Economy and commerce

Cambodia exported more than $96.3 million worth of milled and paddy rice in the first month of this year, providing positive signs for the industry on the whole, according to the Cambodia Rice Federation (CRF). ...

The government has put the Cambodian Digital Government Policy 2022-2035 into use, in a bid to create a more conducive environment for the development of the digital socio-economic landscape. ...

Phnom Penh Governor Khuong Sreng requested Japanese investors, through the Japan-Cambodia Association (JCA), to consider investing in the agriculture sector and other sectors. ...

The Ministry of Commerce has called local small and medium enterprises to join an online marketplace where they can display their products for sales, citing that the online marketplace will soon be launched. ...

Cambodia was among the Greater East Asian countries hardest hit by the Covid-19 pandemic. However meaningful steps to spur domestic investment, greater productivity among businesses and workers, and a more diversified export portfolio will be key to regain sustained economic growth, according to the World ...

The Ministry of Agriculture is set to conduct a study on the phytosanitary requirements to export durian to China in the near future. ...

The Council for the Development of Cambodia (CDC) approved final registration certificates for 25 projects in the first month of 2022, with total registered capital of nearly $2.3 billion and expected to create 23,175 jobs.   ...

Chinese customs has given Cambodia three weeks to ensure that a list of shortcomings will be taken care of, as required by Beijing, before signing a formal protocol allowing the direct export of Cambodian “pra” fish to China. ...

The mega free trade pact of the Regional Comprehensive Economic Partnership took effect in South Korea on Tuesday. ...

His Majesty King Norodom Sihamoni, King of the Kingdom of Cambodia, has signed into law the ratification of the Free Trade Agreement between Cambodia and South Korea on January 29, 2022, after it was cleared by the National Assembly and Senate. ...

Banteay Meanchey Governor has requested the Japanese-Cambodian Association to attract Japanese investors to do business in the province. ...

Cambodia Airports has announced the resumption of domestic flights of some airlines as the number of flights to Cambodia continues to increase. ...

Cambodia’s tourism industry is projected to rebound in 2022 after a two-year significant fall due to the COVID-19 pandemic, a tourism official said on Tuesday. ...

Cambodia is looking to work with Alibaba Group to bring local products to markets in China and countries in Asia, Europe and Africa through the Lazada app, and increase exports by domestic small- and medium-sized enterprises (SME).   ...

The trade volume between Cambodia and China reached more than $11.1 billion last year, representing a 37.28 per cent year-on-year surge, the Chinese embassy in Phnom Penh reported, quoting figures from the Ministry of Commerce.   ...

The enactment of the new investment law, along with the success of the Covid-19 vaccination campaign, is creating an ever-growing pool of rewarding investment opportunities in the Kingdom, according to Council for the Development of Cambodia (CDC) secretary-general Sok Chenda Sophea. ...

The blow to Cambodia’s economy from the COVID-19 pandemic was among the most pronounced in East Asia, but the country can regain sustained economic growth by increasing productivity among firms and workers, diversifying exports, and taking steps to boost domestic investment, the World Bank says ...

Cambodia exports to China increased by 39 percent to $1,510 million last year, a positive move to the Kingdom’s trade as Cambodia and China put into effect their newly-endorsed bilateral free trade agreement. ...

Cambodia’s economy is expected to grow over 5 percent in 2022 after the southeast Asian nation has fully reopened since November, buoyed by its high vaccination rates, Prime Minister Hun Sen said here on Sunday. ...

Cambodia-Vietnam trade volume touched $9.3 billion last year—a rise of 75 per cent compared to 2020 figures—despite the impact of the pandemic. ...

The Regional Comprehensive Economic Partnership (RCEP) free trade agreement, which took effect on Jan. 1, has affirmed the resurgence of multilateralism, Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn said. ...

Cambodia’s economy in 2022 is projected to grow at around 5.6 percent and gradually reach potential growth in the medium term, supported by global demand and a gradual recovery in investment confidence. ...

Cambodia’s two state-owned ports, Sihanoukville Autonomous Port (PAS) and Phnom Penh Autonomous Port (PPAP), had seen double-digit growth in revenue in 2021 despite the COVID-19 pandemic, the Ministry of Public Works and Transport said in a report on Thursday. ...

Bilateral trade between Cambodia and the UK reached more than $785 million in 2021, down by more than 10.48 per cent year-on-year, according to the Ministry of Commerce. ...