Economy and commerce
Trade
Red corn ‘vital’ agro product: official
Yang Saing Koma, a secretary of state for the Ministry of Agriculture, Forestry and Fisheries, highlighted the significance of red corn as a vital agricultural product. ...
Van Socheata
https://www.phnompenhpost.com/business/red-corn-vital-agro-product-official
Joint building of Belt and Road highlighted
President Xi Jinping called on Thursday for China and Cambodia to maintain high-level strategic communication and cooperate on the Belt and Road joint building to promote common development. ...
Khmer Times Staff
https://www.khmertimeskh.com/501379752/joint-building-of-belt-and-road-highlighted/
Vietnam, Cambodia keen to use local currency for trade: Malaysian PM
Vietnam and Cambodia are keen to use their local currency for trading with Malaysia to reduce dependence on the US dollar, according to Malaysian Prime Minister Datuk Seri Anwar Ibrahim. ...
Khmer Times Staff
https://www.khmertimeskh.com/501380454/vietnam-cambodia-keen-to-use-local-currency-for-trade-malaysian-pm/
Cambodia makes $320.5 mln from rubber exports in first 9 months
Cambodia exported 242,304 tons of dry rubber in the first nine months of 2023, up 3.5 percent from 234,100 tons over the same period last year, said a report from the General Directorate of Rubber on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501379483/cambodia-makes-320-5-mln-from-rubber-exports-in-first-9-months/
Vietnam, Cambodia considering using local currency for trade
Prime Minister Datuk Seri Anwar Ibrahim said Vietnam and Cambodia have shown interest in using their local currency for trading purposes as a step to reduce dependence on the US dollar. ...
Khmer Times Staff
https://www.khmertimeskh.com/501378237/vietnam-cambodia-considering-using-local-currency-for-trade/
PM: Cambodian entrepreneurs to use Alibaba e-commerce platform to take full advantage of international market
Prime Minister of Cambodia, Dr. Hun Manet, received Ms. Wen Jia, President of the Public Affairs Department of Alibaba Group, on the side-lines of the 3rd Road and Belt Forum for International Coordination in Beijing, China yesterday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501378260/pm-cambodian-entrepreneurs-to-use-alibaba-e-commerce-platform-to-take-full-advantage-of-international-market/
Cambodia sees soaring demand for electrical factory machinery
In the first nine months of 2023, Cambodia witnessed a substantial uptick in its imports of electrical machinery, equipment and related products from the international market, totalling more than $1.1 billion. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-sees-soaring-demand-electrical-factory-machinery-0
Cambodia, Türkiye aim for two-way trade goal of $1 billion
This was the spirit of the recent talks here between HE SOK Chenda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, and Ms. Ülkü Kocaefe, Ambassador of the Republic of Türkiye. ...
AKP
https://www.khmertimeskh.com/501376155/cambodia-turkiye-aim-for-two-way-trade-goal-of-1-billion/
Nearly 43% decline in bicycle exports
Cambodia exported bicycles worth $424 million to foreign markets in the first nine months of 2023, a drop of 42.8 percent compared to the same period last year which recorded $742 million, said a Ministry of Commerce’s report yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501375670/nearly-43-decline-in-bicycle-exports/
Cambodia-US trade recovery underway, with export growth
Cambodia-US trade during the first nine months of 2023 reached $7.08 billion, marking a 3% dip from the $7.3 billion in the corresponding period of 2022, as per the General Department of Customs and Excise (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-us-trade-recovery-underway-export-growth
GFT exports decline 17.81% triggering more job loss fears
Cambodia’s exports of garments, footwear and travel goods (GFT) continued the slide as the January to September period recorded a decline of 17.81 percent, compared to the same period last year, triggering fears of more job losses and factory closures. ...
Manoj Mathew
https://www.khmertimeskh.com/501375664/gft-exports-decline-17-81-triggering-more-job-loss-fears/
Cambodia’s garment, footwear, and travel goods exports are down 17.8 percent in the first nine months
Cambodia exported $8.14 billion worth of garment, footwear, and travel products to international markets in the first nine months of 2023, down 17.8 percent from last year, according to the Ministry of Commerce on Wednesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501375252/cambodias-garment-footwear-and-travel-goods-exports-are-down-17-8-percent-in-the-first-nine-months/
UNIDO join hands with CAC to boost cashew kernel export
The United Nations Industrial Development Organisation (UNIDO) collaborated with the Cashew nut Association of Cambodia (CAC) to boost the export of cashew kernel by 12 percent by 2025 by providing technical support and management systems to the owners of the micro, small and medium enterprises ...
