Economy and commerce
King signs South Korea FTA ratification into law
The bill sailed through the National Assembly on December 29, the 9th Committee of the Senate on December 30, and the Senate on January 6. All votes were unanimous. The document was enacted into law by a Royal Code signed by the King on January ...
Hom Phanet
https://www.phnompenhpost.com/business/king-signs-south-korea-fta-ratification-law
Rice exports close January with a bang
Cambodia exported more than $96.3 million worth of milled and paddy rice in the first month of this year, providing positive signs for the industry on the whole, according to the Cambodia Rice Federation (CRF). ...
Post Staff
https://www.phnompenhpost.com/business/rice-exports-close-january-bang
Cambodian Digital Government Policy 2022-2035 put into use
The government has put the Cambodian Digital Government Policy 2022-2035 into use, in a bid to create a more conducive environment for the development of the digital socio-economic landscape. ...
Ry Sochan
https://www.phnompenhpost.com/national/cambodian-digital-government-policy-2022-2035-put-use
Phnom Penh Governor appeals for more Japanese investments in Cambodia
Phnom Penh Governor Khuong Sreng requested Japanese investors, through the Japan-Cambodia Association (JCA), to consider investing in the agriculture sector and other sectors. ...
Khmer Times Staff
https://www.khmertimeskh.com/501019076/phnom-penh-governor-appeals-for-more-japanese-investments-in-cambodia/
Government encourages SMEs to join online marketplace
The Ministry of Commerce has called local small and medium enterprises to join an online marketplace where they can display their products for sales, citing that the online marketplace will soon be launched. ...
Chea Vanyuth
https://www.khmertimeskh.com/501018726/government-encourages-smes-to-join-online-marketplace/
Diversification key to economic growth: World Bank
Cambodia was among the Greater East Asian countries hardest hit by the Covid-19 pandemic. However meaningful steps to spur domestic investment, greater productivity among businesses and workers, and a more diversified export portfolio will be key to regain sustained economic growth, according to the World ...
May Kunmakara
https://www.phnompenhpost.com/business/diversification-key-economic-growth-world-bank
Minister eyes durian exports to China, pushes for research
The Ministry of Agriculture is set to conduct a study on the phytosanitary requirements to export durian to China in the near future. ...
Hom Phanet
https://www.phnompenhpost.com/business/minister-eyes-durian-exports-china-pushes-research
$2.3B of projects greenlit in January
The Council for the Development of Cambodia (CDC) approved final registration certificates for 25 projects in the first month of 2022, with total registered capital of nearly $2.3 billion and expected to create 23,175 jobs. ...
Hin Pisei
https://www.phnompenhpost.com/business/23b-projects-greenlit-january
‘Pra’ fish exports to China at hand
Chinese customs has given Cambodia three weeks to ensure that a list of shortcomings will be taken care of, as required by Beijing, before signing a formal protocol allowing the direct export of Cambodian “pra” fish to China. ...
Hom Phanet
https://www.phnompenhpost.com/business/pra-fish-exports-china-hand
RCEP trade pact takes effect in South Korea
The mega free trade pact of the Regional Comprehensive Economic Partnership took effect in South Korea on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501018289/rcep-trade-pact-takes-effect-in-south-korea/
Cambodia-Korea Free Trade Agreement Law promulgated
His Majesty King Norodom Sihamoni, King of the Kingdom of Cambodia, has signed into law the ratification of the Free Trade Agreement between Cambodia and South Korea on January 29, 2022, after it was cleared by the National Assembly and Senate. ...
Khmer Times Staff
https://www.khmertimeskh.com/501018386/cambodia-korea-free-trade-agreement-law-promulgated/
Banteay Meanchey aiming for more Japanese investment
Banteay Meanchey Governor has requested the Japanese-Cambodian Association to attract Japanese investors to do business in the province. ...
Khmer Times Staff
https://www.khmertimeskh.com/501017879/banteay-meanchey-aiming-for-more-japanese-investment/
Domestic airlines resume flights as flights to Cambodia increase
Cambodia Airports has announced the resumption of domestic flights of some airlines as the number of flights to Cambodia continues to increase. ...
