Economy and commerce
Trade
Vietnamese Goods Fair Opens In Phnom Penh
The 10th High Quality Vietnamese Products and Exports trade fair opened yesterday in the Cambodian capital city of Phnom Penh. It has attracted around 150 firms who have set up 250 booths to display more than 2,000 products, including electronics, consumer goods, stationary, books, construction materials, ...
Cambodia Proposes New Initiatives For Green Tourism
In line with Royal Government policy determining tourism as the Green Gold, 2011 is the year that we commenced mainstreaming the green tourism concept to all stakeholders. Cambodia started some new initiative to inspire green tourism in the country. “The Clean and Green Concept is basically ...
Cambodia And Vietnam Trade Continues To Grow In 2012
Trade between Vietnam and Cambodia exceeded US$1.9 billion dollars in the first seven months of this year, the High Quality Vietnamese Goods Business Association said yesterday. Speaking at a news conference, an association official said Vietnamese exports to Cambodia came to $1.6 billion in the seven ...
Cambodia's Economic Growth Expects To Be 7% In 2012
“Cambodia’s economic growth will stand about 7 per cent this year,” director general of National Bank of Cambodia His Excellency Chea Chanto said. He adds: “Cambodia is trying to diversify its economies to boost the growth.” At the same time, the report from World Bank said: ...
Carlsberg for Better Beer Promoter Working Conditions in Cambodia
Women sales promoters working in bars in Cambodia are occasionally exposed to harassment by customers varying from being coerced into drinking and in some cases, being subjected to sexual abuse. Cambodia Carlsberg Group and The Danish Confederation of Trade Unions (LO) have joined forces in a ...
http://www.scandasia.com/viewNews.php?coun_code=dk&news_id=11060
Vietnam holds largest-ever trade fair in Cambodia
Vietnam organized the largest- ever trade fair on Thursday, vowing to boost the bilateral trade to $3 billion this year. Speaking at the opening of the 5-day event at Mondial Center, Vu Kim Hanh, chairwoman of the Business Association of High Quality Vietnam Goods, said the ...
Strikes lead to cut in orders
Global brands Levi’s and Gap had slashed their orders from the Tai Yang and Camwell garment factories by 20 per cent, the factories’ boss said yesterday, amid the longest strike in the industry’s recent history. Tai Yang Enterprises manager Wu Minghuor said his company had shuttered ...
Vietnam needs more nuts
Cambodian cashew nut traders believe the market price for cashew nuts will increase, as demand from Vietnamese markets increases along with international demand. Vietnam’s domestic enterprise imported nearly 157,000 tonnes of raw cashew nuts in the first seven months of the year, mostly from Cambodia, ...
http://www.phnompenhpost.com/index.php/2012082458254/Business/vietnam-demands-more-cashew-nuts.html
Samsung holds No 1 position
Samsung smartphones are dominating Cambodia’s crowded mobile phone market in terms of market share and the number sold, company representatives said yesterday. “For the smartphone industry in Cambodia, we are absolutely dominant. That means we stand as number one in terms of market share, based on ...
http://www.phnompenhpost.com/index.php/2012082458257/Business/samsung-holds-no-1-position.html
Southeast Asian Rice Exporters Eye Cartel to Boost Prices
Southeast Asia’s rice-exporting nations are in talks to create a formal alliance aimed at boosting prices and increasing export revenues, a move that could cause tensions with rice-importing nations. An alliance of Thailand, Vietnam, Cambodia, Laos and Myanmar will aim to share information and cooperate ...
Trade With Vietnam Grows Through Seven Months
Trade between Vietnam and Cambodia grew 22.36 percent in the first seven months of the year to reach $1.96 billion compared to the same period last year, a Vietnamese official said yesterday. Vu Thinh Cuong, commercial counselor at the Vietnam Trade Office, said imports from Vietnam ...
Conference focus on social enterprises
Cambodia’s second conference on social enterprise is set to take place tomorrow with the aim of tackling poverty, social exclusion and health and environmental problems, organisers say. The all-day conference, at the Cambodia-Japan Conference Centre at the Royal University of Phnom Penh, will facilitate discussions among participants ...
