Economy and commerce
Trade
Cambodia imports oil, and gas products worth $2.28 billion in the first eight months of the year
Cambodia’s imports of oil and gas products totaled $2.28 billion during the January-August period this year, down 9.5 percent from last year, according to a report from the General Department of Customs and Excise on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362703/cambodia-imports-oil-and-gas-products-worth-2-28-billion-in-the-first-eight-months-of-the-year/
Cashew exports to Vietnam decline 16%, says CAC
Cambodia exported 607,000 tonnes of Raw Cashew Nuts (RCN) to Vietnam in the first eight months of 2023 earning $820 million, a decrease of 15.8 percent compared to the same period last year. ...
Nheng Chamrong
https://www.khmertimeskh.com/501361913/cashew-exports-to-vietnam-decline-16-says-cac/
Kingdom-Philippines trade to cross $100 million this year
Trade between Cambodia and the Philippines is poised to cross the $100 million mark this year too as the economic ties between the two ASEAN Member States are growing stronger. ...
Manoj Mathew
https://www.khmertimeskh.com/501361715/kingdom-philippines-trade-to-cross-100-million-this-year/
China ready to bolster Belt and Road cooperation, Cambodia benefits immensely
Premier Li Qiang stressed China’s readiness to bolster Belt and Road cooperation and uphold the centrality of the Association of Southeast Asian Nations in regional affairs during separate meetings with leaders of Laos, Vietnam, Indonesia and Malaysia over the weekend. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362710/china-ready-to-bolster-belt-and-road-cooperation-cambodia-benefits-immensely/
China, ASEAN eye closer ties as expo, summit opens
Premier Li Qiang reaffirmed on Sunday Beijing’s commitment to a neighborhood policy of amity, sincerity, mutual benefit, and inclusiveness in bolstering ties with the Association of Southeast Asian Nations, calling for a closer bond of interests between China and the 10-nation regional group. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362741/china-asean-eye-closer-ties-as-expo-summit-opens/
Cambodian Rice Federation reports record rice exports, on track to reach 1 million tonnes by 2025
Cambodia is poised to achieve its goal of exporting 1 million tonnes of rice annually by 2025, as indicated by the country’s rice exports reaching over 400,000 tonnes in the first eight months of the year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501361211/cambodian-rice-federation-reports-record-rice-exports-on-track-to-reach-1-million-tonnes-by-2025/
Manet highlights importance of regional trade at China-ASEAN expo
Prime Minister Hun Manet addressed the opening ceremony of the 20th China-ASEAN Expo in Nanning, China, on September 16, expressing his belief that amid growing global uncertainties, the expo would provide an opportunity for the attendees to forge closer relations while helping to promote sustainable ...
Post Staff
https://www.phnompenhpost.com/business/manet-highlights-importance-regional-trade-china-asean-expo
Prime Minister Manet discusses economic collaboration at CAEXPO
Prime Minister Hun Manet would have become one of the four heads of government of the Association of Southeast Asian Nations (ASEAN) member states to attend the 20th China-ASEAN Expo (CAEXPO) on Sunday in the southern city of Nanning, Guangxi region of China. ...
Khmer Times Staff
https://www.khmertimeskh.com/501361218/prime-minister-manet-discusses-economic-collaboration-at-caexpo/
Cambodia-China Industrial Park in Guangxi boosting trade with ASEAN
The Cambodia-China Industrial Park Project in the Guangxi Zhuang Autonomous Region serves as China’s primary access point for trade with ASEAN countries, facilitating exports and imports. ...
Mohan Bandam and Raquel Bacay
https://www.khmertimeskh.com/501361713/cambodia-china-industrial-park-in-guangxi-boosting-trade-with-asean/
Joint Communique between the Government of the People’s Republic of China and the Royal Government of Cambodia
The Government of the People’s Republic of China and the Royal Government of Cambodia on Saturday issued a joint communique as follows: ...
Khmer Times Staff
https://www.khmertimeskh.com/501361369/joint-communique-between-the-government-of-the-peoples-republic-of-china-and-the-royal-government-of-cambodia/
Cambodia’s trade with China crosses $8 billion
China remained the biggest trading partner of Cambodia in the January to August period this year and the trade between the two countries reached $8.09 billion by the end of last month showing an increase of 1.1 percent compared to the same period in 2022. ...
Manoj Mathew
https://www.khmertimeskh.com/501359586/cambodias-trade-with-china-crosses-8-billion/
CDC urges Xiamen investors to tap vast opportunities in Kingdom
The Council for the Development of Cambodia (CDC) has sought investments from potential investors from China’s Xiamen city of the Fujian province amid the Kingdom setting records in terms of Foreign Direct Investments (FDIs) during the current year. ...
