Economy and commerce

Prahok is being reprocessed by a local company to reduce its pungent smell to make it ready for export. ...

Cambodia received more than 2.16 million international visitors during the first five months of the year, representing 75 per cent of numbers recorded in the same period of the pre-pandemic year of 2019. Minister of Tourism Thong Khon said the ministry hopes to see the ...

Giving a big boost to tourism prospects, Cambodia announced that its international tourism earnings reached $1.41 billion in 2022. .. ...

Cambodia has launched the third phase of online business registration by including an additional 12 relevant ministries and institutions to facilitate business procedures in Cambodia. ...

Deputy Prime Minister and Minister of Economy and Finance (MEF) Aun Pornmoniroth said yesterday that Cambodia’s annual economic growth per person or GDP per capita has been forecasted to increase to $1,932 in 2023 from $1,784 in the previous year, even as inflation has been ...

The number of international tourists to Cambodia is predicted to surpass the pre-COVID-19 pandemic level in 2025, the country’s Tourism Minister Thong Khon said on Wednesday. ...

Cambodia’s exports to Thailand hit $480.239 million in the first five months of 2023, up 9.47 percent year-on-year (YoY) from $438.705 million and up to 84.47 percent half-on-half (compared to July to November 2022) from $260.33 million. ...

Cambodia exported 107,938 tons of dry rubber in the first five months of 2023, up 2.5 percent from the 105,248 tons recorded in the same period last year, said a report from the General Directorate of Rubber on Wednesday. ...

The merchandise trade volume between Cambodia and Malaysia was worth $620.373 million last year—a rise of 23.33 per cent year on year (YoY). ...

Cambodia earned $260 million from the exports of natural rubber and rubber articles in the first five months of the year, a surge of 41.4 percent compared to the same period last year, according to the latest trade data of the General Department of Customs ...

Several reports have indicated that mobile financial services can play a key role in supporting development, but it is not yet clear how these services would affect the lives of farming households in developing countries. ...

National Bank of Cambodia (NBC) is preparing to sign agreements with the State Bank of Vietnam and the Bank of the Lao People’s Democratic Republic to promote the use Cambodia’s local currency, riel, in their economic activities. ...

The Minister of Labor and Vocational Training has officially inaugurated a shoe factory in Samrong Tong District, Kampong Speu Province with an investment of about $ 6.4 million. ...

A major Australian agribusiness has visited Cambodia to explore agriculture investment and trade potential in produce, including mango, rambutan, longan and dragon fruit. ...

A new cement plant with a total investment capital of $95 million will be built in Pcheav village, Treng commune, Rattanak Mondul district, Battambang province, according to a press release of the Council for the Development of Cambodia (CDC) made public Monday. ...

Cambodia’s Minister of Commerce Pan Sorasak said here on Monday that China’s official development assistance and investment have greatly contributed to the socioeconomic development in the Southeast Asian country. ...

Cambodia’s trade turnover with global partners topped $19.2 billion in the first five months this year, a 14 per cent year on year (YoY) decline, government statistics show. ...

Chinese-invested banana farm in Stung Trang district of Kampong Cham province plans to expand its plantation to meet rising overseas market demand. ...

Local public-listed river-port operator Phnom Penh Autonomous Port (PPAP) reported a sharp decline in business performance in the first five months of the year due to regional and global economic uncertainty brought on by the protracted Ukraine conflict and its effects on demand and inflation. ...

The cashew nut sector in Cambodia needs at least $300 million per year in working capital, according to a senior official from the industry. ...

The total trade volume between Cambodia and its partners around the world reached more than $19 billion in the first five months of 2023, down 14 percent compared to the same period last year. ...

The Kingdom exported “footwear, gaiters and the like; parts of such articles” to the tune of $558.542 million in the first five months of 2023, down 20.44 per cent year-on-year from $702.060 million and down 23.11 per cent half-on-half (compared to July-November 2022) from $726.4 ...

A draft law on rules of origin was unanimously approved by the National Assembly (NA) during the June 12 session, with 96 supporting votes. ...

The lean patch of Cambodia’s biggest export-earning segment of garments, footwear and travel (GFT) goods continued into the fifth month of the year as the January to May exports recorded a decline of 23.06 percent, compared to the same period in 2022. ...