Economy and commerce

According to a report from the Ministry of Economy and Finance, the Royal Government of Cambodia issued government securities worth KHR 295.30 billion (approximately $70 million) to local investors in the first three quarters of 2024. ...

Cambodia and Saudi Arabia Monday explored opportunities to strengthen bilateral relations, particularly in the agricultural sector. This move comes as both countries seek to enhance economic cooperation and explore new trade avenues. ...

Cambodia exported products worth $23.93 billion in the first 11 months of 2024, up 16.8 percent over the same period last year, said a report from the General Department of Customs and Excise released on Tuesday. ...

The Royal Government is working to enhance the country’s investment climate by negotiating Double Taxation Agreements (DTAs) with six countries in the region and Europe. ...

Cambodia’s containerized import and export cargo movement has increased more than five-fold over the past 12 years and is set to double again by 2030, straining the market’s logistics capacity. ...

The Governor of the National Bank of Cambodia, Dr. Chea Serey, has asked the Chinese side to continue to expand cross-border payment connections between the two countries to further support the promotion of trade, investment, and tourism. ...

Cambodia is optimistic about increasing the number of Chinese tourists and investors, particularly from Hong Kong and Macau, following fruitful discussions during the “GX Foundation Khmer Cuisine Charity Dinner”. ...

King Norodom Sihamoni has lauded the leadership of Senate President Hun Sen, National Assembly President Khuon Sudary, and Prime Minister Hun Manet for steering Cambodia towards rapid development across all sectors and regions. ...

Held on Friday in Phnom Penh, the ASEAN-Malaysian Business Chambers Summit 2024, a pivotal event that brought together representatives from Malaysian business communities across Southeast Asia, showcased the dynamic business environment within ASEAN and highlighted new investment opportunities in the region. ...

Laos and Cambodia recently signed three agreements in Phnom Penh to promote bilateral ties and cooperation. ...

In November, the Council for the Development of Cambodia (CDC) endorsed 40 new investment projects and 3 production expansion projects with a total investment capital of $940 million, generating some 39,000 job opportunities for the locals. ...

China in principle agreed to assist Cambodia in six major economic areas including developing green energy and infrastructure, modernising the technology, agriculture and health sectors, and accelerating the corridor projects. ...

While Cambodia’s private debt rate remains below the global red line, addressing informal loans and improving credit data accuracy could enhance financial transparency and stability, said Ky Sereyvath, an economic researcher at the Royal Academy of Cambodia (RAC). ...

Cambodia has earned $1.79 billion from paddy and milled rice exports in the first eleven months of this year, a report from the Cambodia Rice Federation showed yesterday. ...

The Cambodian government is striving to enhance productivity in the agricultural sector to meet domestic demand and boost exports to international markets. Towards this effort, two state institutions have signed a memorandum of understanding (MoU) to strengthen agricultural cooperation and promote exports. ...

In one year between September 2023 and September 2024, Cambodia’s Foreign Direct Investment (FDI) inflows surged to $8.1 billion, according to a report by the Ministry of Economy and Finance (MEF). ...

Angkor Archaeological Park, the most popular tourist attraction in Cambodia which is also a UNESCO World Heritage site, welcomed 898,336 foreign tourists in the first eleven months of this year, a year-on-year increase of 28.3 percent, a report showed yesterday. ...

Travel goods and leather sector is playing a vital role in the economy and among the priority sectors of the Royal Government of Cambodia, said Cham Nimul, Minister of Commerce, on Saturday. ...

Trade between Cambodia and Malaysia reached $715 million in the January to October period this year, a jump of 35.3 percent compared to the same period last year, according to the data of the General Department of Customs and Excise (GDCE) released recently. ...

Cambodia is optimistic about attracting additional direct investment from Japan, following a meeting between major Cambodian business leaders and Japanese financiers to explore the business climate and partnership opportunities across various sectors. ...

The government has officially recognised four Digital Government Products (DGPs) developed by the Ministry of Post and Telecommunications, while highlighting their diverse functionalities and benefits. ...

As the government under Prime Minister Hun Manet enters the first quarter of its second year in power, it has highlighted its achievements, with a particular emphasis on border initiatives and the ongoing northeastern border provinces tour. ...

Hun Manet, Prime Minister of the Kingdom of Cambodia, has reaffirmed the Kingdom’s readiness to contribute to peace across the region. ...

Public-listed Phnom Penh Autonomous Port (PPAP) netted a revenue of $34.47 million in the January to October period in 2024, a rise of 18 percent compared to the same period last year, according to a recent report it filed with the Cambodia Securities Exchange (CSX). ...