Economy and commerce

Cambodian Prime Minister Hun Manet raised two initiatives to promote trade and investment of Korean investors in Cambodia. The premier spoke at the opening ceremony of the Cambodia-Republic of Korea Business Forum on 16 May 2024 in Seoul, South Korea.​ ...

Prime Minister Hun Manet yesterday said that the bilateral trade volume between the Republic of Korea and Cambodia reached approximately $751 million while Korea’s foreign direct investment (FDI) in the Kingdom recorded $30 million last year, taking the total FDI from the country to $5 ...

As Cambodia diversifies, share of agricultural loans in rural credit falls from 35.8 percent to 31 percent in five years, as per data with the National Bank of Cambodia (NBC). ...

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 ...

Cambodia Prime Minister Hun Manet paid a courtesy call to MARN Ki-jeong, President of the Korea Industrial Alliance Forum (KIAF), during his official visit to Seoul, Republic of Korea, on May 17, 2024. ...

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. ...

The Asian Development Bank forecast last month that Cambodia would have one of the lowest inflation rates in Southeast Asia this year if global fuel prices remain stable.​ ...

The homestay market in Cambodia is projected to surpass $59.3 million in earnings this year and in the next four years, it will surge to $81.34 million. ...

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. ...

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. ...

Cambodia exported garment, footwear, and travel products (GFT) worth $3,763 million in the first four months of 2024, up 17 percent from the $3,211 million reported a year earlier, according to a report released by the Ministry of Commerce on Wednesday. ...

Cambodia earned over $3.36 billion from exports to members of the Regional Comprehensive Economic Partnership (RCEP) in the first four months this year, up 16.2 percent from $2.89 billion recorded in the same period in 2023. ...

Authorities are calling on all people to register for the social protection system to enjoy the health benefits, among others, that they can enjoy. ...

Prime Minister Hun Manet recently urged investors from the United Arab Emirates (UAE) to invest in Cambodia’s priority sectors such as tourism, agriculture, technology and clean energy infrastructures that can generate jobs in the country. ...

The Ministry of Commerce has been training youngsters so that they are aware of Cambodia’s trade regulations and guidelines, governing the country’s trade and export-oriented markets. ...

A delegation from the International Silk Union (ISU) and the Cathaya Group, a Chinese company specialised in silk textiles and biotechnology, met with the Council for the Development of Cambodia (CDC) on Monday to discuss the possibility of expanding investment projects in the silk and ...

Cambodia generated revenue of $870 million from both rice and paddy exports of which 80 percent of the revenue was generated from paddy export while only 20 percent came from rice, a sum of 2.64 million tonnes in the first four months this year. ...

The new financial development strategy for the next five years aims to help the financial sector bag greater achievements as it supports inclusive economic development, contributing to reducing poverty nationwide, said Chea Serey, Governor of the National Bank of Cambodia (NBC). ...

International Mother’s Day was marked with a bustling marketplace for small and medium business enterprises (SMEs) on Sunday at Raffles Hotel Le Royal. ...

A delegation from Hyuckjin Energy Plant Engineering, a company that deals with environmentally specialized businesses with high-tech and ecotechnology is keen on converting Cambodia’s waste into clean energy, using about 100 tonnes of waste to create 25 megawatts of electricity per day. ...

The state-owned Credit Guarantee Corporation of Cambodia (CGCC), Cambodia Rice Federation (CRF) and participating financial institutions (PFIs) signed an agreement on the $30 million Rice Export Guarantee Scheme (REGS) to help millers stockpile rice for milling, processing, exporting and making local value-added products. ...

“Cambodia International Trade Fair 2024” has gathered over 2,500 international business operators from 16 countries to explore investment opportunities in the Kingdom. ...

On May 10, Hem Vanndy, Minister of Industry, Science, Technology & Innovation (MISTI), received representatives from Hainan Litree Purifying Technology Co., Ltd. and discussed the company’s interest in expanding its investment in Cambodia’s clean water sector. ...

Visa, a world leader in digital payments, is introducing resources to help Cambodian merchants and tiny and medium-sized businesses (SMBs) take full advantage of Visa’s digital payment solutions to optimize the customer shopping experience and increase sales, particularly in the tourism sector. ...