Economy and commerce

The Minister of Labor and Vocational Training said that even in the context of Covid-19 pandemic, Cambodia received and approved 195 new investment projects and 43 production expansion requests that could create more than 150,000 jobs. ...

The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) plans to waive collateral requirements for new loans to qualifying local small- and medium-sized enterprises (SME) soon, to reduce the barriers and obstacles that limit their access to the necessary cash to fund ...

Cambodia and Vietnam have negotiated an agreement on agriculture to strengthen import-export controls and prevent the illegal cross-border timber and wildlife trade, among other issues, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. ...

Ms. Chea Serey, Director General of the National Bank of Cambodia, has highlighted  the importance of small and medium enterprises (SMEs) that have contributed significantly to supporting the national economic growth and helping the livelihood of people living in rural areas. ...

Vietnam needs to improve the scale and quality of investment in Cambodia, promoting a new wave of investment, President Nguyen Xuan Phuc stated while meeting Vietnamese Cambodian enterprises on December 22 during his State visit to Cambodia. ...

Tourists and Chinese investors are gradually making their way back to Preah Sihanouk province, as the Covid-19 situation in the Kingdom eases and socio-economic activities pick up pace following early November’s full reopening announcement, according to a spokesman for the coastal province. ...

Cambodia and Thailand have pledged to deepen bilateral relation across all sectors with a special focus on reviving the two economies in the wake of pandemic-induced fiscal challenges.   ...

Cambodia’s global non-gold goods trade topped $29 billion in the first three quarters of 2021, increasing by around a quarter year-on-year, the Ministry of Economy and Finance reported. ...

Bilateral trade between Cambodia and South Korea reached $869.735 million in the first 11 months of 2021, an 8.805 per cent surge from $799.354 million in the same period last year, according to data from the Korea International Trade Association (Kita) posted at the weekend. ...

Cambodia and China have decided to set up an investment and economic cooperation working group to promote the Belt and Road Initiative (BRI), as well as strengthen investment and prop up bilateral economic and trade ties. ...

The National Bank of Cambodia (NBC) said that at the end of the third quarter of 2021, banking and financial institutions provided loans totaling 185.1 trillion riels or about $44.9 billion to agriculture, construction, manufacturing, services, wholesale and retail trade and household units. This accounted ...

Vietnamese Foreign Minister Bui Thanh Son and Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Prak Sokhonn co-chaired the 19th meeting of the Vietnam-Cambodia Joint Committee on economic, science and technology cooperation via videoconference on December 19. ...

Cambodia and China have established a working group on investment and economic cooperation, tasked mainly to promote bilateral economic and trade relations, strengthen investment and economic cooperation. ...

The General Department of Customs and Excise of Cambodia has collected $2.065 billion for the national budget in the first 11 months of this year. This was confirmed by Kun Nhim, Minister Delegate to the Prime Minister and Director General of Customs and Excise of ...

The garment sector in Cambodia has shown good performance in terms of production, exports and growth in orders, while the import of fabrics for garment production increased by more than 25%. ...

The General Department of Taxation (GDT) collected 385.3478 billion riel, or more than $93 million, in vehicle tax revenue for the taxable period in June-November – from 791,168 units – or 174.2 percent of the 2021 plan (just over 221 billion riel), according to GDT ...

The Ministry of Commerce and ABA Bank on Wednesday signed a memorandum of understanding (MoU) on digital payments and a knowledge-sharing partnership. ...

The Ministry of Economy and Finance on December 8 rolled out “Startup Cambodia”, an online platform managed by the Techo Startup Center (TSC) and Khmer Enterprise (KE) that sets out to create a supportive business environment for start-ups and develop the entrepreneurial ecosystem in the ...

The central bank’s decision to stop issuing new business licences to microfinance deposit-taking institutions (MDI) and encourage mergers among existing banking and financial institutions is a viable strategy that will help strengthen the Cambodian financial sector and is in line with current economic growth trends, ...

Cambodia exported 4,294.05 tonnes of tobacco in the first 11 months of 2021, dipping by 24.42 per cent year-on-year, of which 98.108 per cent was exported to Vietnam, according to Ministry of Agriculture, Forestry and Fisheries data. ...

Cambodia has asked the World Trade Organisation (WTO) to support a comprehensive study of its exit strategy from the group of the least developed countries (LDC), the Ministry of Commerce reported on December 6. ...

China will import “pra” fish from Cambodia in the near future, once technical experts study and assess sanitary and other associated risks in virtual inspections and give the all-clear, Chinese ambassador to Cambodia Wang Wentian affirmed on December 6.​ ...

Standing as one of the largest economies in Asia, Japan is quickly becoming a prime market for Cambodian goods. Even with both economies embroiled in the Covid-19 crisis, bilateral trade managed to reach $1.96424 billion in the first 10 months of 2020, climbing by 12.2 ...

The Ministry of Industry, Science, Technology and Innovation is teaming up with South Korea to find a suitable location in Cambodia to set up a food testing centre over the next five years, and make inspections of domestic and export products for quality, safety and ...