Economy and commerce
Trade
Import of petrol, diesel up 23 percent to $1 billion
Cambodia’s imports of petroleum and diesel were up 23 percent to $1.06 billion in the first five months this year, according to a report from the General Department of Customs and Excise (GDCE). ...
Chea Vanyuth
https://www.khmertimeskh.com/501509730/import-of-petrol-diesel-up-23-percent-to-1-billion/
Call to boost Cambodia, Malaysia economic ties
Senate President Hun Sen recently called for steps to further strengthen economic ties between Cambodia and Malaysia even as he expressed satisfaction with the growth of investment from Malaysia and the bilateral trade volume, especially Malaysia’s purchase of rice from Cambodia. ...
Mom Kunthea
https://www.khmertimeskh.com/501508286/call-to-boost-cambodia-malaysia-economic-ties/
Cambodia, Singapore vow to boost bilateral investment cooperation
Cambodia and Singapore are committed to fostering their cooperation in promoting bilateral investment by starting from priority areas for mutual socio-economic benefits. ...
Khmer Times Staff
https://www.khmertimeskh.com/501508571/cambodia-singapore-vow-to-boost-bilateral-investment-cooperation/
Cambodia records trade surplus with Vietnam
Cambodia has recorded a trade surplus with Vietnam in the first five months of 2024, making Vietnam the second biggest market for Cambodia’s products after the US. ...
Chea Vanyuth
https://www.khmertimeskh.com/501505080/cambodia-records-trade-surplus-with-vietnam/
Increased iron, steel imports hint at construction sector revival
Cambodia imported iron and steel worth close to $168 million in the first four months of 2024, the General Department of Customs and Excise (GDCE) reported recently. ...
James Whitehead
https://www.khmertimeskh.com/501504480/increased-iron-steel-imports-hint-at-construction-sector-revival/
Bicycle exports down 37 percent in Jan-May
Cambodia’s bicycle exports fell 37 percent year-on-year in the first five months this year, said a report of the General Department of Customs and Excise (GDCE). ...
Chea Vanyuth
https://www.khmertimeskh.com/501505084/bicycle-exports-down-37-percent-in-jan-may/
Cambodia’s GFT exports jump 20.69 percent
The exports of garments, footwear and travel goods (GFT) rose by 20.69 percent in the first five months of this year, compared to the same period last year, earning the Kingdom $4.89 billion, according to the trade data released by the General Department of Customs ...
Manoj Mathew
https://www.khmertimeskh.com/501503732/cambodias-gft-exports-jump-20-69-percent/
Cambodia’s economic activity up but education needs strengthening for long-term growth
Cambodia’s economic activity picked up in the first quarter of 2024, but the education sector, which sits at the center of development, needs to be strengthened. ...
Cambodia’s trade goes up 12% in five months
Cambodia’s international trade has seen a significant increase in the first five months of 2024, growing by 12 percent compared to the same period last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501501031/cambodias-trade-goes-up-12-in-five-months/
Chanthol pushes for export of pepper, bananas into US market
Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) urged Patrick Murphy, Executive Vice President of Rice and Grain Global Sourcing at Otis McAllister to consider the possibility of exporting more agricultural products into the United States ...
Nhean Chamrong
https://www.khmertimeskh.com/501501033/chanthol-pushes-for-export-of-pepper-bananas-into-us-market/
Cambodia’s trade with fellow RCEP members up 14.2 pct in first 5 months
A Ministry of Commerce report released on Wednesday said Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) countries rose to $14.17 billion in the first five months of 2024, up 14.2 percent from $12.4 billion over the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501501299/cambodias-trade-with-fellow-rcep-members-up-14-2-pct-in-first-5-months/
Kingdom, Turkey keen on $1B trade goal, direct flights
Cambodia and Turkey have agreed to increase bilateral trade with an annual target of $1 billion and also moved ahead with plans to operate direct flights between Phnom Penh and Istanbul. ...
Nhean Chamrong
https://www.khmertimeskh.com/501497762/kingdom-turkey-keen-on-1b-trade-goal-direct-flights/
Cambodia seeks Chinese investment in EV sector
Cambodia has invited Chinese investors to look into the opportunities unfolding in the electric vehicle (EV) sector in the country. ...
