Economy and commerce

Cambodia’s export of goods to China saw a significant rise, valued over $1.1 billion in the third quarter this year—a year-on-year increase of 52.74 per cent, according to figures from the former’s ministry of commerce. Both sides are committed to raising bilateral trade to $10 ...

The Ministry of Commerce has set up a working group to study and collect input from stakeholders and the private sector to develop strategies to maximize the implementation of the Free Trade Agreement, of which Cambodia is a signatory. This was said by Pan Sorasak, ...

Phnom Penh Autonomous Port (PPAP) saw a surge in demand from container ships last month after an upgrade added capacity to process and load shipping containers. Some 32,441 twenty-foot equivalent units (TEUs) passed through the port in October, an increase of more than 57 percent ...

Bilateral trade between Cambodia and Thailand reached $5.97 billion in the first nine months of 2021, surging by 18 per cent year-on-year from $5.08 billion despite disruptions caused by the community spread of Covid-19 in the two ASEAN nations, according to a report from the ...

The trade between the countries of Cambodia and Thailand has seen an increase in the nine months of this year. ...

Minister of Commerce Pan Sorasak expressed optimism that more US companies would discover Cambodia, and set up base in or expand operations in the Kingdom, as trade between the two countries logged more than $5.5 billion in January-August, up by 28.5 per cent year-on-year. ...

U.S. companies will expand their businesses and inject more investment in Cambodia contributing to the economic recovery of the Kingdom. ...

Cambodia has made great strides in recent years, both in terms of economic growth and key health indicators like life expectancy and infant, child and maternal mortality rates. The country reached lower-middle income status in 2015 and was advancing steadily toward Universal Health Coverage (UHC) ...

Retail fuel prices have been gradually increasing in recent weeks, adding another burden for low-income households whose finances have been hit hard by Covid-19. ...

The business community has welcomed a government decision to ease restrictions for local and foreign investors who reside in the Kingdom, particularly the waiver of hotel quarantine and the option to isolate at home. ...

Cambodia exported 460,169 tonnes of milled rice, worth $393 million, from January to October this year, according to the Ministry of Agriculture, Forestry, and Fisheries. That represents a 14 percent drop in volume from the same period last year. ...

Some 4,221,153 tonnes of agricultural products, besides milled rice and paddy rice, have been exported to foreign markets during the first ten months of this year, despite the global COVID-19 crisis. ...

The first trial flight is set to land in Koh Kong province’s Dara Sakor International Airport in late January or early in February, according to the company in charge of construction. ...

To encourage the spread of hydrogen-powered fuel cell vehicles (FCV), the Japanese government will help build small-scale hydrogen stations around the country. ...

The Ministry of Industry, Science, Technology and Innovation has rolled out the KhmerSME website to provide micro-, small- and medium-sized enterprises (MSME) access to comprehensive business information, as well as ASEAN and global markets. ...

Cambodia exported $8.2417 billion worth garments between January and September this year—a hike of $843.4 million or 11.4 per cent over the same period last year, the general department of customs and excise said. ...

Cambodia exported 174,100 tonnes of rubber valued at $265.8 million in the first nine months of 2021, surging by 48,300 tonnes (38.4 per cent) in volume and $111.6 million (72.3 per cent) in value over January-September 2020, the General Department of Customs and Excise reported. ...

The Cambodia-Korea Free Trade Agreement (CKFTA) was endorsed on October 26, to pave the way for the two countries to enhance bilateral trade and investment flows. ...

Cambodia is set to welcome vaccinated tourists starting on November 30 in Preah Sihanouk province – including Koh Rong – and in the Dara Sakor area of Koh Kong province, the Ministry of Tourism announced. ...

Trade between Cambodia and Japan reached $1.5094 billion in the first eight months of 2021, up 11.8 per cent year-on-year from $1.350 billion, according to data from the Japan External Trade Organisation (Jetro). ...

A total 1,204 tonnes of agricultural products were exported to the Republic of Korea in the first nine months of this year, a 106 percent increase compared to a year before. ...

Cambodia and South Korea have signed a free trade agreement (FTA), cutting import tariffs by more than 90 percent. Commerce Minister Pan Sorasak inked the deal with South Korean Trade Minister Yeo Han-koo in a virtual ceremony yesterday. ...

Cambodian Prime Minister Hun Sen, along with other ASEAN Heads of State/Government and Chinese Premier Li Keqiang attended the 24th ASEAN-China Summit via videoconference yesterday afternoon.​ ...

Cambodia’s fresh banana exports to China have made remarkable progress this year, despite the challenges posed by the protracted Covid-19 crisis. But concerns linger over sanitary and phytosanitary (SPS) standards and the Kingdom’s ability to build on this positive momentum over the coming years. ...