Economy and commerce

With Phnom Penh becoming the most vaccinated city in Southeast Asia, moves are by the Ministry of Tourism and other related sub committees to formulate a workable plan within Cambodia’s tourism and investment sectors  to work towards a possible reopening of borders for fully vaccinated ...

Seventeen union representatives from the Wage Negotiation Working Group have agreed to negotiate for a $22.20 increase in salaries for textile, garment and footwear workers for 2022. ...

Investing in the stock exchange can be a successful way of making money, whether as a source of additional cash to supplement income, generating “passive income” or even in achieving “financial freedom”. ...

The number of foreign tourists visiting Cambodia through the three international airports in the first seven months of 2021 was about 50,000, down more than 92 percentage compared to the same period in 2020. According to data from the Ministry of Tourism. ...

The government has agreed in principle to lease more than 370ha of state public land in Koh Kong province’s Sre Ambel district to a private company with plans to develop a natural crab aquaculture area and a small port.   ...

The government-funded Khmer Enterprise (KE) and the American Chamber of Commerce in Cambodia (AmCham) have forged a partnership that will centre on building and promoting a sustainable and workable ecosystem for small- and medium-sized enterprises (SME) and entrepreneurs in the Kingdom.   ...

Cambodia’s exports were valued at $4,298 million in the first seven months of this year, a year-on-year increase of 26.8 percent, according to data from the US Census Bureau. ...

Cambodian government chief spokesman Phay Siphan said BRI projects here like the construction of the Phnom Penh-Sihanoukville expressway, the new Siem Reap international airport, the national stadium, and the Sihanoukville Special Economic Zone (SSEZ) among others, have provided tremendous benefits to Cambodia’s economic development during ...

The bilateral trade volume between Cambodia and Vietnam topped $6 billion in the first seven months of 2021, more than doubling over the same period last year even, as both countries amp up their battles against the novel coronavirus and its more virulent variants. ...

Cambodia has exported 24,847 tonnes of pepper to foreign markets in the first eight months of this year, according to Veng Sakhon, Minister of Agriculture, Forestry, and Fisheries. ...

Figures from the Ministry of Agriculture, Forestry and Fisheries show that from January to August 2021, Cambodia exported about 876,521 tonnes of cashew products to foreign markets, a significant increase of 340 percent compared to the same period the previous year. ...

The Royal Government of Cambodia (RGC) on September 1 deployed Phase II of its online business registration platform, known as the “Single Portal”. ...

Projects under the Belt and Road Initiative (BRI) have been helping buffer Cambodia’s economic development against the fallout of COVID-19, officials and academics said in recent interviews. ...

The Council for the Development of Cambodia (CDC) has approved 211 Japanese investment projects worth about $3.14 billion to invest in Cambodia as of July 2021, according to a CDC’s press release. ...

The speed of the government’s Covid-19 vaccination campaign will provide significant opportunities for Cambodia to welcome back fully-vaccinated international visitors, as the Kingdom gears up to host the ASEAN Tourism Forum (ATF) on January 16-22, Cambodia Association of Travel Agents (Cata) president Chhay Sivlin affirmed. ...

The Royal Government of Cambodia (RGC) on September 1 deployed Phase II of its online business registration platform, known as the “Single Portal”. ...

Amru Rice, Cambodia’s largest producer and exporter of the grain, is working with its farmers to diversify beyond the country’s largest agriculture product and grow other foodstuffs, including black pepper, cassava and cashews. ...

The Council for the Development of Cambodia (CDC) has approved a cumulative 211 Japanese investment projects as of July 31 worth about $3.14 billion since its inception in 1994, according to the CDC. ...

The Ministry of Economy and Finance on September 1 is due to deploy Phase II of its online business registration platform, also known as the “Single Portal”, it said in a press release. ...

Cambodia Trade, an online marketplace for small and medium enterprises (SMEs), is scheduled to operate officially in weeks after 16 firms were approved by the Ministry of Commerce to display their products. ...

The 22nd Cambodia-Japan Joint Committee met via video conference with more than 130 members of the private sector in attendance this week. Discussions focused on minimum wage, taxes, logistics, energy supply, automobile imports, human resource development and organising workshops to better understand supply chains, according ...

The Royal Government of Cambodia (RGC) has launched the five-pillared Cambodia Science, Technology and Innovation Roadmap for 2030, in a bid to create an ecosystem of knowledge management, creativity and entrepreneurial spirit, designed to be inclusive, sustainable and conducive to the relevant economic sectors and ...

The Ministry of Commerce on Monday signed a memorandum of understanding (MoU) with Wing Bank (Cambodia) Plc on easing payments for consumers trading on the ministry’s CambodiaTrade marketplace.   ...

CP All Pcl, a Thai multi-product retailer, opens Cambodia’s first 7-Eleven retail store in Sangkat Prek Leap, Khan Chroy Changvar, Phnom Penh in line with its plans to expand its business into the ASEAN region. ...