Economy and commerce

Cambodia exports to the United States surged by 53.3 percent to $1,717.5 million in the first two months of this year, according to the figures from the US Census Bureau. ...

Cost of food in Cambodia increased 2.78 percent in December of 2021 over the same month in the previous year, according to the National Institute of Statistics of Cambodia. ...

The Cambodian government prioritised budget efficiency to ensure public financial sustainability, economic recovery and green development to ensure social-economic development, said Aun Pornmoniroth, Minister of Economy and Finance. ...

Prince Bank Plc invested an additional $35 million – totalling $50 million – in the Techo International Airport (TIA) Guaranteed Bond on Thursday. ...

Germany has announced their continued support for driving the export of Cambodian agricultural products to international markets, especially China. ...

Bilateral trade between Cambodia and the UK reached $141.74 million in the first two months of this year, up by 14.3 per cent versus the $123.95 million logged in January-February 2021, according to the General Department of Customs and Excise of Cambodia (GDCE).   ...

The Regional Comprehensive Economic Partnership (RCEP) free trade deal and bilateral free trade agreements(FTAs) will bring a lot of benefits to Cambodia in the long term, Asian Development Bank (ADB) acting country director for Cambodia Anthony Gill said on Wednesday. ...

Cambodia and the United Kingdom have committed to strengthening their bilateral cooperation to further boost the economic and trade development. ...

Preparation for the Preah Sihanouk Multi-Purpose Special Economic Zone masterplan is entering into the second phase, which illustrates the future of the plan, once the Ministry of Economy and Finance reviews and finalises the draft results from the report’s first phase. ...

Prime Minister Hun Sen has urged the transport ministry to find ways to upgrade the existing railway to a high-speed system in order to improve logistics infrastructure and facilitate Cambodia’s rapid socio-economic expansion.   ...

Thai discount wholesaler Siam Makro Pcl plans to spend 11 billion baht ($330 million) this year to expand its operations, and open two new Makro stores in Cambodia, 30 in Thailand and three in India, hoping to tap into soaring demand, according to group CEO ...

Prime Minister Hun Sen has reassured UNESCO and the International Coordinating Committee for Safeguarding and Development of the Historic Site of Angkor ( ICC-Angkor) that the heritage of Angkor remains unaffected by development, saying that Cambodia will follow the conditions under which the temple was ...

Cambodia started imposing value added tax (VAT) on e-commerce from April 1 after a three-month delay. ...

The Regional Comprehensive Economic Partnership (RCEP) free trade pact and bilateral free trade agreements (FTA) will be a booster for Cambodia’s economic growth in the coming years, according to the World Bank’s economic update report released on Tuesday. ...

Cambodia and India have reached two memorandums of understanding (MoUs) for two Quick Impact Projects (QIP) on “Developing Mobile Application to Promote Tourism & Ecotourism Communities” and “Enhancing Ecotourism Activities in Phat Sanday Ecotourism Community in Kampong Thom Province”. ...

In the first three months of 2022, from January to March, the Council for the Development of Cambodia (CDC) approved a total of 43 investment projects under an investment of more than $2.4 billion. ...

About 70 percent of Cambodians have access to financial services, with more than 8.6 million e-wallet account holders at the end 2021, according to the National Bank of Cambodia (NBC). ...

Up to 700,000 international visitors are expected to visit Cambodia this year, after the Royal Government had recently eased the entry rules. ...

The implementation of value added tax (VAT) on e-commerce will start today after a three-month delay. ...

The General Department of Taxation (GDT) has issued a reminder for foreign companies supplying digital goods, services or any e-commerce activity in Cambodia to fulfil the obligation for Simplified VAT Registration before the April 1 deadline or stand to face fines.​​ ...

The Ministry of Public Works and Transport has announced plans to implement an online-only electronic data exchange system in Cambodia’s ports in August to facilitate a more efficient management of ship transport and transfer activity. ...

The export of Vietnamese dragon fruit and Cambodian mangos to the Chinese market has been difficult since the outbreak of Covid-19. Custom clearance procedures are often delayed and the overall export volume has declined. Exporters have tried every possible method of overland transport, but keep ...

Cambodia on Thursday launched the country’s first business-to-business-to-customer (B2B2C) e-commerce platform, aiming to help small and medium-sized enterprises (SMEs) sell their products to potential clients, said Commerce Minister Pan Sorasak. ...

Prime Minister Hun Sen has called on Chinese tech giant Huawei to continue to cooperate with the Ministry of Post and Telecommunications on training the local workforce and help Cambodia procure the latest technology to ensure cyber security and competition.   ...