Economy and commerce

Cambodian Prime Minister Hun Sen said on Thursday that the Cambodia-China Free Trade Agreement (CCFTA), which took effect on Jan. 1, 2022, has given a boost to the kingdom’s exports to China. ...

China and Hong Kong have emerged as the top export markets for Cambodian milled rice, covering 42.43 percent of total exports worth $77.42 million. The 25 European countries accounted for 37.93 percent of exports worth $71.99 million, according to Cambodia Rice Federation (CRF). ...

Cambodia is looking for partners for the development of a planned airport in Mondulkiri province south of Sen Monorom town after PowerChina International Group Ltd (PIG) withdrew during the Covid-19 crisis and subsequent negotiations with other foreign companies fell through, according to a senior civil ...

Cambodia on Wednesday broke ground on the second Chinese-invested expressway connecting the capital Phnom Penh with Bavet City of Svay Rieng province on the border with Vietnam. ...

Cambodia exported 118,041 tons of milled rice to China in the first five months of 2023, earning $ 77.4 million in revenue, said the Cambodia Rice Federation (CRF)’s press release on Thursday. ...

Prime Minister Hun Sen said yesterday that the manufacturing sector is creating more jobs for Cambodians, which is helping to improve their livelihoods as the government has been taking several steps to attract more foreign investment to the country. ...

 The Vietnamese Embassy in Cambodia in coordination with the Ministry of Industry and Trade (MoIT)’s Asia–Africa Market Department held a trade forum in Phnom Penh on June 7, which brought together more than 100 businesses of the two countries. ...

Prime Minister Hun Sen has revealed that the government will sign another commerce agreement with the Commerce Ministry of the United Arab Emirates (UAE) to further support Cambodia’s economic growth. ...

Cambodia is looking for partners for the development of a planned airport in Mondulkiri province south of Sen Monorom town after PowerChina International Group Ltd (PIG) withdrew during the Covid-19 crisis and subsequent negotiations with other foreign companies fell through, according to a senior civil ...

Cambodian goods exports to Singapore reached $223.843 million in the first four months of 2023, up 345.7 per cent year-on-year from $50.224 million and up 1,087 per cent half-on-half (compared to July-October 2022) from $18.9 million, according to provisional Customs (GDCE) data compiled in “International ...

Cambodia’s manufacturing sector will not be affected by the complete withdrawal of the Everything But Arms (EBA) preferential tariff line of the European Union (EU) expected in the near future, said Prime Minister Hun Sen, recently. ...

The bridge connecting Koh Norea in Niroth commune, Chbar Ampov district to Koh Pich, located in Tonle Bassac commune, Chamkar district, Phnom Penh, is about 90 percent completed and is scheduled to be completed by the end of 2023. ...

Cambodia and Thailand launched the second phase of their cross-border QR payment system, which aims to promote the use of local currencies, financial inclusion and cross-border trade and tourism. ...

Hong Kong-listed casino operator and developer NagaCorp Ltd, known for its flagship NagaWorld integrated resort in Phnom Penh, on June 4 announced that it has moved the $3.5 billion Naga 3 project’s planned completion date from September 30, 2025 to exactly four years later, in ...

The Association of Banks in Cambodia is cautioning bank customers to avoid clicking on any suspicious links after a $100,000 loss by an ABA bank customer due to a SIM card-related account hack. ...

Cambodia’s tourism SMEs can sign up to free modules delivered by PATA that focus on strengthening finance and digital skills in a post-pandemic world ...

Prime Minister Hun Sen said here on Monday that the Southeast Asian nation is projected to graduate from a least developed country status by 2027. ...

Cambodia’s famed Angkor Archeological Park received 344,757 foreign tourists in the first five months of 2023, up 653 percent from 45,779 in the same period last year, said a press statement on Monday. ...

The Council for the Development of Cambodia (CDC) notices issued in the January-May period reveal that the government agency approved 61 new private investment projects – both inside and outside of special economic zones (SEZ) – totalling $516.64 million and set to deliver an estimated ...

Cambodia and Vietnam signed a trade enhancement agreement to increase economic cooperation between the two countries. ...

Cambodia’s wild aquatic products have been granted formal approval to be exported to China, the Chinese embassy in Cambodia said in a statement on Wednesday. ...

The Association of Banks in Cambodia (ABC) and Expert Leadership Innovation Exchange Organization (ELIX) are joining hands to promote digital literacy and capacity building, in support of the government’s policies on the Fourth Industrial Resolution (Industry 4.0) as well as the “Cambodia Digital Economy and ...

The Council for the Development of Cambodia (CDC) has given green light to three new investment projects with a total capital of $23.2 million. ...

Prime Minister Hun Sen said future leaders of Cambodia and government institutions must allocate a budget for infrastructure projects that would help expedite economic growth. ...