Nheng Chamrong
https://www.khmertimeskh.com/501373709/unido-join-hands-with-cac-to-boost-cashew-kernel-export/
Cambodia’s international trade reaches $35 billion in nine months
Cambodia’s international trade totalled more than $35.16 billion in the first nine months of this year, inching down 3.5 percent from the same period last year, the General Department of Customs and Excise’s report showed on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501374641/cambodias-international-trade-reaches-35-billion-in-nine-months/
Cambodia exports down 0.8 pct in first 9 months
Cambodia exported $16.94 billion worth of goods in the first nine months of 2023, a slight drop of 0.8 percent from $17.07 billion in the same period last year, said a General Department of Customs and Excise’s report released on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501374605/cambodia-exports-down-0-8-pct-in-first-9-months/
Rice showcased at German expo
Hopes are high among the Cambodia Rice Federation (CRF) and leading industry players that the country’s fragrant and organic rice could expand its European market presence, following the Anuga Food Trade Fair 2023 in Cologne, Germany. ...
May Kunmakara
https://www.phnompenhpost.com/business/rice-showcased-german-expo
Exports to S Korea help reduce current trade deficit: pundit
Trade between Cambodia and South Korea reached nearly $504 million in the first eight months of 2023, marking an 8.4 per cent decline over the same period last year, according to the General Department of Customs and Excise (GDCE). Despite this, Cambodian exports surged by ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-s-korea-help-reduce-current-trade-deficit-pundit
Cambodia-China FTA brings growth
Nearly two years have passed since the Cambodia-China Free Trade Agreement (CCFTA) came into effect in early January 2022. This period has witnessed significant growth in bilateral trade, as well as a surge in Chinese investment in Cambodia. ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-china-fta-brings-growth
Brunei Chamber is looking to explore ties with the Cambodian business community
The National Chamber of Commerce and Industry Brunei Darussalam (NCCIBD) looks forward to exploring avenues of cooperation with the business community in Cambodia, its Secretary General Haji Abdul Halim bin Haji Saim said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501374007/brunei-chamber-is-looking-to-explore-ties-with-the-cambodian-business-community/
Cambodia, Italy satisfied with bilateral relations
Cambodia and Italy are satisfied with their growing relations and are looking for ways to strengthen further and expand their cooperation. ...
Khmer Times Staff
https://www.khmertimeskh.com/501372644/cambodia-italy-satisfied-with-bilateral-relations/
Cambodia’s export to fellow RCEP members reaches $5.26 billion
Cambodia exported $5.26 billion worth of goods to fellow member countries of the Regional Comprehensive Economic Partnership (RCEP) in the first eight months of 2023, up 22 percent from $4.3 billion the same period last year, according to the latest report by the Ministry of ...
Khmer Times Staff
https://www.khmertimeskh.com/501372630/cambodias-export-to-fellow-rcep-members-reaches-5-26-billion/
Kingdom earns $327.4M from rice export in 9 months
Cambodia has exported 456,581 tons of milled rice in the first nine months of 2023, bagging a total revenue of $327 million, the Cambodia Rice Federation (CRF)’s press release said. ...
Chea Vanyuth
https://www.khmertimeskh.com/501373248/kingdom-earns-327-4m-from-rice-export-in-9-months/
China’s BRI contributes tremendously to Cambodia’s economic, social development
China’s Belt and Road Initiative (BRI) has contributed tremendously and timely to Cambodia’s economic and social development, with achievements enjoyed by the government and people of the Southeast Asian country, Cambodian Deputy Prime Minister Aun Pornmoniroth has said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501372819/chinas-bri-contributes-tremendously-to-cambodias-economic-social-development/
RCEP gives extra boost to regional trade development in Cambodia
The Regional Comprehensive Economic Partnership (RCEP) agreement, which took effect last year, has given an extra boost to trade exchanges in the region, a Cambodian senior official and experts said on Saturday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501372824/rcep-gives-extra-boost-to-regional-trade-development-in-cambodia/