Khmer Times Staff
https://www.khmertimeskh.com/501017539/domestic-airlines-resume-flights-as-flights-to-cambodia-increase/
Cambodia’s tourism to recover after 2 years of slump
Cambodia’s tourism industry is projected to rebound in 2022 after a two-year significant fall due to the COVID-19 pandemic, a tourism official said on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501017486/cambodias-tourism-to-recover-after-2-years-of-slump/
Cambodia eyes Alibaba SME accord
Cambodia is looking to work with Alibaba Group to bring local products to markets in China and countries in Asia, Europe and Africa through the Lazada app, and increase exports by domestic small- and medium-sized enterprises (SME). ...
Nov Sivutha
https://www.phnompenhpost.com/business/cambodia-eyes-alibaba-sme-accord
China trade increases by 37% to pass $11B in 2021
The trade volume between Cambodia and China reached more than $11.1 billion last year, representing a 37.28 per cent year-on-year surge, the Chinese embassy in Phnom Penh reported, quoting figures from the Ministry of Commerce. ...
Hom Phanet
https://www.phnompenhpost.com/business/china-trade-increases-37-pass-11b-2021
Kingdom, E Timor plan to forge ties
The enactment of the new investment law, along with the success of the Covid-19 vaccination campaign, is creating an ever-growing pool of rewarding investment opportunities in the Kingdom, according to Council for the Development of Cambodia (CDC) secretary-general Sok Chenda Sophea. ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdom-e-timor-plan-forge-ties
World Bank gives key recommendations for Cambodia’s economic recovery
The blow to Cambodia’s economy from the COVID-19 pandemic was among the most pronounced in East Asia, but the country can regain sustained economic growth by increasing productivity among firms and workers, diversifying exports, and taking steps to boost domestic investment, the World Bank says ...
Khmer Times Staff
https://www.khmertimeskh.com/501016942/world-bank-gives-key-recommendations-for-cambodias-economic-recovery/
Cambodia’s export to China increases as FTA takes effect
Cambodia exports to China increased by 39 percent to $1,510 million last year, a positive move to the Kingdom’s trade as Cambodia and China put into effect their newly-endorsed bilateral free trade agreement. ...
Chea Vanyuth
https://www.khmertimeskh.com/501015767/cambodias-export-to-china-increases-as-fta-takes-effect/
Cambodia’s economy forecast to grow over 5 pct in 2022
Cambodia’s economy is expected to grow over 5 percent in 2022 after the southeast Asian nation has fully reopened since November, buoyed by its high vaccination rates, Prime Minister Hun Sen said here on Sunday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501015969/cambodias-economy-forecast-to-grow-over-5-pct-in-2022/
Cambodia-Vietnam trade volume inches closer to $10 billion in 2021
Cambodia-Vietnam trade volume touched $9.3 billion last year—a rise of 75 per cent compared to 2020 figures—despite the impact of the pandemic. ...
Khmer Times Staff
https://www.khmertimeskh.com/501015577/cambodia-vietnam-trade-volume-inches-closer-to-10-billion-in-2021/
RCEP affirms resurgence of multilateralism: Cambodia’s FM
The Regional Comprehensive Economic Partnership (RCEP) free trade agreement, which took effect on Jan. 1, has affirmed the resurgence of multilateralism, Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501015314/rcep-affirms-resurgence-of-multilateralism-cambodias-fm/
Cambodia’s 2022 GDP expected to grow 5.6%, says Finance Ministry
Cambodia’s economy in 2022 is projected to grow at around 5.6 percent and gradually reach potential growth in the medium term, supported by global demand and a gradual recovery in investment confidence. ...
Chea Vanyuth
https://www.khmertimeskh.com/501014569/cambodias-2022-gdp-expected-to-grow-5-6-says-finance-ministry/
Cambodia’s largest ports see growth in revenue last year despite pandemic
Cambodia’s two state-owned ports, Sihanoukville Autonomous Port (PAS) and Phnom Penh Autonomous Port (PPAP), had seen double-digit growth in revenue in 2021 despite the COVID-19 pandemic, the Ministry of Public Works and Transport said in a report on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501014808/cambodias-largest-ports-see-growth-in-revenue-last-year-despite-pandemic/