Economy and commerce

Cambodia, as the Chair of the Association of Southeast Asia Nations (ASEAN) in 2022, has set out four key strategic thrusts under the ASEAN Economic Community Pillar, while the building process of the economic community has continued to be hindered by the constant changes of ...

Cambodia, the ASEAN Chair in 2022, applauded important discussions related to economic cooperation and development orientations among CLMV countries at the 14th Cambodia, Laos, Myanmar and Vietnam Economic Ministers’ Meeting (CLMV-EMM 14) in Cambodia, including the approval of the CLMV Action Plan for the 2023-2024 ...

In a meeting with Cambodian business sector representatives, Hong Kong Secretary for Commerce and Economic Development, Algernon Yau, promoted Hong Kong’s business opportunities. ...

As more Cambodians tap into the benefits of mobile banking, the Ministry of Economy and Finance is preparing to host a workshop to address the role of the banking sector and FinTech in Cambodia’s digital economy. ...

Economic ministers of ASEAN countries and the Republic of Korea (RoK) discussed the directions of negotiations for the upgrade of the ASEAN-Korea Free Trade Agreement (AKFTA) during their consultation meeting in Siam Reap, Cambodia, on September 16 within the framework of the 54th ASEAN Economic ...

Members of the Association of Southeast Asian Nations (ASEAN) and India on September 16 held the 19th consultation meeting on economic cooperation in Cambodia under the chair of Cambodian Minister of Commerce Pan Sorasak and India’s Minister of State for Commerce and Industry Anupriya Patel. ...

The Cambodia Microfinance Association (CMA) regarded the commentary by NGOs and civil society organizations on the industry as “biased, incomplete, and cherry-picked”, taking just the negative parts of a report produced by Germany’s Federal Ministry of Economic Cooperation and Development (BMZ) into account while ignoring ...

The volume of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) clocked in at $1.749 billion in the first eight months of 2022, marking a 27.39 per cent rise year-on-year from $1.373 billion, according to the operator. ...

Hun Sen, Prime Minister of the Kingdom of Cambodia, has encouraged ASEAN to expand trade within the framework of ASEAN Free Trade Area (AFTA) and Regional Comprehensive Economic Partnership (RCEP). ...

Bilateral trade between Cambodia and Japan in the first eight months of 2022 rose by more than one-sixth on-year, in a trend expected to carry into the foreseeable future, largely driven by agricultural exports from the Kingdom. Still, the business community is calling for greater ...

Average year-on-year inflation for the second half (H2) of 2022 will fall below five per cent, on the back of improvements in economic activity, as gross domestic product (GDP) grows around five per cent over the period, National Bank of Cambodia (NBC) governor Chea Chanto ...

The Republic of Guatemala is committed to further promote the cooperation on culture and trade with Cambodia. The commitment was made by Carlos Humberto Jiménez Licona, newly-appointed Ambassador of the Republic of Guatemala to Cambodia, while paying a courtesy call on Cambodian Acting Head of ...

Prime Minister Hun Sen called for enhanced cooperation among countries in the region to achieve a sustainable economic recovery in a speech delivered on Sunday at a forum where experts also highlighted the benefits of green and digital transitions. ...

Minister of State for Trade and Export Growth Phil Twyford will travel to Cambodia this week to attend the Association of South East Asian Nations (ASEAN) Economic Ministers’ consultations. ...

Cambodian Prime Minister Hun Sen launched the ASEAN Economic Club at a forum on Sept 12 with a call for enhanced cooperation among regional countries for sustainable and inclusive economic recovery. ...

The Council for the Development of Cambodia (CDC) has approved three new investment projects with a total capital of $16.5 million in Kampong Speu province and Phnom Penh capital. ...

Public-listed industrial-park operator Phnom Penh SEZ Plc (PPSP) revealed that employment among the 120 tenants of its Royal Group Phnom Penh Special Economic Zone (RGPPSEZ) southwest of the capital’s airport has increased by over 85 percent since 2019, despite the Covid-19 crisis and resulting job ...

A new book by the Asian Development Bank reveals one in five informal workers in Cambodia lost employment due to the pandemic, with women workers hit harder than men. ...

Inflation remains under control and is predicted to drop below five percent as banking and financial institutes continue to aid post-pandemic economic recovery, says the National Bank of Cambodia. ...

The Cambodian Women Entrepreneurs Association (CWEA) said that e-Commerce in Cambodia is set to grow rapidly with the ease of doing business in the Kingdom. Entrepreneurs explained that the e-commerce sector has boomed in the country in recent years thanks to the rapid development of ...

Cambodia is planning to receive one million international tourists via the sea route by 2027 and will strengthen the Southern Tourism Corridor (STC) Cooperation as well, said Thong Rathasak, Director General of Tourism Development and International Cooperation of the Ministry of Tourism, recently. ...

The Asian Development Bank is engaged in developing a new project called ‘Skills for Future Economy’ with the purpose of improving the industry in Cambodia, according to a senior officer of the Royal Government of Cambodia. ...

The Kingdom has seen a significant rise in the number of international tourists in the January-August period of 2022, reflecting the industry recovery thanks to the government resuming the border to vaccinated tourists. ...

The Real Estate Business and Pawnshop Regulator (RPR) under the Non-Bank Financial Service Authority (FSA) of the Ministry of Economy and Finance (MEF) has prepared notifications to fine 38 businesses that provide non-bank financial services and products to customers, according to a report released by ...