Economy and commerce

The Government of the People’s Republic of China and the Royal Government of Cambodia on Saturday issued a joint communique as follows: ...

An initial research by an international economic and financial research organisation shows that Cambodia’s economy has continued to recover strongly with a high growth rate that is supported by more active domestic economic activities and growth in its service sector, according to a statement released ...

China remained the biggest trading partner of Cambodia in the January to August period this year and the trade between the two countries reached $8.09 billion by the end of last month showing an increase of 1.1 percent compared to the same period in 2022. ...

The Council for the Development of Cambodia (CDC) has sought investments from potential investors from China’s Xiamen city of the Fujian province amid the Kingdom setting records in terms of Foreign Direct Investments (FDIs) during the current year. ...

The emerging superpower India stands as a high potential for the Kingdom’s Free Trade Agreement (FTA) expansion plans, a leading Cambodian academician and international development expert has opined. ...

The Cambodia Chamber of Commerce (CCC) and the US Chamber of Commerce will jointly host the Cambodia-US Business Forum in New York next Friday aimed at promoting investment and business opportunities in Cambodia. ...

The government collected 15.4 trillion riel or $3.7 billion in tax revenue in the first seven months of the year, which is equivalent to 58.7 per cent of the 2023 annual budget law, according to the Ministry of Economy and Finance. ...

Cambodia’s exports to Singapore rose by an impressive 554.8 percent in the January to August period this year compared to the same period in 2022 – from $72.83 million to $476.90 million. ...

Chinese investment in the Kingdom’s agricultural sector has boosted the national economy and created jobs for local people, said an expert from the Chinese Cambodian Evolution Researcher Association. ...

The Regional Comprehensive Economic Partnership (RCEP) will help Cambodia to achieve its goal of becoming an upper middle-income country by 2030, said Sok Siphana, Senior Minister in Charge of International and Multilateral Trade and Economic Relations. ...

Cambodia and the Republic of Korea, through the Korea International Trade Association (KITA), have been committed to further boost their cooperation in the digital sector, trade exchange, and investment. ...

Prime Minister Hun Manet will hold wide-ranging discussions with Chinese President Xi Jinping during his first official visit to China starting tomorrow, said a statement released by the Chinese Embassy in Phnom Penh on Monday. ...

The Regional Comprehensive Economic Partnership (RCEP) will play a crucial role in attracting more foreign direct investments to Cambodia and contributes to a sustainable economic growth. ...

Cambodia’s exports to Singapore rose by an impressive 554.8 percent in the January to August period this year compared to the same period in 2022 – from $72.83 million to $476.90 million. ...

Hun Sen, President of the Supreme Privy Council of His Majesty the King, has encouraged the Japanese investors to invest in Cambodia’s two key areas, including the establishment of factories for raw material processing, and advanced technology such as car assembly plants, production of electronic ...

Extreme heat and flooding could erase $65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures and factories close, research from Schroders and Cornell University showed on Wednesday. ...

A global smart energy solutions firm, Chinese-owned CHINT Group Co Ltd, is leveraging the Kingdom’s energy production capacity to support the rapid demand growth for medium-voltage power equipment in the country, as well as Thailand, Laos and Myanmar. ...

A senior official from the Koh Kong Provincial Administration has revealed that the government has plans to establish two additional special economic zones (SEZs) in Botum Sakor district. ...

Toyota assembly plant at Phnom Penh Special Economic Zone will be inaugurated in 2024. ...

In the latest meeting of the National Council on Minimum Wage (NCMW) regarding 2024 wage determination for the textile, garment, bag, footwear and travel goods sectors, both parties have reached an agreement to conclude negotiations by September 28. ...

Exports from Cambodia to the US in the first eight months of 2023 dipped 4.8 per cent to $6.1 billion, compared to the same period in 2022, according to the General Department of Customs and Excise of Cambodia (GDCE). ...

Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, on Sep 11, visited Sihanoukville Port Special Economic Zone. ...

Establishing “Industrial Development Corridor” and “Fish and Rice Corridor” with China is essential to enhance Cambodia’s capacity for independent development, contributing to boosting the kingdom’s socioeconomic development at a faster pace, experts said on Tuesday. ...

The total trade volume between Cambodia and its partners around the world reached almost $32 billion in the first eight months of 2023, down 14.5 percent compared to the same period last year. ...