Economy and commerce
Road vehicle imports clock in at $977M
Cambodia imported road vehicles worth $977.4 million in the first 10 months of 2021, up by more than eight per cent from $901 million in January-October 2020, according to Ministry of Commerce data. ...
Hin Pisei
https://www.phnompenhpost.com/business/road-vehicle-imports-clock-977m
Kheng announces Chinese investment to reach total of $10 billion in 2023
In the first semester of 2021, Chinese investment in the Kingdom remained the highest of any foreign nations. The total value of Chinese finance reached around $5 billion, an increase of 31 percent when compared to the previous year. ...
Tin Sokhavuth
https://www.khmertimeskh.com/50999151/kheng-announces-chinese-investment-to-reach-total-of-10-billion-in-2023/
Non-rice agricultural product export nets $3.16 Billion in 2021
Cambodia exported some 5.18 million tonnes of non-rice agricultural products in 2021, a 48.14 percent increase compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501000187/non-rice-agricultural-product-export-nets-3-16-billion-in-2021/
Non-rice agricultural product export nets $3.16 Billion in 2021
Cambodia exported some 5.18 million tonnes of non-rice agricultural products in 2021, a 48.14 percent increase compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501000187/non-rice-agricultural-product-export-nets-3-16-billion-in-2021/
Cambodia-UK trade recorded at more than $600 million in first ten months
Bilateral trade exchange between Cambodia and the United Kingdom reached some $645 million in the first ten months of this year, a decline of 13 percent compared to the same period in 2020. ...
Khmer Times Staff
https://www.khmertimeskh.com/50998427/cambodia-uk-trade-recorded-at-more-than-600-million-in-first-ten-months/
Cambodia-U.S. trade reaches over $6 billion in first ten months
Bilateral trade between Cambodia and the United Sates was valued at about $6.35 billion in the first ten months of 2021, a year-on-year increase of 40 percent. ...
Khmer Times Staff
https://www.khmertimeskh.com/50997852/cambodia-u-s-trade-reaches-over-6-billion-in-first-ten-months/
Rough gemstone import-export down 45%
Cambodia has issued 36 certificates for the import and export of a total of $24 million worth of precious and industrial-grade rough gemstones in 2021, down by 45 per cent from $43.7 million in 2020, covered by 45 permits, according to Ministry of Commerce data. ...
Hin Pisei
https://www.phnompenhpost.com/business/rough-gemstone-import-export-down-45
EU trade safeguards on rice expire January 18
Cambodia is set to enjoy a considerable boost in milled-rice exports to the EU next year after safeguard measures imposed by the European Commission (EC) expire at the onset of January 18. ...
May Kunmakara
https://www.phnompenhpost.com/business/eu-trade-safeguards-rice-expire-january-18
High hopes as RCEP enters into force Jan 1
The Regional Comprehensive Economic Partnership (RCEP) will enter into force on January 1, and local economists and businessmen expect huge benefits from one of the world’s largest free trade agreements. ...
Hom Phanet
https://www.phnompenhpost.com/business/high-hopes-rcep-enters-force-jan-1
PM: Despite Omicron, Cambodia to continue socio-economic reopening
Despite the outbreak of Omicron, a new COVID-19 variant of concern, Cambodia will continue to fully resume its socio-economic activities which began since Nov. 1, 2021. ...
Khmer Times Staff
https://www.khmertimeskh.com/50995525/pm-despite-omicron-cambodia-to-continue-socio-economic-reopening/
RCEP takes effect as world rings in 2022
In the week ahead, world leaders are expected to deliver their New Year’s Eve addresses as people all over the globe ring in the year of 2022, which is when the Regional Comprehensive Economic Partnership (RCEP) agreement will take effect. ...
Khmer Times Staff
https://www.khmertimeskh.com/50995612/rcep-takes-effect-as-world-rings-in-2022/
Despite COVID-19 pandemic, Cambodia created more than 150,000 jobs through 195 new investments
The Minister of Labor and Vocational Training said that even in the context of Covid-19 pandemic, Cambodia received and approved 195 new investment projects and 43 production expansion requests that could create more than 150,000 jobs. ...
Khmer Times Staff
https://www.khmertimeskh.com/50995101/despite-covid-19-pandemic-cambodia-created-more-than-150000-jobs-through-195-new-investments/
SME Bank mulls unsecured loans for SMEs
The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) plans to waive collateral requirements for new loans to qualifying local small- and medium-sized enterprises (SME) soon, to reduce the barriers and obstacles that limit their access to the necessary cash to fund ...
