Economy and commerce

The Council for the Development of Cambodia (CDC) has approved a cumulative 211 Japanese investment projects as of July 31 worth about $3.14 billion since its inception in 1994, according to the CDC. ...

The Ministry of Economy and Finance on September 1 is due to deploy Phase II of its online business registration platform, also known as the “Single Portal”, it said in a press release. ...

Cambodia Trade, an online marketplace for small and medium enterprises (SMEs), is scheduled to operate officially in weeks after 16 firms were approved by the Ministry of Commerce to display their products. ...

The 22nd Cambodia-Japan Joint Committee met via video conference with more than 130 members of the private sector in attendance this week. Discussions focused on minimum wage, taxes, logistics, energy supply, automobile imports, human resource development and organising workshops to better understand supply chains, according ...

The Royal Government of Cambodia (RGC) has launched the five-pillared Cambodia Science, Technology and Innovation Roadmap for 2030, in a bid to create an ecosystem of knowledge management, creativity and entrepreneurial spirit, designed to be inclusive, sustainable and conducive to the relevant economic sectors and ...

The Ministry of Commerce on Monday signed a memorandum of understanding (MoU) with Wing Bank (Cambodia) Plc on easing payments for consumers trading on the ministry’s CambodiaTrade marketplace.   ...

CP All Pcl, a Thai multi-product retailer, opens Cambodia’s first 7-Eleven retail store in Sangkat Prek Leap, Khan Chroy Changvar, Phnom Penh in line with its plans to expand its business into the ASEAN region. ...

Along with the development of modern technology, businesses in the agricultural sector have also introduced agricultural drone as a tool to assist the sector. Growing as well as reducing costs and saving time. ...

With the Covid-19 pandemic expected to leave long-term impacts on global investment patterns and consumer behaviour, the CLMVT countries are counting on closer economic cooperation within Southeast Asia to help them benefit from each other’s strengths. ...

Vietnam’s overseas investment surged 74.1 percent year on year to $575 million in the first eight months of 2021, according to the Ministry of Planning and Investment. ...

Switch Garment, together with The Energy and Resources Institute (TERI) and the Institute of Technology of Cambodia (ITC) kicked off this month a series of energy audits which will take place in garment factories across Cambodia, according to a press release issued this week. ...

Switch Garment, in collaboration with New Delhi-based The Energy and Resources Institute (Teri) and the Institute of Technology of Cambodia (ITC), kicked off a series of energy audits in Cambodian garment factories.   ...

The new Law on Investment is expected to come into force next year, 10 years after the government embarked on a plan to repeal the existing statute, which was enacted in 1994, and amended in 2003.   ...

Southeastern Phnom Penh’s colossal 125ha Koh Norea satellite city project is pressing ahead, with river filling on track to be completed by the end of this year, according to Touch Samnang, deputy director-general of developer Overseas Cambodian Investment Corp Ltd (OCIC). ...

The Cambodia-Australia Agricultural Value Chain (Cavac) programme on August 25 released a study identifying nine high-value crops with strong export potential in China, the EU, ASEAN, Australia and New Zealand.​ ...

Cambodia is due to host the 3rd Joint Working Group Meeting of the Cambodia-Eurasian Economic Union (EAEU) Commission on September 7-8, which will focus on trade and investment cooperation. ...

The Council for the Development of Cambodia (CDC) has approved final registration certificates for 12 projects with capital investment of over $79 million this month as of August 23, which could generate a reported 4,048 new jobs. ...

Bilateral trade between Cambodia and South Korea was worth $552.1 million in the first seven months of this year, growing by nearly 11 per cent on a yearly basis from $498.75 million, according to the Korea International Trade Association (Kita). ...

Digital technology will play an increasingly important role in spurring economic recovery after the COVID-19 crisis as well as promoting a new, sustainable and more resilient economy, President of the Cambodian National Assembly Heng Samrin said at the first plenum of the 42nd General Assembly ...

The Ministry of Posts and Telecommunications, Australian Agency for International Development (AusAID), and the UN Development Programme (UNDP) on August 18 launched an open joint effort to build an inclusive digital ecosystem aimed at sparking the development of a robust post-Covid-19 economy. ...

Cambodia exported 140,000 tons of fresh mangos, or 86.8 percent of its total exports of the fruit, to Vietnam in the first seven months of this year. ...

Ministry of Agriculture, Forestry, and Fisheries has called on private sector to invest in processing facilities for longan, while is also in talks to export the fruit to more international markets. ...

A programme to promote cross-border trade connectivity between India and countries in the Greater Mekong Sub region (GMS) was jointly held by trade promotion agencies of Cambodia, Vietnam, India and Thailand on August 19. ...

Cambodia expects Thailand to allow Pailin longan imports into its market as usual, after China on August 17 partially lifted a ban on Thai longan that it imposed four days earlier over contamination with mealybugs. ...