Economy and commerce

The Council of Ministers released a summary report yesterday on key multi-sector achievements during the last five years from 2017 to 2021, which includes economic diversification of the country to showcase the Cambodian government’s continuous efforts to overcome obstacles and challenges, in particular, the Covid-19 ...

In the second half of 2022, inflation rate is forecasted to decline to 3.2 percent after rising to 6.5 percent in the first half of this year. ...

Global growth recovery and rapid resumption in economic activity will give impetus to Cambodia’s economic growth this year, according to the National Bank of Cambodia (NBC). ...

Kampong Seila Special Economic Zone Co Ltd on July 29 signed a memorandum of understanding (MoU) with Environmental Protection Industry Associations of Cambodia (EPIAC) in a bid to promote environmental protection at the namesake special economic zone (SEZ) in Preah Sihanouk province and enhance its ...

Cambodia’s sole exporter of cashew nuts to Japan is set to resume shipments in mid-September, after it sent its last consignment in March, before Tokyo began requesting an additional certificate, a requirement it had waived in light of Covid-19, according to the enterprise’s owner. ...

In the last three months, Cambodia paid $183 million in foreign debt, with total debt standing at $9.81 billion. However, authorities remain unconcerned, claiming funds are being funneled into investment and development. ...

Cambodia’s garment, footwear and travel goods industry has seen a 40-percent rise in exports in the first half of this year, according to a report from the General Department of Customs and Excise. ...

The poverty rate in Cambodia fell to 17.8%  in 2020, from nearly 40%  in 2009, according to a senior official at the Ministry of Planning. ...

Cambodia will benefit significantly from the Phnom Penh-Sihanoukville expressway project such as faster and cost-efficient transport and logistics. ...

A Chinese firm plans to invest over US$300 million to construct a largest tyre plant at Sihanoukville Special Economic Zone (SSEZ) in Preah Sihanouk province in 2023 ...

Sihanoukville Special Economic Zone’s (SSEZ) exports were worth $1.3 billion during the first half of 2022, marking a year-on-year increase of almost 40 percent, according to the Ministry of Labor and Vocational Training. ...

Cambodia attracted a fixed-asset investment of almost $3 billion in the first half of this year, reflecting the firm confidence of investors in the Kingdom’s growth prospects. ...

Cambodia exported $111.35 million worth of merchandise to the Republic of Korea in the first half of this year, a 22 percent increase year-on-year, according to a report by the General Department of Customs and Excise. ...

The Cambodia-China Free Trade Agreement (CCFTA) and the Regional Comprehensive Economic Partnership (RCEP) helped attract more investment from China to Cambodia in the first half of this year. ...

Hong Kong-based Sunwah Group has launched a $1.5 billion real estate project in Phnom Penh, saying it will represent a new symbol of Cambodia’s high-quality life. ...

The export of agricultural products, especially fresh fruits, has become an important part of the improving of the living standards of farmers and promote national economic growth. Cambodia has seen an increase in fruit exports to China under the Cambodia-China Free Trade Agreement. ...

Cambodia exported 327,000 tonnes of milled rice in the first semester this year, an increase of 16 percent compared to the same period last year, earning the country $279 million, according to a report by the Cambodia Rice Federation (CRF). ...

The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) in the country registered a 38 percent year-on-year increase, according to reports. ...

Inflation rose to 7.2 percent in May this year in the country, the highest in the last decade, the National Bank of Cambodia (NBC) said yesterday, adding that it has unleashed a set of measures to control the inflationary pressures and protect the purchasing power ...

The unemployment rate for Cambodia is expected to be at 0.31 percent this year, which is the lowest among all member states of the Association of Southeast Asian Nations (Asean), according to the Asean Information Center. ...

Cambodia collected $3.26 billion from all sources of taxes in the first half of 2022, up 22 percent from 2.67 billion dollars over the same period last year. ...

The Council for the Development of Cambodia (CDC) has approved an investment project worth $84.5 million that will need about 1,000 workers to manufacture solar panels in an industrial zone in Kratie province, according to a release by the CDC. ...

The State Bank of Vietnam (SBV) has issued a written document allowing the Military Commercial Joint Stock Bank (MB) to establish a 100 percent-owned bank in Cambodia on the ground of its branch in Phnom Penh. ...

In the first half of 2022, Cambodia exported 2.3 million tons of cassava products, an increase of about 40 percent compared to the same period last year. ...