Economy and commerce

Cambodia has issued more than 1.4 million insurance policies and the insurers have more than $1 billion in assets and $453 million in shareholder funds, said Bou Chanphirou, Director General, Insurance Regulator of Cambodia (IRC) on ‘Insurance Day’ celebrations in Sihanoukville on Saturday. ...

Vietnam will increase its electricity supply to Cambodia to 400 megawatts or more to boost the Kingdom’s economy and to help prevent blackouts or power shortages from occurring. ...

Cambodia’s bicycle exports plummeted 38 percent year-on-year in the first half of 2024 with the export value going down to $205 million, according to a report released by the Ministry of Commerce. ...

Cambodia highlighted its Development Cooperation and Partnership Strategy (DCPS 2024-2028) during a 2024 high level political forum on sustainable development under the theme “reinforcing the 2030 agenda and eradicating poverty in times of multiple crisis”. ...

Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) countries reached $16.9 billion in the first half of this year, up 14% from $14.8 billion over the same period last year, said a Ministry of Commerce’s report on Saturday. ...

Cambodia’s fisheries sector, a source of income and employment for approximately 33,000 individuals – predominantly women – faces substantial challenges in exporting its products to the EU. ...

The financial standing of Cambodian borrowers has seen improvement over the years in many cases, as per data with the Cambodian Microfinance Association (CMA). ...

In a significant step towards enhancing bilateral relations, Cambodia and Thailand have committed to deepening their cooperation across various fields, emphasising practical results and a strategic partnership that prioritises the interests of their people. ...

Cambodia and China have witnessed a substantial increase in bilateral trade during the first half of 2024, according to an official report released on Wednesday by the General Department of Customs and Excise.​ ...

Vietnam’s President and the Cambodian Government have reaffirmed their commitment to strengthening bilateral relations and cooperation, driven by a shared cultural heritage and principles of good neighbourliness. Both sides aim to expand and deepen their partnership for the betterment of their peoples and nations. ...

Cambodia’s exports of garments, footwear and travel goods (GFT) increased by 16.89 percent in the first half of this year, compared to the same period last year, earning the country $6.15 billion, according to the trade data released by the General Department of Customs and ...

Cambodia exported more than 545,000 tonnes of raw cashew nut in the first semester of 2024, an increase of 50 percent compared to the same period in 2023, said a report of the Ministry of Agriculture, Forestry and Fisheries (MAFF) on Wednesday. ...

The Vietnamese President will make an official visit to Cambodia this week – his second overseas trip since being elected in June – with analysts predicting cyber crimes, the Funan Techo Canal and the border will be on the table. ...

The International Monetary Fund (IMF) has provided investigation training for officers of the General Department of Customs and Excise (GDCE) of the Ministry of Economy and Finance. ...

The Japanese government has agreed to provide eight billion yen (about $50 million) in financing the Phnom Penh City Electricity Transmission and Distribution System Expansion Project. ...

Cambodia exported 338,654 tonnes of milled rice in the first six months of 2024, a year-on-year increase of 2.7 percent, the Cambodia Rice Federation (CRF) said on Tuesday. ...

The Cambodian economy is demonstrating signs of a recovery in terms of gross domestic product (GDP) growth in 2024 and the following periods, according to new statistics released by the Ministry of Economy and Finance’s (MEF) General Department of Policy which have predicted the country’s ...

Cambodia exported 338,654 tonnes of milled rice in the first six months of 2024, a year-on-year increase of 2.7 percent, the Cambodia Rice Federation (CRF) said on Tuesday. ...

The Cambodian economy is demonstrating signs of a recovery in terms of gross domestic product (GDP) growth in 2024 and the following periods, according to new statistics released by the Ministry of Economy and Finance’s (MEF) General Department of Policy which have predicted the country’s ...

Heng Sour, Minister of Labour and Vocational Training, signed a Memorandum of Understanding with Fukuhara Koji, President of the Japanese Business Association of Cambodia (JBAC), on July 9 to promote internship cooperation in order to support technical and vocational skills training. ...

Cambodian and Japanese bilateral relationship and cooperation have further strengthened, following a visit by Japanese Foreign Affairs Minister Yoko Kamikawa on July 6. ...

Dr. Hun Manet, Prime Minister of Cambodia, presided over the opening ceremony of the three-day France-Cambodia Business Forum, held at the Sofitel Phokeethra Phnom Penh this morning. ...

Cambodia has knocked off Ivory Coast to become Vietnam’s biggest supplier of raw cashew nuts. Earlier it was the African nation that held the position. The General Department of Customs of Vietnam made the announcement on Saturday.   ...

Dr. Hun Manet, Prime Minister of Cambodia, presided over the opening ceremony of the three-day France-Cambodia Business Forum, held at the Sofitel Phokeethra Phnom Penh this morning. ...