Economy and commerce
Cambodia exports over 366,000 tonnes of rubber in 2021
Cambodia exported 366,300 tonnes of rubber latex in 2021, an increase of 8 percent compared to the same period in 2020. ...
Khmer Times Staff
https://www.khmertimeskh.com/501014088/cambodia-exports-over-366000-tonnes-of-rubber-in-2021/
Trade with UK dips 10.5% to $785M
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. ...
Hom Phanet
https://www.phnompenhpost.com/business/trade-uk-dips-105-785m
Samsung C&T mulls investing in Cambodia
South Korea’s Samsung C&T Corp has expressed interest in investing an undisclosed sum in Cambodian transport infrastructure, to enhance the economic growth of the ASEAN country. ...
May Kunmakara
https://www.phnompenhpost.com/business/samsung-ct-mulls-investing-cambodia
CDC approves $300 million worth of investment projects
Council for the Development of Cambodia (CDC) this week approved two new investment projects with a total capital of $303 million in Rattanakiri and Preah Sihanouk provinces. ...
Khmer Times Staff
https://www.khmertimeskh.com/501013321/cdc-approves-300-million-worth-of-investment-projects/
Cambodia-Thailand trade tops $7.97 billion last year
The bilateral trade between Cambodia and Thailand was valued at $7.97 billion last year, a 10.26 percent increase compared to a year before. Figures from Thailand’s Commerce Ministry showed that Cambodia exported $894 million worth of goods to Thailand, a year-on-year decrease of 22.10 percent. ...
Chea Vanyuth
https://www.khmertimeskh.com/501012634/cambodia-thailand-trade-tops-7-97-billion-last-year/
China talks for ‘pra’ fish exports kick off
The process to open market access for exporting Cambodian “pra” varieties of shark catfishes to China has begun in earnest, after officials from the two countries kicked off formal phytosanitary talks, far earlier than expected. ...
Hin Pisei
https://www.phnompenhpost.com/business/china-talks-pra-fish-exports-kick
Retail fuel rates back on the rise
Retail fuel prices are ticking back up following a sorely needed moderation witnessed in November-December, as filling station owners report sharp declines in sales. ...
Hom Phanet
https://www.phnompenhpost.com/business/retail-fuel-rates-back-rise
E-commerce VAT from April 1: GDT
The government will start implementing the e-commerce value-added tax (VAT) from April 1, as the General Department of Taxation (GDT) updates a variety of technology systems for taxpayers. ...
May Kunmakara
https://www.phnompenhpost.com/business/e-commerce-vat-april-1-gdt
The effects of the USD interest rate hike on Cambodian economy
Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by the International Monetary Fund (IMF) stated. ...
https://www.phnompenhpost.com/special-reports/effects-usd-interest-rate-hike-cambodian-economy
CDC okays $1.3 b multipurpose port in Kampot province
The Council for the Development of Cambodia has approved a massive investment project worth $1.3 billion to develop a logistics and multi-purpose port in Kampot, one of southern Cambodia’s coastal provinces. ...
Chea Vanyuth
https://www.khmertimeskh.com/501010691/cdc-okays-1-3-b-multipurpose-port-in-kampot-province/
Mango exports surge 146% to 265K tonnes in 2021
The Kingdom exported nearly 265,230 tonnes of fresh mangoes and mango products in 2021, up by 146.3 per cent year-on-year, of which the Vietnamese market absorbed just under 199,636.7 tonnes, according to Ministry of Agriculture, Forestry and Fisheries data. ...
Hin Pisei
https://www.phnompenhpost.com/business/mango-exports-surge-146-265k-tonnes-2021
Kep-Koh Tonsay Tourism Port open
The Kep-Koh Tonsay Tourism Port, a pier on mainland Kep town replacing an old one, was inaugurated on January 19, and is expected to greatly benefit the provincial economy, and go a long way to support the local tourism, agriculture and fisheries sectors. ...
Hom Phanet
https://www.phnompenhpost.com/business/kep-koh-tonsay-tourism-port-open
Kingdom-Japan trade groups to step up cooperation
he Cambodia Chamber of Commerce (CCC) and Japan External Trade Organisation (Jetro) in Cambodia have agreed in-principle to examine the possibility of signing a memorandum of understanding (MoU) in the near future, to strengthen and deepen cooperation on investment and trade between the two nations. ...
