Economy and commerce

The Council for the Development of Cambodia (CDC) on April 29 announced that it had greenlit final registration certificates for three projects in textile-linked sectors with total capital investment of nearly $19 million that are expected to create 2,005 jobs. ...

A Preah Sihanouk provincial deputy governor on April 28 met with a policy adviser at Australia’s flagship infrastructure programme in Cambodia for talks on plans to transform the province into a model multi-purpose special economic zone (SEZ) by 2030, and other smart-city development initiatives. ...

Japan has expressed interest in investing on construction of a cosmetic plant in Preah Sihanouk province. ...

The Council for the Development of Cambodia (CDC) said that it has issued investment project registration certificates to three companies worth almost $20 million. ...

Cambodia expressed its keenness to further strengthen cooperation in all fields with Italy and other European Union nations by promoting more investments in Cambodia. ...

The Minister of Commerce has sought more Japanese investments in the Kingdom as Cambodia and Japan are keen to work on negotiations to possibly establish a bilateral free trade agreement. ...

The government has decided to extend the stamp duty tax exemption till the end of this year in a bid to help ease the burden on the private sector and people in the Covid-19 context. ...

Fishing communities in Kampot and Kep provinces are under threat as a coastal tourism project linked to the wife of a government minister is reportedly moving forward, the Cambodian Center for Human Rights said. ...

Foreign direct investment (FDI) inflows in Cambodia between mid-1994 and end-2021 amounted to 168.8 trillion riel ($41.0 billion), rising by 11.2 per cent from the end of 2020, with the Greater China area remaining the Kingdom’s top source market, according to a new report.   ...

Lieutenant General John Sanderson – a retired senior Australian Army officer and former Force Commander of the UN Transitional Authority in Cambodia (UNTAC) – praised the rapid development of Cambodia and its “huge successes” while also expressing his appreciation for the Kingdom’s contributions to global ...

Deputy Prime Minister Prak Sokhon, Minister of Foreign Affairs and International Cooperation, received a Malaysian business delegation, comprising 50 SME sectoral players to visit and participate in a business forum in Cambodia. ...

Following the celebration and influx of tourists during the Khmer New Year, Cambodia has recorded an increase in weekly tourists last weekend, as the country moves toward the recovery of its tourism sector. ...

Cambodia’s Deputy Prime Minister and Foreign Minister, Prak Sokhon has urged  Italy to reconsider raising tariffs on rice imports. ...

The volume of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) clocked in at $710 million in the first three months of 2022, marking a 50.74 per cent rise year-on-year from $471 million, the operator said in a statement on April 23. ...

Cambodia’s Ministry of Commerce and Vietnam’s Ministry of Industry and Trade talked about boosting trade activities, pledging to push the bilateral trade volume to $10 billion by this year. ...

Cambodia and Laos are moving for harmony between the two countries by enhancing their friendship through cooperation, trade ties and plans for Prime Minister Hun Sen to visit Laos. ...

The China Road and Bridge Corporation (CRBC) has finished a feasibility study for the construction of a waterway and logistic facility along the Bassac River in Phnom Penh. ...

Bilateral trade between Cambodia and Vietnam totalled $1.72205 billion in the first quarter of 2022, representing a 13.6 per cent increase from the $1.5153 billion recorded in the corresponding period last year, according to Customs. ...

Cambodia is requesting that a new checkpoint be opened to allow transborder transport and travel between Trat province and Thmor Dar in Cambodia’s Pursat province. ...

A high percentage of the Covid-19 vaccinated population, and the new investment law put into force last year have helped increase the number of new investment projects in Cambodia. ...

Following confirmation of Cambodia’s eligibility to depart from the least developed country (LDC) status for the first time ever in 2021, the UN has stated graduation could be recommended “as early as 2027”, so long as the same standards are met when the Committee for ...

Around 300 garment workers from Canteran Apparel gathered on Veng Sreng Street in Chaom Chao commune’s Trapeang Thleung village of Phnom Penh’s Por Sen Chey district on April 19 to protest recent actions by the owner of the business. ...

Cambodia exported more than $3 billion worth of garments, footwear, travel goods and other textile-related products in the first quarter of 2022, an increase of nearly a quarter compared to the same period last year, according to data from the General Department of Customs and ...

Cambodia and China shared a bilateral trade volume of $2.87343 billion in the first quarter of this year, up by 30.14 per cent from the $2.20788 billion recorded in the same period last year, reflecting overall progress in the resumption of economic activity as Covid-19 ...