Economy and commerce

Cambodia has urged Japan to collaborate in initiatives aimed at enticing investors and broadly promoting Cambodia’s appealing investment environment and incentives to Japanese stakeholders. ...

In the first eight months of 2023, the government reported revenue of almost $4.2 billion, representing nearly 66% of the target set for 2023 by the annual budget law. This performance marks a decline of over 2% compared to the same period last year, as ...

Woori Bank, one of South Korea’s leading commercial banks, is set to inject an additional $100 million into its Cambodian operations next year. This “strategic” move is in response to a notable increase in loan demand, aimed at stimulating business activities that slowed during the ...

There is no confirmation that the EU would fully reinstate its preferential scheme, Everything But Arms (EBA), for Cambodia, said newly-appointed EU ambassador to Cambodia Igor Driesmans, while identifying four priorities in his mandate. ...

The Ho Chi Minh City-based Saigon Newport Corporation held a workshop to seek measures to strengthen connectivity and develop Vietnam – Cambodia logistic service route on October 28 in Phnom Penh, Cambodia. ...

Microfinance as a sector has been key in helping bring about economic and social development in Cambodia stressed Sok Voeun, chairman of Cambodia Microfinance Association last Friday. ...

The Ministry of Commerce is committed to improving bilateral trade and investment cooperation with Thailand by attracting new investment to Cambodia and also by increasing the trade between the two countries. ...

Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, requested that Japan positively disseminate Cambodia’s investment potential and other incentives to Japanese investors. ...

The Cambodian government has approved the draft budget of 38,829 billion riels ($9.4 billion) for government spending in 2024, a decrease from $9.64 billion in 2023, reported Xinhua. ...

Cambodia’s GDP per capita is forecast to hit $2,071 in 2024, up from some $1,917 in 2023, said a report from the Ministry of Economy and Finance on Saturday. ...

Cambodian deputy prime minister Sun Chanthol recently announced a comprehensive $50-billion master plan for the country’s transport and logistics sectors comprising 174 projects. ...

An EU-ASEAN Business Council delegation landed in Cambodia to look into long-term investments in the country. In the first installment of two, Kiripost sits down with executive director, Chris Murphy, to see what progress was made. ...

The US embassy in Phnom Penh has said that Washington is seeking a trading relationship with Cambodia that is mutually beneficial, transparent, balanced, and in adherence to the highest standards, including labor rights. ...

The European Union plans to launch two initiatives aimed at promoting the green transition and fostering sustainable trade in Cambodia, according to new EU Ambassador to Cambodia, Igor Driesmans. ...

Trade between Cambodia and Canada for the first nine months of 2023 reached approximately $700 million, marking a decrease of over 22% from the corresponding period last year, according to the latest figures from the General Department of Customs and Excise’s (GDCE) International Commodity Trade ...

Cambodia’s exports to the Regional Comprehensive Economic Partnership (RCEP) countries continued to increase, indicating the emergence of a growing market for the country’s products. ...

The Vietnam-Cambodia Defence Economic Production Exhibition 2023 (VIDEX 2023) opened at the KohPich Exhibition and Convention Centre Phnom Penh, Cambodia on October 25. ...

A total of 870 companies exhibited 2,590 products at the event. As an important platform for the export of agricultural products, the fair improves awareness of Shanxi fruit, increases the province’s influence, and brings opportunities overseas, organizers said. ...

Securities and Exchange Regulator of Cambodia (SERC) and Cambodia Securities Exchange (CSX) signed an agreement yesterday introducing the API (Application programming interface) linkage for registering investor ID online and opening trading accounts online. ...

The Chinese government has given the green light to attract investors to Preah Sihanouk province, prompting hopes that fresh life will be breathed into many of Sihanoukville’s abandoned buildings. ...

Sok Chenda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, on October 25, received a courtesy call from Ping M. Kitnikone on the occasion of her appointment as the new Ambassador Extraordinary and Plenipotentiary of Canada to the Kingdom of Cambodia ...

The Regional Comprehensive Economic Partnership (RCEP) is offering the Kingdom an ideal platform for economic structural transformation, a study carried out by a leading economic research institute has found. ...

 Year 2023 witnessed the spectacular emergence of Cambodia’s Sihanoukville Special Economic Zone (SSEZ) as a force to reckon with, as its enterprises hit 7.13 percent of the Kingdom’s total trade turnover, up from a mere 0.88 percent in 2013. In just nine months of the ...

Cambodia’s Prime Minister Hun Manet expressed his hope that Cambodia-Japan cooperation will increase in all fields, especially in tourism, investment and people-to-people exchange. ...