Economy and commerce
Cambodia, EU renew trade, investment vows
Cambodia and the EU have renewed their pledge to enhance bilateral trade and investment ties in spite of the lingering economic fallout from the Covid-19 pandemic. ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-eu-renew-trade-investment-vows
Cambodia achieves more than 100,000 tons of rice exports in January, February
Cambodia recorded an increase in this year’s rice exports for January and February compared to the same period in the previous year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501041136/cambodia-achieves-more-than-100000-tons-of-rice-exports-in-january-february/
Cambodia signs $905 million concessional loan pacts in 2021
The Cambodian government signed concessional loan agreements with development partners totalling $905.6 million, mainly to finance public investment projects in the priority sectors that support long-term sustainable economic growth. ...
Chea Vanyuth
https://www.khmertimeskh.com/501040752/cambodia-signs-905-million-concessional-loan-pacts-in-2021/
Hun Sen approves capital gains tax deferral until 2024
The government has decided to postpone the implementation of the capital gains tax until 2024 in a bid to restore and prop up post-pandemic economic growth, according to a notice from the Ministry of Economy and Finance’s General Department of Taxation (GDT). ...
Hom Phanet
https://www.phnompenhpost.com/business/hun-sen-approves-capital-gains-tax-deferral-until-2024
Cambodian garments, footwear and travel goods strategic plan to entice investors
Cambodia’s strategic plan on garment, footwear and travel goods development 2021-2024 will attract more investment and contribute to sustainable development in the sector, Ith Samheng, minister for labour and vocational training, told Okhna Kong Sang, president of Garment Manufacturers Association in Cambodia (GMAC) in Phnom ...
Khmer Times Staff
https://www.khmertimeskh.com/501039009/cambodian-garments-footwear-and-travel-goods-strategic-plan-to-entice-investors/
Kingdom exports to US surge around 46% in January
Cambodia’s exports to the United States surged 45.9 percent to $847.6 million in January this year, compared to the same month in the previous year, according to figures from the US Census Bureau. ...
ជា វណ្ណយុទ្ធ
https://www.khmertimeskh.com/501038832/kingdom-exports-to-us-surge-around-46-in-january/
Cambodia-EU trade up 4.6 percent to $4.98 billion last year
Bilateral trade between Cambodia and the European Union (EU) was valued at 4.5 billion euros ($4.98 billion) in 2021, up 4.6 percent from a year earlier, said a joint press release on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501039659/cambodia-eu-trade-up-4-6-percent-to-4-98-billion-last-year/
Association set to drive bird’s nest ecosystem
The Khmer Swiftlet Association (“KSA”) has been recognised by the government as an official platform to support development of the local edible bird’s nest ecosystem, and bolster exports of the woefully untapped commodity, with particular consideration to the Chinese market. ...
Hin Pisei
https://www.phnompenhpost.com/business/association-set-drive-birds-nest-ecosystem
Preah Sihanouk ‘not to be crime base’
Minister of Interior Sar Kheng has declared that Preah Sihanouk province must not develop a reputation for being a “crime base”, insisting that its image must be restored ahead of the Commune Council Election in order to regain the trust of foreign investors. ...
Lay Samean
https://www.phnompenhpost.com/national/preah-sihanouk-not-be-crime-base
Cambodia, and IFC promote mediation to resolve commercial disputes
Cambodia’s National Commercial Arbitration Center (NCAC) and the International Finance Corporation (IFC) are promoting mediation to resolve business disputes and build investors’ trust in commercial litigations. ...
Khmer Times Staff
https://www.khmertimeskh.com/501039017/cambodia-and-ifc-promote-mediation-to-resolve-commercial-disputes/
Cambodian garments, footwear and travel goods strategic plan to entice investors
Cambodia’s strategic plan on garment, footwear and travel goods development 2021-2024 will attract more investment and contribute to sustainable development in the sector, Ith Samheng, minister for labour and vocational training, told Okhna Kong Sang, president of Garment Manufacturers Association in Cambodia (GMAC) in Phnom ...
Khmer Times Staff
https://www.khmertimeskh.com/501039009/cambodian-garments-footwear-and-travel-goods-strategic-plan-to-entice-investors/
US buys 30% of 2021 textile exports
A whopping 30 per cent of Cambodian exports of textile-related products in 2021 went to the US, outstripping many major buyers, despite the global battle against Covid-19, according to the Ministry of Labour and Vocational Training on March 7. ...
