Economy and commerce

Vietnam was the largest market of Cambodia’s cashew nuts in the first eight months of 2021. ...

The Minister of Economy and Finance, Mr. Aun Pornmoniroth, said that based on the continuous decline in the incidence of serious illness and deaths due to Covid-19, Cambodia will resume a full socio-economic recovery soon as the vaccination campaign is in full swing. ...

The National Assembly of Cambodia approved the draft law on the amendment of some articles of the Labor Law during the 6th session of the 6th National Assembly on September 9 to promote labor rights and harmony in professional relations. ...

The National Assembly of Cambodia on Thursday ratified the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement (FTA), which comprises 15 Asia-Pacific countries. ...

The Royal Government of Cambodia has formed the National Digital Economic and Social Council with an aim to build a digital economic foundation in Cambodia. ...

Hun Sen, Prime Minister of the Kingdom of Cambodia and Chair of the 7th Greater Mekong Subregion (GMS) Summit urged for the deepening of solidarity so as to ensure robust socioeconomic recovery after the COVID-19 crisis. ...

The South Korean government has vowed to provide a $3.3 million grant to the Ministry of Agriculture, Forestry and Fisheries to implement a project to boost production of high-value vegetable crops and improve farmers’ livelihoods in the northeastern province of Mondulkiri, according to a senior ...

The National Assembly (NA) approved the draft Law on Investment at a plenary session on September 9, which will undeniably play a vital role in attracting local and international investors to the domestic market. ...

Prime Minister Hun Sen urged all countries in the Greater Mekong Subregion (GMS) to push for the development of digital infrastructure in order to make the economies of the region more competitive globally.   ...

Cambodia and Singapore have reaffirmed their commitment to continue strengthening cooperation on trade and investment. Commerce Minister Pan Sorasak held a videoconference with Singapore’s Trade and Industry Minister Gan Kim Yong on Tuesday. ...

The government has established the National Economic and Digital Society Council (NEDSC) to build a foundation of a digital society to drive new economic growth, according to a royal decree on the council’s organisation and functioning released on September 8. ...

Some Cambodian workers in Thailand say they have been able to resume work after a series of tough months amid a surge of Covid-19, though challenges remain even as the outbreak is subsiding. ...

Phase I of the Angkor Landmark development project about 15km northeast of Siem Reap town is scheduled to officially break ground at end-2021, according to the developer’s CEO Tous Saphoeun. ...

Sabay Osja Co Ltd became the first company to apply for a licence via the government’s online business registration platform, also known as the “Single Portal”, in its second phase, according to the Ministry of Economy and finance.   ...

The export of Cambodian fresh mangoes to international markets saw a remarkable increase of 251 percent to 163,828 tonnes during the first eight months of this year. ...

Cambodian Minister of Agriculture, Forestry and Fisheries, Veng Sakhon,  has said that  China’s General Administration of Customs had recently released its list of quarantine pests in regard to the export of Cambodian longans to China. ...

Cambodian bicycle manufacturers earned more than $400 million from exports in the year to Aug 31, according to the Commerce Ministry. Shipments were 24.5 percent higher than the first eight months of 2020. If overseas demand remains strong, 12-month exports are likely to exceed last ...

Cambodia Business Council in Thailand (CBC) and Thai Business Council in Cambodia (TBCC) entered into an official partnership to promote trade and investment between the two neighboring Southeast Asian nations. ...

DBD Engineering Plc, a local multi-purpose engineering and construction firm, went public via initial public offering (IPO) on the Cambodia Securities Exchange’s (CSX) Growth Board on September 6. ...

Cambodia exported much bigger volumes of agricultural products to Vietnam in the first eight months of this year, said the Vietnam Trade Office in Cambodia. ...

With Phnom Penh becoming the most vaccinated city in Southeast Asia, moves are by the Ministry of Tourism and other related sub committees to formulate a workable plan within Cambodia’s tourism and investment sectors  to work towards a possible reopening of borders for fully vaccinated ...

Seventeen union representatives from the Wage Negotiation Working Group have agreed to negotiate for a $22.20 increase in salaries for textile, garment and footwear workers for 2022. ...

Investing in the stock exchange can be a successful way of making money, whether as a source of additional cash to supplement income, generating “passive income” or even in achieving “financial freedom”. ...

The number of foreign tourists visiting Cambodia through the three international airports in the first seven months of 2021 was about 50,000, down more than 92 percentage compared to the same period in 2020. According to data from the Ministry of Tourism. ...