Economy and commerce
Trade
USAID grants $29M to boost Cambodia’s growth, aims for trade over aid
Cambodia’s path to economic transformation has taken a significant step forward with USAID administrator Samantha Power’s announcement of $50 million in new US government aid. ...
Hong Raksmey
https://www.phnompenhpost.com/business/usaid-grants-29m-to-boost-cambodia-s-growth-aims-for-trade-over-aid
Exports to Japan exceed $1 billion in first 9 months of 2024
Bilateral trade between Cambodia and Japan in the first nine months of 2024 amounted to nearly $1.6 billion, marking an increase of almost 20% compared to the same period in 2023, with Cambodia’s exports to Japan surpassing $1 billion. ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-to-japan-exceed-1-billion-in-first-9-months-of-2024
Cambodia exports over 2 million tonnes of fresh cassava in Q3
Cambodia’s fresh cassava market appears robust, which has seen significant growth in exports – up over 160 percent in the first three quarters of 2024. ...
Mom Kunthear
https://www.khmertimeskh.com/501579701/cambodia-exports-over-2-million-tonnes-of-fresh-cassava-in-q3/
Kingdom’s exports to EU touches $3.3B in Q3
Cambodia’s export to the European Union (EU) surged to $3.29 billion in the first three quarters of 2024, up nearly 20 percent from $2.79 billion compared to the same period last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501579698/kingdoms-exports-to-eu-touches-3-3b-in-q3/
Cambodia’s trade with RCEP countries rises to over $25 bln in first 9 months
Cambodia’s trade with Regional Comprehensive Economic Partnership (RCEP) countries hit $25.54 billion in the first nine months of 2024, up 17.1 percent over the same period last year, a report said on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501578603/cambodias-trade-with-rcep-countries-rises-to-over-25-bln-in-first-9-months/
Cambodia’s trade with ASEAN up 13 pct in Jan.-Sept.
Cambodia’s trade volume with its fellow ASEAN member states was valued at $11.72 billion in the first nine months of 2024, up 13 percent from $10.37 billion over the same period last year, said an official report released on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501578605/cambodias-trade-with-asean-up-13-pct-in-jan-sept/
Gold sees price surge amid global uncertainty, becomes “safe asset”
Over the past two to three years, the price of gold on the international market has steadily risen, driving up prices in Cambodia, even as the country exports refined gold to global markets. ...
Cambodia’s trade soars by 9.4%, worth $52 billion
Cambodia’s international trade with 170 countries exceeded $52 billion from August 2023 to July this year, an increase of 9.4 percent compared to the same period last year, said Neth Pheaktra, Minister of Information (MoI). ...
Nhean Chamrong
https://www.khmertimeskh.com/501577100/cambodias-trade-soars-by-9-4-worth-52-billion/
Cambodia earns over $397M from rubber exports in Q3
The Kingdom exported 248,535 tonnes of rubber products earning more than $397 million in the first three quarters of 2024, according to a report released by the General Directorate of Rubber on Friday. ...
Mom Kunthea
https://www.khmertimeskh.com/501577095/cambodia-earns-over-397m-from-rubber-exports-in-q3/
Cambodia makes $394 mln from rubber exports in January-September
Official data showed on Friday that Cambodia earned $394 million in revenue from exports of natural rubber latex in the first nine months of 2024, up 18 percent from $332.6 million in the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501576470/cambodia-makes-394-mln-from-rubber-exports-in-january-september/
Cambodia eyes boost in Australian investment
Australian ambassador to Cambodia Derek Yip expressed interest in Cambodia’s infrastructure development plans, as trade between the two countries exceeded $220 million in the first three quarters of 2024. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-eyes-boost-in-australian-investment
How Cambodia can achieve export diversification
Over the past decade, Cambodia has progressed in integrating into the global trade network and diversifying its exports beyond traditional products such as garments and textiles. Amid the changing global trade landscape, the country faces challenges such as trade disruptions and intensified competition. It is now ...
Khmer Times Staff
https://www.khmertimeskh.com/501575865/how-cambodia-can-achieve-export-diversification-2/
Cambodia-Vietnam trade crosses $5.8B in 9 months
Cambodia-Vietnam trade volume reached $5.81 billion, up 21.9 percent from $4.77 billion in the same period in 2023, according to a report of the General Department of Customs and Excise of Cambodia (GDCE). ...
