Economy and commerce

Cambodia exported 366,300 tonnes of rubber latex in 2021, an increase of 8 percent compared to the same period in 2020. ...

Bilateral trade between Cambodia and the UK reached more than $785 million in 2021, down by more than 10.48 per cent year-on-year, according to the Ministry of Commerce. ...

South Korea’s Samsung C&T Corp has expressed interest in investing an undisclosed sum in Cambodian transport infrastructure, to enhance the economic growth of the ASEAN country.   ...

Council for the Development of Cambodia (CDC) this week approved two new investment projects with a total capital of $303 million in Rattanakiri and Preah Sihanouk provinces. ...

The bilateral trade between Cambodia and Thailand was valued at $7.97 billion last year, a 10.26 percent increase compared to a year before. Figures from Thailand’s Commerce Ministry showed that Cambodia exported $894 million worth of goods to Thailand, a year-on-year decrease of 22.10 percent. ...

The process to open market access for exporting Cambodian “pra” varieties of shark catfishes to China has begun in earnest, after officials from the two countries kicked off formal phytosanitary talks, far earlier than expected. ...

Retail fuel prices are ticking back up following a sorely needed moderation witnessed in November-December, as filling station owners report sharp declines in sales.   ...

The government will start implementing the e-commerce value-added tax (VAT) from April 1, as the General Department of Taxation (GDT) updates a variety of technology systems for taxpayers.   ...

Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by the International Monetary Fund (IMF) stated.   ...

The Council for the Development of Cambodia has approved a massive investment project worth $1.3 billion to develop a logistics and multi-purpose port in Kampot, one of southern Cambodia’s coastal provinces. ...

The Kingdom exported nearly 265,230 tonnes of fresh mangoes and mango products in 2021, up by 146.3 per cent year-on-year, of which the Vietnamese market absorbed just under 199,636.7 tonnes, according to Ministry of Agriculture, Forestry and Fisheries data. ...

The Kep-Koh Tonsay Tourism Port, a pier on mainland Kep town replacing an old one, was inaugurated on January 19, and is expected to greatly benefit the provincial economy, and go a long way to support the local tourism, agriculture and fisheries sectors. ...

he Cambodia Chamber of Commerce (CCC) and Japan External Trade Organisation (Jetro) in Cambodia have agreed in-principle to examine the possibility of signing a memorandum of understanding (MoU) in the near future, to strengthen and deepen cooperation on investment and trade between the two nations. ...

Cambodia, along with China and South Korea, has among the 10 most mature retail central bank digital currencies (CBDC). ...

Cambodia exported 423,168.97 tonnes of fresh bananas last year, up by 27.02 per cent over 2020, valued at $4,323,719,300, according to preliminary data from the Ministry of Agriculture, Forestry and Fisheries’ General Directorate of Agriculture (GDA). ...

Even as more investments from Chinese companies pour into Cambodia and cooperation in the field of agriculture increases, Cambodian agricultural products are expected to be promoted in more international markets, especially the Chinese market. ...

The Council for the Development of Cambodia (CDC) on January 17 announced that it had approved final registration certificates for 10 investment projects across various sectors worth a staggering total of nearly $1.90 billion and expected to create 7,014 jobs.   ...

The UN’s latest evaluation of Cambodia states that the Kingdom has fulfilled the three basic conditions necessary for graduation from least developed country (LDC) status, including a gross national income (GNI) per capita of $1,377 which surpasses the $1,222 threshold, according to Minister of Planning ...

With the EU rolling back import tariffs on long grain white rice from Cambodia and Myanmar, market participants expect a rise in shipments from Cambodian exporters who were however still skeptical due to continued high freight rates. ...

The Kingdom exported 2,793,729.92 tonnes of cassava in 2021, up by nearly 22.1 per cent from a year earlier, as industry players note that domestic wholesale prices of the tubers remain elevated compared with average 2020 rates. ...

Bilateral trade between Cambodia and South Korea reached $965.132 million last year, a 9.015 per cent surge from $885.322 million in 2020, according to data from the Korea International Trade Association (Kita). ...

Cambodia has the lowest operating costs among nine countries in Asia that are recognised as major manufacturing hubs, according to Asia-Pacific business transformation consultancy TMX. ...

The Council for the Development of Cambodia (CDC) on January 17, 2022 announced the approval of 10 investment projects with a total capital of nearly $1.9 billion dollars. ...

Chey Sambo Cashew Nut Processing Handicraft in Kampong Thom province has planned to scale up the amount of processed cashew nuts for exports to Japan this year, after experiencing successful exports last year, which resulted in huge support in the Japanese market. ...