Economy and commerce
Trade pacts will draw investment to Cambodia
The Regional Comprehensive Economic Partnership free trade pact and bilateral free trade agreements are among the key factors attracting foreign direct investment to Cambodia, a senior official says. ...
Khmer Times Staff
https://www.khmertimeskh.com/501028665/trade-pacts-will-draw-investment-to-cambodia/
The Japanese Ambassador to Cambodia committed to continue efforts to promote Japanese FDI inflow into Cambodia
Sok Chenda Sophea, Minister Delegate to the Prime Minister, Secretary-General of the Council for the Development of Cambodia, and Masahiro MIKAMI, Ambassador Extraordinary and Plenipotentiary of Japan to Cambodia, chaired the 23rd Meeting of the Cambodian Joint Committee – Japan on February 18, 2022 at ...
Khmer Times Staff
https://www.khmertimeskh.com/501028646/the-japanese-ambassador-to-cambodia-committed-to-continue-efforts-to-promote-japanese-fdi-inflow-into-cambodia/
ASEAN FMs reiterate commitment to ensure full, effective implementation of RCEP agreement
Foreign ministers of the Association of Southeast Asian Nations (ASEAN) have reiterated their commitment to ensure the full and effective implementation of the Regional Comprehensive Economic Partnership (RCEP) agreement, which took effect on January 1, Cambodian Foreign Minister Prak Sokhonn said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501028293/asean-fms-reiterate-commitment-to-ensure-full-effective-implementation-of-rcep-agreement/
Retail fuel rates hiked for fourth straight period
The government has increased retail fuel prices for the fourth bimonthly period in a row, as oil climbs towards $100 per barrel – a trend that has devastated the transport and private-hire sectors and other major petrol consumers ravaged by Covid-induced revenue losses for more ...
Hom Phanet
https://www.phnompenhpost.com/business/retail-fuel-rates-hiked-fourth-straight-period
Cambodian PM encourages more investments from Singapore
Prime Minister Hun Sen has urged Singapore to encourage more investors to do business in Cambodia. The encouragement was made during the courtesy meeting between the Cambodian Premier and visiting Singapore Foreign Minister Dr. Vivian Balakrishnan, at the Peace Palace Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501026685/cambodian-pm-encourages-more-investments-from-singapore/
Cambodia’s non-garment manufacturing product export amounts $4.5 billion last year
Cambodia’s non-garment manufacturing product export was valued at $4,541 million last year, 44.2 percent compared to the same period in a year before, according to figures from the General Department of Customs and Excises. ...
Chea Vanyuth
https://www.khmertimeskh.com/501025911/cambodias-non-garment-manufacturing-product-export-amounts-4-5-billion-last-year/
Gov’t allocates $100M to prop up SMEs
The Ministry of Economy and Finance on February 14 allocated $100 million to two state-owned banks to provide additional support to small- and medium-sized enterprises (SME), and the agriculture and agro-industry sectors. ...
Nov Sivutha
https://www.phnompenhpost.com/business/govt-allocates-100m-prop-smes
Cambodia’s garment export nets $11.3 billion in 2021
Despite facing challenges over raw material supplies, strict crossing border measures imposed by the deadly Covid-19, Cambodia’s garment sector saw the robust growth of export last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501025229/cambodias-garment-export-nets-11-3-billion-in-2021/
More $100 million added to support SMEs and agriculture sector
The government has allocated $100 million to support small and medium enterprises, agriculture and agro-industry sector enabling them to make their business recover from the pandemic-stricken period. ...
Chea Vanyuth
https://www.khmertimeskh.com/501025171/more-100-million-added-to-support-smes-and-agriculture-sector/
Kingdom, South Korea plan for post-FTA era
South Korea has pledged to expand economic and trade cooperation with Cambodia after a free trade agreement (FTA) signed by the two countries last year enters effect in the near future, Prime Minister Hun Sen affirmed in a statement at the weekend. ...
Hom Phanet
https://www.phnompenhpost.com/business/kingdom-south-korea-plan-post-fta-era
Commerce chief asks Canada to mull Cambodia trade deal
Minister of Commerce Pan Sorasak has asked Canada to explore the possibility of establishing a bilateral free trade agreement (FTA) with the Kingdom as soon as practicable to improve trade flows between the two countries. ...
Hin Pisei
https://www.phnompenhpost.com/business/commerce-chief-asks-canada-mull-cambodia-trade-deal
Cambodia’s export to Canada under free tariffs and free quotas reaches $954.82 million
Pan Sorasak, Minister of Commerce, met with Dr. Sarah Taylor, Ambassador of Canada to the Kingdom of Cambodia to enhance cooperation between the two countries and promote some priority areas. ...
