Economy and commerce

The International Monetary Fund (IMF) Monday urged members of the Cambodian Chamber of Commerce (CCC) to continue promoting the use of local currency to boost Cambodia’s economy stronger and less vulnerable to the negative effects of exchange rate fluctuations of the international currency. ...

The first-ever Cambodia-Europe Public-Private Sector Dialogue was held at the Council for the Development of Cambodia (CDC), marking a significant milestone in fostering strong economic ties between the two. ...

Chea Serey, Governor of the National Bank of Cambodia (NBC), yesterday called on the private sector to foster financial and technology (fintech) adoption, innovation and fair competition as the national bank is working to create a system that allows consumers to make payments with just ...

Cambodia’s exports of garments, footwear and travel goods (GFT) surged by 23.33 percent in the first eight months of this year, compared to the same period last year, earning the country $9.08 billion, according to the latest trade data of the General Department of Customs ...

The Council for the Development of Cambodia (CDC) Saturday announced that under the leadership of Prime Minister Hun Manet, the Royal Government of Cambodia (RGC) of the Seventh Legislature has attracted $7.5 billion of investment capital over one year period, marking a 161 percent rise ...

Cambodia’s public debt stood at $11.27 billion by the end of the second quarter of this year, according to a report of the Cambodia Public Debt Statistical Bulletin released by the Ministry of Economy and Finance on Monday. ...

Cambodia’s public debt stood at $11.27 billion as of the end of the second quarter of this year, according to the Cambodia Public Debt Statistical Bulletin released by the Ministry of Economy and Finance.​ ...

Amid the rising economic cooperation between Cambodia and Indonesia, the bilateral trade volume in 2023 has increased by 15 percent while in the first six months of this year, it reached nearly $580 million, making it possible to surpass $1.1 billion by the end of ...

Cambodia and South Korea signed a memorandum of understanding (MoU) on cooperation between the South Korean province of Kyungsangbukdo and the Asian Cultural Council (ACC) of Cambodia on the “New Village Movement” project on September 12. ...

Prime Minister Hun Manet inaugurated the expanded container terminal at the Sihanoukville Autonomous Port (PAS) today, September 12, which now has the capacity to handle up to one million twenty-foot equivalent units (TEU) annually. ...

The Ministry of Agriculture, Forestry and Fisheries has announced that a delegation from Zhengzhou, the capital of China’s Henan province, has expressed interest in Cambodian products, including “high-quality and delicious rice”, and intend to process them for export to Chinese and international markets. ...

Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) urged senior officials of the government of the People’s Republic of China (PRC) to collaborate in establishing the first free trade zone (FTZ) and also constructing more special ...

The groundbreaking ceremony of the ‘Cambodia-Korean Friendship Bridge’ – the largest and longest bridge in the Kingdom – will begin in 2025, said Yoon Suk Yeol, President of the Republic of Korea (RoK). ...

During the first seven months of 2024, Cambodia has produced more than 830,000 tonnes of raw cashew nuts, up 36.7%, making it the world’s second largest cashew exporting country. ...

Cambodia is negotiating with some countries in the region on rice trade deals to expand the Cambodian rice market, said Cham Nimul, Minister of Commerce on Tuesday. ...

State-owned Phnom Penh Autonomous Port’s revenue for August 2024 climbed 25 percent to $4.4 million from last year, amid buoyant growth in container TEUs and cargo volumes between January and August this year. ...

Prime Minister Hun Manet Tuesday welcomed the US companies seeking investment opportunities and interested in exporting Cambodian agricultural products to the US market, as well as promoting cooperation in the field of education in the Kingdom. ...

Cambodia’s trade with China enjoyed robust growth of 24.5% in the first eight months of this year, said an official report released on Tuesday. ...

The President of the Cambodia Rice Federation (CRF) Chan Sokheang, stated that this year, Cambodia’s rice exports will expand into new markets, including several islands and nine additional countries, with most buyers purchasing fragrant rice. ...

A total of 53 new and expansion investment projects with a combined value of over $1 billion were approved by the government in August. These projects aim to enhance domestic production capacity and boost the export of Cambodian-made goods to international markets. ...

The soft launch of the electronic Know Your Business (e-KYB) system was recently held at the Techo Startup Center in Phnom Penh. ...

The Council for Development of Cambodia (CDC) approved 53 new projects worth $1.2 billion in August, generating approximately 33,000 jobs for the local people, said a report yesterday. ...

Battambang Chamber of Commerce (BCC), Banteay Meanchey Chamber of Commerce (BMCC) and Trat Chamber of Commerce of Thailand Friday discussed the opening of a permanent economic checkpoint to promote the exchange of goods along the border of the two countries. ...

Two tyre manufacturing factories, with a total investment of $686 million, were approved by the Council for the Development of Cambodia (CDC) in August, creating 3,459 jobs. ...