Economy and commerce

Some 7,461 tonnes of Cambodian pepper were exported to foreign markets from January to May 2021, according to Veng Sakhon, Minister of Agriculture, Forestry, and Fisheries. ...

The value of foreign direct investment (FDI) into the Kingdom registered a slight fall in 2020 amid a much sharper contraction among non-banking sectors and uncertainty over the evolution of the Covid-19 pandemic, but inflows into the financial sector remained strong. ...

The Cambodia Chamber of Commerce (CCC) has renewed its support for the Japan External Trade Organisation (Jetro) in organising trade meetings between Cambodian and Japanese businesses to promote better trade cooperation between the two countries. ...

The global health crisis caused by the Covid-19 outbreak has dragged down investment in the Cambodian construction sector, which had shown positive signs for several years in a row. ...

The Asian Development Bank (ADB) has projected that the Cambodian economy will grow by 4 percent this year and 5.5 percent next year, led by a robust recovery of its major trade partners. ...

The Council for the Development of Cambodia (CDC) has issued investment certificates to Fu Bi Xing (Cambodia) Packaging Co., Ltd and Sheng He Leisure Bag (Cambodia) Co., Ltd for the production of travel bags and goods in the Kingdom. ...

Bilateral trade between Cambodia and China increased by 19.7 percent to $3 billion during the first four months of this year, according to the Ministry of Commerce. ...

Cambodian exports to neighbouring Thailand were valued at $402 million in the first four months of this year, a 41 percent decrease compared with the same period last year. ...

The Ministry of Industry, Science, Technology and Innovation plans to submit a Draft Law on Small and Medium Enterprises to the Ministry of Economy and Finance soon for further review and input, after a technical working group completed the document. ...

Cambodia exported 19,916 tonnes of crude palm oil in the first five months of 2021, an increase of 5,246 tonnes or 35.76 per cent compared to the same period last year, according to data from the Ministry of Agriculture, Forestry and Fisheries. ...

Cambodia exported some 4.1 million tons of agricultural products in the first five months of this year, a 1.1 million increase over the same period last year. ...

Bilateral trade  in Q1 2021 between Cambodia and Japan grew by 6.6 percent compared with the same period in 2020, rising to $632 million. ...

Cambodia is designing policy for 2021-2023 to chart a path for sustainable and inclusive economic recovery from the Covid-19 crisis, with an approach that ensures peace, security, social stability and public order on the path to the “new normal”, enhances competitiveness and promotes economic diversification ...

A new video released by the Ministry of Tourism seems to indicate that Cambodia is preparing to welcome back tourists in the 4th quarter of 2021, in a move designed to “revive Cambodia’s tourism industry hit hard by the global COVID-18 crisis” ...

Kampot pepper exports have weathered the economic storm created by COVID-19 and continue to remain a strong export product for the Kingdom, according to President of the Kampot Pepper Promotion Association (KPPA) Nguon Lay.   ...

Cambodia and Australia have reaffirmed their commitment to increase their two-way trade, advance their cooperation in the trade sector and other areas, especially their close relations ...

As Cambodia and other Asean nations are facing challenges brought on by new waves of the pandemic, hopes of foreign tourists returning to the region may not materialise, local tourism entrepreneurs have said. ...

Restructured loans at member institutions of the Cambodia Microfinance Association (CMA) totalled about $1.5 billion as of April, according to the organisation. ...

Cambodia’s exports to South Korea maintained their growth in the first four months of this year, showing a recovery in demand for the Kingdom’s products as the two countries prepare to sign a  bilateral free trade agreement (FTA). ...

Cambodia is committed to join hands with other ASEAN member states and improve its transportation system to offset the cumulative impact of Covid-19 containment measures and boost regional trade, according to the Ministry of Public Works and Transport. ...

The Kingdom’s total goods exports to the US, the world’s largest economy in nominal terms, sharply increased in the first quarter of the year to attain nearly $1.863 billion, even amid production stoppages and other Covid woes. ...

The Ministry of Agriculture, Forestry and Fisheries denied that it had allowed the exports of luxury wood from Koh Kong province to Hong Kong. The denial came after the Hong Kong Customs reportedly seized about 211 tonnes of logs from an endangered tree species from Cambodia ...

Cambodia, with support from the World Economic Forum (WEF), on May 12 launched the Supplier Database with Sustainability Dimensions (SD2) database, the first of its kind, to provide information on the sustainability operations of domestic companies. ...

Payment systems in Cambodia have seen remarkable strides in line with the evolution of financial technology (fintech) and significantly contribute to the development of the national economy, as digital transactions witness a Covid-19 boom, the National Bank of Cambodia (NBC) said in the 2020 annual ...