Economy and commerce

Cambodia, Vietnam firm on $10 billion trade target

Cambodia and Vietnam continue to march towards the goal of achieving the $10 billion-plus bilateral trade volume this year and taking the economic partnership to a new high. The commitment reflects in the bilateral interactions too. ...

Prakash Jha
https://www.khmertimeskh.com/501188711/cambodia-vietnam-firm-on-10-billion-trade-target/

$10m fund to buy rice from struggling farmers

The Ministry of Economy and Finance has pledged to provide another $10 million in addition to a $83 million fund to purchase rice from farmers at a reasonable cost amid low prices​ to avoid selling to crooked dealers. ...

Meas Molika
https://kiripost.com/stories/10m-fund-to-buy-rice-from-struggling-farmers

Nearly $400 million earned by Cambodia in 10 months through rubber, rubber wood exports

In the first 10 months of 2022, from January to October, Cambodia earned more than $396 million from the export of rubber and rubber wood said the report of the General Department of Rubber. ...

Khmer Times Staff
https://www.khmertimeskh.com/501187462/nearly-400-million-earned-by-cambodia-in-10-months-through-rubber-rubber-wood-exports/

Cambodia earns $3 billion from agricultural products exports in first 10 months

Cambodia exported 7.62 million tons of agricultural products in the first 10 months of 2022, earning $3.07 billion in revenue, according to a report released by the Ministry of Agriculture, Forestry and Fisheries (MAFF) on Saturday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501187892/cambodia-earns-3-billion-from-agricultural-products-exports-in-first-10-months/

Cambodia-Korea trade zooms 16% to $920 million

The bilateral trade between Cambodia and South Korea reached $920 million in ten months of 2022, a year-on-year increase of 16.3 percent, according to a report from the Korea International Trade Association (KITA). ...

Chea Vanyuth
https://www.khmertimeskh.com/501188121/cambodia-korea-trade-zooms-16-to-920-million/

Cambodia, Vietnam laud economic partnership

The Kingdom of Cambodia and the Socialist Republic of Vietnam have spoken highly of their economic partnership, bringing about their bilateral trade volume to US $ 10 billion this year. ...

Khmer Times Staff
https://www.khmertimeskh.com/501188451/cambodia-vietnam-laud-economic-partnership/

Cambodian exports to US at more $7.6 billion

In the first 10 months of 2022, Cambodian exports to the United States reached $7.61 billion reported the General Department of Customs and Excise of Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501186783/cambodian-exports-to-us-at-more-7-6-billion/

Tax revenue passes target amid money laundering cases

The General Department of Taxation (GTD) of the Ministry of Economy and Finance (MEF) has collected more than $2.94 billion of tax revenue for the period of first 10 months this year, which passes the amount set in the budget law 2022 and increases 26.96 ...

Kang Sothear
https://www.khmertimeskh.com/501186161/tax-revenue-passes-target-amid-money-laundering-cases/

Single Portal registrations top 19K

A total of 19,072 companies were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of November 2, the finance ministry reported, in an achievement seen as a reflection of government efforts to improve the ease of ...

May Kunmakara
https://www.phnompenhpost.com/business/single-portal-registrations-top-19k

SSEZ trade volume hits $2B in 10 months

The volume of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) totalled $2.069 billion in the first 10 months of 2022, marking a 17.09 per cent rise year-on-year from $1.767 billion, according to statistics posted by the operator at the weekend. ...

Hin Pisei
https://www.phnompenhpost.com/business/ssez-trade-volume-hits-2b-10-months

Cambodia-China trade rises 7% to $9.62 billion

The trade volume between Cambodia and China registered a 7.1 percent year-on-year growth to $9.62 billion in the ten months of this year, according to the General Department of Customs and Excise. ...

Chea Vanyuth
https://www.khmertimeskh.com/501184696/cambodia-china-trade-rises-7-to-9-62-billion/

RCEP can help Cambodia’s exports to grow upto 18%

Structural changes to be brought by Regional Comprehensive Economic Partnership (RCEP) can raise Cambodia’s exports between 9.4 percent and 18 percent annually, according to experts. ...

