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In the first eleven months of 2023, Cambodia exported goods worth $8,144 million to the US, a decrease of 0.89 percent compared to the same period in 2022, according to a report from the Ministry of Commerce. Despite this slight decline, shipments to the US still accounted for 38.25 percent of Cambodia’s total export volume…
In an exciting development for the agricultural industry in Cambodia, the Ministry of Commerce and CP Cambodia have signed a Memorandum of Understanding (MoU) to strengthen trade in meat and meat products and enhance food safety. The signing ceremony, held at the Ministry of Commerce, marks a significant collaboration between the government and the private…
Cambodia’s export sector has showcased resilience and growth, reaching an impressive milestone of over $20.49 billion in the January-November period this year, marking a commendable 1.2 percent increase compared to the same period last year, as per a report from the General Department of Customs and Excise. Highlighting the nation’s global reach, the United States…
Despite facing challenges in the consumer electronics market, Cambodia is poised to benefit from the growth trend projected in the sector globally. According to Statista, the revenue in the consumer electronics market is expected to hit US$883.7m in 2023, with a Compound Annual Growth Rate (CAGR) of 3.15% between 2023 and 2028. The market’s largest…
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…
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…
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…
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…
Several Indonesian companies have expressed interest in Cambodia’s food and beverage (F&B) sector due to the country’s substantial market potential, according to industry insiders. During the 38th Trade Expo Indonesia (TEI) held in Jakarta, representatives from these companies stated that Cambodia’s F&B space offered significant growth prospects and lucrative opportunities. Anrio Delon, International Business Assistant…
A delegation of Vietnamese investors, led by first deputy secretary Nguyen Duc Phong of the Vietnam Communist Party’s Central Committee for State-Owned Enterprise, recently expressed their interest in expanding investments in Cambodia and sought the government’s support in this endeavor. During a meeting with Chea Vuthy, deputy secretary-general of the Council for the Development of…
Cambodia is seeking to expand its investment ties with the Chinese province of Guangzhou. Deputy Prime Minister Sun Chanthol, along with a delegation, recently visited the Chinese city in a bid to attract new businesses and investors to Cambodia. The representatives were welcomed by Qun Ge, CEO of the Guangzhou International Corporate Incubator, a recently-launched…
During a meeting at the 3rd Road and Belt Forum for International Coordination in Beijing, Prime Minister of Cambodia, Dr. Hun Manet, and Ms. Wen Jia, President of Alibaba Group’s Public Affairs Department, discussed the collaboration between Alibaba and Cambodia. They expressed their gratitude for the Memorandum of Understanding (MOU) signed between the Ministry of…
