Economy and commerce

Covid-19 vaccines have helped boost Cambodia’s economic recovery and growth since last November, the country’s Prime Minister Hun Sen said on Thursday. ...

Bilateral trade between Cambodia and China was amounted to $6,971 million in the first seven months of 2022, up 15.6 percent compared to the same period last year. ...

The Director General of the National Bank of Cambodia, Chea Serey, said on Thursday that Cambodian SMEs face a number of challenges that range from a lack of human resources and market capitalization, to access to credit. ...

Bilateral trade between Cambodia and the US was amounted to $5.892 billion in the first seven months of 2022, up 45 percent compared to the same period last year. ...

Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has released nearly $234 million to 1,981 small and medium enterprises (SMEs) in various sectors across the country through SME Co-Financing Scheme II (SCFS II) from mid-August last year to July this year, according to ...

Unions representing garment workers in Cambodia are seeking a monthly wage hike of between $20 and $50 for their members in talks with the Garment Manufacturers Association in Cambodia (GMAC) that started yesterday. ...

Cambodia’s national council on minimum wage on Monday began to discuss the annual increase of monthly minimum wage for the garment, footwear and travel goods industry for 2023, according to a statement from the council. ...

Cambodia exported 161,562 tons of dry rubber in the first seven months of 2022, a slight drop of 0.3 percent year-on-year, said a General Directorate of Rubber report on Friday. ...

Cambodia’s international trade rose to $32.82 billion in the first seven months of this year, a year-on-year increase of 21.3 percent, and the United States is the biggest market for the country accounting for 43 percent of the Kingdom’s total exports. ...

The trade volume between Cambodia and China surged 15.6 percent year-on-year to $6.97 billion in the first seven months of this year, a General Department of Customs and Excise report said. ...

Some 112 new factories, with a total investment of $1.19 billion, had opened in Cambodia during the first seven months of 2022, an industry ministry spokesperson said here on Thursday. ...

Cambodia’s manufacturing output hit $7.57 billion U.S. dollars in the first half of 2022, a remarkable increase of 75 percent year on year, an industry ministry spokesperson said here on Thursday. ...

The number of factories, ranging from producing clothes to electronic devices reached 1,947 as of July this year, employing more than 1 million people, of them some 76 percent are women. ...

The Cambodian Banana Association Alliance held a symposium for member companies in Phnom Penh on August 6. More than 50 representatives from alliance member companies and guests from all sectors attended the event. ...

Cambodia’s international trade was amounted to $32.82 billion in the first seven months of this year, a year-on-year increase by 21.3 percent. ...

Trade volume between Cambodia and China was valued at $6.97 billion in the first seven months of 2022, up 15.6 percent year-on-year, according to the General Department of Customs and Excise’s report released on Wednesday. ...

The Garment Manufacturers Association in Cambodia (GMAC) on Wednesday expressed concern over a decline in purchase orders from Western countries for the second half of 2022.​ ...

Construction investment in Cambodia totaled $5.3 billion in 2021, mainly from China, South Korea, and Japan, according to the Ministry of Land Management, Urban Planning and Construction. The ministry also revealed a total of 4,303 construction projects were approved by the government in 2021. ...

Showing signs of revival in tourism, the number of national and international visitors travelled across the country in the first weekend of this month rose to 246,195. ...

Many banks and microfinance institutions (MFIs) in Cambodia have increased interest rates for deposits in dollar and riel currency by approximately 0.5 percent and 1 percent per annum respectively but not decreased rates for loans in the last three months, according to senior officials in ...

Global leaders in the finance sector are slated to gather in the Cambodian capital in September when Phnom Penh hosts the SME Finance Forum. ...

Despite the pandemic, Royal Group Phnom Penh SEZ Plc. has reported an increase in exports of $492.7 million for the first seven months of the year, marking 26 percent year-on-year (YOY) growth. ...

Landfilling is underway off the shore of Kampot as the government has transferred 600 hectares to a private company to develop a $1.7-billion port. ...

The solid relationship with China has provided great benefits to Cambodia’s socio-economic development and poverty reduction, a Cambodian academic said on Monday. ...