Economy and commerce

According to a report issued by Sihanoukville Autonomous Port, it earned more than 85,117 million riels, equivalent to roughly $65 million, in the first nine months of 2022, marking a 2.75 percent decrease from the same period in 2021. ...

Total foreign direct investment (FDI) to the real estate sector peaked at $3.6 billion in the years preceding Covid-19, where half of the approved investments was backed by Chinese investors. In 2019 alone, FDI financing in the property and real estate development in Cambodia stood around ...

The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has disbursed more than $432 million in loans to at least 3,260 SMEs, to keep them from going under during the height of the Covid-19 crisis, and subsequently to help them reopen and ...

Cambodia-China trade volume hit $14.5 billion, up 19 percent from the previous year, Prime Minister Hun Sen said. ...

The year of 2022 marked another fruitful year of pragmatic cooperation between Cambodia and China as the two countries have enjoyed bigger trade and investment volumes, officials and academics said. ...

The Council for the Development of Cambodia (CDC) notices issued month-to-date reveal that it has greenlit 10 new projects worth nearly $50 million, mostly involved in garments, footwear and packaging. ...

A total of 20,574 companies, with cumulative “registered share capital” of $5.77 billion, were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of December 26 at 2pm, the Online Business Registration Service (“OBRS”) reported. ...

The inaugural export of Cambodian iridescent shark catfish to China has again been delayed, and is now expected to take place as soon as next month, as the only authorised exporter takes care of some final formalities, according to Ministry of Agriculture, Forestry and Fisheries ...

CMA CGM Group, the third largest container shipping company worldwide and number one in France, is slated to launch the Yangon Cambodia Express (YCX), creating a direct link between Myanmar, Cambodia, Singapore and Malaysia, and industry insiders are hailing the service as a promising new ...

Trade volume between Cambodia and China reached $14.5 billion this year, an increase of 19 percent compared to last year, said Prime Minister Hun Sen today. ...

The Regional Comprehensive Economic Partnership (RCEP), the world’s biggest free trade deal, is all about “win-win” cooperation and is “not a zero-sum game,” a Cambodian government official has said. ...

Cambodia’s microfinance sector recorded over 20 percent growth both in terms of loans and deposits by the end of 2022 compared to the same period in 2021, despite the Covid-19 pandemic and the war in Ukraine, according to the Cambodia Microfinance Association (CMA). ...

Rising demand from the US has contributed to faster growth of the travel goods (TG) industry in Cambodia in comparison to the garment industry for some time, reveal recent estimates. ...

The Cambodia Special Economic Zone Committee of the Council for the Development of Cambodia (CDC) issued the certificate of registration for four companies. ...

In its Cambodia Economic Update, the World Bank has said that the country’s commercial real estate sector faces increased risks as financial conditions tighten. ...

Cambodian Prime Minister Hun Sen said here on Monday that China’s aid has greatly contributed to the socioeconomic development and poverty reduction in the Southeast Asian country. ...

Both RCEP and the CCFTA have been in effect since January 2022. “RCEP and the CCFTA are all free trade agreements that mutually open the market in all participating countries, thus giving farmers choices to export their agricultural products to various countries,” he told Xinhua ...

Investing in and empowering young people is vital for members of the Regional Comprehensive Economic Partnership free trade pact to shore up sustained growth and accelerate global economic recovery amid the ravaging COVID-19 pandemic, leading scholars and media executives said. ...

One year on, the Regional Comprehensive Economic Partnership (RCEP) trade deal and the Cambodia-China Free Trade Agreement (CCFTA) have injected a vital impetus to Cambodia’s trade growth in the post COVID-19 pandemic era, an official and experts said. ...

The National Bank of Cambodia (NBC) and the State Bank of Vietnam (SBV) have agreed to strengthen bilateral cooperation through exchange of experience on economy and banking system. ...

Cambodia is set to receive a $274 million credit from the World Bank (WB) “to promote a resilient recovery from the recent economic shocks” stemming from ongoing geopolitical competition among major powers and the Covid-19 crisis, more than two years on from the start of ...

The Cambodian economy, which is projected to register a growth of 5 percent this year, is set to grow by 5.5 percent in 2023, according to the 2022 Annual Consultation Report on Cambodia published by the ASEAN+3 Macroeconomic Research Office (AMRO) yesterday. ...

From January to October 2022, Cambodia saw a revenue of more than $3 billion from the exports of agricultural products, said the Ministry of Agricultural. ...

Huadian Sihanoukville Power Generation Co Ltd (HSPGC), under China’s Huadian Overseas Investment Co Ltd, on December 16 officially put online the “number-two unit” of its 700MW coal-fired HSPGC Power Plant in Preah Sihanouk province, after a successful commissioning test, making it the largest power station ...