Economy and commerce
$84.5 million investment project approved to produce solar panels
The Council for the Development of Cambodia (CDC) has approved an investment project worth $84.5 million that will need about 1,000 workers to manufacture solar panels in an industrial zone in Kratie province, according to a release by the CDC. ...
Kang Sothear
https://www.khmertimeskh.com/501115792/84-5-million-investment-project-approved-to-produce-solar-panels/
MB to set up commercial bank in Cambodia
The State Bank of Vietnam (SBV) has issued a written document allowing the Military Commercial Joint Stock Bank (MB) to establish a 100 percent-owned bank in Cambodia on the ground of its branch in Phnom Penh. ...
Khmer Times Staff
https://www.khmertimeskh.com/501116192/mb-to-set-up-commercial-bank-in-cambodia/
Cambodia sees cassava exports increase by 40 percent in H1
In the first half of 2022, Cambodia exported 2.3 million tons of cassava products, an increase of about 40 percent compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501116199/cambodia-sees-cassava-exports-increase-by-40-percent-in-h1/
CDC approves four new projects worth more than $100 million
Cambodia continues to attract large investments, with the latest being four CDC-approved investments worth more than $100 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/501116207/cdc-approves-four-new-projects-worth-more-than-100-million/
Cambodia’s rice export to China up over 17 pct in H1
Cambodia exported 168,280 tons of milled rice to China in the first half of 2022, up 17.4 percent over the same period last year, said an official report on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501115402/cambodias-rice-export-to-china-up-over-17-pct-in-h1/
Phnom Penh Autonomous Port sees H1 revenue surging
Public-listed stated-owned enterprise Phnom Penh Autonomous Port (PPAP) recorded a 29 percent increase in unaudited revenue to $19.76 million in January-June period this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501113592/phnom-penh-autonomous-port-sees-h1-revenue-surging/
Kampot clocks in more than 12,000 tonnes of seafood yield in H1
Throughout the first half of 2022, fishermen across Kampot province harvested approximately more than 12,000 tonnes of freshwater and saltwater fish and crustaceans. ...
Khmer Times Staff
https://www.khmertimeskh.com/501114704/kampot-clocks-in-more-than-12000-tonnes-of-seafood-yield-in-h1/
Hun Sen proposes investments in rice sector to Bangladesh's foreign minister
Prime Minister Hun Sen urged Bangladeshi investors to invest in the rice sector in Cambodia by building rice mills and buying rice from Cambodian farmers to export to Bangladesh. ...
Cambodia’s first semester rubber exports amount to $215 million
Cambodia exported 135,137 tonnes of rubber in the first half of 2022, a 3 percent increase compared to the same period last year, earning $215 million as revenue, up 2.9 percent. ...
Khmer Times Staff
https://www.khmertimeskh.com/501113188/cambodias-first-semester-rubber-exports-amount-to-215-million/
CCF on mission to tackle counterfeits
Each year, more than 1,000 tonnes of counterfeit products are discovered and seized by officials of the General Department of Consumer Protection, Competition and Fraud Repression (CCF). The counterfeit products are usually consumer goods, including food and beverage products that can affect the health of ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national-post-depth/ccf-mission-tackle-counterfeits
1,000 unfinished constructions show aftermath of a ‘boom’
Aing Bunath acknowledges that local residents were getting a little greedy during Sihanoukville’s online gambling boom in recent years. ...
Mech Dara
https://vodenglish.news/1000-unfinished-constructions-show-aftermath-of-a-boom/
RCEP, CCFTA give boost to e-commerce development
The Regional Comprehensive Economic Partnership (RCEP) trade pact and the Cambodia-China Free Trade Agreement (CCFTA) have given a boost to the fledgling e-commerce industry in Cambodia, experts said on Monday . ...
Khmer Times Staff
https://www.khmertimeskh.com/501111535/rcep-ccfta-give-boost-to-e-commerce-development/
Effective steps helped Kingdom’s tourism sector recovery
The Covid-19 pandemic has had an unprecedented impact on Cambodia’s tourism sector however, it was handled well with the proactive efforts of the government and the timely introduction of socio-economic development policies, a top tourism official has said. ...
