News
Footwear export revenue sees decline
Cambodia’s export revenue from footwear and related products reached nearly $1 billion in the first nine months of 2023, marking a 25.1% decline from the $1.32 billion recorded during the same period last year. ...
Hin Pisei
https://www.phnompenhpost.com/business/footwear-export-revenue-sees-decline
Cambodia eyes more Japan investment
Cambodia has urged Japan to collaborate in initiatives aimed at enticing investors and broadly promoting Cambodia’s appealing investment environment and incentives to Japanese stakeholders. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-eyes-more-japan-investment
Sun Chanthol asks Japan to promote positive investment in Cambodia
Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, requested that Japan positively disseminate Cambodia’s investment potential and other incentives to Japanese investors. ...
Khmer Times Staff
https://www.khmertimeskh.com/501382891/sun-chanthol-asks-japan-to-promote-positive-investment-in-cambodia/
Cambodia’s CDC unveils $50-bn logistics initiative
Cambodian deputy prime minister Sun Chanthol recently announced a comprehensive $50-billion master plan for the country’s transport and logistics sectors comprising 174 projects. ...
Khmer Times Staff
https://www.khmertimeskh.com/501383722/cambodias-cdc-unveils-50-bn-logistics-initiative/
Cambodia attracts record foreign investment growth
Despite global and regional economic downturns due to ongoing geopolitical conflict, Cambodia continues to be a beacon for investments. In the first nine months of 2023, the Kingdom drew in fixed-asset investments worth $3.76 billion, marking an 8.6 per cent rise from the $3.46 billion ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-attracts-record-foreign-investment-growth
About 60,000 Cambodians have gained employment in the first eight months of 2023
According to a recent report issued by the Cambodian Ministry of Labor and Vocational Training 1,188 new enterprises have begun their operation in Cambodia, employing nearly 60,000 people. ...
Khmer Times Staff
https://www.khmertimeskh.com/501373979/about-60000-cambodians-have-gained-employment-in-the-first-eight-months-of-2023/
Cambodia attracts $3.76 billion investment in Q3
Cambodia attracted a fixed-asset investment of almost $3.76 billion in the three-quarter period of this year, up 8.6 percent from $3.46 billion over the same period last year, according to the Council for the Development of Cambodia (CDC) report on Saturday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501373254/cambodia-attracts-3-76-billion-investment-in-q3/
CDC approves investment of $256.56 million, ‘27K new jobs’
The Council for the Development of Cambodia (CDC) approved 26 private ventures in September, totalling an investment of $256.65 million, projected to create 27,262 jobs. ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-investment-25656-million-27k-new-jobs
New investment law entices Hong Kong investors
Hong Kong investors are keen to explore investment opportunities in Cambodia and have pledged to introduce business potentials created by Cambodia’s new investment law and its sub-decrees to their colleagues back home. ...
Hin Pisei
https://www.phnompenhpost.com/business/new-investment-law-entices-hong-kong-investors
CDC encourages investment from Islam World members
Sun Chanthol, first vice-president of the Council of the Development of Cambodia (CDC), encouraged entrepreneur members of the Malay World Islam World (DMDI) to consider investing in the Kingdom, highlighting the many incentives in place to reward economic opportunities in the country. ...
Van Socheata
https://www.phnompenhpost.com/business/cdc-encourages-investment-islam-world-members
Nearly 30,000 firms with $8.6B capital register on OBRS
Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs
Nearly 30,000 firms with $8.6B capital register on OBRS
Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs
CDC approves $34.6 million worth of investment projects
Six new investment projects with a total capital of $34.6 million have been approved by the Council for the Development of Cambodia (CDC). ...
Khmer Times Staff
https://www.khmertimeskh.com/501361374/cdc-approves-34-6-million-worth-of-investment-projects/
CDC urges Xiamen investors to tap vast opportunities in Kingdom
The Council for the Development of Cambodia (CDC) has sought investments from potential investors from China’s Xiamen city of the Fujian province amid the Kingdom setting records in terms of Foreign Direct Investments (FDIs) during the current year. ...
Nheng Chamrong
https://www.khmertimeskh.com/501359497/cdc-urges-xiamen-investors-to-tap-vast-opportunities-in-kingdom/
Koh Kong plans new SEZs to ‘boost’ trade
A senior official from the Koh Kong Provincial Administration has revealed that the government has plans to establish two additional special economic zones (SEZs) in Botum Sakor district. ...
Van Socheata
https://www.phnompenhpost.com/national/koh-kong-plans-new-sezs-boost-trade
Cambodia-US 8-month trade slips 5%
Exports from Cambodia to the US in the first eight months of 2023 dipped 4.8 per cent to $6.1 billion, compared to the same period in 2022, according to the General Department of Customs and Excise of Cambodia (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-us-8-month-trade-slips-5
Sun Chanthol visits Sihanoukville Port Special Economic Zone
Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, on Sep 11, visited Sihanoukville Port Special Economic Zone. ...
Khmer Times Staff
https://www.khmertimeskh.com/501358469/sun-chanthol-visits-sihanoukville-port-special-economic-zone/
SEZs drive $26B exports since 2011
Cambodia has 24 special economic zones (SEZ) operating from 2016 to the end of the first half of 2023, with capital investment of $8.1 billion, mainly in sectors such as garment, footwear and travel products, auto parts, electronics, car tyre manufacturing, automotive and bicycle assembly. ...
May Kunmakara
https://www.phnompenhpost.com/business/sezs-drive-26b-exports-2011
Cambodia, China to sign 6 more MoUs to enhance investment cooperation
The Council for the Development of Cambodia (CDC) and China’s ministry of commerce are expected to sign six more memoranda of understanding (MoUs) to enhance comprehensive investment cooperation that covers the promotion of investment in the digital sector, new types of industrialisation, green development and ...
Khmer Times Staff
https://www.khmertimeskh.com/501358251/cambodia-china-to-sign-6-more-mous-to-enhance-investment-cooperation/
Chinese official pledges more investment
A Chinese official with the Chinese embassy in Phnom Penh has pledged to increase bilateral trade between Cambodia and China by encouraging Chinese investors to invest in all sectors in the Kingdom. ...
Hin Pisei
https://www.phnompenhpost.com/business/chinese-official-pledges-more-investment
An electric substation development project approved by CDC
A project to develop a substation and a 230-kilovolt high-voltage electricity transmission line from Kampong Cham province to Kratie province has been approved by the Council for the Development of Cambodia (CDC). ...
Khmer Times Staff
https://www.khmertimeskh.com/501357096/an-electric-substation-development-project-approved-by-cdc/
Japan policy dialogue set for November
Following a hiatus due to the Covid-19 pandemic, Cambodia and Japan are expected to hold their 14th policy consultation meeting in November, according to the Council for the Development of Cambodia (CDC). ...
Hin Pisei
https://www.phnompenhpost.com/business/japan-policy-dialogue-set-november
Online biz registrations surging
The total capital of 28,618 companies registered in the online business registration system jumped to $8.4 billion as of Aug 27, compared to 20,693 companies with a total capital of $5.8 billion at the start of 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/online-biz-registrations-surging
Kampong Speu cement factory to ‘cut imports, lift production’
A $258 million cement factory in Kampong Speu, approved by the Council for the Development of Cambodia (CDC) on August 24, is expected to raise the nation’s cement production capacity to more than 10 million tonnes per year. ...
Hin Pisei
https://www.phnompenhpost.com/business/kampong-speu-cement-factory-cut-imports-lift-production