Ministry of Commerce

Commerce Minister asked officials at all border checkpoints to prevent and crackdown on expired products. Thong Thira, Banteay Meanchey’s head of Department of Commerce, said that about 71 percent of 700,000 people living in Banteay Meanchey are farmers. He said the province has big 20 ...

Garment industry, Cambodia’s largest foreign currency earner, reported a 20 percent rise in exports last year, according to the figures of the Ministry of Commerce on Monday. The Southeast Asian nation exported apparel products in equivalent to 5.53 billion U.S. dollars last year, up 20 percent ...

Cambodia has seen a 34 percent rise in dry rubber export last year thanks to rising demand globally, the figures of the Ministry of Commerce showed Thursday. The country had exported 74,200 tones of dry rubber last year, up 34 percent from 55,344 tones in a ...

Cambodia had issued operating licenses to 2,988 new companies last year, down 12 percent from 3, 386 in a year earlier, according to the Ministry of Commerce on Wednesday. Of the 2013 new business registrations, foreign businesses registered 1,448, down 9 percent, while local registrations fell ...

Cambodia’s Minister of Commerce Sun Chanthol said Tuesday that the country is expected to achieve its goal of exporting one million tons of milled rice in 2015. “The country had exported more than 400,000 tons in 2013 and there is two years more toward the goal, ...

Cambodian trade reached a total of $15.9 billion in 2013, equaling an 18 per cent rise from 2012, according to the Ministry of Commerce. Exports were valued at $6.9 billion, up from $5.5 billion a year earlier, with garment and textiles accounting for more than 80 ...

Cambodia had attracted some $427 million of investment from China last year, up 62 percent compared with the $263 million in a year earlier, according to a report by the Council for the Development of Cambodia (CDC). The cumulative Chinese investment in Cambodia has totaled $9.6 ...

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 ...

Cambodia’s garment manufacturers and trade unionists on Monday began a negotiation on pay rise for garment workers in 2014 but reached no any agreement because the union representatives demanded to double the current wage. The talk was made between the employers represented by Nang Sothy, co-chair ...

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. ...

The National Assembly will vote this month to decide whether the ruling CPP’s recently removed Minister of Industry, Mines and Energy, Suy Sem, will be appointed as the new Minister of Mines and Energy, CPP lawmaker Chheang Vun said Friday. Mr. Sem’s return to his old, ...

Following the announcement of recent reforms to Cambodia’s customs department and Commerce Ministry, a revision of the country’s investment law is planned for next year, according to the secretary-general of the Council for the Development of Cambodia (CDC). Speaking to reporters at a workshop at the ...

Against the backdrop of high electricity costs and energy imports, Cambodian businesses could save millions of dollars annually by implementing energy-efficient business practices, insiders said yesterday. “It is clear that energy efficiency has multiple benefits, not only to the tourism sector but also other economic sectors ...

In a bid to make Cambodia more business-friendly, the government will cut back on red tape and reduce industry membership costs, Sun Chanthol, the new minister of commerce, said yesterday. Speaking to representatives from the private sector at a conference at the InterContinental Hotel in Phnom ...

The price of food spiked this month, and Cambodia’s low-paid garment workers are feeling the effects. Meat, vegetables, toothbrushes, beauty accessories and even the plastic bags they get packed in have all seen a sharp bump up in price this month, some items by as much ...

Cambodia imported 1.31 billion tonnes of oil in the first 10 months of this year, a 2.2 per cent slide compared to 1.34 billion tonnes in the same period last year, according to data from the Ministry of Commerce. Industry experts said the drop did not ...

The CPP-dominated National Assembly on Wednesday approved a law that will see the Ministry of Industry, Mines and Energy split into two separate ministries, but has yet to decide who will head the new bodies. The CPP’s 68 lawmakers unanimously passed a measure that will see ...

Cambodia’s export has seen a 30 percent rise in the first 10 months of 2013 thanks to the surges in the exports of garment, milled rice, and rubber, trade data showed Wednesday. The Southeast Asian nation has exported goods in a total value of 5.87 billion ...