Economy and commerce

Cambodia exported 161,562 tons of dry rubber in the first seven months of 2022, a slight drop of 0.3 percent year-on-year, said a General Directorate of Rubber report on Friday. ...

Cambodia’s international trade rose to $32.82 billion in the first seven months of this year, a year-on-year increase of 21.3 percent, and the United States is the biggest market for the country accounting for 43 percent of the Kingdom’s total exports. ...

The trade volume between Cambodia and China surged 15.6 percent year-on-year to $6.97 billion in the first seven months of this year, a General Department of Customs and Excise report said. ...

Some 112 new factories, with a total investment of $1.19 billion, had opened in Cambodia during the first seven months of 2022, an industry ministry spokesperson said here on Thursday. ...

Cambodia’s manufacturing output hit $7.57 billion U.S. dollars in the first half of 2022, a remarkable increase of 75 percent year on year, an industry ministry spokesperson said here on Thursday. ...

The number of factories, ranging from producing clothes to electronic devices reached 1,947 as of July this year, employing more than 1 million people, of them some 76 percent are women. ...

The Cambodian Banana Association Alliance held a symposium for member companies in Phnom Penh on August 6. More than 50 representatives from alliance member companies and guests from all sectors attended the event. ...

Cambodia’s international trade was amounted to $32.82 billion in the first seven months of this year, a year-on-year increase by 21.3 percent. ...

Trade volume between Cambodia and China was valued at $6.97 billion in the first seven months of 2022, up 15.6 percent year-on-year, according to the General Department of Customs and Excise’s report released on Wednesday. ...

The Garment Manufacturers Association in Cambodia (GMAC) on Wednesday expressed concern over a decline in purchase orders from Western countries for the second half of 2022.​ ...

Construction investment in Cambodia totaled $5.3 billion in 2021, mainly from China, South Korea, and Japan, according to the Ministry of Land Management, Urban Planning and Construction. The ministry also revealed a total of 4,303 construction projects were approved by the government in 2021. ...

Showing signs of revival in tourism, the number of national and international visitors travelled across the country in the first weekend of this month rose to 246,195. ...

Many banks and microfinance institutions (MFIs) in Cambodia have increased interest rates for deposits in dollar and riel currency by approximately 0.5 percent and 1 percent per annum respectively but not decreased rates for loans in the last three months, according to senior officials in ...

Global leaders in the finance sector are slated to gather in the Cambodian capital in September when Phnom Penh hosts the SME Finance Forum. ...

Despite the pandemic, Royal Group Phnom Penh SEZ Plc. has reported an increase in exports of $492.7 million for the first seven months of the year, marking 26 percent year-on-year (YOY) growth. ...

Landfilling is underway off the shore of Kampot as the government has transferred 600 hectares to a private company to develop a $1.7-billion port. ...

The solid relationship with China has provided great benefits to Cambodia’s socio-economic development and poverty reduction, a Cambodian academic said on Monday. ...

Cambodia and Japan have signed an agreement for Tokyo to provide up to $383 million in loans to expand Sihanoukville Autonomous Port’s terminal capability. ...

Cambodia’s Foreign Minister Prak Sokhonn said here on Friday that the Regional Comprehensive Economic Partnership (RCEP) free trade agreement will be a booster for trade and investment relations between Cambodia and South Korea. ...

Cambodia and the European Union have vowed to enhance bilateral ties for mutual benefits, a spokesman said on Friday. ...

Plans are in place for Cambodia to sign a $200 million loan with Japan to jointly develop Sihanoukville’s deep-sea port to enable ships that weigh up to 1,200 tons to dock. ...

The General Department of Customs and Excise earned $1,295 million in the January-June period of this year, up 12 percent compared to the same period last year, official report showed. ...

Cambodia holds huge potential for Singaporean investors, who can play a role in helping the nation’s economy return to pre-pandemic levels by ploughing funds into infrastructure and other dominant sectors. ...

Cambodia and China’s bilateral trade hit more than $11 billion last year, Prime Minister Hun Sen said on Wednesday as he asked visiting Chinese Foreign Minister Wang Yi to increase economic exchange to reach $15 billion. ...