Ministries and other national bodies
Ministry of Commerce
Ministry mulls Alibaba deal to boost int’l sales
The government is exploring the idea of entering into a memorandum of understanding (MoU) with Chinese e-commerce giant Alibaba Group to shore up international online sales of Cambodian products.Minister of Commerce Pan Sorasak on February 14 chaired a first key meeting of an ad-hoc working ...
May Kunmakara
https://www.phnompenhpost.com/business/ministry-mulls-alibaba-deal-boost-intl-sales
Cambodian ministry signs MoU with private company on e-commerce cooperation
Cambodia’s Ministry of Commerce and Lanton Cloud Service Technology Co., Ltd. have signed a memorandum of understanding (MoU) on strategic cooperation to promote the kingdom’s e-commerce, said a ministry’s news release on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501239890/cambodian-ministry-signs-mou-with-private-company-on-e-commerce-cooperation/
Cambodia’s increasing business registration reflects economic recovery
The Ministry of Commerce registered 10,701 new companies and enterprises in 2022, up 40 percent from 2021, reflecting Cambodia’s post pandemic economic recovery, said a report of the Ministry of Commerce released earlier this week. ...
Khmer Times Staff
https://www.khmertimeskh.com/501231414/cambodias-increasing-business-registration-reflects-economic-recovery/
Int’l trade rises as commerce ministry lays out 2023 plans
Cambodia’s 9.19 per cent on-year rise in foreign trade value to the $52.425 billion logged by Customs for 2022 was driven by “in-depth reforms in all areas”, improvements in export competitiveness, and an increasingly favourable business and investment environment, according to Minister of Commerce Pan ...
Hin Pisei
https://www.phnompenhpost.com/business/intl-trade-rises-commerce-ministry-lays-out-2023-plans
Salt, fish sauce, crayfish set for GI tag
Three local products are in the final stages of domestic geographical indication (GI) registration, with another not far behind, the Ministry of Commerce reported, raising hopes that the protected status would allow producers to expand their footprint globally, and promote a surge in the value ...
Hin Pisei
https://www.phnompenhpost.com/business/salt-fish-sauce-crayfish-set-gi-tag
MoC earns $15m in 2022
The Ministry of Commerce has earned more than $15 million to bolster the national budget, an increase of more than six percent over 2021, according to a report. ...
Mao Sreypich
https://kiripost.com/stories/cambodia-moc-earns-15m-in-2022
South Korean agency pushes investment in auto-parts, tech
At a recent meeting in Seoul with a Cambodian delegation led by Minister of Commerce Pan Sorasak, Yu expressed his firm belief that the Cambodia-Korea Free Trade Agreement (CKFTA) will boost trade between the two countries. ...
Van Socheata
https://www.phnompenhpost.com/business/south-korean-agency-pushes-investment-auto-parts-tech
More than 10,700 new business establishments set up in Cambodia in 2022, an increase of 39 percent
Cambodia issued operating licenses to 10,701 new companies in 2022, up 39 percent from 7,677 firms in 2021, said a Ministry of Commerce’s report released on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501229929/more-than-10700-new-business-establishments-set-up-in-cambodia-in-2022-an-increase-of-39-percent/
Cambodia’s trade with RCEP countries hit $31 bln last year
Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) member countries reached 31 billion U.S. dollars in 2022, up 4 percent from a year earlier, according to a Ministry of Commerce report released on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501221471/cambodias-trade-with-rcep-countries-hit-31-bln-last-year/
Walmart looks to expand Cambodian business
Walmart, the world’s largest retailer intends to learn more about Cambodia’s trade and investment potential, potentially expanding its business in a future collaboration with the Ministry of Commerce. ...
Van Socheata
https://www.phnompenhpost.com/business/walmart-looks-expand-cambodian-business
Cambodia-Korea FTA to come into force next month
The Ministry of Commerce and the Embassy of the Republic of Korea in Phnom Penh on Thursday co-organised a workshop on dissemination of the benefits and export procedures to local exporters under the Cambodia-Korea Free Trade Agreement (CKFTA). ...
Khmer Times Staff
https://www.khmertimeskh.com/501191231/cambodia-korea-fta-to-come-into-force-next-month/
Cambodia-UAE first round of CEPA talks completed
Cambodia and United Arab Emirates on Wednesday completed the first round of the negotiations on the Cambodia-UAE Comprehensive Economic Partnership Agreement (CAM-UAE CEPA) in Abu Dhabi City, according to a release by the Ministry of Commerce (MoC). ...
