The economy, investment, trade and the companies building Cambodia. · 906 អត្ថបទ
The Ministry of Commerce (MoC) is committed to strengthening bilateral trade ties with the United Arab Emirates (UAE) through the Cambodia-UAE Comprehensive Economic Partnership Agreement (CAM-UEA CEPA). The MoC aims to enhance cooperation in the digital sector, environment, competition, and youth capacity development to adapt to the rapid technological advancements. Minister of Commerce Cham Nimul…
The new international airport in Phnom Penh, named Techo International Airport, is inching closer towards completion as the construction process has reached 55% completion as of November, according to the State Secretariat of Civil Aviation (SSCA). The airport, which is a joint venture between the Royal Government of Cambodia and the Overseas Cambodia Investment Corporation…
The Council for the Development of Cambodia (CDC) has recently granted licenses to 13 new investment projects, showcasing the country’s commitment to economic growth and development. These projects have a total investment of over $130 million and are expected to create numerous job opportunities. One of the notable projects is Justmarvelous Co., Ltd., which aims…
Investing in the stock market is not only reserved for the wealthy and experienced investors but is, in fact, a wise financial decision that every younger generation should consider. The stock market offers a promising opportunity to build wealth and gain financial independence over time. While investing in the stock market may seem unfamiliar or…
Techo Startup Centre recently organized a two-day Digital Business Expo at the Sofitel Phnom Penh Phokeethra, focusing on the theme of Startup, Innovation, and Technology in the Context of the Digital Economy and Society. The event, held from November 22 to 23, received support from the Ministry of Economy and Finance and the Capacity Building…
Cambodia and Japan are marking the 70th anniversary of their diplomatic relations with a focus on further strengthening their bilateral ties. Various events have taken place in commemoration, including a forum at the Royal Academy of Cambodia and a stunning fireworks display in Phnom Penh. During these events, both sides expressed gratitude for the mutual…
Trade between Cambodia and Vietnam for the first ten months of 2023 reached nearly $5.3 billion, marking an increase of more than 5% compared to the same period in 2022. Cambodia’s General Department of Customs and Excise (GDCE) reported that Cambodian exports to Vietnam were valued at around $2.3 billion, indicating a significant growth of…
In a move to enhance cross-border mobile payments in the region, the National Bank of Cambodia has signed a Memorandum of Understanding (MoU) with Ant International. This partnership aims to facilitate efficient and secure payments through QR codes using KHQR. The collaboration will connect Bakong’s network with Alipay+’s payment partners and global traders. Users and…
A motorbike dealer in Vietnam has recently brought in a shipment of the latest model of the Honda Dream, a nostalgic vehicle that was popular several decades ago. The previous version of the bike used to sell for VND100 million ($3,970), but the new model is priced at $2,500 in Cambodia, where they are imported…
In a historic gathering at the Peace Palace, Prime Minister Hun Manet affirmed the indispensable partnership between the Cambodian government and the private sector in driving the nation’s economic development. The 19th Government-Private Sector Forum (G-PSF), attended by various private sectors, foreign chambers of commerce, and ambassadors to Cambodia, marked a pivotal moment in shaping…
In the third quarter of 2023, Cambodia’s insurance industry demonstrated resilience and growth, marking a notable uptick in premiums compared to the same period the previous year. According to a report released by the Insurance Regulator of Cambodia (IRC), the sector recorded a premium of $87.3 million, reflecting a 2.6 percent increase from $85 million…
Cambodia’s budgetary central government (BCG) revenue has reached over $4.6 billion in the first nine months of 2023, representing nearly 73% of the year’s financial target. While this marks a slight decline compared to the previous year, the Ministry of Economy and Finance remains optimistic. During January to September, the government collected around $4.64 billion,…
In a heartening development for trade and diplomatic ties, the Ambassador of Indonesia to Cambodia, Dr. Santo Darmosumarto, has expressed unwavering optimism about the burgeoning trade potential between the two countries. At a recent business dinner hosted by the Indonesian embassy, Ambassador Darmosumarto confidently predicted that the trade value between Indonesia and Cambodia could soar…
