Borders still open to trade, PM says

On Wednesday, Prime Minister Hun Sen said Cambodia remains open to cross-border trade with neighbouring countries, but the borders will remain closed to citizens and travelers. ...

May Kunmakara
https://www.phnompenhpost.com/business/borders-still-open-trade-pm-says

Cambodia-Indonesia trade rise to record high in 2019

Bilateral trade between Cambodia and Indonesia jumped 46 per cent to a record high of more than $792 million last year, from $543 million in 2018, the Ministry of Commerce said. ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodia-indonesia-trade-rise-record-high-2019

Cambodian economy will be ‘worst hit in Asean’ ADB

The Asian Development Bank (ADB) said the Kingdom will see losses amount to more than $390 million due to the economic impact of the Covid-19 outbreak this year. ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodian-economy-will-be-worst-hit-asean-adb

Thailand proposes to close all borders with Cambodia to prevent the widespread of Covid-19 except freight

Thailand closes all road travels with Cambodia and tightens conditions for air travel as the measures to prevent the widespread of Covid-19. Thai authorities have begun to carry out the notification of a temporary travel suspension of all border entrances, with some of the ports ...

Niem Chheng
https://bit.ly/2xhAuRj

Cross-border deal inked to maintain trade amid Covid-19

Cambodia​ and​ Vietnam​ have​ agreed​ to​ allow​ cargo​ trailers​ to​ enter​ the​ common​ Bavet-Moc​ Bai​ border,​ located​ in​ Cambodia’​ Svay​ Rieng​ province​ (Bavet)​ and​ Vietnam’s​ Tay​ Ninh​ province​ (Moc​ Bai)​ after​ movement​ restrictions​ were​ enforced​ to​ prevent​ a​ Covid-19​ outbreak.​ ...

Thou Vireak
https://www.phnompenhpost.com/business/cross-border-deal-inked-maintain-trade-amid-covid-19

Trade to continue as normal

Although controls have been tightened due to the new coronavirus, trade between Cambodia and Vietnam continues, with the countries aiming to achieve $5 billion in trade by the end of the year, a Vietnamese official has confirmed. ...

May Kunmakara
https://www.phnompenhpost.com/national/trade-continue-normal

GMAC: European and American markets have announced a suspension on garment exports from Cambodia

Some foreign garment buyers have notified garment factories in Cambodia for a suspension on the shipment of garment exports from Cambodia to European and US markets due to the effects of the COVID-19 outbreak. The statement comes after the recent arrival of raw materials from ...

Vietnam, Cambodia work to ensure smooth cross-border goods transport

Cambodia has asked for Vietnam’s coordination to ensure uninterrupted cross-border transport of goods amid the COVID-19 epidemic. ...

VIetnam Plus Staff
https://en.vietnamplus.vn/vietnam-cambodia-work-to-ensure-smooth-crossborder-goods-transport/170382.vnp

Call to restrict overseas imports

Small and medium enterprises (SMEs) have called for increased restrictions over allowing imported products from abroad access to their  domestic  markets. ...

Chea Vannak
https://www.khmertimeskh.com/50701923/call-to-restrict-overseas-imports/

12 more Chinese ships carrying garment raw materials to arrive in Cambodia this week

The Garment Manufacturers Association in Cambodia (GMAC) said on Wednesday that 12 more Chinese ships transporting raw materials for garment industry will arrive in Cambodia this week. ...

Khmer Times Staff
https://www.khmertimeskh.com/50700937/12-more-chinese-ships-carrying-garment-raw-materials-to-arrive-in-cambodia-this-week

Border Gate improvements planned to boost trade

The Royal Government of Cambodia has unveiled plans to improve facilities at border gates with Thailand and Vietnam in order to ease cross-border transport and boost trade activities.   ...

Khmer Times Staff
https://www.khmertimeskh.com/50698427/border-gate-improvements-planned-to-boost-trade

Cambodia’s trade deficit widens to $7.66 billion

Cambodia’s trade deficit with its global trading partners has continued to widen in 2019, with $7.66 billion more  imports than exports, according to a government report, increasing from $4.83 billion in 2018 and representing a 31.6 percent rise in one year. ...

Chea Vannak
https://www.khmertimeskh.com/50698301/cambodias-trade-deficit-widens-to-7-66-billion

Rice exports up despite global fears surrounding Covid-19

Cambodian rice exports to international markets grew sharply by more than 21 per cent in the first two months of this year despite fears of the Covid-19 pandemic causing global concern. ...

Hin Pisei
https://www.phnompenhpost.com/business/rice-exports-despite-global-fears-surrounding-covid-19

Government income beats 2019 target

The government hit a 20-year record in fiscal revenues from tax and Customs and Excise last year, exceeding the target and rising nearly a third year-on-year. Together they were nearly equal to planned expenditure. ...

Chea Vannak
https://www.khmertimeskh.com/50696032/government-income-beats-2019-target

Revenue from customs and excise to feel impact of Covid-19 outbreak, GDCE says

The General Department of Customs and Excise (GDCE) said its 2020 revenue will take a hit from the outbreak of the novel coronavirus in China. The department is unlikely to meet revenue goals for 2020 as import-export activity in the Kingdom slows down due to the ...

May Kunmakara
https://www.phnompenhpost.com/business/revenue-customs-and-excise-feel-impact-covid-19-outbreak-gdce-says

PM urges China to export urgent raw materials

Prime Minister Hun Sen yesterday urged Chinese Ambassador Wang Wentian to look into the possibility of exporting raw materials by air and sea to the Kingdom in order to prevent job losses resulting from a suspension in the operation of garment factories. ...

Taing Vida
https://www.khmertimeskh.com/50695610/pm-urges-china-to-export-urgent-raw-materials

Cambodia wants to attract more Indonesian investors

Cambodia and Indonesia plan to host a Trade and Investment Forum early in June in an effort to attract more Indonesian investors to the Kingdom. The plans were revealed after a meeting between Indonesian Ambassador to Cambodia Sudirman Haseng and Minister of Industry, Science, Technology and ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-wants-attract-more-indonesian-investors

Cambodia ‘keen on as many trade deals’ as possible

Prime Minister Hun Sen says he wants the nation to have many trade agreements with different partners to diversify its economic partners and attract more foreign direct investment. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50695217/cambodia-keen-on-as-many-trade-deals-as-possible

Cambodia faces supply chain crunch, no thanks to COVID-19

Southeast Asian suppliers from Cambodia, Myanmar and  Vietnam have become increasingly important to global fashion brands. Nearly 20% of Uniqlo owner Fast Retailing’s disclosed core sewing factories are in Vietnam, though China is still home to about half.​ However, these suppliers now face a supply ...

Khmer Times Staff
https://www.khmertimeskh.com/50694492/cambodia-faces-supply-chain-crunch-no-thanks-to-covid-19

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