Economy and commerce
Work on Cambodian capital new airport expected to finish in 2024
The construction work on a Chinese-built new Phnom Penh international airport, formally known as the Techo International Airport, is expected to be completed in 2024, a spokesman said on Sunday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501220244/work-on-cambodian-capital-new-airport-expected-to-finish-in-2024/
Mainland China largest merchandise trading partner of Cambodia in 2022
Mainland China was Cambodia’s largest merchandise trading partner last year, with a volume of $11.686 billion—up by 4.39 per cent over the 2021 figure. The former’s exports to the latter accounted for 89.38 per cent share—up by 2.87 percentage points on a yearly basis, according ...
Khmer Times Staff
https://www.khmertimeskh.com/501219676/mainland-china-largest-merchandise-trading-partner-of-cambodia-in-2022/
RCEP to help Cambodia graduate from LDC status as early as 2028
Undersecretary of State and Spokesman of the Cambodian Ministry of Commerce Penn Sovicheat said the RCEP could help Cambodia graduate from its least-developed country status as soon as 2028. ...
Khmer Times Staff
https://www.khmertimeskh.com/501219474/rcep-to-help-cambodia-graduate-from-ldc-status-as-early-as-2028/
Cambodia’s E-type Visa now available for online application in all countries
The E-Type Visa, aimed at short term travellers to Cambodia, is now available for online application for citizens from all countries across the globe. .. ...
Khmer Times Staff
https://www.khmertimeskh.com/501218749/cambodias-e-type-visa-now-available-for-online-application-in-all-countries/
Over 1000 new SMEs registered in Jan-Nov
The Ministry of Industry, Science, Technology and Innovation registered more than a thousand small and medium enterprises (SMEs) in the January-November period of last year, bringing the total registered SMEs to around 44,000. ...
Chea Vanyuth
https://www.khmertimeskh.com/501218771/over-1000-new-smes-registered-in-jan-nov/
$106m collected in unpaid vehicle tax
The General Department of Customs and Excise of Cambodia announced on Thursday that it has collected roughly $106 million from tax of vehicles between September 2021 and December 31, 2022. ...
Seng Mengheng
https://kiripost.com/stories/cambodia-106m-collected-in-unpaid-vehicle-tax
Cambodia’s economy slated to grow 6% in 2023
Cambodia’s economy is predicted to grow by roughly six percent in 2023 despite global challenges, according to the National Bank of Cambodia (NBC). ...
Mao Sreypich
https://kiripost.com/stories/cambodias-economy-slated-to-grow-6-in-2023
Third meeting of Cambodia-Türkiye joint economic commission concluded
The Kingdom of Cambodia and the Republic of Türkiye wrapped up the Third Meeting of Joint Economic Commission, reviewing and discussing priorities to boost their bilateral cooperation in the economic sector. ...
Khmer Times Staff
https://www.khmertimeskh.com/501219189/third-meeting-of-cambodia-turkiye-joint-economic-commission-concluded/
Kingdom’s GFT exports grow by 15% in 2022
Cambodia’s exports of garments, footwear and travel (GFT) goods grew by around 15 percent in 2022 compared to the previous year, from $10.99 billion to $12.63 billion, but the total share of the sector declined marginally, according to the latest report on trade by the ...
Manoj Mathew
https://www.khmertimeskh.com/501218056/kingdoms-gft-exports-grow-by-15-in-2022/
Fresh calls for single-stop inspection on VN border
The Cambodia Chamber of Commerce (CCC) has asked Vietnamese Customs for its full commitment to the Single Stop Inspection and Common Control Area (SSI & CCA) initiative, in the interest of boosting cross-border trade between the two countries. ...
May Kunmakara
https://www.phnompenhpost.com/business/fresh-calls-single-stop-inspection-vn-border
Cambodia seeks Turkish investment, eyes $1B bilateral trade
To boost bilateral trade to around $1 billion (TL 18.78 billion), Cambodia has sought investments from Türkiye in agriculture, storage and processing facilities for exports to the European Union and other nations. ...
Khmer Times Staff
https://www.khmertimeskh.com/501218458/cambodia-seeks-turkish-investment-eyes-1b-bilateral-trade/
CSX sets ambitious targets for 2023 as GDP picks up
A mix of equity and bond listings are expected to double Cambodia Securities Exchange (CSX)’s total new securities to 14 in 2023, the CSX said on Wednesday. ...
