Economy and commerce

The Ministry of Labour and Vocational Training disbursed its 89th cash payment to 3,223 workers employed by 33 different enterprises in the tourism sector located in Siem Reap, according to the ministry statement. ...

Garment, footwear and travel accessories accounted for more than half of Cambodia’s total exports in 2022, valued at more than $10 billion. ...

Cambodia exported some $1,083 million worth of products to the German market last year, according to the latest report from the General Department of Domestic Trade of the Ministry of Commerce. ...

The government is considering the establishment of more bilateral free trade agreements to access broader markets for Cambodia-made products. ...

Cambodia confirmed its readiness to exit the Least Developed Countries (LDC) status, saying that studies on the impacts of the exit, challenges and the loss of trade preference schemes have been made. ...

The export volume of Cambodia for the past year was valued at $22.44 billion, while import reached $25.46 billion. ...

Cambodia and the Enhanced Integrated Framework (EIF) have been committed to continuing to strengthen cooperation under the EIF’s Aid for Trade to further develop Cambodia’s trade sector. ...

The Royal Government of Cambodia has been pushing for the establishment of more bilateral free trade agreements (FTAs) with main trade partners in order to access wider markets for the Cambodia-made products. ...

The National Bank of Cambodia (NBC) and National Police on February 2 issued a joint statement warning of the risks associated with informal financial services, which it said could put borrowers in excessive debt or otherwise upend their lives. ...

The merchandise trade volume between Cambodia and Malaysia totalled $620.373 million in 2022, rising by 23.33 per cent over a year earlier, with Cambodian exports accounting for a 18.03 per cent share, down by 2.11 percentage points on a yearly basis, according to the General ...

The Ministry of Commerce has been preparing for the establishment of five Cambodian private business centres in main cities of China in order to promote the sale of Cambodian products in the Chinese market.​ ...

Prime Minister Hun Sen expressed his hope that between three and four million foreign tourists will visit Cambodia this year. ...

The Bangkok-based Cambodia Business Council (CBC) and local Innovation and Development Investors Association (IDI) have joined forces to engage with and attract more investors as well as to improve Cambodian exports regionally and globally. ...

The Council for the Development of Cambodia (CDC) notices issued in January reveal that it has greenlit 10 new projects worth nearly $100 million, all in the manufacturing industry: eight involved in textiles and two in light bulbs. ...

The Cambodia Rice Federation has set an ambitious goal to export at least a million tons of milled rice by 2025, an over 50 percent increase compared to the export figure in 2022. ...

The Royal Government of Cambodia (RGC) is set to prepare and launch the informal economy policy before the end of 2023 to develop and upgrade the informal sector in a management system under the formal economy, said a top official of the Ministry of Economy ...

Prime Minister Hun Sen lauded the General Department of Taxation (GDT) for its efforts in collecting tax revenue that exceeded the budget plan in 2022, adding that the increased tax revenue contributed to the national economic development. ...

A total of $3.4 billion was collected in taxes in 2022, marking a 23.96 percent increase from 2021. ...

The Ministry of Commerce registered 10,701 new companies and enterprises in 2022, up 40 percent from 2021, reflecting Cambodia’s post pandemic economic recovery, said a report of the Ministry of Commerce released earlier this week. ...

The Economic Intelligence Centre of the Siam Commercial Bank forecasts the CLMV countries, namely Cambodia, Laos, Myanmar and Vietnam, will gain a stronger growth momentum in 2023, but remain below its growth potential prior to the COVID-19 outbreaks. ...

Cambodia’s 9.19 per cent on-year rise in foreign trade value to the $52.425 billion logged by Customs for 2022 was driven by “in-depth reforms in all areas”, improvements in export competitiveness, and an increasingly favourable business and investment environment, according to Minister of Commerce Pan ...

Local company HTTH Island Investment Co Ltd is reportedly studying the feasibility of a 16.68sq km “eco-tourism” development project on Koh Thmey island, just southeast of Prey Nop district’s Ream National Park in Preah Sihanouk province. ...

The Ministry of Commerce plans to set up five Cambodian private business centres in China to step up the Kingdom’s exports to the East Asian giant and maximise use of the bilateral free trade agreement (FTA) between the two countries, the ministry’s two-day annual meeting ...

Cambodia ranks 150 of 180 countries in the annual Corruption Perceptions Index (CPI) for 2022, an improvement over 2021, when the country ranked 157th. ...