Economy and commerce

Cambodia exported $11,391 million worth of products to the United States in January-November of 2022, a 42 percent increase compared to the same period last year, the US Census Bureau reported yesterday. ...

The Council for the Development of Cambodia (CDC) approved fixed asset investment projects worth over $4.685 billion in 2022, up 7 percent as compared to a year before. ...

As Cambodia readies to welcome an expected influx of Chinese tourists, the Ministry of Tourism said that it expects Cambodia to receive about seven million tourists by 2025. ...

Cambodia exported more than 637,000 tons of rice last year, with nearly half going to China, official data showed on Friday. ...

Cambodia attracted fixed-asset investment of $4.68 billion in 2022, up 7.5 percent from $4.35 billion in a year earlier, a Council for the Development of Cambodia’s report showed on Friday. ...

Indicating a renewed interest in travelling, the famous UNESCO World Heritage Centre Angkor Archaeological Park, attracted 287,454 foreign tourists in 2022 and earned $11.5 million last year, the state-owned Angkor Enterprise said in a statement. ...

Orders for garments and footwear have not picked up in Cambodia last year, and it will continue to decline, according to a senior official of the Textile, Apparel, Footwear & Travel Goods Association in Cambodia (TAFTAC). ...

The finance ministry has authorised the extension of the Credit Guarantee Corporation of Cambodia Plc’s (CGCC) $200 million Business Recovery Guarantee Scheme (BRGS) beyond December 31, 2022, until all funds have been utilised, according to the CGCC. ...

Construction work on a massive tyre factory in Sihanoukville Special Economic Zone (SSEZ) is expected to be completed by May, according to Preah Sihanouk Provincial Administration spokesman Kheang Phearom on January 3. ...

Industry analysts have highlighted a shortage of architects and engineers as a potential issue for the Kingdom’s construction sector, as the number of projects underway begins a steady return to pre-Covid-19 levels. ...

With the growing reach of the Internet, better access to newer technologies, increasing digitization, and rise in income levels, the e-commerce sector in Cambodia is marching ahead on a firm growth path. ...

Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) member countries reached $28.4 billion in the first 11 months of 2022, a year-on-year increase of 7 percent, the Ministry of Commerce’s latest report showed on Tuesday. ...

Fugitive Thai politician Vatana Asavahame, linked to management of the Poipet casino devastated by a deadly fire last week, received Cambodian citizenship in a 2008 royal decree, according to documents viewed by CamboJA. ...

A “well-known” but unnamed international brand has chosen Cambodia as the location to set up a new export-oriented jewellery factory, revealing plans to start investment operations in early 2024, the Council for the Development of Cambodia (CDC) reported. ...

The Ministry of Agriculture’s strategy to boost exports, particularly farmers’ rice costs, will be strengthened in 2023. ...

Cambodia exported $5,671 million worth of goods to the members of the Regional Comprehensive Economic Partnership (RCEP) countries in eleven months of last year, an increase of 5 percent compared to the same period last year, data from the Ministry of Commerce showed yesterday. ...

A Cambodian researcher said that the Belt and Road Initiative (BRI) projects will be a contributor to the economic growth in Cambodia and in the region in the post-pandemic COVID-19 era and will help Cambodia achieve its ambitious goal of becoming an upper-middle income country ...

China’s broader push for its pathway to modernization has fueled expectations that the nation will bring more opportunities and create a dynamic of growth that will deliver wide-ranging benefits for the world, according to business leaders and analysts. ...

As Cambodia touted recovering trade and GDP growth, thousands took to the streets this year over repression at work or struggles in the market. The year marked a return to money and goods flowing quickly and unevenly, as the country faced reports of rising poverty and ...

Tourism leaders remain confident the sector will further rebound in 2023, attracting three million international arrivals. ...

GDP per capita is expected to reach nearly $2,000, while Cambodia’s economic growth is expected to reach 6.6 percent in 2023. ...

Prime Minister Hun Sen yesterday announced that Cambodia’s Gross Domestic Product (GDP) grew by 5.5 percent in 2022, while the tax revenue collected from both customs and taxation grew by 2 percent higher than expected. ...

Timber, monkeys, orchids, sand: Cambodia’s protected areas and natural resources continue to be a lucrative source of income, in spite of all the promises (and international funding) to protect them. Above all else, the hunger for land has consumed Cambodians and foreigners alike, triggering a constant ...

A delegation from a high-end fashion and accessories producer has decided on Cambodia as their investment destination. ...