Economy and commerce

The National Assembly (NA) on Tuesday approved the law on the approval of the Association of Southeast Asian Nations Service Trade (ASEAN Service Trade) Agreement in the ninth session of its sixth legislature to strengthen Cambodia’s economic connectivity in the region, said a release by ...

A meeting between the German Embassy in Cambodia and stakeholders in the microfinance sector has outlined proposals including improving communication with clients, compliance set-ups and grievance redress mechanisms. ...

Svay Rieng provincial governor Men Vibol on May 27 extended an open invitation to potential investors from Quzhou city, Zhejiang province, China to participate in the growth story of Tai Seng Bavet Special Economic Zone, located in the southeastern town of Bavet on the border ...

The Council for the Development of Cambodia (CDC) has given green light to three new investment projects with a total capital of $15.4 million. ...

The Cambodian National Assembly on May 30 ratified the ASEAN Trade in Services Agreement (ATISA) to boost trade and investment in the area of services. ...

Japan remains a key partner in Cambodia’s journey towards becoming a fully-digitalised economy, according to a prominent banker in the country. ...

During a meeting with nearly 20,000 workers and employees in the Royal Group Phnom Penh Special Economic Zone, on May 26, Prime Minister Hun Sen, said that Cambodia currently has 1,326 factories with more than 840,000 labor force across the country. ...

An inter-ministerial consultation workshop on ‘National Strategic Plan for Tourism Development (NSPTD) for 2023-2035’ was held on Wednesday by the Ministry of Tourism, a press release said. ...

Cambodia received 1.29 million international visitors in the first quarter, a remarkable increase of 709 percent from 159,546 over the same period in 2022. ...

The China-proposed Belt and Road Initiative (BRI) is committed to promoting the connectivity and common development of all countries, and China will continue to advance Belt and Road cooperation with Cambodia, delivering more benefits to the two peoples, Chinese Foreign Ministry spokesperson Mao Ning said ...

Cambodia exported products worth $7.23 billion during the January-April period of 2023, a year-on-year decrease of 4.9 percent from 7.6 billion dollars, Prime Minister Hun Sen said on Saturday. ...

Cambodia’s ministry of commerce and the UK’s ministry of business and trade have established a Joint Trade and Investment Forum (JTIF) to strengthen trade and investment ties  ...

The Council for the Development of Cambodia recently finalised a new draft law on special economic zones (SEZs), aiming to attract investment into the country by providing incentives, enhancing transparency, and promoting fair competition. ...

Cambodia has seen a significant rise in mobile payments as more people transition from cash-based to digital transaction options, according to a recent report by the National Bank of Cambodia (NBC). ...

E-payment trends in Cambodia have significantly consolidated in recent years as more and more people transition from cash-based to digital transaction options, the National Bank of Cambodia (NBC) reaffirmed in a recent report. ...

Cambodia is set to host the 47th Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Annual Meetings from May 14-16, 2024. Centred on regional financial development, the meetings are expected to bring together delegates from some 40 countries to share their knowledge ...

Government representatives and industry leaders in Cambodia are joining forces to explore opportunities for a circular textile economy, aiming to address the pressing challenges in waste management within the textile industry. ...

A Chinese-invested tire factory in Cambodia’s Sihanoukville Special Economic Zone (SSEZ) officially launched its operation on Monday. ...

The Sihanoukville Special Economic Zone (SSEZ), a flagship project in Cambodia under China’s Belt and Road Initiative (BRI), has not only injected impetus into the kingdom’s economic growth, but also importantly contributed to improving livelihoods of tens of thousands of locals. ...

Cambodia and China will jointly hold a series of events this year to boost trade, investment, tourism, and other key areas of cooperation, a senior official said. ...

The Council of Ministers on Friday approved the Tonle Bassac navigation and logistics system project worth approximately $1.7 billion to maximise the potential of Cambodia’s waterway transportation by connecting the Mekong River system to the sea after a 26-month study has been completed, said a ...

Cambodia earned more than $200 million from the export of rubber and rubber products, an increase of more than 38 percent compared to the same period in 2022, reaching just over $149 million. This is according to the four-months report of 2023 of the General ...

Cambodia’s economy is on a recovery path, with growth predicted to accelerate to 5.5 per cent in 2023, led by manufacturing exports, according to a World Bank report. ...

Cambodia’s economy is on a recovery path, with growth predicted to accelerate to 5.5% this year, according to a World Bank (WB) report. ...