Manoj Mathew
https://www.khmertimeskh.com/501498921/cambodia-seeks-chinese-investment-in-ev-sector/
Cambodia strengthens trade ties with Pakistan, Bangladesh
The Ministry of Commerce (MoC) yesterday inked an agreement with Pakistan to establish a joint committee aimed at elevating trade cooperation. ...
Nhean Chamrong
https://www.khmertimeskh.com/501496424/cambodia-strengthens-trade-ties-with-pakistan-bangladesh/
GDCE workshop updates officials on e-payment
In an effort to ensure customs and excise officials are updated on the latest in payments, the National School of Customs, General Department of Customs and Excise of Cambodia (GDCE), on Monday organized a workshop. ...
Rachel David
https://www.khmertimeskh.com/501496412/gdce-workshop-updates-officials-on-e-payment/
Minister of Commerce recommends five points to promote the export of Cambodian products
Cham Nimul, Minister of Commerce, on May 27, presided over the opening ceremony of the seminar on “Beyond Borders: Bringing Cambodian Products to Global Markets through Alibaba.com, ”which was attended by leaders of the Ministry of Commerce, representatives of the Ministry of Posts and Telecommunications, ...
Khmer Times Staff
https://www.khmertimeskh.com/501495567/minister-of-commerce-recommends-five-points-to-promote-the-export-of-cambodian-products/
Cambodia asks Vietnam to increase bilateral trade volume to $20 billion
Cambodia has asked Vietnam to increase their bilateral trade volume to $20 billion shortly. ...
Khmer Times Staff
https://www.khmertimeskh.com/501494487/cambodia-asks-vietnam-to-increase-bilateral-trade-volume-to-20-billion/
China promises to expand investments in Kingdom
China is ready to encourage more companies to expand investment in the Kingdom, boosting the economic corridors, accelerating the industrialisation process and strengthening cooperation in railways, roads, energy and agriculture. ...
Nhean Chamrong
https://www.khmertimeskh.com/501495145/china-promises-to-expand-investments-in-kingdom/
Cambodia, US to strengthen trade, investment cooperation
Cambodia and the United States have reaffirmed their commitment to bolster cooperation in trade and investment. ...
Chea Vanyuth
https://www.khmertimeskh.com/501495143/cambodia-us-to-strengthen-trade-investment-cooperation/
Kingdom, Korea to establish trade consultation channel soon
Cambodia and South Korea will have ‘Regular Consultation Sessions’ aimed at boosting trade and investment cooperation between the two countries. ...
Nhean Chamrong
https://www.khmertimeskh.com/501491711/kingdom-korea-to-establish-trade-consultation-channel-soon/
Kingdom, Korea ink 6 agreements
Prime Minister Hun Manet and Yoon Suk Yeol, President of the Republic of Korea yesterday witnessed the signing of four Memoranda of Understanding (MoUs) and two other agreements aimed at expanding multifaceted cooperation in financial development, investment flow, intellectual property, drug management, vocational training and ...
Nhean Chamrong
https://www.khmertimeskh.com/501489818/kingdom-korea-ink-6-agreements/
Cambodia’s RCEP trade up 14%
Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) countries rose by 13.98 percent to $11.19 billion, a report from the Ministry of Commerce said. ...
Chea Vanyuth
https://www.khmertimeskh.com/501489816/cambodias-rcep-trade-up-14/
Cambodian pepper looks for market in Malaysia
The Cambodia Pepper and Spices Federation (CPSF) has sought ways to promote Cambodia’s peppercorn in the Malaysian market, stressing that this ASEAN nation has potential for organic pepper. ...
Chea Vanyuth
https://www.khmertimeskh.com/501489150/cambodian-pepper-looks-for-market-in-malaysia/
Cambodia, South Korea sign memorandum of understanding on six documents
The Government of Cambodia and the Republic of Korea (ROK) signed a Memorandum of Understanding (MoU) on six documents on the morning of May 16, under the chairmanship of Cambodian Prime Minister Hun Manet and South Korean President Yoon Suk Yeol. ...
Khmer Times Staff
https://www.khmertimeskh.com/501489599/cambodia-south-korea-sign-memorandum-of-understanding-on-six-documents/