Economy and commerce

The Kingdom of Cambodia, which is striving to promote the country as a “rice basket” and a major rice exporter, is aiming to ship at least one million tons of rice per year – 2023 onwards – and earn revenue of around $800 million annually ...

Rising non-farm earnings, such as tourism, garment and construction sectors, helped to cut Cambodia’s national poverty to 17.8 percent from 33.8 percent between 2009 and 2019, the World Bank’s latest poverty assessment report for Cambodia stated. ...

Cambodia is expected to see a remarkable increase in its milled rice export due to the China market, a recovery in demand in the European Union, and the emergence of new markets. ...

Cambodia registered an 18.51 percent year-on-year increase in apparel export to $7.747 billion in the first ten months of this year. ...

The Ministry of Commerce and the Embassy of the Republic of Korea last Thursday held a workshop on dissemination of the benefits and export procedures to local exporters under the Cambodia-Korean Free Trade Agreement (CKFTA), which is scheduled to come into force next month. ...

The exports of apparel from Cambodia increased by 18.51 per cent year-on-year to $7.747 billion during January-October 2022. This constituted 41.30 per cent of Cambodia’s total foreign income of $18.747 billion during the period under review, according to data from the general department of customs ...

Cambodia has inked a deal with Bangladesh to export 25,000 tons of rice, with future collaboration in the pipeline. ...

The government plans to spend a total of $8.85 billion in the next financial year, according to a draft budget proposal for the year 2023 submitted by the Ministry of Economy and Finance. ...

Cambodia will be able to directly export its pepper and natural fisheries to Chinese market, the Embassy of the People’s Republic of China (PRC) in Cambodia said on November 22. ...

The Ministry of Commerce and the Embassy of the Republic of Korea in Phnom Penh on Thursday co-organised a workshop on dissemination of the benefits and export procedures to local exporters under the Cambodia-Korea Free Trade Agreement (CKFTA). ...

The National Bank of Cambodia (NBC), in collaboration with the United Nations Development Programme (Cambodia) organised on Thursday the 9th NBC Annual Macroeconomic Conference, giving floor for discussion for the development of Cambodian economy. ...

Efforts to open the rice market and process rice-derived products through free trade agreements (FTAs) has paved a way for the increase of exports over the last 10 months of the year. ...

Inflation is expected to soar to 7.4 percent in Q2 2022, from 2.8 percent last year, raising fears that it will seriously impact the livelihoods of the country’s most vulnerable. ...

The Ministry of Commerce has put Cambodian milled-rice exports to the Middle East as a priority for ongoing talks on the Cambodia-United Arab Emirates Comprehensive Economic Partnership Agreement (CAM-UAE CEPA), according to minister Pan Sorasak. ...

The 9th NBC Annual Macroeconomic Conference 2022 kicked-off today, highlighting how financial institutions, particularly banks, continue to be crucial participants in funding the real economy and supporting recovery. ...

China-proposed Belt and Road Initiative (BRI) has contributed enormously to Cambodia’s economic growth, the Cambodian government’s senior advisor Sok Siphana said on Wednesday. ...

“China was the powerhouse of economic growth globally for the last 30 years. Now, this modernization program can help to deliver more economic growth for the world,” said Digby James Wren, a senior special adviser to, and director of the Mekong Research Center, the International ...

More than 19,300 businesses with $5.51 billion in investment capital have been registered with the government’s single platform – Online Business Registration System – till November. ...

Minister of Tourism Thong Khon on November 21 outlined seven key recommendations for more efficient and effective post-Covid-19 development of the eco- and community-based tourism segments, with emphasis on turning challenges into opportunities. ...

The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has disbursed some $418 million in loans to at least 3,185 small- and medium-sized enterprises (SME) since its foundation, as of October 31, to keep them from going under during the height of ...

The National Social Security Fund (NSSF) has instructed its officials to focus on outreach to small enterprises and encourage them to register with the NSSF, noting that some of the businesses obligated to pay into the fund in its first month have been slow to ...

Cambodia’s economic growth for 2022 is expected to decelerate to 4.9 percent from estimates of 5.4 percent made prior to the war in Ukraine, an assessment by the UN Development Programme (UNDP) stated. ...

The Securities and Exchange Regulator of Cambodia (SERC) in collaboration with relevant authorities has started investigating non-governmental organisations (NGOs), associations, companies and individuals that have illegal investment schemes to collect funds from the public, said a top official of the regulator. ...

Bakong payment system infrastructure has increased remarkably and has contributed to the use of financial technology and innovations, the National Bank of Cambodia said on Monday. ...