Economy and commerce

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 ...

The bilateral merchandise trade volume between Cambodia and Japan totalled $1.789 billion in the first 11 months of 2022, rising by 13.11 per cent on-year, with Cambodian exports accounting for a 59.76 per cent share, down by 1.74 percentage points on a yearly basis, according ...

Cambodia-Republic of Korea (ROK) bilateral trade rose by 4 percent to $659 million in the first ten months of this year, compared to the same period last year. ...

Hun Sen, Prime Minister of the Kingdom of Cambodia, spoke highly of the investment direction of Charoen Pokphand (CP) Group and Soma Group on clean energy production in Cambodia. ...

Prime Minister Hun Sen on Wednesday urged the officials of the Association of Southeast Asian Nations (ASEAN) and European Union (EU) to expedite the establishment of the EU-ASEAN Free Trade Agreement (EU-ASEAN FTA) after the leaders of the two regional organisations had reaffirmed the deal ...

Cambodia and the European Union (EU) have agreed and been committed to continue their good dialogue and close cooperation in the spirit of helping, complementing and respecting each other. ...

Cambodia’s apparel exports increased by 16.56 per cent year-on-year to $8.366 billion during January-November 2022. This constituted 40.89 per cent of Cambodia’s total foreign income of $20.457 billion during the period under review, according to data from the general department of customs and excise under ...

ASEAN is confident that the goal of establishing a single market would not be far, and the bloc will continue to aim for it for the common interest of its people and leaving no one behind. ...

The General Department of Taxation (GDT) announced that it collected 13.01693 trillion riel, or $3.21406 billion, of tax revenues in the first 11 months of 2022, equivalent to 113.99 per cent of the full-year target of $2.81955 billion, reflecting improvements in economic activity post-Covid-19. ...

The General Department of Taxation earned e-commerce value-added tax (VAT) income of $37 million from the operation of electronic goods and services till November this year. ...

The Public-Private Partnership Contract (PPP) for the Phnom Penh-Bavet Expressway project worth about $1.63 billion has been finalised and ready for signing between the government and the private developer in a ceremony to be held in early 2023 after all the clauses of the contract ...

Cambodia and the Netherlands have inked an MoU in a move that aims to bolster bilateral ties, increase agricultural export and promote trade knowledge. ...

Cambodia’s tax revenue collected rose to $3,214.06 million in the first 11 months of the year, marking a 25.29 percent year-on-year (YoY) increase, with economic analysts claiming it is due to the strengthening of tax collection policies. ...

The Royal Government of Cambodia had a total public debt of $9.47 billion as of September 2022, the Ministry of Economy and Finance said, affirming that the public debt remained at low risk. ...

Cambodia exported $8,217 million worth of products to the U.S. market in the first eleven months of this year. ...

Sixteen socio-economic development projects for Cambodia were approved at the 25th GMS Ministerial Conference (MC-25) held in Luang Prabang, Lao PDR, last week. ...

TAFTAC says the garment, footwear and travel goods sector needs assistance and an advisory group is urgently needed to help it rebound ...

In the first 10 months of 2022, Cambodia exported $1,658 million products to Japan – mostly sewing supplies, leather goods, bags and footwear – representing a 10.7 percent YOY increase ...

Three NGOs filed a complaint Monday to a Dutch government watchdog accusing social investor Oikocredit of failing to conduct due diligence by investing in Cambodian microfinance institutions (MFIs) whose lending practices have been linked to rights abuses. ...