Economy and commerce

Cambodia’s GFT exports surge 23% in 8 months

Cambodia’s exports of garments, footwear and travel goods (GFT) surged by 23.33 percent in the first eight months of this year, compared to the same period last year, earning the country $9.08 billion, according to the latest trade data of the General Department of Customs ...

Manoj Mathew
https://www.khmertimeskh.com/501560375/cambodias-gft-exports-surge-23-in-8-months/

CDC reports 161 percent investment surge

The Council for the Development of Cambodia (CDC) Saturday announced that under the leadership of Prime Minister Hun Manet, the Royal Government of Cambodia (RGC) of the Seventh Legislature has attracted $7.5 billion of investment capital over one year period, marking a 161 percent rise ...

Nhean Chamrong
https://www.khmertimeskh.com/501560387/cdc-reports-161-percent-investment-surge/

Cambodia’s public debt stands at $11.27 billion

Cambodia’s public debt stood at $11.27 billion by the end of the second quarter of this year, according to a report of the Cambodia Public Debt Statistical Bulletin released by the Ministry of Economy and Finance on Monday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501560381/cambodias-public-debt-stands-at-11-27-billion/

Ministry says Cambodia’s public debt situation remains at low risk

Cambodia’s public debt stood at $11.27 billion as of the end of the second quarter of this year, according to the Cambodia Public Debt Statistical Bulletin released by the Ministry of Economy and Finance.​ ...

Khmer Times Staff
https://www.khmertimeskh.com/1560668/ministry-says-cambodias-public-debt-situation-remains-at-low-risk/

Cambodia, Indonesia trade to exceed $1.1 billion

Amid the rising economic cooperation between Cambodia and Indonesia, the bilateral trade volume in 2023 has increased by 15 percent while in the first six months of this year, it reached nearly $580 million, making it possible to surpass $1.1 billion by the end of ...

Nhean Chamrong
https://www.khmertimeskh.com/501559729/cambodia-indonesia-trade-to-exceed-1-1-billion/

Kingdom, South Korea ink rural development MoU

Cambodia and South Korea signed a memorandum of understanding (MoU) on cooperation between the South Korean province of Kyungsangbukdo and the Asian Cultural Council (ACC) of Cambodia on the “New Village Movement” project on September 12. ...

Ry Sochan
https://www.phnompenhpost.com/national/kingdom-south-korea-ink-rural-development-mou

Sihanoukville port to reach over 2.63M TEU capacity by 2030

Prime Minister Hun Manet inaugurated the expanded container terminal at the Sihanoukville Autonomous Port (PAS) today, September 12, which now has the capacity to handle up to one million twenty-foot equivalent units (TEU) annually. ...

Niem Chheng
https://www.phnompenhpost.com/business/sihanoukville-port-to-reach-over-2-63m-teu-capacity-by-2030

China's Zhengzhou looks to invest in Cambodian rice for export

The Ministry of Agriculture, Forestry and Fisheries has announced that a delegation from Zhengzhou, the capital of China’s Henan province, has expressed interest in Cambodian products, including “high-quality and delicious rice”, and intend to process them for export to Chinese and international markets. ...

Ry Sochan
https://www.phnompenhpost.com/business/china-s-zhengzhou-looks-to-invest-in-cambodian-rice-for-export

Cambodia seeks China’s assistance in establishing first FTZ

Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) urged senior officials of the government of the People’s Republic of China (PRC) to collaborate in establishing the first free trade zone (FTZ) and also constructing more special ...

Nhean Chamrong
https://www.khmertimeskh.com/501558180/cambodia-seeks-chinas-assistance-in-establishing-first-ftz/

Cam-RoK Friendship Bridge construction to begin in 2025

The groundbreaking ceremony of the ‘Cambodia-Korean Friendship Bridge’ – the largest and longest bridge in the Kingdom – will begin in 2025, said Yoon Suk Yeol, President of the Republic of Korea (RoK). ...

Nhean Chamrong
https://www.khmertimeskh.com/501558178/cam-rok-friendship-bridge-construction-to-begin-in-2025/

Cambodia, 2nd largest global exporter of cashews

During the first seven months of 2024, Cambodia has produced more than 830,000 tonnes of raw cashew nuts, up 36.7%, making it the world’s second largest cashew exporting country. ...

