Economy and commerce

Cambodia exported $64.5 million worth of goods to South Korea in the first two months of this year, down 0.8 percent compared to the same months in the previous year. ...

The Regional Comprehensive Economic Partnership (RCEP) agreement could provide a “vital impetus” to drive the Cambodian economy to exit Least Developed Country (LDC) status by 2028, according to the commerce minister on March 14.   ...

The Council for the Development of Cambodia (CDC) has in the first two months of this year announced its approval of final registration certificates for 37 investment projects worth about $2.38 billion, an indication of significant progress in economic recovery as Covid-19 wanes.   ...

The Regional Comprehensive Economic Partnership (RCEP) agreement could provide a “vital impetus” to drive the Cambodian economy to exit Least Developed Country (LDC) status by 2028, according to the commerce minister on March 14. ...

The General Department of Taxation (GDT) collected 2.07466 trillion riel, or $512.26 million, in taxes in the first two months of 2022, surging by 22.69 per cent over the same period last year, according to its director-general Kong Vibol on March 14. ...

The Council for the Development of Cambodia (CDC) has in the first two months of this year announced its approval of final registration certificates for 37 investment projects worth about $2.38 billion, an indication of significant progress in economic recovery as Covid-19 wanes. ...

Singaporean Minister of Commerce and Industry Gan Kim Yong has reiterated the city-state’s commitment to strengthening bilateral trade cooperation with Cambodia, as he pledged full support in helping the Kingdom succeed during its chairmanship of ASEAN, according to the Cambodian commerce ministry on March 14. ...

Both countries are exchanging views on post-Covid-19 crisis recovery efforts and the progress of Asean’s response to the Covid-19 crisis; ...

Chinese COVID-19 vaccines have not only protected lives and stabilized the health system, but also helped boost economic recovery in Cambodia, officials and experts said Tuesday. ...

Officials from multiple institutions on March 14 met to finalise the draft sub-decree on the management of advertisements on products and services intended to control those that are fraudulent or misleading for consumers. ...

The Ministry of Public Works and Transport has held a series of discussions with electricity providers and sustainability organisations to support the development of policies that will encourage mass use of electric vehicles (EV) in Cambodia.   ...

Cambodia and the EU have renewed their pledge to enhance bilateral trade and investment ties in spite of the lingering economic fallout from the Covid-19 pandemic. ...

The Regional Comprehensive Economic Partnership will boost Cambodia’s export by 9.4 percent to 18 percent yearly, contributing to up to 3 percent annual economic growth. ...

Cambodia and Australia have reaffirmed their commitment to further boosting trade, investment and cooperation, especially on post-Covid recovery initiatives in all areas, according to the Ministry of Commerce on March 11. ...

Cambodia and the EU have renewed their pledge to enhance bilateral trade and investment ties in spite of the lingering economic fallout from the Covid-19 pandemic. ...

Cambodia recorded an increase in this year’s rice exports for January and February compared to the same period in the previous year. ...

The Cambodian government signed concessional loan agreements with development partners totalling $905.6 million, mainly to finance public investment projects in the priority sectors that support long-term sustainable economic growth. ...

The government has decided to postpone the implementation of the capital gains tax until 2024 in a bid to restore and prop up post-pandemic economic growth, according to a notice from the Ministry of Economy and Finance’s General Department of Taxation (GDT).   ...

Cambodia’s strategic plan on garment, footwear and travel goods development 2021-2024 will attract more investment and contribute to sustainable development in the sector, Ith Samheng, minister for labour and vocational training, told Okhna Kong Sang, president of Garment Manufacturers Association in Cambodia (GMAC) in Phnom ...

Cambodia’s exports to the United States surged 45.9 percent to $847.6 million in January this year, compared to the same month in the previous year, according to figures from the US Census Bureau. ...

Bilateral trade between Cambodia and the European Union (EU) was valued at 4.5 billion euros ($4.98 billion) in 2021, up 4.6 percent from a year earlier, said a joint press release on Thursday. ...

The Khmer Swiftlet Association (“KSA”) has been recognised by the government as an official platform to support development of the local edible bird’s nest ecosystem, and bolster exports of the woefully untapped commodity, with particular consideration to the Chinese market. ...

Minister of Interior Sar Kheng has declared that Preah Sihanouk province must not develop a reputation for being a “crime base”, insisting that its image must be restored ahead of the Commune Council Election in order to regain the trust of foreign investors. ...

Cambodia’s National Commercial Arbitration Center (NCAC) and the International Finance Corporation (IFC) are promoting mediation to resolve business disputes and build investors’ trust in commercial litigations. ...