Economy and commerce

The General Department of Customs and Excise of Cambodia and Vietnamese Customs Administration Monday agreed to further strengthen the bilateral customs cooperation on managing and facilitating cross-border trade activities and transit goods. ...

The Cambodian government is set to launch a digital onboarding platform next week to promote the transition of small and medium enterprises (SMEs) in the informal sector to the formal economy, Hem Vanndy, Minister of Industry, Science, Technology and Innovation said on Tuesday. ...

Cambodia issued government securities worth 295.30 billion riels ($70 million) in the first three quarters of 2024 as the country reduces its reliance on foreign funds. ...

Cambodia exported goods worth approximately $23.93 billion during the first eleven months of 2024, up 16.8 percent from $20.49 billion recorded in the same period last year, a report from the General Department of Customs and Excise of Cambodia showed on Tuesday. ...

Trade volume between Cambodia and China soared to nearly $14 billion in the first eleven months of 2024, an increase of 24 percent compared to the same period last year, according to a report from the General Department of Customs and Excise of Cambodia (GDCE) ...

A delegation of major American companies has shown interest in the Kingdom’s investment potential, thanks to the favourable conditions for investing in the country. Cambodian exports to the US in the first 11 months of the year exceeded $9 billion, reflecting an 11% increase compared ...

According to a report from the Ministry of Economy and Finance, the Royal Government of Cambodia issued government securities worth KHR 295.30 billion (approximately $70 million) to local investors in the first three quarters of 2024. ...

Cambodia and Saudi Arabia Monday explored opportunities to strengthen bilateral relations, particularly in the agricultural sector. This move comes as both countries seek to enhance economic cooperation and explore new trade avenues. ...

Cambodia exported products worth $23.93 billion in the first 11 months of 2024, up 16.8 percent over the same period last year, said a report from the General Department of Customs and Excise released on Tuesday. ...

The Royal Government is working to enhance the country’s investment climate by negotiating Double Taxation Agreements (DTAs) with six countries in the region and Europe. ...

Cambodia’s containerized import and export cargo movement has increased more than five-fold over the past 12 years and is set to double again by 2030, straining the market’s logistics capacity. ...

The Governor of the National Bank of Cambodia, Dr. Chea Serey, has asked the Chinese side to continue to expand cross-border payment connections between the two countries to further support the promotion of trade, investment, and tourism. ...

Cambodia is optimistic about increasing the number of Chinese tourists and investors, particularly from Hong Kong and Macau, following fruitful discussions during the “GX Foundation Khmer Cuisine Charity Dinner”. ...

King Norodom Sihamoni has lauded the leadership of Senate President Hun Sen, National Assembly President Khuon Sudary, and Prime Minister Hun Manet for steering Cambodia towards rapid development across all sectors and regions. ...

Held on Friday in Phnom Penh, the ASEAN-Malaysian Business Chambers Summit 2024, a pivotal event that brought together representatives from Malaysian business communities across Southeast Asia, showcased the dynamic business environment within ASEAN and highlighted new investment opportunities in the region. ...

Laos and Cambodia recently signed three agreements in Phnom Penh to promote bilateral ties and cooperation. ...

In November, the Council for the Development of Cambodia (CDC) endorsed 40 new investment projects and 3 production expansion projects with a total investment capital of $940 million, generating some 39,000 job opportunities for the locals. ...

China in principle agreed to assist Cambodia in six major economic areas including developing green energy and infrastructure, modernising the technology, agriculture and health sectors, and accelerating the corridor projects. ...

While Cambodia’s private debt rate remains below the global red line, addressing informal loans and improving credit data accuracy could enhance financial transparency and stability, said Ky Sereyvath, an economic researcher at the Royal Academy of Cambodia (RAC). ...

Cambodia has earned $1.79 billion from paddy and milled rice exports in the first eleven months of this year, a report from the Cambodia Rice Federation showed yesterday. ...

The Cambodian government is striving to enhance productivity in the agricultural sector to meet domestic demand and boost exports to international markets. Towards this effort, two state institutions have signed a memorandum of understanding (MoU) to strengthen agricultural cooperation and promote exports. ...

In one year between September 2023 and September 2024, Cambodia’s Foreign Direct Investment (FDI) inflows surged to $8.1 billion, according to a report by the Ministry of Economy and Finance (MEF). ...

Angkor Archaeological Park, the most popular tourist attraction in Cambodia which is also a UNESCO World Heritage site, welcomed 898,336 foreign tourists in the first eleven months of this year, a year-on-year increase of 28.3 percent, a report showed yesterday. ...

Travel goods and leather sector is playing a vital role in the economy and among the priority sectors of the Royal Government of Cambodia, said Cham Nimul, Minister of Commerce, on Saturday. ...