Khmer Times Staff
https://www.khmertimeskh.com/501558654/cambodia-2nd-largest-global-exporter-of-cashews/

More rice trade deals underway to expand markets

Cambodia is negotiating with some countries in the region on rice trade deals to expand the Cambodian rice market, said Cham Nimul, Minister of Commerce on Tuesday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501557391/more-rice-trade-deals-underway-to-expand-markets/

Phnom Penh Port’s August, 8-month revenue sees buoyant rise

State-owned Phnom Penh Autonomous Port’s revenue for August 2024 climbed 25 percent to $4.4 million from last year, amid buoyant growth in container TEUs and cargo volumes between January and August this year. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/phnom-penh-ports-august-8-month-revenue-sees-buoyant-rise

PM welcomes US firms keen on investing in agri-products

Prime Minister Hun Manet Tuesday welcomed the US companies seeking investment opportunities and interested in exporting Cambodian agricultural products to the US market, as well as promoting cooperation in the field of education in the Kingdom. ...

Mom Kunthea
https://www.khmertimeskh.com/501556625/pm-welcomes-us-firms-keen-on-investing-in-agri-products/

Cambodia-China trade enjoys robust growth in first eight months of 2024

Cambodia’s trade with China enjoyed robust growth of 24.5% in the first eight months of this year, said an official report released on Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501556881/cambodia-china-trade-enjoys-robust-growth-in-first-eight-months-of-2024/

Cambodian rice exports find new markets in 9 countries

The President of the Cambodia Rice Federation (CRF) Chan Sokheang, stated that this year, Cambodia’s rice exports will expand into new markets, including several islands and nine additional countries, with most buyers purchasing fragrant rice. ...

Khmer Times Staff
https://www.khmertimeskh.com/501553650/cambodian-rice-exports-find-new-markets-in-9-countries/

Investment projects worth over $1.2B approved in August

A total of 53 new and expansion investment projects with a combined value of over $1 billion were approved by the government in August. These projects aim to enhance domestic production capacity and boost the export of Cambodian-made goods to international markets. ...

Post Staff
https://www.phnompenhpost.com/business/investment-projects-worth-over-1-2b-approved-in-august

Cambodia nets $1.2 billion investments in August

The Council for Development of Cambodia (CDC) approved 53 new projects worth $1.2 billion in August, generating approximately 33,000 jobs for the local people, said a report yesterday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501555835/cambodia-nets-1-2-billion-investments-in-august

Battambang, Trat discuss permanent economic checkpoints along borders

Battambang Chamber of Commerce (BCC), Banteay Meanchey Chamber of Commerce (BMCC) and Trat Chamber of Commerce of Thailand Friday discussed the opening of a permanent economic checkpoint to promote the exchange of goods along the border of the two countries. ...

Mom Kunthea
https://www.khmertimeskh.com/501555821/battambang-trat-discuss-permanent-economic-checkpoints-along-borders/

Two new tyre plants approved in August, 3,500 jobs created

Two tyre manufacturing factories, with a total investment of $686 million, were approved by the Council for the Development of Cambodia (CDC) in August, creating 3,459 jobs. ...

Niem Chheng
https://www.phnompenhpost.com/business/two-new-tyre-plants-approved-in-august-3-500-jobs-created

Hun Sen proposes investment in rice mills to Indonesian leader

Cambodia Friday urged Indonesian companies to invest 100 percent in rice mills with options to export not only to Indonesia but also to other countries as well. ...

Mom Kunthea
https://www.khmertimeskh.com/501555315/hun-sen-proposes-investment-in-rice-mills-to-indonesian-leader/

Cambodia seeks to harness R&D investment for technology-driven solutions to local challenges

The Ministry of Industry, Science, Technology & Innovation (MISTI) hosted a workshop on Friday, titled “Cambodia’s National R&D Management System,” aimed at bolstering the research ecosystem by helping researchers choose innovative research topics and transfer their results for socio-economic benefits. ...

Khmer Times Staff
https://www.khmertimeskh.com/501555486/cambodia-seeks-to-harness-rd-investment-fortechnology-driven-solutions-to-local-challenges/

Farmers encouraged to grow fragrant rice that nets high yields and prices

Farmers are being urged to cultivate the award-winning Sen Kro Ob 01 fragrant rice variety due to its potential for bigger yields and higher prices, both domestically and internationally. ...

Thang Sinorn
https://kiripost.com/stories/farmers-encouraged-to-grow-fragrant-rice-that-nets-high-yields-and-prices

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