Economy and commerce

Cambodia’s exports to Singapore rose by an impressive 554.8 percent in the January to August period this year compared to the same period in 2022 – from $72.83 million to $476.90 million. ...

Hun Sen, President of the Supreme Privy Council of His Majesty the King, has encouraged the Japanese investors to invest in Cambodia’s two key areas, including the establishment of factories for raw material processing, and advanced technology such as car assembly plants, production of electronic ...

Extreme heat and flooding could erase $65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures and factories close, research from Schroders and Cornell University showed on Wednesday. ...

A global smart energy solutions firm, Chinese-owned CHINT Group Co Ltd, is leveraging the Kingdom’s energy production capacity to support the rapid demand growth for medium-voltage power equipment in the country, as well as Thailand, Laos and Myanmar. ...

A senior official from the Koh Kong Provincial Administration has revealed that the government has plans to establish two additional special economic zones (SEZs) in Botum Sakor district. ...

Toyota assembly plant at Phnom Penh Special Economic Zone will be inaugurated in 2024. ...

In the latest meeting of the National Council on Minimum Wage (NCMW) regarding 2024 wage determination for the textile, garment, bag, footwear and travel goods sectors, both parties have reached an agreement to conclude negotiations by September 28. ...

Exports from Cambodia to the US in the first eight months of 2023 dipped 4.8 per cent to $6.1 billion, compared to the same period in 2022, according to the General Department of Customs and Excise of Cambodia (GDCE). ...

Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, on Sep 11, visited Sihanoukville Port Special Economic Zone. ...

Establishing “Industrial Development Corridor” and “Fish and Rice Corridor” with China is essential to enhance Cambodia’s capacity for independent development, contributing to boosting the kingdom’s socioeconomic development at a faster pace, experts said on Tuesday. ...

The total trade volume between Cambodia and its partners around the world reached almost $32 billion in the first eight months of 2023, down 14.5 percent compared to the same period last year. ...

International airports in Phnom Penh, Siem Reap and Sihanoukville welcomed a combined 3.4 million passengers in the eight-month period of this year, a staggering 180 percent increase over the same period in 2022, a senior official at the State Secretariat of Civil Aviation said. ...

Cambodia’s exports of garments, footwear and travel goods (GFT) continue to decline with the January to August period showing a setback of 19.28 percent, compared to the performance of the sector during the same period last year. ...

At least 1.6 million tonnes of rice was exported from Prey Veng province to Vietnam, earning nearly $400 million by the first nine months of 2023. This is according to the report of the Department of Agriculture, Forestry and Fisheries of Prey Veng Province on ...

Cambodia registered 3.4 million air travelers during the first eight months of 2023, a year-on-year increase of 180 percent, said a report released by the State Secretariat of Civil Aviation on Monday. ...

Cambodia has 24 special economic zones (SEZ) operating from 2016 to the end of the first half of 2023, with capital investment of $8.1 billion, mainly in sectors such as garment, footwear and travel products, auto parts, electronics, car tyre manufacturing, automotive and bicycle assembly. ...

Prime Minister Hun Manet said last Saturday that he along with the top officials from public and private sector institutions promoted various sectors of Cambodia’s economy during 18 bilateral and multilateral meetings out of the 34 on-the-sidelines meetings during the 43rd ASEAN Summit and Related ...

Trade between Cambodia and international partners in the first eight months of 2023 amounted to nearly $32 billion, down 14.5 per cent compared to $37.4 billion in the same period in 2022, although the General Department of Customs and Excise of Cambodia (GDCE) contended that ...

Local rice miller and exporter Amru Rice (Cambodia) Co Ltd is looking forward to increasing fragrant rice exports to Australia, a market with high growth potential for aromatic rice. ...

The Council for the Development of Cambodia (CDC) and China’s ministry of commerce are expected to sign six more memoranda of understanding (MoUs) to enhance comprehensive investment cooperation that covers the promotion of investment in the digital sector, new types of industrialisation, green development and ...

Cambodia exported products worth $15.7 billion in the first eight months of 2023, a slight increase of 0.3 percent from $15.64 billion in the same period last year, said a General Department of Customs and Excise’s report released on Friday. ...

In order to take advantage of Cambodia’s potential as a gateway to ASEAN through a number of significant free trade agreements and initiatives that the leaders of the two countries are working on, the Indian ambassador to Cambodia has urged Indian investors to grasp commercial ...

Cambodia exported 401,699 tonnes of milled rice in the first eight months of 2023, earning a total revenue of $278.6 million, the Cambodia Rice Federation (CRF) said in a news release on Saturday. ...

Kampong Speu provincial governor Vei Samnang has returned from his fact-finding trip in China as part of his plans to attract foreign investment.​ While in Henan, China’s third-most populous province, Samnang took to social media to announce that the Henan Federation of Overseas Chinese Entrepreneurs – ...