Economy and commerce

Eurasian senior officials and private sector representatives on November 25 agreed to work together to prop up global supply and value chains and overcome the challenges posed by the current Covid-19 crisis.   ...

Prime Minister Hun Sen has urged the leaders of Asian and European countries to further strengthen the Asia-Europe partnership to maintain a solid multilateralism that will lead to sustainable global growth and sharing.   ...

The government revenue has reached some 11,921 billion Riel (approximately $3 billion) in the first three quarters of this year. ...

It is necessary to strengthen the Asia-Europe cooperation to be more comprehensive to achieve a resilient economic growth. ...

The government revenues and expenditures were under control in the light of Covid-19 through a range of reforms on revenue collections. ...

As the world is still facing other complex issues, Prime Minister Hun Sen highlighted five important points so as to restore socio-economic development in the post-COVID-19 era.​ ...

Cambodian Prime Minister Hun Sen on November 24 expressed his hope for expanded trade ties between Cambodia and Vietnam. ...

Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries.   ...

Cambodia’s economic growth has been revised to reach around 3 percent this year, thanks to the growth of the agricultural and industry sector. ...

Cambodia has updated the country’s poverty line based on the 2019-2020 Socio-Economic Survey wherein the national minimum was set at 10,951 Riel (roughly $2.7) per capita a day. ...

The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) reached $1.767 billion in the first 10 months of 2021, marking a 38.81 per cent year-on-year uptick from $1.273 billion, the operator reported on November 17. ...

Bilateral trade between Cambodia and South Korea in the first 10 months of 2021 was worth $791.59 million, down by 10.6 per cent from $885.32 million in the same period in 2020, as the prolonged Covid-19 community transmission continues to take its toll. ...

South Korean ambassador to Cambodia Park Heung-kyeong is highly optimistic that the new Cambodian investment law and free trade agreement (FTA) signed between the two countries would be important factors in enhancing bilateral trade and encouraging more direct investment flows from South Korea to the ...

Cambodia and Vietnam are set to jointly host the first virtual Vietnam Defense-Economic Exposition (Videx) 2021 in Hanoi from December 14-17, according to the Cambodian Ministry of Commerce. ...

The Council for the Development of Cambodia (CDC) has approved final registration certificates for 15 projects with capital investment of nearly $550 million in the first two weeks of this month, which could reportedly generate 13,952 new jobs in fields such as car assembly, power ...

Although the Covid-19 outbreak has had a prolonged impact on the economy from late 2019 to 2021, it has had little effect on tax revenue, reflecting the effectiveness of tax governance and transparency efforts, according to General Department of Taxation (GDT) chief Kong Vibol.   ...

Thailand’s Commerce Ministry is aiming to speed up talks with Cambodia to reopen additional checkpoints with neighbouring Cambodia to boost trade between the two nations. . ...

Bilateral trade between Cambodia and Singapore totaled $4.37 billion in the first 10 months of 2021, a 51.27 per cent year-on-year surge from $2.89 billion, as reported by the Ministry of Commerce, despite Covid-related disruptions to manufacturing supply chains. ...

Japan has been instrumental in ASEAN connectivity development, extending a helping hand in a vast spectrum of major infrastructure projects across the Southeast Asian economic bloc, especially in the Kingdom. ...

The Council of the Development of Cambodia (CDC) approved 146 Japanese qualified investment projects (QIP) as of October with a total investment capital of $2.853 billion. ...

The new Law on Investment will be a crucial tool as the Kingdom pushes ahead with post-Covid-19 economic recovery plans, and help lay the groundwork to maximise benefits from free trade agreements (FTA), according to Cambodia Chamber of Commerce (CCC) president Kith Meng. ...

Trade between Cambodia and the US totalled $6.4793 billion in the first nine months of 2021, marking a 28.37 per cent year-on-year uptick from $5.0471 billion, according to the US Census Bureau (USCB). ...

The Ministry of Economy and Finance has approved in-principle revisions to a draft sub-decree on insurance, as the industry continues its current growth trajectory and attracts new investors each year. ...

Even as a shipping-container shortage and rising transportation costs stymie the growth of milled rice exports to European and other Western markets, Cambodia managed to ship out 3,119,829 tonnes of the crop abroad, worth $957.30 million, in the first 10 months of 2021, according to ...