Economy and commerce

The garment sector in Cambodia has shown good performance in terms of production, exports and growth in orders, while the import of fabrics for garment production increased by more than 25%. ...

The General Department of Taxation (GDT) collected 385.3478 billion riel, or more than $93 million, in vehicle tax revenue for the taxable period in June-November – from 791,168 units – or 174.2 percent of the 2021 plan (just over 221 billion riel), according to GDT ...

The Ministry of Commerce and ABA Bank on Wednesday signed a memorandum of understanding (MoU) on digital payments and a knowledge-sharing partnership. ...

The Ministry of Economy and Finance on December 8 rolled out “Startup Cambodia”, an online platform managed by the Techo Startup Center (TSC) and Khmer Enterprise (KE) that sets out to create a supportive business environment for start-ups and develop the entrepreneurial ecosystem in the ...

The central bank’s decision to stop issuing new business licences to microfinance deposit-taking institutions (MDI) and encourage mergers among existing banking and financial institutions is a viable strategy that will help strengthen the Cambodian financial sector and is in line with current economic growth trends, ...

Cambodia exported 4,294.05 tonnes of tobacco in the first 11 months of 2021, dipping by 24.42 per cent year-on-year, of which 98.108 per cent was exported to Vietnam, according to Ministry of Agriculture, Forestry and Fisheries data. ...

Cambodia has asked the World Trade Organisation (WTO) to support a comprehensive study of its exit strategy from the group of the least developed countries (LDC), the Ministry of Commerce reported on December 6. ...

China will import “pra” fish from Cambodia in the near future, once technical experts study and assess sanitary and other associated risks in virtual inspections and give the all-clear, Chinese ambassador to Cambodia Wang Wentian affirmed on December 6.​ ...

Standing as one of the largest economies in Asia, Japan is quickly becoming a prime market for Cambodian goods. Even with both economies embroiled in the Covid-19 crisis, bilateral trade managed to reach $1.96424 billion in the first 10 months of 2020, climbing by 12.2 ...

The Ministry of Industry, Science, Technology and Innovation is teaming up with South Korea to find a suitable location in Cambodia to set up a food testing centre over the next five years, and make inspections of domestic and export products for quality, safety and ...

Cambodia shipped out about 27,730.07 tonnes of peppercorn – both geographical indication- (GI) branded Kampot pepper and non-GI cultivars – in the first 11 months of 2021, up 456.53 per cent year-on-year, with Vietnam as the top buyer, the Ministry of Agriculture, Forestry and Fisheries ...

The Covid-19 pandemic brought high-rise building construction in Preah Sihanouk province to a halt when it began, resulting in several business disputes that four real estate companies are now working together to solve, according to provincial governor Kuch Chamroeun. ...

Cambodia and the Philippines have reaffirmed their commitment to boost bilateral trade and increase the volume of investment, to further enhance economic relations between the two ASEAN countries.​ ...

MB and Shinsei Bank have signed a master agreement on the establishment of a commercial joint venture bank in Cambodia on Dec. 2. ...

Cambodia reaffirmed its dedication to commitment to the “Blue Print for Sustainability, Equity and Integrity” to promote resilience in socio-economic development. ...

Cambodia and Vietnam plan to sign an agricultural cooperation agreement this month to underpin trade growth between the two countries, especially of the Kingdom’s agri exports. ...

Preah Sihanouk provincial governor Kuoch Chamroeun expects that this year’s 7th East Asian Sea Congress (EAS Congress) – to be held in collaboration with the Ministry of Environment in Sihanoukville on December 1-2 – will provide opportunities for participants to gain knowledge and draw on ...

The European Union has pledged to continue supporting the public financial management reform programme under the new grant framework agreement between the Royal Government of Cambodia and the EU. ...

Cambodia is slated to export fresh and dried mangoes to the European market, Germany above all, as Berlin investigates the possibility of export. ...

The Czech Republic has promised to encourage its small and medium-sized enterprises and private companies to invest in Cambodia and boost trade between the two countries, which in the past has been relatively insignificant in size.   ...

Khmer Enterprise (KE), a unit under the Ministry of Economy and Finance and the Cambodia Microfinance Association has entered into a cooperation agreement on promoting  access to finance for entrepreneurs and SMEs in the ecosystem of Cambodia. ...

With agricultural production on a steady growth trajectory, even in the face of Covid-19, Phnom Penh welcomes Indonesian businessmen to invest in the Cambodian agricultural market, in hopes of bolstering capacity in response to an ongoing surge in domestic and international demand. ...

The Cambodia Securities Exchange (CSX) and Shanghai Stock Exchange (SSE) are joining forces to explore cooperation on information sharing, personnel exchanges, and joint research for financial product development. ...

Although economic risks from the Covid-19 crisis linger, Cambodian real estate still offers a wealth of potential, as well as reasonably low prices for investments, especially in a handful of key localities marked by burgeoning interest and a gradual pickup in investment activity, according to ...