Economy and commerce

A “well-known” but unnamed international brand has chosen Cambodia as the location to set up a new export-oriented jewellery factory, revealing plans to start investment operations in early 2024, the Council for the Development of Cambodia (CDC) reported. ...

The Ministry of Agriculture’s strategy to boost exports, particularly farmers’ rice costs, will be strengthened in 2023. ...

Cambodia exported $5,671 million worth of goods to the members of the Regional Comprehensive Economic Partnership (RCEP) countries in eleven months of last year, an increase of 5 percent compared to the same period last year, data from the Ministry of Commerce showed yesterday. ...

A Cambodian researcher said that the Belt and Road Initiative (BRI) projects will be a contributor to the economic growth in Cambodia and in the region in the post-pandemic COVID-19 era and will help Cambodia achieve its ambitious goal of becoming an upper-middle income country ...

China’s broader push for its pathway to modernization has fueled expectations that the nation will bring more opportunities and create a dynamic of growth that will deliver wide-ranging benefits for the world, according to business leaders and analysts. ...

As Cambodia touted recovering trade and GDP growth, thousands took to the streets this year over repression at work or struggles in the market. The year marked a return to money and goods flowing quickly and unevenly, as the country faced reports of rising poverty and ...

Tourism leaders remain confident the sector will further rebound in 2023, attracting three million international arrivals. ...

GDP per capita is expected to reach nearly $2,000, while Cambodia’s economic growth is expected to reach 6.6 percent in 2023. ...

Prime Minister Hun Sen yesterday announced that Cambodia’s Gross Domestic Product (GDP) grew by 5.5 percent in 2022, while the tax revenue collected from both customs and taxation grew by 2 percent higher than expected. ...

Timber, monkeys, orchids, sand: Cambodia’s protected areas and natural resources continue to be a lucrative source of income, in spite of all the promises (and international funding) to protect them. Above all else, the hunger for land has consumed Cambodians and foreigners alike, triggering a constant ...

A delegation from a high-end fashion and accessories producer has decided on Cambodia as their investment destination. ...

With the expected revival of economic activities and China’s decision to ease Covid-19 curbs, many ASEAN and Indo-Pacific states are scrambling to import workers and they are looking at Cambodia. ...

Cambodian Prime Minister Hun Sen said on Monday that China’s upcoming reopening of its borders will revitalize the kingdom’s economy and tourism. ...

Cambodian Prime Minister Hun Sen said here on Monday that the Belt and Road Initiative (BRI) has provided a lot of tangible benefits to his country and other participating countries. ...

More than 1 million vehicles had travelled on Cambodia’s first-ever expressway in the first three months since its inauguration in October last year, according to data released by the freeway operator on Monday. ...

According to a study issued on December 27, the Ministry of Management stated that from 2000 until November this year, 2,534 high-rise structures were constructed, including 1,674 in Phnom Penh, 685 in Sihanoukville, 131 in Banteay Meanchey, and 43 in other places. Among the high-rise buildings, ...

Cambodia and the US traded goods worth $8.510 billion in the first 11 months of 2022, marking gains of 21.79 per cent on-year, with Cambodian exports to the world’s largest economy accounting for a 96.56 per cent share, according to the General Department of Customs ...

According to a report issued by Sihanoukville Autonomous Port, it earned more than 85,117 million riels, equivalent to roughly $65 million, in the first nine months of 2022, marking a 2.75 percent decrease from the same period in 2021. ...

Total foreign direct investment (FDI) to the real estate sector peaked at $3.6 billion in the years preceding Covid-19, where half of the approved investments was backed by Chinese investors. In 2019 alone, FDI financing in the property and real estate development in Cambodia stood around ...

The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has disbursed more than $432 million in loans to at least 3,260 SMEs, to keep them from going under during the height of the Covid-19 crisis, and subsequently to help them reopen and ...

Cambodia-China trade volume hit $14.5 billion, up 19 percent from the previous year, Prime Minister Hun Sen said. ...

The year of 2022 marked another fruitful year of pragmatic cooperation between Cambodia and China as the two countries have enjoyed bigger trade and investment volumes, officials and academics said. ...

The Council for the Development of Cambodia (CDC) notices issued month-to-date reveal that it has greenlit 10 new projects worth nearly $50 million, mostly involved in garments, footwear and packaging. ...

A total of 20,574 companies, with cumulative “registered share capital” of $5.77 billion, were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of December 26 at 2pm, the Online Business Registration Service (“OBRS”) reported. ...