Nov Sivutha
https://www.phnompenhpost.com/business/kingdom-japan-trade-groups-step-cooperation
Bakong system blazes digital-money trail
Cambodia, along with China and South Korea, has among the 10 most mature retail central bank digital currencies (CBDC). ...
May Kunmakara
https://www.phnompenhpost.com/business/bakong-system-blazes-digital-money-trail
China buying frenzy bolsters fresh banana exports in 2021
Cambodia exported 423,168.97 tonnes of fresh bananas last year, up by 27.02 per cent over 2020, valued at $4,323,719,300, according to preliminary data from the Ministry of Agriculture, Forestry and Fisheries’ General Directorate of Agriculture (GDA). ...
Hom Phanet
https://www.phnompenhpost.com/business/china-buying-frenzy-bolsters-fresh-banana-exports-2021
Kingdom to further strengthen agricultural ties with China
Even as more investments from Chinese companies pour into Cambodia and cooperation in the field of agriculture increases, Cambodian agricultural products are expected to be promoted in more international markets, especially the Chinese market. ...
Anthony McGonigle
https://www.khmertimeskh.com/501009473/kingdom-to-further-strengthen-agricultural-ties-with-china/
$1.9B in new projects get CDC nod
The Council for the Development of Cambodia (CDC) on January 17 announced that it had approved final registration certificates for 10 investment projects across various sectors worth a staggering total of nearly $1.90 billion and expected to create 7,014 jobs. ...
Hin Pisei
https://www.phnompenhpost.com/business/19b-new-projects-get-cdc-nod
Kingdom on track for LDC graduation
The UN’s latest evaluation of Cambodia states that the Kingdom has fulfilled the three basic conditions necessary for graduation from least developed country (LDC) status, including a gross national income (GNI) per capita of $1,377 which surpasses the $1,222 threshold, according to Minister of Planning ...
Voun Dara
https://www.phnompenhpost.com/national/kingdom-track-ldc-graduation
Mixed emotions as EU revokes import tariffs on long grain Cambodian rice
With the EU rolling back import tariffs on long grain white rice from Cambodia and Myanmar, market participants expect a rise in shipments from Cambodian exporters who were however still skeptical due to continued high freight rates. ...
Khmer Times Staff
https://www.khmertimeskh.com/501009558/mixed-emotions-as-eu-revokes-import-tariffs-on-long-grain-cambodian-rice/
Cassava exports up nearly 22.1%
The Kingdom exported 2,793,729.92 tonnes of cassava in 2021, up by nearly 22.1 per cent from a year earlier, as industry players note that domestic wholesale prices of the tubers remain elevated compared with average 2020 rates. ...
Hom Phanet
https://www.phnompenhpost.com/business/cassava-exports-nearly-221
2021 Korea trade tops $965M
Bilateral trade between Cambodia and South Korea reached $965.132 million last year, a 9.015 per cent surge from $885.322 million in 2020, according to data from the Korea International Trade Association (Kita). ...
Hin Pisei
https://www.phnompenhpost.com/business/2021-korea-trade-tops-965m
Best operating costs in Kingdom: TMX
Cambodia has the lowest operating costs among nine countries in Asia that are recognised as major manufacturing hubs, according to Asia-Pacific business transformation consultancy TMX. ...
May Kunmakara
https://www.phnompenhpost.com/business/best-operating-costs-kingdom-tmx
Ten investment projects with a total capital of nearly $1.9 billion receive nod
The Council for the Development of Cambodia (CDC) on January 17, 2022 announced the approval of 10 investment projects with a total capital of nearly $1.9 billion dollars. ...
Khmer Times Staff
https://www.khmertimeskh.com/501008916/ten-investment-projects-with-a-total-capital-of-nearly-1-9-billion-receive-nod/
Processed cashew nut export to Japan to hit new high
Chey Sambo Cashew Nut Processing Handicraft in Kampong Thom province has planned to scale up the amount of processed cashew nuts for exports to Japan this year, after experiencing successful exports last year, which resulted in huge support in the Japanese market. ...
Chea Vanyuth
https://www.khmertimeskh.com/501007944/processed-cashew-nut-export-to-japan-to-hit-new-high/