Economy and commerce

The Cambodian government identified the automotive and electronics sectors as potential priority sectors for promoting Cambodia’s participation in the global value chain, as well as promoting economic diversification and economic recovery after the Covid-19. ...

The bilateral free trade between Cambodia and South Korea surged 22.8 percent to $234.4 million in the first three months of this year.   ...

The Royal Government of Cambodia identifies the automotive and electronics sectors as potential priority sectors for promoting Cambodia’s participation in the global value chain. ...

The Digital Economy and Business Committee under the National Digital Economy and Society Council is in the process of formulating Cambodia’s Financial Technology Development Policy and will organise the National Consultation Workshop on “Policy and Direction of Cambodia’s Financial Technology” next week, on April 26-27. ...

Cambodia counted nearly 4.6 million domestic tourists over this year’s three-day public holiday for the Khmer New Year, including 4.5 million Cambodians and nearly 30,000 foreign residents – a number which officials have said is similar to that seen pre-pandemic.   ...

The General Department of Customs and Excise of Cambodia (ACC) collected 2,428.6 billion Riels, equivalent to $597.6 million or approximately 23.2percent of the plan set by the Financial Law for 2022 management. ...

The total trade volume between Cambodia and its partners reached $13.162 billion in the first quarter of this year, up 9.1 percent compared to the same period last year. ...

Cambodia exported $291 million worth of goods to Japan in the first two months of this year, inching down 1.9 percent compared to the same period last year. ...

Cambodia exported 61,839 tons of dry rubber in the first quarter (Q1) of 2022, a slight increase of 1 percent compared to the same period last year, said a General Directorate of Rubber report on Monday. ...

Cambodia has imported iron and steel worth over $84 million in the first quarter of 2022 – an increase of over three per cent compared to the same period last year, according to the General Department of Customs and Excise (GDCE). ...

The first quarter of 2022 clocked over $13 billion in international trade, nine per cent more than last year, with exports jumping 25.7 per cent year-on-year. ...

Vietnam’s Ministry of Industry and Trade (MoIT) has issued a circular stipulating the import of rice and dried tobacco leaves originating from Cambodia under tariff quotas for 2021 and 2022. ...

The Council for the Development of Cambodia (CDC) has granted investment licences to four private companies. ...

The National Bank of Cambodia (NBC) has finally been delivered the 2019 “Best New Banknote” award received for its 15,000 riel banknote by representatives from the printing company Landqart AG after a long wait due to pandemic-induced border restrictions.   ...

Cambodia exports to the United States surged by 53.3 percent to $1,717.5 million in the first two months of this year, according to the figures from the US Census Bureau. ...

Cost of food in Cambodia increased 2.78 percent in December of 2021 over the same month in the previous year, according to the National Institute of Statistics of Cambodia. ...

The Cambodian government prioritised budget efficiency to ensure public financial sustainability, economic recovery and green development to ensure social-economic development, said Aun Pornmoniroth, Minister of Economy and Finance. ...

Prince Bank Plc invested an additional $35 million – totalling $50 million – in the Techo International Airport (TIA) Guaranteed Bond on Thursday. ...

Germany has announced their continued support for driving the export of Cambodian agricultural products to international markets, especially China. ...

Bilateral trade between Cambodia and the UK reached $141.74 million in the first two months of this year, up by 14.3 per cent versus the $123.95 million logged in January-February 2021, according to the General Department of Customs and Excise of Cambodia (GDCE).   ...

The Regional Comprehensive Economic Partnership (RCEP) free trade deal and bilateral free trade agreements(FTAs) will bring a lot of benefits to Cambodia in the long term, Asian Development Bank (ADB) acting country director for Cambodia Anthony Gill said on Wednesday. ...

Cambodia and the United Kingdom have committed to strengthening their bilateral cooperation to further boost the economic and trade development. ...

Preparation for the Preah Sihanouk Multi-Purpose Special Economic Zone masterplan is entering into the second phase, which illustrates the future of the plan, once the Ministry of Economy and Finance reviews and finalises the draft results from the report’s first phase. ...

Prime Minister Hun Sen has urged the transport ministry to find ways to upgrade the existing railway to a high-speed system in order to improve logistics infrastructure and facilitate Cambodia’s rapid socio-economic expansion.   ...