Trade

Imports

Commerce Minister calls on checkpoint officials to crackdown on expired goods

Commerce Minister asked officials at all border checkpoints to prevent and crackdown on expired products. Son Chanthol, the Commerce Minister, made such comments during a meeting Tuesday with officials from Department of Commerce, Chamber of Commerce, and checkpoints in Banteat Meanchey province. He also asked his officials ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=OWFjOTZkZjI0OTh

Food Vendors Feel the Bite of Soaring Inflation

Two months ago, Sok Sathya spent less than a dollar for a kilogram of oranges to sell from his sidewalk stall across from a row of garment factories in Phnom Penh’s Meanchey district. Now the same oranges cost Mr. Sathya, 39, more than 6,000 riel, or ...

Hul Reaksmey and Colin Meyn
http://www.cambodiadaily.com/news/food-vendors-feel-the-bite-of-soaring-inflation-50773/

Cambodia's trade with foreign countries reaches nearly 16 bln USD last year

Cambodia’s trade volume with foreign countries amounted to 15.9 billion U.S. dollars last year, up 18 percent compared with 13.4 billion U.S. dollars in a year earlier, according to the report of the Commerce Ministry on Wednesday. The country had exported products in equivalent to 6.9 ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/15/c_133046741.htm

Mixed results for local dealerships

The new year has brought with it a mixed outlook for the vehicle market, as dealers post both positive and negative sales figures for 2013. Pily Wong, chief executive of Mercedes-Benz and Volkswagen distributor Hung Hiep (Cambodia), said sales had been seriously affected by the Kingdom’s ...

Chan Muy Hong
http://www.phnompenhpost.com/business/mixed-results-local-dealerships

Vietnamese Shops Worry Over Possible Violence

Vietnamese business owners and managers in Phnom Penh on Tuesday said they were concerned their shops could become potential targets of ethnically motivated violence as anti-Vietnamese sentiment among protesters increases, but added they would continue to operate as normal—for now. In recent weeks, there has ...

Ben Sokhean and Joshua Wilwohl
http://www.cambodiadaily.com/business/vietnamese-shops-worry-over-possible-violence-50301/

Cambodia's oil import down 2 pct in 2013

Cambodia imported 1.4 million tonnes of petroleum in the first eleven months of 2013, down 2 percent from the 1.43 million tonnes a year earlier, the data of the Commerce Ministry showed Sunday. During the January-November period, the country spent about 1. 34 billion U.S. dollars ...

Asean - China Centre News Staff
http://www.asean-china-center.org/english/2014-01/06/c_133021769.htm

Royal Group makes deal during PM’s official visit

A Royal Group subsidiary has signed a deal with two Vietnamese firms to import fertiliser, a senior official with the company said yesterday. Among several deals agreed to during Prime Minister Hun Sen’s trip to Vietnam this weekend, Nitrogen Chemicals and Fertilizer Cambodia Ltd, the subsidiary ...

Chan Muy Hong
http://www.phnompenhpost.com/business/royal-group-makes-deal-during-pm%E2%80%99s-official-visit

Cambodian, Chinese firms ink deals to jointly invest in agriculture

Two Cambodian companies on Monday signed Memorandums of Understanding (MoU) with Chinese companies to invest in the agricultural sector. One deal was inked between Chan Sothea, general director of Cambodia’s Century Rice Group, and Ivan, managing director of Shengen Yonglongxin Industrial Company. Under the agreement, the two ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-12/16/c_132972733.htm

For 2013, trade value to reach $16 billion

The value of Cambodia’s overall trade volume for 2013 is expected to reach $16 billion, according to the former Minister of Economy and Finance, Keat Chhon. The figure comes to a 14.4 per cent rise from last year. ...

Chan Muy Hong
http://www.phnompenhpost.com/business/2013-trade-value-reach-16-billion

Cargo shipments at Cambodia's two largest ports see remarkable rise in 11 months

The Sihanoukville Autonomous Port, Cambodia’s largest shipping facility, on Tuesday reported a 12 percent rise in cargo shipments in the first eleven months of 2013. The state-owned sea port had received 2.73 million tonnes of goods during the January-November period this year, up from 2.43 million ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/131210/cargo-shipments-at-cambodias-two-largest-ports-see-remarkabl

Avis pulling into town

International car rental operator Avis is bringing its brand to Cambodia and Laos, according to a statement released last week from local licensee RMA Group. If the deal is seen through, Avis would be the first global car rental company to compete in the Kingdom. The company ...

Eddie Morton
http://www.phnompenhpost.com/business/avis-pulling-town

Cambodia-U.S. bilateral trade up 2 pct

Trade between Cambodia and the United States was valued at 2.55 billion U.S. dollars in the first ten months of 2013, up 2 percent from 2.49 billion U.S. dollars over the same period last year, the figures of the U.S. Department of Commerce showed Friday. Cambodia’s ...

The Global Post
http://www.globalpost.com/dispatch/news/xinhua-news-agency/131206/cambodia-us-bilateral-trade-2-pct

UD Trucks to arrive in Kingdom

Japan-based UD Trucks Corporation is planning on selling its new heavy duty transport vehicle, the 2013 UD Quester, in Cambodia. Volvo Group-owned UD Trucks also launched the latest versions of the UD Quon, UD Fuel Demonstrator, UD Quester and Volvo FH at the Tokyo Motor Show ...

Chhim Sreyneang
http://www.phnompenhpost.com/business/ud-trucks-arrive-kingdom

Japan's Yusen Logistics launches Cambodia to Osaka service

Japan’s Yusen Logistics Co Ltd has announced the launch of less-than-container-load (LCL) services between Cambodia and the western Japanese city of Osaka. The new lane follows the start of the company’s operation in Cambodia earlier this month and boosts its LCL network to 222 lanes, ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NmZhNDRhODA1ZDI

Local production still lagging

As the cost of imports rise, local producers could see an opportunity to increase their market share, but for most a lack of output and quality means potential is limited, industry observers said yesterday. Customs officers who had often undercut the official rate are now ...

Hor Kimsay
http://www.phnompenhpost.com/business/local-production-still-lagging

Land Rover, Jaguar enter Cambodia

Following the recent wave of luxury car brands entering the Cambodian market, RMA Cambodia’s CEO said yesterday that the firm will bring in UK brands Land Rover and Jaguar by opening a showroom before the end of the year. The newly appointed official authorised dealer will ...

Anne Renzenbrink
http://www.phnompenhpost.com/business/land-rover-jaguar-enter-cambodia

Salt farmers fear little output due to rainfall

As salt farmers in Kep and Kampot provinces prepare for the upcoming salt season, they have expressed concerns that unstable weather conditions could cause a supply shortage on the growing domestic market. Salt production in Cambodia usually starts in early January and ends in late ...

Chan Muy Hong
http://www.phnompenhpost.com/business/salt-farmers-fear-little-output-due-rainfall

Cambodia's trade with Vietnam reaches 2.7 bln USD in 9 months

Bilateral trade volume between Cambodia and its neighboring Vietnam has hit 2.7 billion U.S. dollars in the first nine months of the year, up 10 percent compared with the 2.45 billion U.S. dollars over the same period last year, a Cambodian trade official said Thursday. Kem ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/14/c_132887645.htm

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