Accused Manager Put on Leave; Workers Lodge Complaints
The manager accused of abusing female workers at the Ocean Garment factory in Phnom Penh, and who provoked days of public demonstrations by thousands of workers to have him fired, has been put on leave, while his alleged victims have lodged complaints against him with ...
ASEAN-US business summit next week
United States Trade Representative Ron Kirk, will spend two days, August 30 and 31, in Siem Reap attending the 44th ASEAN Economic Ministers’ meeting and the ASEAN-US Business Summit. He is also scheduled to meet separately with Cambodian leaders and other participating ministers to discuss bilateral ...
Rice Exporters Eye Cartel to Boost Prices
Southeast Asia’s rice-exporting nations are in talks to create a formal alliance aimed at boosting prices and increasing export revenues, a move that could cause tensions with rice-importing nations. But any bid by the five countries to drive up prices will be a challenge, given previous ...
http://online.wsj.com/article/SB30000872396390444812704577606962232854218.html
Clash, charges roil Ocean
More than 2,500 Ocean Garment factory workers jostled with about 100 military police in the capital’s Dangkor district yesterday in their second protest march over the alleged sexual harassment of four female employees. In an inter-governmental ministerial committee meeting on Tuesday, Ocean – which supplies ...
Businesses know little of the letter of the law
Cambodia entrepreneurs faced considerable problems when it came to obeying tax laws and other regulations, officials at a seminar about that very subject said yesterday. The VDB Loi company organised the seminar on “New Practices and Preferential Trade Rules” with the co-operation of the General Department of Customs and ...
Customs to Give Preference to Trusted Firms
The department of customs and excise will begin certifying companies it deems trustworthy so that their goods have easier passage across Cambodia’s borders, an official said yesterday. Traders will receive ranks based on compliance with customs rules, he [Nuom Chanrith, the director of planning at the Finance Ministry’s general ...
Workforce Must Improve to Compete in Asean Bloc
Cambodia’s workforce must quickly improve its skills base if it is to compete with other countries in the region when the Asean bloc becomes a single market in 2015, officials said yesterday at a seminar held in Phnom Penh. When the Asean Economic Community goes ahead in ...
Garment Workers Rally for Third Day to Sack Factory Manager
More than 2,00 female workers from a factory in Phnom Penh that makes clothes for the U.S. brand Gap protested yesterday for a third straight day demanding that the firm sack a manager at the factory for allegedly abusing workers. Lining Russian Boulevard near the Ocean ...
Another mass fainting, but H&M 'not to blame'
The second mass fainting in a month at Kampong Chhnang’s M&V garment factory, a supplier for global retailer H&M, saw 23 women taken to hospital yesterday, bringing the total number of affected workers in August to 67. Noun Sam Ol, president of the Free Trade Union ...
Sumitomo Mitsui bank returns to Kingdom after 45 years
Sumitomo Mitsui Banking Corporation (SMBC) of Japan will sign a memorandum of understanding with Acleda Bank Plc this weekend for mutual business co-operation. Senior Acleda officials said the agreement would help to improve investment and trade from Japan to Cambodia. Acleda will also give Japanese investors and businesses advice ...
Opportunities, challenges for ASEAN
Cambodia will face both challenges and opportunities when the ASEAN Economic Community (AEC) combines its 10 countries into a single market for economic development, a move intended for 2015, officials said during a round-table discussion yesterday. Sok Siphanna, an adviser to the Ministry of Foreign Affairs and ...
Cambodia’s trade with Malaysia grows sharply
Cambodia’s trade with Malaysia grows sharply in 1st 4 months of Y 2011 The bi-lateral trade between Cambodia and Malaysia increased by 75% in the 1st 4 months of this year, compared to the same period last year, said a senior commerce official Wednesday. From January to ...
http://www.livetradingnews.com/cambodias-trade-with-malaysia-grows-sharply-47229.htm