Economy and commerce

The government generated $2,909 million in revenue from tax and customs in the first half of 2024, representing 46 percent of the target set for 2024, a report from the Ministry of Economy and Finance showed on Monday. ...

China will support Cambodia in pursuing its own development path and will work to expand the market for Cambodian goods, thereby boosting exports to the Chinese market, according to Chinese ambassador to Cambodia Wang Wenbin. ...

Cambodian Senate President Hun Sen clarified that Cambodia’s four provinces will not be ceded to Vietnam and Laos in the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA). ...

Credit cards in Cambodia have grown 20 percent in 2023, showing that customers have become more savvy in using new financial instruments. ...

Commerce Minister, Cham Nimol, has highlighted the benefits of the Cambodia-Laos-Vietnam Development Triangle Area, refuting claims that the Kingdom may lose land while noting the economic benefits the deal has brought in the last 25 years. ...

Cambodia Monday celebrated the commencement of the highly anticipated Funan Techo Canal project, a massive infrastructure initiative that will play an important role in transforming the country’s economic landscape. ...

With 24 more projects getting the approval for incentives under the ‘Special Investment Promotion Programme for Preah Sihanouk Province’ initiated by Prime Minister Hun Manet in January this year, the total number of projects under the scheme rose to 85. ...

The Chinese topped Cambodia’s list of leading financiers in July, taking part in 44 new and expansion investment projects, with many in the garment sector. ...

The Council for the Development of Cambodia approved 44 projects in July that have the potential to generate 25,000 jobs, with China standing as the leading investor. ...

The Council for Development of Cambodia (CDC) has greenlighted 44 new investment projects worth $396 million in July 2024. ...

Cambodia has played a crucial role in advancing ASEAN’s external partnerships, said the Minister of Foreign Affairs and International Cooperation Sok Chenda Sophea in his ASEAN Day message on Thursday. ...

Prime Minister Hun Manet encouraged people to visit the border to allay concerns about land loss through the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA). ...

A senior official at the Ministry of Women’s Affairs has urged for human trafficking prevention by promoting women’s economic empowerment and identifying the needs and opportunities for women working in the informal economy. ...

Cambodian Prime Minister Hun Manet has stated that the Royal Government of the 7th legislature prioritizes human capital development, aiming to transform Cambodia into a high-income country by 2050. ...

The Cambodian government has mobilized about $62 million from local investors through the issuance of government bonds in the first semester of this year to support public investment projects, according to a report by the National Bank of Cambodia. ...

Cambodia’s tourism industry is making a strong comeback with the sector contributing significantly to the country’s economic growth.   ...

The Council for the Development of Cambodia (CDC), the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China and the Hong Kong Trade Development Council (HKTDC) Wednesday signed two memoranda of understanding (MoUs) to diversify the economy, develop private sector and foster ...

The Ministry of Agriculture, Forestry and Fisheries is considering the possibility of introducing climate change insurance into modern farming communities to help farmers from the risks caused by the climate change. ...

Cambodia has endorsed the Mekong cooperation with Korea and Japan which focuses on connecting societies, promoting digitalisation and providing proactive responses to the citizens in the community aimed at elevating inclusive and sustainable development in the region. ...

Kampong Thom province and Gyeongsangbuk-do province of the Republic of Korea Saturday signed a Memorandum of Understanding (MoU) to further strengthen the partnership between the two countries including trade and investment, education, tourism and agriculture. ...

A new report exploring data from the Cambodia Trademark Database has confirmed that 135,000 applications for trade mark protections were filed over the previous three decades, from January 1991 to July 2024. ...

Cambodia has called on ASEAN and its partners to implement existing Free Trade Agreements and the RCEP to enhance regional integration while tapping into developing sectors, including the digital economy, green transition and sustainable tourism. ...

Sok Chenda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation (MFAIC) and leaders of the ASEAN community discussed ways to strengthen cooperation in the fields of green transition, blue economy, climate change, energy and food security, digital transformation and supply chain ...

In a move to bolster foreign investment, the Cambodian Chamber of Commerce (CCC) has announced plans to establish additional liaisons abroad, with a particular focus on the European Union. ...