Economy and commerce

In the afternoon of March 2, 2024, Prime Minister Hun Manet, received Mario Vecchio, Chief Executive Officer and President of FreshStart Energy, for a courtesy call and discussion on the occasion of the ASEAN-Australia Special Summit in Melbourne, Australia. ...

Financial institutions like Wing Bank, AMK Microfinance (MFI), Boost Capital are focusing on agriculture-driven tech. ...

Two projects in Sihanoukville with an investment of nearly $600 million have received incentives from the Council for the Development of Cambodia and are estimated to have a positive impact on the economy of Sihanoukville. ...

The US-ASEAN Business Council has requested that Cambodia cooperate to facilitate US company investment, business, and trade in the Kingdom, particularly to improve the climate. ...

Prime Minister Hun Manet will make his first visit to the ASEAN-Australia Special Summit next month, with experts expecting the trip to boost trade between the two nations, as well as Australian investment in Cambodia. ...

Revenue from the sale of special license plates decreased by about 11.9 percent to $16 million in 2023, with the Ministry of Public Works​ and Transport (MPWT) claiming it is a result of the global economic crisis. ...

Senior US officials met with Prime Minister Hun Manet during a visit aimed at boosting the relationship between the two countries, and to raise social issues that need to be resolved. ...

The total number of companies enrolled through the Online Business Registration System (OBRS) via IT Platform phase I – commonly known as Single Portal – had reached almost 34,000 as of February 25, as reported by OBRS. ...

Cambodian Prime Minister has encouraged Maybank to consider investing in building halal food ecosystems in Cambodia. ...

Vietnam has invested over $3.7 billion in 110 projects in the Lao and Cambodian provinces located in the three countries’ Development Triangle so far, statistics show. ...

Opening a bank account from the comfort of your home is possible today thanks to e-KYC services in Cambodia. ...

Representatives from 17 mega firms from the United States have evinced interest in exploring investment opportunities in the Kingdom. ...

The Royal Railway of Cambodia (RRC) has unveiled its plan for additional investment to improve the northern railroad line, currently out of service. ...

The Council for the Development of Cambodia (CDC) is seeking to make it easier for foreign firms to register as applicants for Qualified Investment Projects (QIP) in Cambodia through improvements to the online registration system. ...

Real estate growth has marginally improved year-over-year. But the momentum of growth is still slow with 2023 seeing the real estate sector grow 0.5 percent, compared to 0.2 percent in 2022. ...

The Council for the Development of Cambodia (CDC) and the New Zealand Embassy to Cambodia on Monday organised a joint discussion to further promote bilateral development cooperation programmes responding to the needs of the Kingdom and other ASEAN countries. ...

The US highlighted its commitment to enhancing relations and cooperation with Cambodia, while also supporting the country in strengthening democracy and human rights. ...

The Ministry of Agriculture, Forestry and Fisheries has resolved to submit a proposal for maintaining the value of rice and ensuring food security to the chairman of the Economic and Financial Policy Committee. ...

The Ministry of Economy and Finance has confirmed plans to issue government bonds this year, intending to raise over $100 million to bolster the national budget and support various investment projects. ...

Bilateral trade between Cambodia and Thailand reached $341.8 million in the first month of 2024, marking a slight increase of 0.2% over the same period last year, as reported by the General Department of Customs and Excise (GDCE). ...

Following a one-day visit to Malaysia by Prime Minister Hun Manet, Cambodia and the predominantly Muslim nation have agreed to deepen their bilateral collaboration in various sectors. ...

The Cambodian Chamber of Commerce (CCC) in collaboration with ASEAN Business Advisory Council Cambodia supported by the Cambodian Government will host the Cambodia-ASEAN Business Summit in April in Phnom Penh. ...

The Phnom Penh Autonomous Port (PPAP), the Kingdom’s largest stock-listed river port, reported favourable business performance in the year’s first month, in line with the government’s projection of 6.6% economic growth, driven by global and regional economic improvements. ...

Ahead of Prime Minister Hun Manet’s scheduled visit to Australia next month, private sector along with relevant ministries and institutions are working on the modalities to attract investment partners from Australia and boost exports to Australia of semi-finished and processed products. ...