Economy and commerce

Cambodia has 24 special economic zones (SEZ) operating from 2016 to the end of the first half of 2023, with capital investment of $8.1 billion, mainly in sectors such as garment, footwear and travel products, auto parts, electronics, car tyre manufacturing, automotive and bicycle assembly. ...

Prime Minister Hun Manet said last Saturday that he along with the top officials from public and private sector institutions promoted various sectors of Cambodia’s economy during 18 bilateral and multilateral meetings out of the 34 on-the-sidelines meetings during the 43rd ASEAN Summit and Related ...

Trade between Cambodia and international partners in the first eight months of 2023 amounted to nearly $32 billion, down 14.5 per cent compared to $37.4 billion in the same period in 2022, although the General Department of Customs and Excise of Cambodia (GDCE) contended that ...

Local rice miller and exporter Amru Rice (Cambodia) Co Ltd is looking forward to increasing fragrant rice exports to Australia, a market with high growth potential for aromatic rice. ...

The Council for the Development of Cambodia (CDC) and China’s ministry of commerce are expected to sign six more memoranda of understanding (MoUs) to enhance comprehensive investment cooperation that covers the promotion of investment in the digital sector, new types of industrialisation, green development and ...

Cambodia exported products worth $15.7 billion in the first eight months of 2023, a slight increase of 0.3 percent from $15.64 billion in the same period last year, said a General Department of Customs and Excise’s report released on Friday. ...

In order to take advantage of Cambodia’s potential as a gateway to ASEAN through a number of significant free trade agreements and initiatives that the leaders of the two countries are working on, the Indian ambassador to Cambodia has urged Indian investors to grasp commercial ...

Cambodia exported 401,699 tonnes of milled rice in the first eight months of 2023, earning a total revenue of $278.6 million, the Cambodia Rice Federation (CRF) said in a news release on Saturday. ...

Kampong Speu provincial governor Vei Samnang has returned from his fact-finding trip in China as part of his plans to attract foreign investment.​ While in Henan, China’s third-most populous province, Samnang took to social media to announce that the Henan Federation of Overseas Chinese Entrepreneurs – ...

International Monetary Fund (IMF) managing director Kristalina Georgieva urged ASEAN leaders to invest in international cooperation as well as growth-enhancing reforms to fully recover and continue on the pre-pandemic path to prosperity amid a global economic slowdown. ...

The Cambodia Chamber of Commerce (CCC) has signed a memorandum of understanding (MoU) with the Philippine Chamber of Commerce and Industry (PCCI), fostering collaboration in agriculture and the advancement of micro, small, and medium enterprises (MSMEs). ...

A Chinese official with the Chinese embassy in Phnom Penh has pledged to increase bilateral trade between Cambodia and China by encouraging Chinese investors to invest in all sectors in the Kingdom. ...

Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), noted the thriving state of the Cambodian economy, recalling that he had seen it first-hand during his visit to the ASEAN Summit hosted by Cambodia last in 2022. ...

The Banking Jobs and Skills Summit 2023 is set to take place from September 29-30 at the National University of Management (NUM), featuring around 20 financial institutions and offering thousands of job opportunities to students. ...

The Economist Intelligence Unit (EIU) has ranked Cambodia as the world’s sixth most attractive investment destination for market expansion by Chinese companies. ...

Kim Jin-pyo, president of the South Korean National Assembly (NA), has lauded Cambodia’s new government and NA, describing the new mandates as full of youthful energy and ready to develop the Kingdom. ...

Cambodia will start exporting an agreed annual quota of 250,000 tonnes of milled rice to Indonesia from next year after the two nations reached a rice deal earlier in August, the Ministry of Commerce said. ...

Cambodia exported $1.09 billion worth of goods to Japan in the first seven months of this year, a year-on-year increase of 4.3 percent, the Japan External Trade Organization (JETRO) report showed recently. ...

Cambodia has generated approximately $34.35 million in revenue from the American multinational technology conglomerate Meta Platforms Inc. doing business as Meta or the Facebook Value Added Tax (VAT) in 2022 and 2023, said the figures of tax revenue released Sunday by former Prime Minister Hun ...

ASEAN leaders and business community need to enhance and deepen the ASEAN Economic Integration and promote intra-ASEAN trade and investment as the world experiences geopolitical tensions and economic uncertainties, urged Prime Minister Hun Manet in his first overseas speech. ...

Loans worth $54.2 million were approved by state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) for 350 businesses under the Tourism Recovery Co-Financing Scheme (TRCS) as of August 31, 2023. ...

Indonesia plans to increase import of rice to 250,000 tonnes a year from Cambodia to preserve its food security, and in turn support the Kingdom’s food security infrastructure by supplying fertiliser and providing training to agriculture workers. ...

The effects of the ongoing global political and economic crisis has likely affected bilateral trade between Cambodia and Canada, as reflected by a 24.7 per cent year-on-year fall in trade value at $535 million in the first seven months of 2023, versus $711.1 million last ...

ASEAN economic ministers have initiated talks on the Digital Economy Framework Agreement (DEFA), a significant regionwide accord set to shape the world’s foremost tech-driven financial systems partnership. The launch occurred during the ASEAN Economic Community Council (AECC) gathering, held in the Indonesian capital Jakarta on September ...