Economy and commerce

Japanese firm Top Planning Japan Co Ltd’s (TPJ) apparent interest in investing in facilities in Battambang province to convert cashew nut shells into fuel and process the fibre-rich seeds for export has been greeted with much enthusiasm among local authorities and has dramatically heightened prospects ...

National Bank of Cambodia (NBC) assistant governor Chea Serey on February 7 proposed that British businesspeople ramp up their investments in Cambodia and buy more local goods, to strengthen bilateral economic relations and stimulate recovery in the Southeast Asian country following a downturn linked to ...

In October 2022, Bora believed forming a union at his Takeo province shoe factory would help him and his colleagues gain better benefits. ...

Cambodia Post Bank Plc (CPBank) has partnered with the Asian Development Bank (ADB) on a $10 million loan initiative to provide to the Kingdom’s micro-, small- and medium-sized enterprises (MSME) to support their recovery after years of Covid-related disruptions, according to ADB. ...

Milled rice exports of 36,900 tonnes, or $28.83 million in value, were recorded in January, the Cambodian Rice Federation (CRF) said, noting that 41 percent of that, or 15,045 tonnes worth $11.77 million, went to China and Hong Kong. ...

Cambodia’s exports to the European Union (EU) last year were worth $4.045 billion—a more than 25 per cent hike from the $3.229 billion registered in 2021, according to the ministry of commerce. Cambodia-EU trade was worth $4.857 billion last year, rising by 15.9 per cent ...

Cambodia and Japan have pledged to boost further economic and investment cooperation as they mark this year the 70-year anniversary diplomatic establishment between the two countries. ...

Over past years, mutual trust and support between Cambodia and China have largely consolidated bilateral relations, Cambodian experts have said. ...

The Asian Development Bank (ADB) and Cambodia Post Bank (CP Bank) have signed a loan of up to $10 million to spur post-pandemic recovery for the nation’s micro-, small- and medium-sized enterprises (MSMEs) by increasing access to finance, with at least half earmarked for women. ...

Trucks loaded with Vietnamese durians lined up for customs inspections recently at the China and Vietnam Youyi Pass, a border crossing located in a natural gap between a series of steep cliffs and hills covered in conifers and bamboo on the border of the two ...

Cambodia exported a total of 670,000 tonnes of raw cashew nuts worth $1.07 billion last year to the international market, with 98.5 percent of its raw cashew nuts worth $1 billion being shipped to Vietnam. ...

Japan-Cambodia Association (JCA) is committed to attract more Japanese investors to Cambodia, particularly in human resources development. ...

Cambodia and Kuwait have reiterated their commitments to further enhance bilateral relation and cooperation in areas of trade, economy and oil/gas exploration. ...

The total number of loan accounts reached 1.54 million nationwide in December, rising by 3.45 per cent “from the previous quarter”, according to the latest report from Credit Bureau (Cambodia) Co Ltd (CBC). ...

The Securities and Exchange Regulator of Cambodia (SERC) is set to authorise the establishment of joint venture funds in the first quarter of this year ending March 31, as the underlying regulatory framework nears completion, paving the way for licensed companies to raise money for ...

Officials have suggested that the 14 partner signatories to the Regional Comprehensive Economic Partnership (RCEP) establish a trade secretariat in Phnom Penh. The agreement, which aims to boost economic development, came into force at the beginning of 2022. ...

Cambodia exported $1,939 million worth of products to Japan last year, a year-on-year increase of 10.5 percent, the Japan External Trade Organization (JETRO) report said on Monday. ...

Outbound tourism by Chinese citizens, which had been suspended for nearly three years, has gradually resumed since China optimized its COVID-19 response and entry-exit policies on January 8. ...

The export volume of Cambodia for the past year was valued at $22.44 billion, while import reached $25.46 billion. ...

Cambodia has high hopes of forging a deal with the Philippines to export 1,000 tonnes of rice as a trial, the head of Cambodian Rice Federation (CRF) said on Monday after a visit to explore the market. ...

A forum on human resources in Cambodia has highlighted the need to prioritize developing high-skilled labor to grow the economy. ...

The state-owned Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank) has disbursed more than $200 million in loans to at least 2,500 SMEs to help them expand businesses. ...

The value of Cambodian trade with the nine other ASEAN countries reached $16.053 billion in 2022 – up 1.4 per cent from $15.838 million in 2021 – accounting for a 30.62 per cent share of the Kingdom’s $52.425 billion in total foreign trade for the ...

General Department of Customs and Excise (GDCE) said that they have collected more than $2.69 billion in 2022, an increase of 18.3 per cent over 2021 revenue.​ In a February 3 annual meeting in Kep province, GDCE director general Kun Nhem said that the figure ...