Economy and commerce

Cambodia exports to China increased by 39 percent to $1,510 million last year, a positive move to the Kingdom’s trade as Cambodia and China put into effect their newly-endorsed bilateral free trade agreement. ...

Cambodia’s economy is expected to grow over 5 percent in 2022 after the southeast Asian nation has fully reopened since November, buoyed by its high vaccination rates, Prime Minister Hun Sen said here on Sunday. ...

Cambodia-Vietnam trade volume touched $9.3 billion last year—a rise of 75 per cent compared to 2020 figures—despite the impact of the pandemic. ...

The Regional Comprehensive Economic Partnership (RCEP) free trade agreement, which took effect on Jan. 1, has affirmed the resurgence of multilateralism, Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn said. ...

Cambodia’s economy in 2022 is projected to grow at around 5.6 percent and gradually reach potential growth in the medium term, supported by global demand and a gradual recovery in investment confidence. ...

Cambodia’s two state-owned ports, Sihanoukville Autonomous Port (PAS) and Phnom Penh Autonomous Port (PPAP), had seen double-digit growth in revenue in 2021 despite the COVID-19 pandemic, the Ministry of Public Works and Transport said in a report on Thursday. ...

Bilateral trade between Cambodia and the UK reached more than $785 million in 2021, down by more than 10.48 per cent year-on-year, according to the Ministry of Commerce. ...

Cambodia exported 366,300 tonnes of rubber latex in 2021, an increase of 8 percent compared to the same period in 2020. ...

Bilateral trade between Cambodia and the UK reached more than $785 million in 2021, down by more than 10.48 per cent year-on-year, according to the Ministry of Commerce. ...

South Korea’s Samsung C&T Corp has expressed interest in investing an undisclosed sum in Cambodian transport infrastructure, to enhance the economic growth of the ASEAN country.   ...

Council for the Development of Cambodia (CDC) this week approved two new investment projects with a total capital of $303 million in Rattanakiri and Preah Sihanouk provinces. ...

The bilateral trade between Cambodia and Thailand was valued at $7.97 billion last year, a 10.26 percent increase compared to a year before. Figures from Thailand’s Commerce Ministry showed that Cambodia exported $894 million worth of goods to Thailand, a year-on-year decrease of 22.10 percent. ...

The process to open market access for exporting Cambodian “pra” varieties of shark catfishes to China has begun in earnest, after officials from the two countries kicked off formal phytosanitary talks, far earlier than expected. ...

Retail fuel prices are ticking back up following a sorely needed moderation witnessed in November-December, as filling station owners report sharp declines in sales.   ...

The government will start implementing the e-commerce value-added tax (VAT) from April 1, as the General Department of Taxation (GDT) updates a variety of technology systems for taxpayers.   ...

Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by the International Monetary Fund (IMF) stated.   ...

The Council for the Development of Cambodia has approved a massive investment project worth $1.3 billion to develop a logistics and multi-purpose port in Kampot, one of southern Cambodia’s coastal provinces. ...

The Kingdom exported nearly 265,230 tonnes of fresh mangoes and mango products in 2021, up by 146.3 per cent year-on-year, of which the Vietnamese market absorbed just under 199,636.7 tonnes, according to Ministry of Agriculture, Forestry and Fisheries data. ...

The Kep-Koh Tonsay Tourism Port, a pier on mainland Kep town replacing an old one, was inaugurated on January 19, and is expected to greatly benefit the provincial economy, and go a long way to support the local tourism, agriculture and fisheries sectors. ...

he Cambodia Chamber of Commerce (CCC) and Japan External Trade Organisation (Jetro) in Cambodia have agreed in-principle to examine the possibility of signing a memorandum of understanding (MoU) in the near future, to strengthen and deepen cooperation on investment and trade between the two nations. ...

Cambodia, along with China and South Korea, has among the 10 most mature retail central bank digital currencies (CBDC). ...

Cambodia exported 423,168.97 tonnes of fresh bananas last year, up by 27.02 per cent over 2020, valued at $4,323,719,300, according to preliminary data from the Ministry of Agriculture, Forestry and Fisheries’ General Directorate of Agriculture (GDA). ...

Even as more investments from Chinese companies pour into Cambodia and cooperation in the field of agriculture increases, Cambodian agricultural products are expected to be promoted in more international markets, especially the Chinese market. ...

The Council for the Development of Cambodia (CDC) on January 17 announced that it had approved final registration certificates for 10 investment projects across various sectors worth a staggering total of nearly $1.90 billion and expected to create 7,014 jobs.   ...