Economy and commerce

Along with the development of modern technology, businesses in the agricultural sector have also introduced agricultural drone as a tool to assist the sector. Growing as well as reducing costs and saving time. ...

With the Covid-19 pandemic expected to leave long-term impacts on global investment patterns and consumer behaviour, the CLMVT countries are counting on closer economic cooperation within Southeast Asia to help them benefit from each other’s strengths. ...

Vietnam’s overseas investment surged 74.1 percent year on year to $575 million in the first eight months of 2021, according to the Ministry of Planning and Investment. ...

Switch Garment, together with The Energy and Resources Institute (TERI) and the Institute of Technology of Cambodia (ITC) kicked off this month a series of energy audits which will take place in garment factories across Cambodia, according to a press release issued this week. ...

Switch Garment, in collaboration with New Delhi-based The Energy and Resources Institute (Teri) and the Institute of Technology of Cambodia (ITC), kicked off a series of energy audits in Cambodian garment factories.   ...

The new Law on Investment is expected to come into force next year, 10 years after the government embarked on a plan to repeal the existing statute, which was enacted in 1994, and amended in 2003.   ...

Southeastern Phnom Penh’s colossal 125ha Koh Norea satellite city project is pressing ahead, with river filling on track to be completed by the end of this year, according to Touch Samnang, deputy director-general of developer Overseas Cambodian Investment Corp Ltd (OCIC). ...

The Cambodia-Australia Agricultural Value Chain (Cavac) programme on August 25 released a study identifying nine high-value crops with strong export potential in China, the EU, ASEAN, Australia and New Zealand.​ ...

Cambodia is due to host the 3rd Joint Working Group Meeting of the Cambodia-Eurasian Economic Union (EAEU) Commission on September 7-8, which will focus on trade and investment cooperation. ...

The Council for the Development of Cambodia (CDC) has approved final registration certificates for 12 projects with capital investment of over $79 million this month as of August 23, which could generate a reported 4,048 new jobs. ...

Bilateral trade between Cambodia and South Korea was worth $552.1 million in the first seven months of this year, growing by nearly 11 per cent on a yearly basis from $498.75 million, according to the Korea International Trade Association (Kita). ...

Digital technology will play an increasingly important role in spurring economic recovery after the COVID-19 crisis as well as promoting a new, sustainable and more resilient economy, President of the Cambodian National Assembly Heng Samrin said at the first plenum of the 42nd General Assembly ...

The Ministry of Posts and Telecommunications, Australian Agency for International Development (AusAID), and the UN Development Programme (UNDP) on August 18 launched an open joint effort to build an inclusive digital ecosystem aimed at sparking the development of a robust post-Covid-19 economy. ...

Cambodia exported 140,000 tons of fresh mangos, or 86.8 percent of its total exports of the fruit, to Vietnam in the first seven months of this year. ...

Ministry of Agriculture, Forestry, and Fisheries has called on private sector to invest in processing facilities for longan, while is also in talks to export the fruit to more international markets. ...

A programme to promote cross-border trade connectivity between India and countries in the Greater Mekong Sub region (GMS) was jointly held by trade promotion agencies of Cambodia, Vietnam, India and Thailand on August 19. ...

Cambodia expects Thailand to allow Pailin longan imports into its market as usual, after China on August 17 partially lifted a ban on Thai longan that it imposed four days earlier over contamination with mealybugs. ...

Cambodia is getting ready to launch a 2021-2023 plan to lift the economy out of the Covid-19 rut and chart a course for sustainable and inclusive growth, according to Minister of Economy and Finance Aun Pornmoniroth. ...

Cambodia’s “well-strategised and rapidly-executed” Covid-19 vaccination programme are set to underpin economic growth that may top six per cent next year, eclipsing the preponderance of regional and global peers, according to a new report from consulting firm Mekong Strategic Partners Co Ltd (MSP). ...

As a member of the world’s largest trade deal, Cambodia’s post-pandemic economic reality is likely to be forged by the 15-nation deal that will encompass about 30 percent of global gross domestic product, according to experts. ...

Digital payments are becoming crucial to the management of daily expenses, especially during Covid-19 when social distancing is the norm, according to National Bank of Cambodia (NBC) director-general Chea Serey. ...

Four live pig importers submitted a joint letter to the ministries of Economy and Finance, and Commerce requesting a tender in principle to bring in hogs from abroad to better cover domestic market demand. ...

Cambodia’s economic growth is projected to see robust growth next year because of economic recovery resulting from the government’s Covid-19 vaccination programmme. ...

Six companies with securities listed on the Cambodia Securities Exchange (CSX) reported a recovery in business performance in the second quarter of this year over the early days of the health crisis, on the back of the rapid pace of the Covid-19 vaccination programme in ...