Economy and commerce

Cambodia attracted fixed-asset investment of $4.35 billion in 2021, according to a report from the Council for the Development of Cambodia on Thursday. ...

The government has drafted official roadmaps for the development of the automotive and electronics sectors in Cambodia, to create more than 22,000 new jobs and raise exports past $2 billion over the next five years. ...

The trade volume between Cambodia and Czech Republic reached around $126 million in 2019. However, due to the adverse impact of Covid-19, trade between both countries shrank to about $80 million by 2020 and 2021. But Cambodia’s Minister of Commerce Pan Sorasak expects an improvement ...

A shoe exporter has become the first company in Cambodia to receive a Certificate of Origin (CO) to export goods to China under the Regional Comprehensive Economic Partnership (RCEP) ratified in October last year.   ...

Economists and manufacturing players are concerned about the relentless rise in Cambodian fuel prices, which they blame for a general upswing in the prices of other goods and services – a trend many fear may be extended by Russia’s military offensive in Ukraine.   ...

Telecommunications Minister Chea Vandeth stated that the Royal Government has launched a plan to transform Cambodia into vibrant digital economy and society. ...

Deputy Prime Minister Men Sam An reaffirmed that the political and trade ties between Australia and the Kingdom of Cambodia remain strong. ...

Oriental Bank, a new bank in Cambodia with a digital-first strategy, has announced that it has chosen global payment provider BPC to power its digital banking experiences. ...

The Royal Government of Cambodia will soon launch a strategy to develop the garment, bag and footwear sector as a roadmap for promoting the development of the industry towards growth and competitiveness. ...

Cambodia will export 400,000 tonnes of dried cassava to the Guangxi Zhuang Autonomous Region “from March 2022 to March 2023”, under a new agreement between the Ministry of Commerce and the southwestern Chinese region, according to the ministry. ...

A prominent Russian lawmaker has expressed his commitment to lure more enterprises from his country to invest in and do business in Preah Sihanouk province, especially in fields such as technology and heavy industry, according to a senior provincial official.   ...

The National Bank of Cambodia (NBC), the central bank, welcomed the Bank for International Settlements’ (BIS) February 25 launch of the Asian Green Bond Fund, an open-ended fund for central bank investments in high-quality bonds issued by sovereign states, international financial institutions and corporations. ...

Cambodia ranked third in both real income gains and export growth among Regional Comprehensive Economic Partnership (RCEP) members, according to the World Bank (WB).   ...

Prime Minister Hun Sen called on the owners of companies, factories and various enterprises to participate in the 2022 economic census, set to start on March 1. The objective of the survey is to compile statistics on establishments and enterprises in the country. ...

According to Cambodia’s Commerce Minister Pan Sorasak, the trade volume between Cambodia and China reached nearly $11.2 billion in 2021. ...

Rice exports to China accounted for 50 percent  of total rice exports in January, an increase due to the high commitments from China through the signing of the Sixth Memorandum of Understanding (MoU) for  400,000 tons per year. ...

Sihanoukville Autonomous Port (PAS) recorded a net profit of $5.9 million for the fourth quarter in 2021 due to an increase in container throughput and foreign exchange gains. ...

Cambodia and Malaysia are looking forward to enhancing the cooperation in trade and economic ties. Prime Minister of Malaysia Datuk Seri Ismail Sabri Yaakob, who is in capital on a two-day official visit, is scheduled to have a royal audience with Cambodian King Norodom Sihamoni ...

Accompanied by a high-level delegation, the Prime Minister of Malaysia, Dato’ Sri Ismail Sabri Yaakob will touch down in Phnom Penh today to be greeted by the Cambodian Prime Minister Hun Sen. ...

Cambodian government’s special emergency loan scheme worth $100mn to aid SMEs and the agriculture sector in an aim to resuscitate the economy ...

The government has projected that the Kingdom’s economy will grow by about 5.6 per cent this year despite the threat posed by the Omicron variant. ...

Cambodia-Malaysia trade volume surpassed $500 million in 2021, rising by 13.14 per cent over a year earlier, according to the Ministry of Commerce. ...

Neak Oknha Kith Meng, President of the Cambodian Chamber of Commerce and the new Chairman of the Phnom Penh Special Economic Zone (PPSP),  led a delegation from the Cambodian Chamber of Commerce to visit the Phnom Penh Special Economic Zone in order to learn abut ...

The Regional Comprehensive Economic Partnership free trade pact and bilateral free trade agreements are among the key factors attracting foreign direct investment to Cambodia, a senior official says. ...