Khmer Times Staff
https://www.khmertimeskh.com/501025343/cambodias-export-to-canada-under-free-tariffs-and-free-quotas-reaches-954-82-million/
Customs revenues reaches $2.295 billion in 2021
Approximately $2.295 billion was collected as customs revenue in 2021, about 97.1 percent of the yearly plan, according to the data from the General Department of Customs and Excise (GDCE). ...
Khmer Times Staff
https://www.khmertimeskh.com/501023830/customs-revenues-reaches-2-295-billion-in-2021/
Cambodia’s garment, footwear, travel goods exports up 15.2 pct in 2021
Cambodia’s garment, footwear and travel goods industry has seen a 15.2 percent rise in exports in 2021, according to a report from the General Department of Customs and Excise on Saturday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501024109/cambodias-garment-footwear-travel-goods-exports-up-15-2-pct-in-2021/
Capital’s airport records 28% cargo rise
Phnom Penh International Airport handled 55,000 tonnes of air freight in 2021, surging by about 28 per cent from a year earlier, according to a State Secretariat of Civil Aviation (SSCA) report. ...
Hom Phanet
https://www.phnompenhpost.com/business/capitals-airport-records-28-cargo-rise
‘Digital link’ between post, customs launched
Swisscontact, on behalf of the World Trade Organisation’s (WTO) Global Alliance for Trade Facilitation (GATF), on February 8 launched a new e-trade portal project in partnership with two Cambodian government institutions – the General Department of Customs and Excise (GDCE) and Cambodia Post. ...
May Kunmakara
https://www.phnompenhpost.com/business/digital-link-between-post-customs-launched
Ministry of Economy announces $100 million funding increase for SME Bank and Rural Development Bank for Agriculture
The Ministry of Economy and Finance will announce the announcement of additional funding of $100 million for the Cambodian Small and Medium Enterprise Bank and the Agricultural Rural Development Bank to provide additional support to SMEs, agriculture and agriculture. Industry according to the press release ...
Khmer Times Staff
https://www.khmertimeskh.com/501023375/ministry-of-economy-announces-100-million-funding-increase-for-sme-bank-and-rural-development-bank-for-agriculture/
Kingdom-United States trade tops $9.1 billion last year
The bilateral trade between Cambodia and the US amounted to $9,159 million in value in 2021, a 15.8 percent increase compared to the same period last year, according to a report the US Census Bureau issued on Wednesday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501022173/kingdom-united-states-trade-tops-9-1-billion-last-year/
Economy may expand 5.6% in 2022: minister
Minister of Economy and Finance Aun Pornmoniroth has pegged Cambodia’s economic growth at 5.6 per cent for 2022, reflecting national progress towards herd immunity against Covid-19, underpinned by vaccination rates that rank among the best globally and that have motivated the government to allow the ...
May Kunmakara
https://www.phnompenhpost.com/business/economy-may-expand-56-2022-minister
Firms enlisted in online VAT drive
The General Department of Taxation (GDT) has said it will work with 49 businesses that provide online services in Cambodia to promote the implementation of value-added tax (VAT) on e-commerce transactions, in a move that responds to the recent boom in the online market. ...
Nov Sivutha
https://www.phnompenhpost.com/business/firms-enlisted-online-vat-drive
Fintechnews Singapore says digital financial services picks up steam in Cambodia
Over the past few years, digital financial services have seen greater adoption in Cambodia, a trend that was accelerated by the COVID-19 pandemic and the social distancing measures put in place to limit the spread of the virus. ...
Khmer Times Staff
https://www.khmertimeskh.com/1021708/fintechnews-singapore-says-digital-financial-services-picks-up-steam-in-cambodia/
Cambodia, Morocco plan business forum, keen to deepen ties: envoy
Cambodia and Morocco are planning a business forum geared towards expanding bilateral trade and investment cooperation, bridging investors of both countries, according to Cambodian ambassador to Thailand Ouk Sorphorn. ...
Hom Phanet
https://www.phnompenhpost.com/business/cambodia-morocco-plan-business-forum-keen-deepen-ties-envoy
Cross-border trade with Cambodia jumps 16.63 percent to 144.9 billion baht in 2021
Cross-border trade in 2021 between Thailand and Cambodia expanded by 16.63 percent to 144.9 billion bhat last year, am amazing achievement despite the borders being closed significantly last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501020980/cross-border-trade-with-cambodia-jumps-16-63-percent-to-144-9-billion-baht-in-2021/
Japanese company eyes a slice of silk pie
A Japanese company plans to invest in silk production, breeding silk worms in Battambang province to process into consumer products and exports, to boost economic growth and create more local jobs. ...
Nov Sivutha
https://www.phnompenhpost.com/business/japanese-company-eyes-slice-silk-pie