Economy and commerce

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. ...

The Council for the Development of Cambodia (CDC) and the Embassy of the People’s Republic of China in Cambodia (ECC) Wednesday discussed ways to take the existing diplomatic ties between the two countries to the next level by promoting investment activities and supporting the development ...

Cambodia has issued more than 1.4 million insurance policies and the insurers have more than $1 billion in assets and $453 million in shareholder funds, said Bou Chanphirou, Director General, Insurance Regulator of Cambodia (IRC) on ‘Insurance Day’ celebrations in Sihanoukville on Saturday. ...

Vietnam will increase its electricity supply to Cambodia to 400 megawatts or more to boost the Kingdom’s economy and to help prevent blackouts or power shortages from occurring. ...

Cambodia’s bicycle exports plummeted 38 percent year-on-year in the first half of 2024 with the export value going down to $205 million, according to a report released by the Ministry of Commerce. ...

Cambodia highlighted its Development Cooperation and Partnership Strategy (DCPS 2024-2028) during a 2024 high level political forum on sustainable development under the theme “reinforcing the 2030 agenda and eradicating poverty in times of multiple crisis”. ...

Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) countries reached $16.9 billion in the first half of this year, up 14% from $14.8 billion over the same period last year, said a Ministry of Commerce’s report on Saturday. ...

Cambodia’s fisheries sector, a source of income and employment for approximately 33,000 individuals – predominantly women – faces substantial challenges in exporting its products to the EU. ...

The financial standing of Cambodian borrowers has seen improvement over the years in many cases, as per data with the Cambodian Microfinance Association (CMA). ...

In a significant step towards enhancing bilateral relations, Cambodia and Thailand have committed to deepening their cooperation across various fields, emphasising practical results and a strategic partnership that prioritises the interests of their people. ...