Hom Phanet
https://www.phnompenhpost.com/business/sme-bank-mulls-unsecured-loans-smes
Agriculture ministries talk cross-border cooperation
Cambodia and Vietnam have negotiated an agreement on agriculture to strengthen import-export controls and prevent the illegal cross-border timber and wildlife trade, among other issues, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/agriculture-ministries-talk-cross-border-cooperation
NBC Director General Chea Serey says SMEs play an important role in supporting economic growth and improving people’s livelihoods
Ms. Chea Serey, Director General of the National Bank of Cambodia, has highlighted the importance of small and medium enterprises (SMEs) that have contributed significantly to supporting the national economic growth and helping the livelihood of people living in rural areas. ...
Khmer Times Staff
https://www.khmertimeskh.com/50993730/nbc-director-general-chea-serey-says-smes-play-an-important-role-in-supporting-economic-growth-and-improving-peoples-livelihoods/
Vietnam should promote new investment wave in Cambodia, says President
Vietnam needs to improve the scale and quality of investment in Cambodia, promoting a new wave of investment, President Nguyen Xuan Phuc stated while meeting Vietnamese Cambodian enterprises on December 22 during his State visit to Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/50993634/vietnam-should-promote-new-investment-wave-in-cambodia-says-president/
Preah Sihanouk sees more Chinese investors, but arrivals ‘still low’
Tourists and Chinese investors are gradually making their way back to Preah Sihanouk province, as the Covid-19 situation in the Kingdom eases and socio-economic activities pick up pace following early November’s full reopening announcement, according to a spokesman for the coastal province. ...
Hom Phanet
https://www.phnompenhpost.com/business/preah-sihanouk-sees-more-chinese-investors-arrivals-still-low
Thai diplomat’s visit focused on economy plans
Cambodia and Thailand have pledged to deepen bilateral relation across all sectors with a special focus on reviving the two economies in the wake of pandemic-induced fiscal challenges. ...
Ry Sochan
https://www.phnompenhpost.com/national-politics/thai-diplomats-visit-focused-economy-plans
Non-gold goods trade exceeds $29B
Cambodia’s global non-gold goods trade topped $29 billion in the first three quarters of 2021, increasing by around a quarter year-on-year, the Ministry of Economy and Finance reported. ...
Hin Pisei
https://www.phnompenhpost.com/business/non-gold-goods-trade-exceeds-29b
South Korea trade nearly $870M in Jan-Nov
Bilateral trade between Cambodia and South Korea reached $869.735 million in the first 11 months of 2021, an 8.805 per cent surge from $799.354 million in the same period last year, according to data from the Korea International Trade Association (Kita) posted at the weekend. ...
Hin Pisei
https://www.phnompenhpost.com/business/south-korea-trade-nearly-870m-jan-nov
Working group on investment, economy set up with China
Cambodia and China have decided to set up an investment and economic cooperation working group to promote the Belt and Road Initiative (BRI), as well as strengthen investment and prop up bilateral economic and trade ties. ...
Hom Phanet
https://www.phnompenhpost.com/business/working-group-investment-economy-set-china
Banking and financial institutions disbursed $44.9 billion in loans, an increase of 23 percent
The National Bank of Cambodia (NBC) said that at the end of the third quarter of 2021, banking and financial institutions provided loans totaling 185.1 trillion riels or about $44.9 billion to agriculture, construction, manufacturing, services, wholesale and retail trade and household units. This accounted ...
Khmer Times Staff
https://www.khmertimeskh.com/50992206/banking-and-financial-institutions-disbursed-44-9-billion-in-loans-an-increase-of-23-percent/
Vietnam, Cambodia foster economic, science and technology partnership
Vietnamese Foreign Minister Bui Thanh Son and Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Prak Sokhonn co-chaired the 19th meeting of the Vietnam-Cambodia Joint Committee on economic, science and technology cooperation via videoconference on December 19. ...
Khmer Times Staff
https://www.khmertimeskh.com/50992272/vietnam-cambodia-foster-economic-science-and-technology-partnership/
Cambodia, China boost investment, economic and trade cooperation
Cambodia and China have established a working group on investment and economic cooperation, tasked mainly to promote bilateral economic and trade relations, strengthen investment and economic cooperation. ...
Khmer Times Staff
https://www.khmertimeskh.com/50990643/cambodia-china-boost-investment-economic-and-trade-cooperation/