Economy and commerce

Cambodia’s trade turnover with global partners topped $19.2 billion in the first five months this year, a 14 per cent year on year (YoY) decline, government statistics show. ...

Chinese-invested banana farm in Stung Trang district of Kampong Cham province plans to expand its plantation to meet rising overseas market demand. ...

Local public-listed river-port operator Phnom Penh Autonomous Port (PPAP) reported a sharp decline in business performance in the first five months of the year due to regional and global economic uncertainty brought on by the protracted Ukraine conflict and its effects on demand and inflation. ...

The cashew nut sector in Cambodia needs at least $300 million per year in working capital, according to a senior official from the industry. ...

The total trade volume between Cambodia and its partners around the world reached more than $19 billion in the first five months of 2023, down 14 percent compared to the same period last year. ...

The Kingdom exported “footwear, gaiters and the like; parts of such articles” to the tune of $558.542 million in the first five months of 2023, down 20.44 per cent year-on-year from $702.060 million and down 23.11 per cent half-on-half (compared to July-November 2022) from $726.4 ...

A draft law on rules of origin was unanimously approved by the National Assembly (NA) during the June 12 session, with 96 supporting votes. ...

The lean patch of Cambodia’s biggest export-earning segment of garments, footwear and travel (GFT) goods continued into the fifth month of the year as the January to May exports recorded a decline of 23.06 percent, compared to the same period in 2022. ...

The Cambodian Senate has approved a draft Environment and Natural Resources Code and a draft law authorising ratification of the ASEAN Trade in Services Agreement. ...

Cambodia’s economic policies are relatively liberal for the region, and its investment and trade regimes remain attractive. However, being a small and open economy, Cambodia is susceptible to external changes and shocks. Global trade growth slowed in the second half of 2022 and further deceleration ...

Minister of Commerce Pan Sorasak urged all relevant parties to work together on the possibility of establishing a free trade agreement between Cambodia and Japan following a remarkable surge in exports of Cambodian products to Japan this year. ...

While meeting with nearly 20,000 garment workers from 12 factories in Tram Kak district, Takeo province on June 11, Hun Sen said that Cambodia’s economy grew exponentially in the two decades that preceded the Covid-19 pandemic. ...

Cambodia’s exports in the first five months of 2023 were worth $9.18 billion, down 2.4 percent from $9.41 billion for the same period last year, according to a General Department of Customs and Excise report. ...

Australia’s clothing imports from Cambodia have bucked the general trend of a decrease, with imports in the first quarter of 2023 increasing to $42.575 million compared with the same period last year. ...

Thai tourists visiting Cambodia can now pay for goods easier after a bilateral agreement between the two countries was reached for cross-border QR payments. ...

Lou Kim Chhun, government delegate in charge as chairman and CEO of Sihanoukville Autonomous Port, said he was determined to push the development of a new container terminal and deep-water port in Sihanoukville. ...

Cambodia and Japan have agreed to examine the possibility of establishing cooperation in the realm of the protection of consumer rights. ...

Cambodian Prime Minister Hun Sen said on Thursday that the Cambodia-China Free Trade Agreement (CCFTA), which took effect on Jan. 1, 2022, has given a boost to the kingdom’s exports to China. ...

China and Hong Kong have emerged as the top export markets for Cambodian milled rice, covering 42.43 percent of total exports worth $77.42 million. The 25 European countries accounted for 37.93 percent of exports worth $71.99 million, according to Cambodia Rice Federation (CRF). ...

Cambodia is looking for partners for the development of a planned airport in Mondulkiri province south of Sen Monorom town after PowerChina International Group Ltd (PIG) withdrew during the Covid-19 crisis and subsequent negotiations with other foreign companies fell through, according to a senior civil ...

Cambodia on Wednesday broke ground on the second Chinese-invested expressway connecting the capital Phnom Penh with Bavet City of Svay Rieng province on the border with Vietnam. ...

Cambodia exported 118,041 tons of milled rice to China in the first five months of 2023, earning $ 77.4 million in revenue, said the Cambodia Rice Federation (CRF)’s press release on Thursday. ...

Prime Minister Hun Sen said yesterday that the manufacturing sector is creating more jobs for Cambodians, which is helping to improve their livelihoods as the government has been taking several steps to attract more foreign investment to the country. ...

 The Vietnamese Embassy in Cambodia in coordination with the Ministry of Industry and Trade (MoIT)’s Asia–Africa Market Department held a trade forum in Phnom Penh on June 7, which brought together more than 100 businesses of the two countries. ...