the Development of Cambodia (CDC) made public Monday. ...

Cambodia’s Minister of Commerce Pan Sorasak said here on Monday that China’s official development assistance and investment have greatly contributed to the socioeconomic development in the Southeast Asian country. ...

Cambodia’s trade turnover with global partners topped $19.2 billion in the first five months this year, a 14 per cent year on year (YoY) decline, government statistics show. ...

Chinese-invested banana farm in Stung Trang district of Kampong Cham province plans to expand its plantation to meet rising overseas market demand. ...

Local public-listed river-port operator Phnom Penh Autonomous Port (PPAP) reported a sharp decline in business performance in the first five months of the year due to regional and global economic uncertainty brought on by the protracted Ukraine conflict and its effects on demand and inflation. ...

The cashew nut sector in Cambodia needs at least $300 million per year in working capital, according to a senior official from the industry. ...

The total trade volume between Cambodia and its partners around the world reached more than $19 billion in the first five months of 2023, down 14 percent compared to the same period last year. ...

The Kingdom exported “footwear, gaiters and the like; parts of such articles” to the tune of $558.542 million in the first five months of 2023, down 20.44 per cent year-on-year from $702.060 million and down 23.11 per cent half-on-half (compared to July-November 2022) from $726.4 ...

A draft law on rules of origin was unanimously approved by the National Assembly (NA) during the June 12 session, with 96 supporting votes. ...

The lean patch of Cambodia’s biggest export-earning segment of garments, footwear and travel (GFT) goods continued into the fifth month of the year as the January to May exports recorded a decline of 23.06 percent, compared to the same period in 2022. ...

The Cambodian Senate has approved a draft Environment and Natural Resources Code and a draft law authorising ratification of the ASEAN Trade in Services Agreement. ...

Cambodia’s economic policies are relatively liberal for the region, and its investment and trade regimes remain attractive. However, being a small and open economy, Cambodia is susceptible to external changes and shocks. Global trade growth slowed in the second half of 2022 and further deceleration ...

Minister of Commerce Pan Sorasak urged all relevant parties to work together on the possibility of establishing a free trade agreement between Cambodia and Japan following a remarkable surge in exports of Cambodian products to Japan this year. ...

While meeting with nearly 20,000 garment workers from 12 factories in Tram Kak district, Takeo province on June 11, Hun Sen said that Cambodia’s economy grew exponentially in the two decades that preceded the Covid-19 pandemic. ...

Cambodia’s exports in the first five months of 2023 were worth $9.18 billion, down 2.4 percent from $9.41 billion for the same period last year, according to a General Department of Customs and Excise report. ...

Australia’s clothing imports from Cambodia have bucked the general trend of a decrease, with imports in the first quarter of 2023 increasing to $42.575 million compared with the same period last year. ...

Thai tourists visiting Cambodia can now pay for goods easier after a bilateral agreement between the two countries was reached for cross-border QR payments. ...

Lou Kim Chhun, government delegate in charge as chairman and CEO of Sihanoukville Autonomous Port, said he was determined to push the development of a new container terminal and deep-water port in Sihanoukville. ...

Cambodia and Japan have agreed to examine the possibility of establishing cooperation in the realm of the protection of consumer rights. ...