Economy and commerce

Both countries are exchanging views on post-Covid-19 crisis recovery efforts and the progress of Asean’s response to the Covid-19 crisis; ...

Chinese COVID-19 vaccines have not only protected lives and stabilized the health system, but also helped boost economic recovery in Cambodia, officials and experts said Tuesday. ...

Officials from multiple institutions on March 14 met to finalise the draft sub-decree on the management of advertisements on products and services intended to control those that are fraudulent or misleading for consumers. ...

The Ministry of Public Works and Transport has held a series of discussions with electricity providers and sustainability organisations to support the development of policies that will encourage mass use of electric vehicles (EV) in Cambodia.   ...

Cambodia and the EU have renewed their pledge to enhance bilateral trade and investment ties in spite of the lingering economic fallout from the Covid-19 pandemic. ...

The Regional Comprehensive Economic Partnership will boost Cambodia’s export by 9.4 percent to 18 percent yearly, contributing to up to 3 percent annual economic growth. ...

Cambodia and Australia have reaffirmed their commitment to further boosting trade, investment and cooperation, especially on post-Covid recovery initiatives in all areas, according to the Ministry of Commerce on March 11. ...

Cambodia and the EU have renewed their pledge to enhance bilateral trade and investment ties in spite of the lingering economic fallout from the Covid-19 pandemic. ...

Cambodia recorded an increase in this year’s rice exports for January and February compared to the same period in the previous year. ...

The Cambodian government signed concessional loan agreements with development partners totalling $905.6 million, mainly to finance public investment projects in the priority sectors that support long-term sustainable economic growth. ...

The government has decided to postpone the implementation of the capital gains tax until 2024 in a bid to restore and prop up post-pandemic economic growth, according to a notice from the Ministry of Economy and Finance’s General Department of Taxation (GDT).   ...

Cambodia’s strategic plan on garment, footwear and travel goods development 2021-2024 will attract more investment and contribute to sustainable development in the sector, Ith Samheng, minister for labour and vocational training, told Okhna Kong Sang, president of Garment Manufacturers Association in Cambodia (GMAC) in Phnom ...

Cambodia’s exports to the United States surged 45.9 percent to $847.6 million in January this year, compared to the same month in the previous year, according to figures from the US Census Bureau. ...

Bilateral trade between Cambodia and the European Union (EU) was valued at 4.5 billion euros ($4.98 billion) in 2021, up 4.6 percent from a year earlier, said a joint press release on Thursday. ...

The Khmer Swiftlet Association (“KSA”) has been recognised by the government as an official platform to support development of the local edible bird’s nest ecosystem, and bolster exports of the woefully untapped commodity, with particular consideration to the Chinese market. ...

Minister of Interior Sar Kheng has declared that Preah Sihanouk province must not develop a reputation for being a “crime base”, insisting that its image must be restored ahead of the Commune Council Election in order to regain the trust of foreign investors. ...

Cambodia’s National Commercial Arbitration Center (NCAC) and the International Finance Corporation (IFC) are promoting mediation to resolve business disputes and build investors’ trust in commercial litigations. ...

Cambodia’s strategic plan on garment, footwear and travel goods development 2021-2024 will attract more investment and contribute to sustainable development in the sector, Ith Samheng, minister for labour and vocational training, told Okhna Kong Sang, president of Garment Manufacturers Association in Cambodia (GMAC) in Phnom ...

A whopping 30 per cent of Cambodian exports of textile-related products in 2021 went to the US, outstripping many major buyers, despite the global battle against Covid-19, according to the Ministry of Labour and Vocational Training on March 7.   ...

Bilateral trade between Cambodia and Japan rose 2.1 percent to $181 million in January this year, compared to the same month in the previous year. ...

The fourth quarter in 2020 saw the start of a sharpest global FDI uptrend since the 2008 recession, which resulted in a global FDI flow of $1.65 trillion in 2021, up 77 percent from $929 billion in 2020. South East Asia netted $184 billion, surpassing ...

The Cambodian Rice Federation (CRF) said the Kingdom exported more than 100,000 tonnes of rice to China as part of the Sixth Memorandum of Understanding, which provides a quota of 400,000 tonnes rice exports from Cambodia to China. ...

Uncertainty over business conditions and the impact of the spread of Covid-19 has prompted the Ministry of Commerce to postpone the issuing of fines until July for online business owners who are late to apply for e-commerce permits or licences. ...

Experts have warned that recent growth in garment industry exports may not translate to improved profit margins owing to increased production costs, as the latest industry figures reveal that exports of textile-related products in 2021 increased by over 15 per cent from the year before. ...