Chea Vanyuth
https://www.khmertimeskh.com/501575872/cambodia-vietnam-trade-crosses-5-8b-in-9-months/
Cambodia-Vietnam trade reaches nearly $6 billion
The exchange of goods between Cambodia and Vietnam in the first three quarters of 2024 reached over $5.8 billion, a 20% increase compared to the same period in 2023, with Cambodia’s trade deficit amounting to over $360 million. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-vietnam-trade-reaches-nearly-6-billion
Cambodia-ASEAN mull revising tariff to monitor trade flow
Cambodia along with the Association of Southeast Asian Nations (ASEAN) are considering revising the customs tariff regulations aimed at updating the product code to strengthen the efficiency of monitoring trade activities globally. ...
Nhean Chamrong
https://www.khmertimeskh.com/501575234/cambodia-asean-mull-revising-tariff-to-monitor-trade-flow/
Cambodia, Laos to upgrade trade, investment ties
After the recent withdrawal from the development pact known as the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA), the Royal Government of Cambodia (RGC) shifted its stance to promote bilateral cooperation with the Lao People’s Democratic Republic (PDR) including the removal of double taxation, trade, tourism and ...
Nhean Chamrong
https://www.khmertimeskh.com/501571530/cambodia-laos-to-upgrade-trade-investment-ties/
PM urges ASEAN to maintain multilateral trading system
Prime Minister Hun Manet has called on the Association of Southeast Asian Nations (ASEAN) to maintain a just and inclusive multilateral trading system and to broaden trade cooperation with its partners. ...
Khmer Times Staff
https://www.khmertimeskh.com/501572478/pm-urges-asean-to-maintain-multilateral-trading-system/
Exports soar to nearly $20 billion in Q3
Cambodia exported goods worth approximately $19.8 billion during the first three quarters of 2024, up 17 percent from $16.9 billion recorded in the same period last year, a report from the General Department of Customs and Excise of Cambodia showed on Thursday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501572159/exports-soar-to-nearly-20-billion-in-q3/
Cambodia, Thailand hold talks to set up SEZs
Cambodia and Thailand Wednesday held talks on establishing special economic zones, enhancing people-to-people connections, promoting tourism, besides strengthening bilateral cooperation between the two countries. ...
Mom Kunthear
https://www.khmertimeskh.com/501572163/cambodia-thailand-hold-talks-to-set-up-sezs/
Cambodia's international trade continues positive growth
Cambodia’s bilateral trade with partner countries in the first nine months of 2024 reached nearly $41 billion, marking a year-on-year increase of over 16%, with a trade deficit of over $1 billion. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-s-international-trade-continues-positive-growth
Pundits: Jump in steel imports may not reflect real estate recovery
Cambodia imported more than $400 million worth of iron and steel in the first eight months of the year, an increase of nearly 60% on the same period last year. This has given some hope that the housing construction sector may be gradually picking up ...
Bicycle export earns $278M in first eight months
Cambodia exported $278 million worth of bicycles including electric bicycles in the first eight months of this year, a 30 percent decrease year-on-year compared to the same period last year, a report by the General Department of Customs and Excise showed. ...
Chea Vanyuth
https://www.khmertimeskh.com/501570205/bicycle-export-earns-278m-in-first-eight-months/
Bicycle export earns $278M in first eight months
Cambodia exported $278 million worth of bicycles including electric bicycles in the first eight months of this year, a 30 percent decrease year-on-year compared to the same period last year, a report by the General Department of Customs and Excise showed. ...
Chea Vanyuth
https://www.khmertimeskh.com/501570205/bicycle-export-earns-278m-in-first-eight-months/
MoC outlines tasks to secure trade preferences for post-LDC transition
The Ministry of Commerce (MoC) is negotiating with trading partners to secure favourable trade preferences during the country’s transition period from the Least Developed Country (LDC) status, which is set to end in 2029. ...
Chea Vanyuth
https://www.khmertimeskh.com/501570203/moc-outlines-tasks-to-secure-trade-preferences-for-post-ldc-transition/