Economy and commerce
Trade
Kingdom exports over 100,000 tonnes of rice to China under sixth MoU
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. ...
Sok Sithika
https://www.khmertimeskh.com/501037594/kingdom-exports-over-100000-tonnes-of-rice-to-china-under-sixth-mou/
Profits disappoint as garment exports grow
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. ...
Hom Phanet
https://www.phnompenhpost.com/business/profits-disappoint-garment-exports-grow
Cambodia’s rice exports not impacted by Russia-Ukraine crisis
The Russia-Ukraine conflict will have no significant influence on Cambodia’s rice exports, according to the Cambodia Rice Federation (CRF). ...
Khmer Times Staff
https://www.khmertimeskh.com/501036920/cambodias-rice-exports-not-impacted-by-russia-ukraine-crisis/
WEF lends hand in e-commerce, trade
A senior official at the World Economic Forum (WEF) has expressed support for Cambodia’s chairmanship of ASEAN, committing efforts to find ways of helping the Kingdom achieve its goals in the fields of digital commerce and investment facilitation, the Ministry of Commerce said in a ...
Nov Sivutha
https://www.phnompenhpost.com/business/wef-lends-hand-e-commerce-trade
Cambodia-Oz trade rises 52% in 2021
Australia has reaffirmed its commitment to furthering business dealings with Cambodia, as data from the commerce ministry revealed that bilateral trade volume between the two countries reached $324.492 million in 2021 – a 52 per cent surge year-on-year despite the ongoing Covid-19 crisis. ...
Hom Phanet
https://www.phnompenhpost.com/business/cambodia-oz-trade-rises-52-2021
No major impact on rice exports from Ukraine war: CRF
The Russia-Ukraine war will have no significant influence on Cambodian milled-rice exports, according to the Cambodia Rice Federation (CRF). ...
Hin Pisei
https://www.phnompenhpost.com/business/no-major-impact-rice-exports-ukraine-war-crf
Kingdom, Oman set to scale up trade, investment bonds
Cambodia and Oman have agreed to upgrade cooperation in trade and investment, identify priority areas, and explore the grounds to draw up agreements that resonate with both countries’ unique resources and abilities, according to the Ministry of Commerce. ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdom-oman-set-scale-trade-investment-bonds
Roadmaps drawn up for auto, electronics sectors
The government has drafted official roadmaps for the development of the automotive and electronics sectors in Cambodia, to create more than 22,000 new jobs and raise exports past $2 billion over the next five years. ...
Hom Phanet
https://www.phnompenhpost.com/business/roadmaps-drawn-auto-electronics-sectors
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/
First firm issued RCEP CO exporting shoes to China
A shoe exporter has become the first company in Cambodia to receive a Certificate of Origin (CO) to export goods to China under the Regional Comprehensive Economic Partnership (RCEP) ratified in October last year. ...
Hom Phanet
https://www.phnompenhpost.com/business/first-firm-issued-rcep-co-exporting-shoes-china
DPM Men Sam An: Australia, Cambodia maintain strong political and trade ties
Deputy Prime Minister Men Sam An reaffirmed that the political and trade ties between Australia and the Kingdom of Cambodia remain strong. ...
Khmer Times Staff
https://www.khmertimeskh.com/501033694/dpm-men-sam-an-australia-cambodia-maintain-strong-political-and-trade-ties/
400K tonnes of cassava for SW China
Cambodia will export 400,000 tonnes of dried cassava to the Guangxi Zhuang Autonomous Region “from March 2022 to March 2023”, under a new agreement between the Ministry of Commerce and the southwestern Chinese region, according to the ministry. ...
Hin Pisei
https://www.phnompenhpost.com/business/400k-tonnes-cassava-sw-china
Cambodia third in RCEP income gains, growth in exports, WB says
Cambodia ranked third in both real income gains and export growth among Regional Comprehensive Economic Partnership (RCEP) members, according to the World Bank (WB). ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-third-rcep-income-gains-growth-exports-wb-says
Cambodia-China trade volume reaches $11.2 billion in 2021
According to Cambodia’s Commerce Minister Pan Sorasak, the trade volume between Cambodia and China reached nearly $11.2 billion in 2021. ...
Khmer Times Staff
https://www.khmertimeskh.com/501032773/cambodia-china-trade-volume-reaches-11-2-billion-in-2021-2/
Rice exports to China accounted for 50 percent of total rice exports in January
Rice exports to China accounted for 50 percent of total rice exports in January, an increase due to the high commitments from China through the signing of the Sixth Memorandum of Understanding (MoU) for 400,000 tons per year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501031695/rice-exports-to-china-accounted-for-50-percent-of-total-rice-exports-in-january/
Sihanoukville Autonomous Port Q4 net surges to $5.9 million
Sihanoukville Autonomous Port (PAS) recorded a net profit of $5.9 million for the fourth quarter in 2021 due to an increase in container throughput and foreign exchange gains. ...
Sok Sithika
https://www.khmertimeskh.com/501030709/sihanoukville-autonomous-port-q4-net-surges-to-5-9-million/
Cambodia, Malaysia to enhance trade and economic ties
Cambodia and Malaysia are looking forward to enhancing the cooperation in trade and economic ties. Prime Minister of Malaysia Datuk Seri Ismail Sabri Yaakob, who is in capital on a two-day official visit, is scheduled to have a royal audience with Cambodian King Norodom Sihamoni ...
Chea Vanyuth
https://www.khmertimeskh.com/501030560/cambodia-malaysia-to-enhance-trade-and-economic-ties/
Trade pacts will draw investment to Cambodia
The Regional Comprehensive Economic Partnership free trade pact and bilateral free trade agreements are among the key factors attracting foreign direct investment to Cambodia, a senior official says. ...
Khmer Times Staff
https://www.khmertimeskh.com/501028665/trade-pacts-will-draw-investment-to-cambodia/
Cambodia’s non-garment manufacturing product export amounts $4.5 billion last year
Cambodia’s non-garment manufacturing product export was valued at $4,541 million last year, 44.2 percent compared to the same period in a year before, according to figures from the General Department of Customs and Excises. ...
Chea Vanyuth
https://www.khmertimeskh.com/501025911/cambodias-non-garment-manufacturing-product-export-amounts-4-5-billion-last-year/
Cambodia’s garment export nets $11.3 billion in 2021
Despite facing challenges over raw material supplies, strict crossing border measures imposed by the deadly Covid-19, Cambodia’s garment sector saw the robust growth of export last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501025229/cambodias-garment-export-nets-11-3-billion-in-2021/
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 garment, footwear, travel goods exports up 15.2 pct in 2021
Cambodia’s garment, footwear and travel goods industry has seen a 15.2 percent rise in exports in 2021, according to a report from the General Department of Customs and Excise on Saturday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501024109/cambodias-garment-footwear-travel-goods-exports-up-15-2-pct-in-2021/
Capital’s airport records 28% cargo rise
Phnom Penh International Airport handled 55,000 tonnes of air freight in 2021, surging by about 28 per cent from a year earlier, according to a State Secretariat of Civil Aviation (SSCA) report. ...
Hom Phanet
https://www.phnompenhpost.com/business/capitals-airport-records-28-cargo-rise
Kingdom-United States trade tops $9.1 billion last year
The bilateral trade between Cambodia and the US amounted to $9,159 million in value in 2021, a 15.8 percent increase compared to the same period last year, according to a report the US Census Bureau issued on Wednesday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501022173/kingdom-united-states-trade-tops-9-1-billion-last-year/