Economy and commerce

Two new investment projects worth a combined $5.5 million have been approved by the Council for the Development of Cambodia (CDC). ...

The government has set up a working group to develop land management and policy in Sihanoukville as part of a plan to turn the province into a multi-purpose special economic zone (SEZ). ...

Trade between Cambodia and Japan reached $1.10977 billion in the first half of 2021, up 9.57 per cent year-on-year from $1.01281 billion, according to data from the Japan External Trade Organisation (Jetro). ...

The world’s most prestigious brands will be entering the market over the next 12 months as Blue Bell Group announced yesterday that it has secured a landmark deal to manage one of the country’s most-anticipated retail projects. ...

The Australian Embassy in Cambodia claimed that it is supporting the development of fragrant rice varieties. The project is aimed at promoting then quality and market of Cambodian rice exports. ...

Cambodia and Malaysia on August 11 officially launched cross-border payments through the National Bank of Cambodia’s (NBC) Bakong system with Maybank, enabling faster and more convenient real-time money transfer between the two countries. ...

Cambodia’s exports to the US rose 37.26 percent measured Jan-July. Shipments adding up to more than $3.8 billion were made up mainly of clothing, footwear and travel products. ...

The Kingdom imported 584 tonnes of steel from Vietnam in the first five months of 2021, down 1.5 per cent year-on-year, Vietnamese media outlet VN Express reported. ...

The locally-listed Phnom Penh Autonomous Port (PPAP) on August 9 posted a recovery in business performance over the first seven months of this year as the Kingdom leverages its relatively brisk coronavirus vaccine rollout to ease out of the Covid stranglehold. ...

The National Assembly committee has passed the draft bill of the new investment law. With that come hopes for it to contribute to and enhance the Kingdom’s investment environment to benefit the nation. ...

The Cambodian Farmer Community (CCFC) has asked the government to intervene and solve the high price of agriculture products for poor farmers and lower  the tax on agriculture imports and  find a way to help farmers produce fertilizers and pesticides locally rather than using all ...

The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) reached $1.185 billion in the first seven months of 2021, an increase of 44.51 per cent year-on-year, the operator reported. ...

Border trade infrastructure between Gia Lai province and Cambodia’s localities sharing the same border line will be developed to promote goods trading and exchange activities under a programme to develop Vietnam’s border trade infrastructure to 2025, with a vision to 2030. ...

Three associations have entered into a partnership to boost financial inclusion and raise awareness about tools, products and services among women entrepreneurs. ...

The Kingdom exported 866,207.77 tonnes of cashew nuts in the first seven months of 2021, a 345.29 per cent year-on-year surge, with Vietnam as the main buyer, the Ministry of Agriculture, Forestry and Fisheries reported. ...

Investors have submitted 27 complaints regarding trade disputes to the National Commercial Arbitration Centre (NCAC), according to Ministry of Commerce secretary of state Cham Nimul. ...

Bilateral trade between Cambodia and the US remained resilient in the first half of 2021, clocking in at $3.8402 billion, or a 32.8 per cent surge from the $2.8917 billion booked in the same period last year, despite the profound implications of the Covid-19 pandemic ...

The Securities and Exchange Regulator of Cambodia (SERC) is joining forces with international multilateral development banks to scale up sustainable finance in the Kingdom’s securities market, and to coordinate training and capacity building initiatives, according to SERC director-general Sou Socheat. ...

Japan and other Mekong countries have expressed support for Cambodia’s initiative to establish a joint working group on the Mekong-Japan Economic Recovery Scenarios, according to a press statement issued by the Ministry of Foreign Affairs and International Cooperation following their latest meeting on August 6.​ ...

Bilateral trade between Cambodia and the US remained resilient in the first half of 2021, clocking in at $3.8402 billion, or a 32.8 per cent surge from the $2.8917 billion booked in the same period last year, despite the profound implications of the Covid-19 pandemic ...

Cambodia exported more than 22,580.68 tonnes of peppercorn – both geographical indication- (GI) branded Kampot pepper and non-GI cultivars – in the first seven months of 2021, up 558.19 per cent year-on-year, with Vietnam as the top buyer, according to the Ministry of Agriculture, Forestry ...

Three major draft laws on trade are expected to take effect before the end of 2021, after receiving full support from National Assembly (NA) leaders and specialised committees, as well as the Senate, according to a Ministry of Commerce spokesman. ...

The Royal Phnom Penh Hospital has been given the rights by the government to import and control the Pfizer-BioNTech and Moderna Covid-19 vaccines from the United States. ...

Growers and suppliers of cashew nuts and geographical indication- (GI) certified Kampot pepper will soon have a chance to sell their products to Chinese consumers through the e-commerce platform Alibaba.com, according to the Ministry of Economy and Finance’s Entrepreneurship Development Fund (EDF) on August 3. ...