Economy and commerce

The Ministry of Economy and Finance on February 15 published a document establishing a series of internal goals, objectives, approaches and actions with a vision to 2030, to better align with the Royal Government of Cambodia’s (RGC) policies and strategies. ...

The government is exploring the idea of entering into a memorandum of understanding (MoU) with Chinese e-commerce giant Alibaba Group to shore up international online sales of Cambodian products.​Minister of Commerce Pan Sorasak on February 14 chaired a first key meeting of an ad-hoc working ...

The Cambodian Investment Board under the Council for the Development of Cambodia (CDC) recently approved investment proposals for 11 more companies, creating 11,000 jobs. The companies will have a total investment of $57.3 million. Nine of these are in the garment, footwear and travel goods ...

The Sihanoukville and Phnom Penh ports generated a total of nearly $130 million in revenues last year, according to Minister of Public Works and Transport Sun Chanthol. ...

German investors are satisfied with Cambodia’s investment environment which to them is very open and favourable. The satisfaction was underlined by a German business delegation led by Frank-Walter Steinmeier, President of the Federal Republic of Germany during a meeting here at the Peace Palace on ...

A company branded Agribusiness Asia Group Co., Ltd. is interested in investing in corn plantation in Battambang province. The intention was revealed by a representative of Agribusiness Asia Group Co., Ltd. in a meeting with Sok Lou, Governor of Battambang province in the province on ...

Cambodia’s Ministry of Commerce and Lanton Cloud Service Technology Co., Ltd. have signed a memorandum of understanding (MoU) on strategic cooperation to promote the kingdom’s e-commerce, said a ministry’s news release on Wednesday. ...

Cambodia will set up private commercial centres in five locations in China this year, which will play an important role in promoting the country’s products and attracting China’s investment in Cambodia. ...

The National Bank of Cambodia (NBC) is looking into joining the RMB Cross-border Interbank Payment System (CIPS) to provide additional international payment options; facilitate and boost trade, investment, tourism between the two countries through yuan-denominated transactions; and to make management of the Chinese currency in ...

The Vietnamese Embassy in Cambodia on February 14 organised a meeting with Vietnamese businesses operating in Cambodia to discuss measures to help the businesses tackle obstacles to their investment and business. ...

More cooperation in investment and trade is expected to take place between Labuan’s industry players and Cambodian counterparts following a technical study tour by a high-level delegation from the Cambodian Royal Government to the Labuan Corporation (LC) Monday. ...

Thailand’s Commerce Ministry is scheduled to organise about 450 activities to stimulate exports this year, focusing mainly on four potential markets namely the Middle East, South Asia, China, and the CLMV (Cambodia, Laos, Myanmar and Vietnam), a senior official has said. ...

Cambodia’s foreign trade declined by 29 percent in January 2023 compared to the same period in 2022 and recorded $3.4 billion, according to a report by the General Department of Customs and Excise (GDCE) yesterday. ...

The Preah Sihanouk Provincial Administration welcomed a joint statement by China and Cambodia that said they will examine the feasibility of developing an “Industrial and Technological Corridor” to achieve the development vision of the province as a “Model Multi-Purpose Special Economic Zone” (SEZ). ...

The Ministry of Commerce has tentatively set April 26 for the “launch” of “Kampot-Kep Salt” as a geographical indication (GI) product, in a formal recognition of its inclusion in the Cambodian registry and the accompanying protections. ...

The program manager of an NGO has raised concerns about the government’s revenue spending management, claiming national debt remains huge and has not been repaid as new debt continues to climb. ...

Cambodia is gearing up to host the second annual Social Protection Week, with the aim of strengthening social security efficiency and transparency. ...

Cambodia’s exports to the European Union (EU) last year were worth $4 billion, up 25% compared to the 2021’s figure, according to the country’s ministry of commerce. ...

Cambodia’s export to the United States remained strong last year, despite the US generalised special preference (GSP) scheme remaining to less developed countries (LDCs) including Cambodia. ...

Three Chinese major companies presented multiple investment projects worth millions of dollars to Prime Minister Hun Sen during a meeting in Beijing, a release said today. The companies also plan to invest on water transportation, hospital, sewage treatment, high-speed rail, etc. ...

Cambodian Prime Minister Hun Sen wraps up his three-day official visit to China today. It’s his second trip to the country since 2020. The Cambodian leader met with Chinese President Xi Jinping on Friday. ...

The Cambodia Rice Federation (CRF) has set export targets for the nation at 750,000 tonnes of milled rice in 2023 and one million tonnes by 2025. This represents an over 50 percent increase compared to the export figure in 2022. ...

Cambodian Prime Minister Hun Sen received multiple assurances of Chinese economic and political support during a meeting Friday in Beijing with Chinese President Xi Jinping. ...

Japanese firm Top Planning Japan Co Ltd’s (TPJ) apparent interest in investing in facilities in Battambang province to convert cashew nut shells into fuel and process the fibre-rich seeds for export has been greeted with much enthusiasm among local authorities and has dramatically heightened prospects ...