Man​oj ​Mat​hew​
https://www.khmertimeskh.com/501184698/rcep-can-help-cambodias-exports-to-grow-upto-18/

ASEAN a bright spot in gloomy global outlook, says IMF chief

The region and the globe remain in the grip of a slew of intractable crises on top of the persistent effects of Covid-19, posing precarious economic headwinds and dampening growth prospects for the coming years. ...

May Kunmakara
https://www.phnompenhpost.com/business/asean-bright-spot-gloomy-global-outlook-says-imf-chief

Cambodia-Brunei cooperation in agriculture and rice export encouraged

The Kingdom of Cambodia and Brunei Darussalam have highly valued their bilateral relations and cooperation and pledged to further foster them. ...

Khmer Times Staff
https://www.khmertimeskh.com/501185081/cambodia-brunei-cooperation-in-agriculture-and-rice-export-encouraged/

China announces new ASEAN Belt & Road Initiative projects centered around Cambodia

The 2022 ASEAN summit took place at the Cambodian capital Phnom Penh, this past weekend, with China as an official guest. At the event, Chinese Premier Li Keqiang announced Beijing’s approval of Chinese investment in significant infrastructure projects in the ASEAN region. ...

Khmer Times Staff
https://www.khmertimeskh.com/501185109/china-announces-new-asean-belt-road-initiative-projects-centered-around-cambodia/

ASEAN Plus Three countries boost trade, investment ties

Ten member states of Southeast Asian Nations (ASEAN), Japan, China, and Korea have boosted cooperation in trade and investment by taking advantage of the existing free trade agreements. ...

Chea Vanyuth
https://www.khmertimeskh.com/501184060/asean-plus-three-countries-boost-trade-investment-ties/

Chinese Premier Li says in Cambodia that reform, opening-up is China’s path to modernization

Premier Li Keqiang said that China is the largest developing country and reform and opening-up is its pathway toward modernization when meeting with the International Monetary Fund Managing Director Kristalina Georgieva in Phnom Penh, Cambodia, on Saturday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501184273/chinese-premier-li-says-in-cambodia-that-reform-opening-up-is-chinas-path-to-modernization/

Phnom Penh-Bavet Expressway construction to start next year

Senior Minister Sun Chanthol, Minister of Public Works and Transport, announced that the construction of the Phnom Penh-Bavet Expressway will begin on 2023. ...

Khmer Times Staff
https://www.khmertimeskh.com/501182004/phnom-penh-bavet-expressway-construction-to-start-next-year/

Gov’t prepares to launch inflation relief programme

Prime Minister Hun Sen said that Cambodia is proud to have supported the poor and vulnerable with cash payments through the dark time of the Covid-19 pandemic. To date, the government has disbursed about $40 million a month to assist people affected by the virus.​​ ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/govt-prepares-launch-inflation-relief-programme

Chinese-built international airport expected to play key role in boosting growth in Cambodia

The new Phnom Penh international airport, which is being constructed by the China Construction Third Engineering Bureau Group Co., Ltd, is expected to play a key role in boosting Cambodia’s economic growth and tourism after being completed. ...

Khmer Times Staff
https://www.khmertimeskh.com/501181671/chinese-built-international-airport-expected-to-play-key-role-in-boosting-growth-in-cambodia/

18 Cambodia-China cooperative documents signed

The Kingdom of Cambodia and the People’s Republic of China signed here this afternoon 18 key documents to further boost their bilateral relations and cooperation. ...

Khmer Times Staff
https://www.khmertimeskh.com/501181657/18-cambodia-china-cooperative-documents-signed/

Kingdom leads trademark registration forum

Cambodia has received the full support of members to lead the 20th session of a Working Group on the legal development of the Madrid System for the international registration of trademarks by the World Intellectual Property Organization (WIPO) for 5 days from November 7- 11. ...

Ry Sochan
https://www.phnompenhpost.com/business/kingdom-leads-trademark-registration-forum

Cambodia, Vietnam ink several agreements

Hun Sen and Pham Minh Chinh witnessed the signing of 11 cooperation documents on land transport; agricultural cooperation; border trade; commerce; TV and radio cooperation; telecom, ICT, and digital transformation; labour; financial innovation and payment systems. ...

Ry Sochan
https://www.phnompenhpost.com/national-politics/cambodia-vietnam-ink-several-agreements

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