Economy and commerce

The construction work on a Chinese-built new Phnom Penh international airport, formally known as the Techo International Airport, is expected to be completed in 2024, a spokesman said on Sunday. ...

Mainland China was Cambodia’s largest merchandise trading partner last year, with a volume of $11.686 billion—up by 4.39 per cent over the 2021 figure. The former’s exports to the latter accounted for 89.38 per cent share—up by 2.87 percentage points on a yearly basis, according ...

Undersecretary of State and Spokesman of the Cambodian Ministry of Commerce Penn Sovicheat said the RCEP could help Cambodia graduate from its least-developed country status as soon as 2028. ...

The E-Type Visa, aimed at short term travellers to Cambodia, is now available for online application for citizens from all countries across the globe. .. ...

The Ministry of Industry, Science, Technology and Innovation registered more than a thousand small and medium enterprises (SMEs) in the January-November period of last year, bringing the total registered SMEs to around 44,000. ...

The General Department of Customs and Excise of Cambodia announced on Thursday that it has collected roughly $106 million from tax of vehicles between September 2021 and December 31, 2022. ...

Cambodia’s economy is predicted to grow by roughly six percent in 2023 despite global challenges, according to the National Bank of Cambodia (NBC). ...

The Kingdom of Cambodia and the Republic of Türkiye wrapped up the Third Meeting of Joint Economic Commission, reviewing and discussing priorities to boost their bilateral cooperation in the economic sector. ...

Cambodia’s exports of garments, footwear and travel (GFT) goods grew by around 15 percent in 2022 compared to the previous year, from $10.99 billion to $12.63 billion, but the total share of the sector declined marginally, according to the latest report on trade by the ...

The Cambodia Chamber of Commerce (CCC) has asked Vietnamese Customs for its full commitment to the Single Stop Inspection and Common Control Area (SSI & CCA) initiative, in the interest of boosting cross-border trade between the two countries. ...

To boost bilateral trade to around $1 billion (TL 18.78 billion), Cambodia has sought investments from Türkiye in agriculture, storage and processing facilities for exports to the European Union and other nations. ...

A mix of equity and bond listings are expected to double Cambodia Securities Exchange (CSX)’s total new securities to 14 in 2023, the CSX said on Wednesday. ...

The National Bank of Cambodia (NBC) said the banking system has played an active role in continuing to support the economic recovery by continuing to provide appropriate financial services to meet economic needs. ...

By the end of this year, Cambodia is all set to add more airport capacity to its existing facilities with the opening of the new Siem Reap Angkor International Airport. ...

Cambodia’s international trade in 2022 totalled more than $52 billion, a 9.2 percent year-on-year increase, while Cambodia’s exports jumped more than 16 percent. ...

The Royal Government of Cambodia collected $1.5 billion in value added tax (VAT) for goods and services in the first eleven months of 2022. ...

The value of imports and exports passing through the China-Cambodia jointly invested Sihanoukville Special Economic Zone (SSEZ) reached $2.49 billion in 2022, a year-on-year increase of 12 percent, SSEZ General Manager Cao Jianjiang told Xinhua on Tuesday. ...

Sixty-three percent of the construction work on a Chinese-invested international airport in northwestern Cambodia’s Siem Reap province has so far been completed, said a press statement on Monday. ...

The government has extended a suspension of “advance income tax” until the end of 2025 for eligible textile-related enterprises, a good deal of which have been hurt by a drop in orders as a result of global economic headwinds linked to the ongoing Ukraine crisis. ...

Cambodia exported 169,658 tonnes of fresh and dried mangoes in the first 11 months of 2022, down 30.28 per cent year-on-year, according to the Ministry of Agriculture, Forestry and Fisheries. ...

The head of the apex Cambodia trade body has asked importers operating in the southern Chinese region of Guangxi to take advantage of the Cambodia-China Free Trade Agreement (CCFTA) and buy produce made in the Kingdom, particularly items on which concessions have been granted. ...

An unnamed special economic zone (SEZ) is set to break ground on a one-million square metre plot in Kampong Cham province’s Cheung Prey district “soon”, according to provincial governor Un Chanda. The governor revealed this to the media on January 9 on the sidelines of a ...

Seven months after the announcement of the $150 million co-financial intervention package, only $41.52 million has been released to the businesses affected by the Covid-19 pandemic by the state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) and other participating financial institutions, according ...

Cambodia exported $1.81 billion worth of products to Japan in the first 11 months of last year, a year-on-year increase of 11.4 percent, according to the data from the Japan External Trade Organization (JETRO) yesterday. ...