Sok Sithika
https://www.khmertimeskh.com/501111392/effective-steps-helped-kingdoms-tourism-sector-recovery/
Cambodia exports surge 40 percent in H1
Cambodia saw high growth in exports in the January-June period this year, driven by the resumption of socio-economic activities, trade preferences in the Regional Cooperation Economic Partnership and the bilateral free trade agreement with China. ...
Chea Vanyuth
http://khmertimeskh.com/501111390/cambodia-exports-surge-40-percent-in-h1/
Cambodia’s trade volume up 20 percent in first half of 2022
Cambodia’s total trade volume was valued at $27.2 billion in the first half of 2022, up 20 percent from 22.6 billion dollars over the same period last year, according to an official report released on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501111765/cambodias-trade-volume-up-20-percent-in-first-half-of-2022/
Rise in digital payments driving force for e-commerce growth in Cambodia
The sharp rise in digital payments is a driving force for the development of e-commerce in Cambodia, Jack Lee, chief executive officer and founder of online market Smile Shop in Cambodia, said on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501111773/rise-in-digital-payments-driving-force-for-e-commerce-growth-in-cambodia/
RCEP, CCFTA give boost to e-commerce development in Cambodia
The Regional Comprehensive Economic Partnership (RCEP) trade pact and the Cambodia-China Free Trade Agreement (CCFTA) have given a boost to development of the fledgling e-commerce industry in Cambodia, experts said on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501111053/rcep-ccfta-give-boost-to-e-commerce-development-in-cambodia/
CCC workshop tackles export issues for domestic SMEs
The Cambodia Chamber of Commerce (CCC) on July 8 advised owners of local small- and medium-sized enterprises (SME) to understand and follow the legal procedures for export to streamline the process and reduce compliance issues. ...
Hom Phanet
https://www.phnompenhpost.com/business/ccc-workshop-tackles-export-issues-domestic-smes
Cambodia 2022 first half customs income at $1.2 billion
The General Department of Customs and Excise earned $1,293 million in customs income in the first half of this year, representing 50.1 percent of the financial plan for 2022. ...
Chea Vanyuth
https://www.khmertimeskh.com/501108599/cambodia-2022-first-half-customs-income-at-1-2-billion/
Foreign tourist arrivals increase 394 percent in first half of 2022
The number of international tourists to Cambodia soared by 394 percent to 506,762 in the first six months of this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501109007/foreign-tourist-arrivals-increase-394-percent-in-first-half-of-2022/
Ministry identifies 131 potential ecotourism communities
Minister of Agriculture, Forestry and Fisheries Veng Sakhon said that Ministry has identified 131 communities that could potentially be turned into ecotourism communities. ...
Khmer Times Staff
https://www.khmertimeskh.com/501107047/ministry-identifies-131-potential-ecotourism-communities/
Finance Ministry, NBC enhance digital verification of customer documents
The Ministry of Economy and Finance and the National Bank of Cambodia (NBC) have reached a memorandum of understanding on electronic Know Your Customer (e-KYC) cooperation, aiming to enhance digital verification of customer documents in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501106776/finance-ministry-nbc-enhance-digital-verification-of-customer-documents/
Cambodia’s e-commerce market value sees fast growth during COVID-19 pandemic
Cambodia’s market value of e-commerce had increased to $970 million in last year, up 19 percent from 813 million dollars in 2020, according to the Ministry of Commerce’s iTrade Bulletin released recently. ...
Khmer Times Staff
https://www.khmertimeskh.com/501106820/cambodias-e-commerce-market-value-sees-fast-growth-during-covid-19-pandemic/
E-commerce market value rises 19% to $970 million
The market value of e-commerce in Cambodia surged 19 percent to $970 million in 2021 compared to a year earlier, according to the iTrade Bulletin of the Ministry of Commerce. ...
Chea Vanyuth
https://www.khmertimeskh.com/501105754/e-commerce-market-value-rises-19-to-970-million/