Economy and commerce

Outbound tourism by Chinese citizens, which had been suspended for nearly three years, has gradually resumed since China optimized its COVID-19 response and entry-exit policies on January 8. ...

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

Cambodia has high hopes of forging a deal with the Philippines to export 1,000 tonnes of rice as a trial, the head of Cambodian Rice Federation (CRF) said on Monday after a visit to explore the market. ...

A forum on human resources in Cambodia has highlighted the need to prioritize developing high-skilled labor to grow the economy. ...

The state-owned Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank) has disbursed more than $200 million in loans to at least 2,500 SMEs to help them expand businesses. ...

The value of Cambodian trade with the nine other ASEAN countries reached $16.053 billion in 2022 – up 1.4 per cent from $15.838 million in 2021 – accounting for a 30.62 per cent share of the Kingdom’s $52.425 billion in total foreign trade for the ...

General Department of Customs and Excise (GDCE) said that they have collected more than $2.69 billion in 2022, an increase of 18.3 per cent over 2021 revenue.​ In a February 3 annual meeting in Kep province, GDCE director general Kun Nhem said that the figure ...

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. ...