Nheng Chamrong
https://www.khmertimeskh.com/501359497/cdc-urges-xiamen-investors-to-tap-vast-opportunities-in-kingdom/
India critical to Cambodia’s FTA expansion plans
The emerging superpower India stands as a high potential for the Kingdom’s Free Trade Agreement (FTA) expansion plans, a leading Cambodian academician and international development expert has opined. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501359583/india-critical-to-cambodias-fta-expansion-plans/
Cambodia’s exports to S’pore rise by 555% in Jan-Aug
Cambodia’s exports to Singapore rose by an impressive 554.8 percent in the January to August period this year compared to the same period in 2022 – from $72.83 million to $476.90 million. ...
Manoj Mathew
https://www.khmertimeskh.com/501359846/cambodias-exports-to-spore-rise-by-555-in-jan-aug/
RCEP to help Cambodia achieve 2030 goal
The Regional Comprehensive Economic Partnership (RCEP) will help Cambodia to achieve its goal of becoming an upper middle-income country by 2030, said Sok Siphana, Senior Minister in Charge of International and Multilateral Trade and Economic Relations. ...
Chea Vanyuth
https://www.khmertimeskh.com/501359847/rcep-to-help-cambodia-achieve-2030-goal/
Cambodia’s exports to S’pore rise by 555% in Jan-Aug
Cambodia’s exports to Singapore rose by an impressive 554.8 percent in the January to August period this year compared to the same period in 2022 – from $72.83 million to $476.90 million. ...
Manoj Mathew
https://www.khmertimeskh.com/501359846/cambodias-exports-to-spore-rise-by-555-in-jan-aug/
Bangladesh, Pakistan, Cambodia, Vietnam face $65 billion apparel export hit from extreme weather
Extreme heat and flooding could erase $65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures and factories close, research from Schroders and Cornell University showed on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501360053/bangladesh-pakistan-cambodia-vietnam-face-65-billion-apparel-export-hit-from-extreme-weather/
Cambodia-US 8-month trade slips 5%
Exports from Cambodia to the US in the first eight months of 2023 dipped 4.8 per cent to $6.1 billion, compared to the same period in 2022, according to the General Department of Customs and Excise of Cambodia (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-us-8-month-trade-slips-5
Cambodia’s international trade recorded at almost $32 billion in first eight months
The total trade volume between Cambodia and its partners around the world reached almost $32 billion in the first eight months of 2023, down 14.5 percent compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501359286/cambodias-international-trade-recorded-at-almost-32-billion-in-first-eight-months/
GFT exports decline 19% in Jan-Aug
Cambodia’s exports of garments, footwear and travel goods (GFT) continue to decline with the January to August period showing a setback of 19.28 percent, compared to the performance of the sector during the same period last year. ...
Manoj Mathew
https://www.khmertimeskh.com/501358748/gft-exports-decline-19-in-jan-aug/
Prey Veng exports nearly 1.6 million tons of rice, earning nearly $400 million in the first nine months of 2023
At least 1.6 million tonnes of rice was exported from Prey Veng province to Vietnam, earning nearly $400 million by the first nine months of 2023. This is according to the report of the Department of Agriculture, Forestry and Fisheries of Prey Veng Province on ...
Khmer Times Staff
https://www.khmertimeskh.com/501359137/prey-veng-exports-nearly-1-6-million-tons-of-rice-earning-nearly-400-million-in-the-first-nine-months-of-2023/
SEZs drive $26B exports since 2011
Cambodia has 24 special economic zones (SEZ) operating from 2016 to the end of the first half of 2023, with capital investment of $8.1 billion, mainly in sectors such as garment, footwear and travel products, auto parts, electronics, car tyre manufacturing, automotive and bicycle assembly. ...
May Kunmakara
https://www.phnompenhpost.com/business/sezs-drive-26b-exports-2011
Cambodia skilfully marketed during 43rd ASEAN Summit
Prime Minister Hun Manet said last Saturday that he along with the top officials from public and private sector institutions promoted various sectors of Cambodia’s economy during 18 bilateral and multilateral meetings out of the 34 on-the-sidelines meetings during the 43rd ASEAN Summit and Related ...
Kang Sothear
https://www.khmertimeskh.com/501357932/cambodia-skilfully-marketed-during-43rd-asean-summit/
Exports inch up in spite of international trade falling from Jan-Aug
Trade between Cambodia and international partners in the first eight months of 2023 amounted to nearly $32 billion, down 14.5 per cent compared to $37.4 billion in the same period in 2022, although the General Department of Customs and Excise of Cambodia (GDCE) contended that ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-inch-spite-international-trade-falling-jan-aug