Economy and commerce

Cambodia earned more than $77 million from the export of rubber and rubberwood in the first two months of this year, according to the General Directorate of Rubber. ...

The Cambodia-Korea free trade agreement (CKFTA) and the Regional Comprehensive Economic Partnership (RCEP) will boost trade and investment between Cambodia and South Korea. ...

The number of mobile payment users in Cambodia saw an increase by 42 percent to 13.6 million in 2021, according to the National Bank of Cambodia (NBC), explaining that COVID-19 situation has encouraged more people to use electronic payments. ...

Fresh Cambodian mango exports to China – both direct and overland via Vietnam – have been slammed by a double whammy of fierce price competition with nearby countries and the re-imposition of Covid-19 restrictions in the East Asian nation amid a reported resurgence in coronavirus ...

The largest temperature-controlled cold storage and cross-docking facility in Cambodia – which will be able to handle up to 25 per cent of the Kingdom’s total requirements – has broken ground in Kandal province. ...

Prime Minister Hun Sen has spoken highly of the agriculture sector, noting its key contribution to realising the country’s goal of becoming an upper middle-income economy by 2030 and a high-income nation by 2050. ...

World Bank Regional Vice President for East Asia and Pacific Manuela V. Ferro appreciated Cambodia’s effective COVID-19 response and encouraged the country to boost investments in education while jump starting economic recovery during her country visit between March 13 and 17. ...

Cambodia’s agricultural exports this year have reached 2.82 million tonnes as of March 16, surging by over 22 per cent or about 511,000 tonnes year-on-year.   ...

Bilateral trade between Cambodia and South Korea reached $195.124 million in the first two months of 2022, a 22.762 per cent surge from $158.945 million in January-February 2021, according to data provided by the Korea International Trade Association (KITA) on March 21.   ...

Chinese President Xi Jinping has pledged to increase the country’s imports of milled rice from Cambodia and indicated its willingness to purchase other agricultural products from the Kingdom after a free trade agreement (FTA) came into force. ...

A new impetus in economic, trade and technical cooperation between Cambodia and Qatar will deliver a suite of economic benefits for the Kingdom, above all a driving force for exports to the Middle East and a major magnet to draw in more investors and tourists ...

The Ministry of Economy and Finance has said it will launch the Cambodia Garment, Footwear and Bags Sector Development Strategy 2022-2027 on March 21 to strengthen and support the sector in “the new context”. ...

EuroCham Cambodia and GMAC have signed a Memorandum of Understanding (MoU) that will remain in force for an indefinite duration and defines a clear set of joint actions by the two associations for the coming years. ...

Cambodia and Japan on Sunday agreed to ensure the full implementation of the Regional Comprehensive Economic Partnership (RCEP) free trade agreement for the benefit of all, according to a Cambodia-Japan joint statement. ...

The Cambodia Garment, Footwear and Travel Goods (GFT) Sector Development Strategy 2022-2027” will be officially launched on Mar. 21. ...

Cambodian Commerce Minister Pan Sorasak said on Monday that the trade deal is a key driver for economic recovery in the participating countries both during and after the pandemic. ...

ASEAN economic ministers ended their virtual 28th AEM Retreat on Wednesday, agreeing to charter ASEAN’s regional work plan for 2022 in setting priorities towards expediting regional economic recovery. ...

Cambodia exported $64.5 million worth of goods to South Korea in the first two months of this year, down 0.8 percent compared to the same months in the previous year. ...

The Regional Comprehensive Economic Partnership (RCEP) agreement could provide a “vital impetus” to drive the Cambodian economy to exit Least Developed Country (LDC) status by 2028, according to the commerce minister on March 14.   ...

The Council for the Development of Cambodia (CDC) has in the first two months of this year announced its approval of final registration certificates for 37 investment projects worth about $2.38 billion, an indication of significant progress in economic recovery as Covid-19 wanes.   ...

The Regional Comprehensive Economic Partnership (RCEP) agreement could provide a “vital impetus” to drive the Cambodian economy to exit Least Developed Country (LDC) status by 2028, according to the commerce minister on March 14. ...

The General Department of Taxation (GDT) collected 2.07466 trillion riel, or $512.26 million, in taxes in the first two months of 2022, surging by 22.69 per cent over the same period last year, according to its director-general Kong Vibol on March 14. ...

The Council for the Development of Cambodia (CDC) has in the first two months of this year announced its approval of final registration certificates for 37 investment projects worth about $2.38 billion, an indication of significant progress in economic recovery as Covid-19 wanes. ...

Singaporean Minister of Commerce and Industry Gan Kim Yong has reiterated the city-state’s commitment to strengthening bilateral trade cooperation with Cambodia, as he pledged full support in helping the Kingdom succeed during its chairmanship of ASEAN, according to the Cambodian commerce ministry on March 14. ...