Kiripost staff writers
https://kiripost.com/stories/cambodia-csx-sets-ambitious-targets-for-2023-as-gdp-picks-up
Cambodia’s National Bank says banking system plays active role in continuing to support economic recovery
The National Bank of Cambodia (NBC) said the banking system has played an active role in continuing to support the economic recovery by continuing to provide appropriate financial services to meet economic needs. ...
Khmer Times Staff
https://www.khmertimeskh.com/501218507/cambodias-national-bank-says-banking-system-plays-active-role-in-continuing-to-support-economic-recovery/
Siem Reap int’l airport set for opening in fourth quarter
By the end of this year, Cambodia is all set to add more airport capacity to its existing facilities with the opening of the new Siem Reap Angkor International Airport. ...
Prakash Jha
https://www.khmertimeskh.com/501217284/siem-reap-intl-airport-set-for-opening-in-fourth-quarter/
Cambodia’s total trade up 9% to $52 billion in 2022
Cambodia’s international trade in 2022 totalled more than $52 billion, a 9.2 percent year-on-year increase, while Cambodia’s exports jumped more than 16 percent. ...
Chea Vanyuth
https://www.khmertimeskh.com/501217283/cambodias-total-trade-up-9-to-52-billion-in-2022/
$1.5 billion collected as VAT till Nov 2022; June most rewarding
The Royal Government of Cambodia collected $1.5 billion in value added tax (VAT) for goods and services in the first eleven months of 2022. ...
Manoj Mathew
https://www.khmertimeskh.com/501216673/1-5-billion-collected-as-vat-till-nov-2022-june-most-rewarding/
Imports and exports via Sihanoukville special economic zone up 12 percent in 2022
The value of imports and exports passing through the China-Cambodia jointly invested Sihanoukville Special Economic Zone (SSEZ) reached $2.49 billion in 2022, a year-on-year increase of 12 percent, SSEZ General Manager Cao Jianjiang told Xinhua on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501217663/imports-and-exports-via-sihanoukville-special-economic-zone-up-12-percent-in-2022/
October 2023 start date targeted for Siem Reap Angkor International Airport in Cambodia
Sixty-three percent of the construction work on a Chinese-invested international airport in northwestern Cambodia’s Siem Reap province has so far been completed, said a press statement on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501217684/october-2023-start-date-targeted-for-siem-reap-angkor-international-airport-in-cambodia/
Tax break for textile-linked industries to stay till 2025
The government has extended a suspension of “advance income tax” until the end of 2025 for eligible textile-related enterprises, a good deal of which have been hurt by a drop in orders as a result of global economic headwinds linked to the ongoing Ukraine crisis. ...
May Kunmakara
https://www.phnompenhpost.com/business/tax-break-textile-linked-industries-stay-till-2025
Jan-Nov mango exports dip 30% to 170K tonnes
Cambodia exported 169,658 tonnes of fresh and dried mangoes in the first 11 months of 2022, down 30.28 per cent year-on-year, according to the Ministry of Agriculture, Forestry and Fisheries. ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-nov-mango-exports-dip-30-170k-tonnes
China importers urged to buy from Cambodia
The head of the apex Cambodia trade body has asked importers operating in the southern Chinese region of Guangxi to take advantage of the Cambodia-China Free Trade Agreement (CCFTA) and buy produce made in the Kingdom, particularly items on which concessions have been granted. ...
May Kunmakara
https://www.phnompenhpost.com/business/china-importers-urged-buy-cambodia
Construction begins ‘soon’ on 1M sqm Kampong Cham SEZ
An unnamed special economic zone (SEZ) is set to break ground on a one-million square metre plot in Kampong Cham province’s Cheung Prey district “soon”, according to provincial governor Un Chanda. The governor revealed this to the media on January 9 on the sidelines of a ...
May Kunmakara
https://www.phnompenhpost.com/business/construction-begins-soon-1m-sqm-kampong-cham-sez
Tourism intervention package gets traction amid recovery
Seven months after the announcement of the $150 million co-financial intervention package, only $41.52 million has been released to the businesses affected by the Covid-19 pandemic by the state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) and other participating financial institutions, according ...
Kang Sothear
https://www.khmertimeskh.com/501216262/tourism-intervention-package-gets-traction-amid-recovery/
Cambodia’s export to Japan jumps 11.4%
Cambodia exported $1.81 billion worth of products to Japan in the first 11 months of last year, a year-on-year increase of 11.4 percent, according to the data from the Japan External Trade Organization (JETRO) yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501216672/cambodias-export-to-japan-jumps-11-4/