Economy and commerce

Preah Sihanouk authorities are calling for regional cooperation to combat online fraud, citing the complexity of these crimes and the need for stronger law enforcement efforts. This comes ahead of an investment summit aimed at attracting investors and addressing the unfinished buildings in the province. ...

Cambodian Minister of Commerce Cham Nimul said on Friday that the country’s trade with Regional Comprehensive Economic Partnership (RCEP) countries hit $31.36 billion during the January-November period of 2024. ...

Minister for Labour and Vocational Training Heng Sour Thursday told a visiting South Korean business delegation that Korea should set up a Special Economic Zone in Cambodia to take advantage of the Kingdom’s strong pro-investment policies. ...

In an ongoing bid to nurture Cambodian small to medium sized enterprises (SMEs) transitioning into larger organizations, the Entrepreneur Investment Support (EIS) platform, a pilot program under the Enhancing Entrepreneurial Ecosystem and Investments (3Ei) initiative co-financed by the Swiss Agency for Development and Cooperation (SDC), ...

Cambodia’s exports of garments, footwear and travel goods (GFT) surged by 25.23 percent in the first eleven months of this year, compared to the same period last year, earning the country $12.51 billion, the latest trade data of the General Department of Customs and Excise ...

Hem Vanndy, Minister of Industry, Science, Technology & Innovation, met here on Dec. 11 with a delegation from the Chinese Investment in Cambodia Association and 86Links Co., Ltd. ...

The Ministry of Economy and Finance has announced the soft launch of the “Cambodia E-Invoicing System”. ...

Australian think-tank, Asialink Business, recently released the ‘Doing Business Guide 2024: Cambodia’ in a bid to improve business cooperation between the two countries. According to the report, Cambodia currently offers targeted opportunities for expanding Australian businesses, thanks to its rapidly growing economy, strong regional connections across ...

Senate President Hun Sen Tuesday urged Prime Minister of the State of Qatar Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani to encourage Qatari investors to invest in Cambodia and promote trade between the two countries. . ...

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. ...