Economy and commerce

Construction of a new airport that is slated to serve the capital has passed the 43 per cent completion mark, raising prospects for a proper recovery in the civil aviation and tourism sectors as international travellers return to the Kingdom in increasingly large numbers. ...

The bilateral merchandise trade volume between Cambodia and Japan totalled $1.948 billion in 2022, rising by 12.33 per cent over a year earlier, with Cambodian exports accounting for a 60.22 per cent share, down by 2.85 percentage points on a yearly basis, according to the ...

A senior official from the State Secretariat of Civil Aviation (SSCA) said that although January has seen no significant growth, he expects 2023 to see arrivals to the Kingdom double. ...

Cambodia netted $531.864 million from the export of rubber latex and wood in 2022, down 12.85 per cent over 2021, according to the Ministry of Agriculture, Forestry and Fishery’s General Directorate of Rubber (GDR). ...

The Kingdom’s banking and financial institutions posted very solid business performance overall last year despite regional and global uncertainty and inflationary pressures tied to Covid-19 and the Ukraine crisis. ...

The Kingdom of Cambodia and the Republic of Maldives have been committed to expanding their bilateral trade exchange through boosting the import from and export to each other, especially to serve the tourism sector. ...

Prime Minister Hun Sen asked a former South Korean leader to help promote Cambodia and attract more Korean investors to the Kingdom now that there is a free trade agreement (FTA) in place between the countries. ...

Prime Minister Hun Sen on Saturday morning last week asked former Deputy Prime Minister Ou Myung and an industrial delegation of South Korea to urge investors to invest in processing and high-end technology industries in Cambodia, said a release. ...

The construction work on a Chinese-built new Phnom Penh international airport, formally known as the Techo International Airport, is expected to be completed in 2024, a spokesman said on Sunday. ...

Mainland China was Cambodia’s largest merchandise trading partner last year, with a volume of $11.686 billion—up by 4.39 per cent over the 2021 figure. The former’s exports to the latter accounted for 89.38 per cent share—up by 2.87 percentage points on a yearly basis, according ...

Undersecretary of State and Spokesman of the Cambodian Ministry of Commerce Penn Sovicheat said the RCEP could help Cambodia graduate from its least-developed country status as soon as 2028. ...

The E-Type Visa, aimed at short term travellers to Cambodia, is now available for online application for citizens from all countries across the globe. .. ...

The Ministry of Industry, Science, Technology and Innovation registered more than a thousand small and medium enterprises (SMEs) in the January-November period of last year, bringing the total registered SMEs to around 44,000. ...

The General Department of Customs and Excise of Cambodia announced on Thursday that it has collected roughly $106 million from tax of vehicles between September 2021 and December 31, 2022. ...

Cambodia’s economy is predicted to grow by roughly six percent in 2023 despite global challenges, according to the National Bank of Cambodia (NBC). ...

The Kingdom of Cambodia and the Republic of Türkiye wrapped up the Third Meeting of Joint Economic Commission, reviewing and discussing priorities to boost their bilateral cooperation in the economic sector. ...

Cambodia’s exports of garments, footwear and travel (GFT) goods grew by around 15 percent in 2022 compared to the previous year, from $10.99 billion to $12.63 billion, but the total share of the sector declined marginally, according to the latest report on trade by the ...

The Cambodia Chamber of Commerce (CCC) has asked Vietnamese Customs for its full commitment to the Single Stop Inspection and Common Control Area (SSI & CCA) initiative, in the interest of boosting cross-border trade between the two countries. ...

To boost bilateral trade to around $1 billion (TL 18.78 billion), Cambodia has sought investments from Türkiye in agriculture, storage and processing facilities for exports to the European Union and other nations. ...

A mix of equity and bond listings are expected to double Cambodia Securities Exchange (CSX)’s total new securities to 14 in 2023, the CSX said on Wednesday. ...

The National Bank of Cambodia (NBC) said the banking system has played an active role in continuing to support the economic recovery by continuing to provide appropriate financial services to meet economic needs. ...

By the end of this year, Cambodia is all set to add more airport capacity to its existing facilities with the opening of the new Siem Reap Angkor International Airport. ...

Cambodia’s international trade in 2022 totalled more than $52 billion, a 9.2 percent year-on-year increase, while Cambodia’s exports jumped more than 16 percent. ...

The Royal Government of Cambodia collected $1.5 billion in value added tax (VAT) for goods and services in the first eleven months of 2022. ...