Hom Phanet
https://www.phnompenhpost.com/business/us-buys-30-2021-textile-exports
Cambodia-Japan trade tops $180 million in January
Bilateral trade between Cambodia and Japan rose 2.1 percent to $181 million in January this year, compared to the same month in the previous year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501038181/cambodia-japan-trade-tops-180-million-in-january/
Cambodia FDI inflows zoom 22 percent at $4.35 billion in 2021
The fourth quarter in 2020 saw the start of a sharpest global FDI uptrend since the 2008 recession, which resulted in a global FDI flow of $1.65 trillion in 2021, up 77 percent from $929 billion in 2020. South East Asia netted $184 billion, surpassing ...
Josh Downs
https://www.khmertimeskh.com/501037592/cambodia-fdi-inflows-zoom-22-percent-at-4-35-billion-in-2021/
Kingdom exports over 100,000 tonnes of rice to China under sixth MoU
The Cambodian Rice Federation (CRF) said the Kingdom exported more than 100,000 tonnes of rice to China as part of the Sixth Memorandum of Understanding, which provides a quota of 400,000 tonnes rice exports from Cambodia to China. ...
Sok Sithika
https://www.khmertimeskh.com/501037594/kingdom-exports-over-100000-tonnes-of-rice-to-china-under-sixth-mou/
Deadline for online business registration now extended to July
Uncertainty over business conditions and the impact of the spread of Covid-19 has prompted the Ministry of Commerce to postpone the issuing of fines until July for online business owners who are late to apply for e-commerce permits or licences. ...
Hin Pisei
https://www.phnompenhpost.com/business/deadline-online-business-registration-now-extended-july
Profits disappoint as garment exports grow
Experts have warned that recent growth in garment industry exports may not translate to improved profit margins owing to increased production costs, as the latest industry figures reveal that exports of textile-related products in 2021 increased by over 15 per cent from the year before. ...
Hom Phanet
https://www.phnompenhpost.com/business/profits-disappoint-garment-exports-grow
Cambodia’s rice exports not impacted by Russia-Ukraine crisis
The Russia-Ukraine conflict will have no significant influence on Cambodia’s rice exports, according to the Cambodia Rice Federation (CRF). ...
Khmer Times Staff
https://www.khmertimeskh.com/501036920/cambodias-rice-exports-not-impacted-by-russia-ukraine-crisis/
WEF lends hand in e-commerce, trade
A senior official at the World Economic Forum (WEF) has expressed support for Cambodia’s chairmanship of ASEAN, committing efforts to find ways of helping the Kingdom achieve its goals in the fields of digital commerce and investment facilitation, the Ministry of Commerce said in a ...
Nov Sivutha
https://www.phnompenhpost.com/business/wef-lends-hand-e-commerce-trade
Cambodia-Oz trade rises 52% in 2021
Australia has reaffirmed its commitment to furthering business dealings with Cambodia, as data from the commerce ministry revealed that bilateral trade volume between the two countries reached $324.492 million in 2021 – a 52 per cent surge year-on-year despite the ongoing Covid-19 crisis. ...
Hom Phanet
https://www.phnompenhpost.com/business/cambodia-oz-trade-rises-52-2021
Three finance sector bodies roll out new conduct code
Three finance industry associations have jointly developed a new code of conduct aimed at ensuring transparency, building trust and strengthening customer protection in the Kingdom’s banking and finance sector. ...
May Kunmakara
https://www.phnompenhpost.com/business/three-finance-sector-bodies-roll-out-new-conduct-code
No major impact on rice exports from Ukraine war: CRF
The Russia-Ukraine war will have no significant influence on Cambodian milled-rice exports, according to the Cambodia Rice Federation (CRF). ...
Hin Pisei
https://www.phnompenhpost.com/business/no-major-impact-rice-exports-ukraine-war-crf
Kingdom wants off ‘grey list’
Minister of Justice Koeut Rith led a meeting of an ad-hoc sub-commission to implement an action plan devised by the Asia/Pacific Group on Money Laundering. It is hoped that the plan will solve the remaining issues the Kingdom faces and result in a positive evaluation ...
Voun Dara
https://www.phnompenhpost.com/national/kingdom-wants-grey-list
Kingdom, Oman set to scale up trade, investment bonds
Cambodia and Oman have agreed to upgrade cooperation in trade and investment, identify priority areas, and explore the grounds to draw up agreements that resonate with both countries’ unique resources and abilities, according to the Ministry of Commerce. ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdom-oman-set-scale-trade-investment-bonds