Economy and commerce

The Cambodia Chamber of Commerce (CCC) on July 8 advised owners of local small- and medium-sized enterprises (SME) to understand and follow the legal procedures for export to streamline the process and reduce compliance issues. ...

The General Department of Customs and Excise earned $1,293 million in customs income in the first half of this year, representing 50.1 percent of the financial plan for 2022. ...

The number of international tourists to Cambodia soared by 394 percent to 506,762 in the first six months of this year. ...

Minister of Agriculture, Forestry and Fisheries Veng Sakhon said that Ministry has identified 131 communities that could potentially be turned into ecotourism communities. ...

The Ministry of Economy and Finance and the National Bank of Cambodia (NBC) have reached a memorandum of understanding on electronic Know Your Customer (e-KYC) cooperation, aiming to enhance digital verification of customer documents in Cambodia. ...

Cambodia’s market value of e-commerce had increased to $970 million in last year, up 19 percent from 813 million dollars in 2020, according to the Ministry of Commerce’s iTrade Bulletin released recently. ...

The market value of e-commerce in Cambodia surged 19 percent to $970 million in 2021 compared to a year earlier, according to the iTrade Bulletin of the Ministry of Commerce. ...

Chinese State Councillor and Foreign Minister Wang Yi and Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn met on Sunday, and both sides pledged to further enhance relations and cooperation in building the Belt and Road and other fields. ...

Cambodia is now weathering an oil price shock, just as the economy had started to recover amid a rollback of COVID-19-related restrictions. ...

In its Consumer Payment Attitudes 2021 study, Visa highlights a rapidly changing payment landscape in Cambodia, with cash losing ground to digital alternatives, said Visa in a news release issued on June 29. ...

Crypto exchange Binance has signed a memorandum of understanding with the Securities and Exchange Regulator of Cambodia (SERC), according to a June 30 announcement. ...

The World Bank says Cambodia has one of the fastest increases in financial inclusion among developing economies in East Asia and the Pacific. ...

A $3.5 million garment factory will be built in Bosstaney Village, Kaheng Commune, Samrong Thong District, Kampong Speu, creating some 700 jobs for local people. ...

In the first quarter of 2022, the number of projects approved by the Council for the Development of Cambodia reached 47, an increase of 6.8 percent and the total investment touched $2,520.6 million, an increase of 14.2 percent over the same period in 2021, according ...

Kingdom has become a popular destination for China’s processing trade businesses after Vietnam ...

Cambodia is taking further steps to optimise the implementation of Economic Diplomacy Strategy (EDS) 2021-2023 to boost economic cooperation between the six Mekong countries, garner more inbound investment flows and promote local products abroad, a workshop heard on June 27. ...

Cambodia’s peppercorn output this year could rise by around one-tenth over 2021, industry insiders have reported, as the harvest season reaches more than 90 per cent completion.   ...

The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has approved 1,679 construction projects nationwide on 2.2 million square metres at about $952 million in the first five months of this year. ...

Trade between Cambodia and China have increased by 38 percent compared to the same period last year. This trade increase took place against the backdrop of a compounded global crises. ...

Cambodia’s rising e-commerce sector requires clear definition of laws and regulations by regulators addressing concerns of market uncertainties while maintaining regional uniformity, according to stakeholders who discussed e-commerce tax and licensing requirements at a panel discussion hosted by DFDL, a legal, tax and investment enterprise ...

The Cambodian industry is expected to grow by 9.2 per cent in 2023 with support from improved external demand that help boost garment and non-garment manufacturing, while the garment sector is expected to grow by 8.1 per cent in that year due to demand in ...

The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade will host a consultation workshop in the southern province of Tay Ninh on June 21 for exporters interested in the markets of Laos and Thailand. ...

Cambodia’s economy is expected to grow at around five percent this year as against three percent last year, but the inflationary pressures being witnessed across the world can cut into the purchasing power of the country’s households as well, said the Financial Stability Report 2021, ...

As the global economy continues to reel from the compounded crises of Covid-19 and Ukraine-Russia, Cambodia has not been able to go through them unaffected. The Covid-19 crisis has pushed Cambodia’s economy to negative growth for the first time in 2020 due to a sharp ...