Economy and commerce

Cambodia will set up private commercial centres in five locations in China this year, which will play an important role in promoting the country’s products and attracting China’s investment in Cambodia. ...

The National Bank of Cambodia (NBC) is looking into joining the RMB Cross-border Interbank Payment System (CIPS) to provide additional international payment options; facilitate and boost trade, investment, tourism between the two countries through yuan-denominated transactions; and to make management of the Chinese currency in ...

The Vietnamese Embassy in Cambodia on February 14 organised a meeting with Vietnamese businesses operating in Cambodia to discuss measures to help the businesses tackle obstacles to their investment and business. ...

More cooperation in investment and trade is expected to take place between Labuan’s industry players and Cambodian counterparts following a technical study tour by a high-level delegation from the Cambodian Royal Government to the Labuan Corporation (LC) Monday. ...

Thailand’s Commerce Ministry is scheduled to organise about 450 activities to stimulate exports this year, focusing mainly on four potential markets namely the Middle East, South Asia, China, and the CLMV (Cambodia, Laos, Myanmar and Vietnam), a senior official has said. ...

Cambodia’s foreign trade declined by 29 percent in January 2023 compared to the same period in 2022 and recorded $3.4 billion, according to a report by the General Department of Customs and Excise (GDCE) yesterday. ...

The Preah Sihanouk Provincial Administration welcomed a joint statement by China and Cambodia that said they will examine the feasibility of developing an “Industrial and Technological Corridor” to achieve the development vision of the province as a “Model Multi-Purpose Special Economic Zone” (SEZ). ...

The Ministry of Commerce has tentatively set April 26 for the “launch” of “Kampot-Kep Salt” as a geographical indication (GI) product, in a formal recognition of its inclusion in the Cambodian registry and the accompanying protections. ...

The program manager of an NGO has raised concerns about the government’s revenue spending management, claiming national debt remains huge and has not been repaid as new debt continues to climb. ...

Cambodia is gearing up to host the second annual Social Protection Week, with the aim of strengthening social security efficiency and transparency. ...

Cambodia’s exports to the European Union (EU) last year were worth $4 billion, up 25% compared to the 2021’s figure, according to the country’s ministry of commerce. ...

Cambodia’s export to the United States remained strong last year, despite the US generalised special preference (GSP) scheme remaining to less developed countries (LDCs) including Cambodia. ...

Three Chinese major companies presented multiple investment projects worth millions of dollars to Prime Minister Hun Sen during a meeting in Beijing, a release said today. The companies also plan to invest on water transportation, hospital, sewage treatment, high-speed rail, etc. ...

Cambodian Prime Minister Hun Sen wraps up his three-day official visit to China today. It’s his second trip to the country since 2020. The Cambodian leader met with Chinese President Xi Jinping on Friday. ...

The Cambodia Rice Federation (CRF) has set export targets for the nation at 750,000 tonnes of milled rice in 2023 and one million tonnes by 2025. This represents an over 50 percent increase compared to the export figure in 2022. ...

Cambodian Prime Minister Hun Sen received multiple assurances of Chinese economic and political support during a meeting Friday in Beijing with Chinese President Xi Jinping. ...

Japanese firm Top Planning Japan Co Ltd’s (TPJ) apparent interest in investing in facilities in Battambang province to convert cashew nut shells into fuel and process the fibre-rich seeds for export has been greeted with much enthusiasm among local authorities and has dramatically heightened prospects ...

National Bank of Cambodia (NBC) assistant governor Chea Serey on February 7 proposed that British businesspeople ramp up their investments in Cambodia and buy more local goods, to strengthen bilateral economic relations and stimulate recovery in the Southeast Asian country following a downturn linked to ...

In October 2022, Bora believed forming a union at his Takeo province shoe factory would help him and his colleagues gain better benefits. ...

Cambodia Post Bank Plc (CPBank) has partnered with the Asian Development Bank (ADB) on a $10 million loan initiative to provide to the Kingdom’s micro-, small- and medium-sized enterprises (MSME) to support their recovery after years of Covid-related disruptions, according to ADB. ...

Milled rice exports of 36,900 tonnes, or $28.83 million in value, were recorded in January, the Cambodian Rice Federation (CRF) said, noting that 41 percent of that, or 15,045 tonnes worth $11.77 million, went to China and Hong Kong. ...

Cambodia’s exports to the European Union (EU) last year were worth $4.045 billion—a more than 25 per cent hike from the $3.229 billion registered in 2021, according to the ministry of commerce. Cambodia-EU trade was worth $4.857 billion last year, rising by 15.9 per cent ...

Cambodia and Japan have pledged to boost further economic and investment cooperation as they mark this year the 70-year anniversary diplomatic establishment between the two countries. ...

Over past years, mutual trust and support between Cambodia and China have largely consolidated bilateral relations, Cambodian experts have said. ...