Kang Sothear
https://www.khmertimeskh.com/501176355/cambodia-uae-first-round-of-cepa-talks-completed/
Cambodia-UAE bilateral trade rises by 40 percent in first eight months
The two-way trade between Cambodia and the United Arab Emirates (UAE) reached almost $280 million in the first eight months of this year, up over 40 percent compared to same period in 2021. ...
Khmer Times Staff
https://www.khmertimeskh.com/501175854/cambodia-uae-bilateral-trade-rises-by-40-percent-in-first-eight-months/
University students encouraged to focus on digital technology
Ministry of Commerce (MoC) has encouraged university students in Cambodia to focus on digital technology and innovation developments amid the remarkably growing Industry Revolution 4.0 and e-commerce business after the e-commerce law was passed. ...
Kang Sothear
https://www.khmertimeskh.com/501139165/university-students-encouraged-to-focus-on-digital-technology/
Ministry of Commerce urges implementation of consumer protection laws
The Ministry of Commerce urged businesses to implement laws on consumer protection, competition and anti-fraud to prevent trade fraud, ensure quality and safety. ...
Khmer Times Staff
https://www.khmertimeskh.com/501111823/ministry-of-commerce-urges-implementation-of-consumer-protection-laws/
Cambodia’s e-commerce market value sees fast growth during COVID-19 pandemic
Cambodia’s market value of e-commerce had increased to $970 million in last year, up 19 percent from 813 million dollars in 2020, according to the Ministry of Commerce’s iTrade Bulletin released recently. ...
Khmer Times Staff
https://www.khmertimeskh.com/501106820/cambodias-e-commerce-market-value-sees-fast-growth-during-covid-19-pandemic/
E-commerce market value rises 19% to $970 million
The market value of e-commerce in Cambodia surged 19 percent to $970 million in 2021 compared to a year earlier, according to the iTrade Bulletin of the Ministry of Commerce. ...
Chea Vanyuth
https://www.khmertimeskh.com/501105754/e-commerce-market-value-rises-19-to-970-million/
Cambodia, Vietnam eye $10 billion bilateral trade in 2022
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. ...
Chea Vanyuth
https://www.khmertimeskh.com/501063033/cambodia-vietnam-eye-10-billion-bilateral-trade-in-2022/
Cambodia launches 1st B2B2C e-commerce platform
Cambodia on Thursday launched the country’s first business-to-business-to-customer (B2B2C) e-commerce platform, aiming to help small and medium-sized enterprises (SMEs) sell their products to potential clients, said Commerce Minister Pan Sorasak. ...
Khmer Times Staff
https://www.khmertimeskh.com/501050763/cambodia-launches-1st-b2b2c-e-commerce-platform/
Deadline for online business registration now extended to July
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. ...
Hin Pisei
https://www.phnompenhpost.com/business/deadline-online-business-registration-now-extended-july
Sorasak sees Cambodia-Czech bilateral trade boost in 2022
The trade volume between Cambodia and Czech Republic reached around $126 million in 2019. However, due to the adverse impact of Covid-19, trade between both countries shrank to about $80 million by 2020 and 2021. But Cambodia’s Minister of Commerce Pan Sorasak expects an improvement ...
Sok Sithika
https://www.khmertimeskh.com/501034800/sorasak-sees-cambodia-czech-bilateral-trade-boost-in-2022/
Cambodia’s export to Canada under free tariffs and free quotas reaches $954.82 million
Pan Sorasak, Minister of Commerce, met with Dr. Sarah Taylor, Ambassador of Canada to the Kingdom of Cambodia to enhance cooperation between the two countries and promote some priority areas. ...
Khmer Times Staff
https://www.khmertimeskh.com/501025343/cambodias-export-to-canada-under-free-tariffs-and-free-quotas-reaches-954-82-million/
Cambodia’s Ministry of Commerce advises exporters to find alternatives as Vietnam-China border crossings congested
The Ministry of Commerce yesterday informed traders, Association of Freight Forwarders, Importers and the public that at present, exporting goods to China via the Vietnam China border may become an issue due to the severe bottleneck. ...
Khmer Times Staff
https://www.khmertimeskh.com/501000340/cambodias-ministry-of-commerce-advises-exporters-to-find-alternatives-as-vietnam-china-border-crossings-congested/
Ministry of Commerce three draft laws get NA approval
The National Assembly approved the amendment by the Ministry of Commerce on three major laws. ...
Khmer Times Staff
https://www.khmertimeskh.com/50998359/ministry-of-commerce-three-draft-laws-get-na-approval/