The economy, investment, trade and the companies building Cambodia. · 905篇文章
The Council for the Development of Cambodia (CDC) is currently reviewing 12 new investment projects, with a total capital of $135 million, that have the potential to generate approximately 7,000 jobs. A meeting to evaluate these projects and assess their eligibility for official registration took place at the CDC headquarters on February 4. The session…
Phnom Penh, Feb. 4 – The Ministry of Commerce and ABA Bank have entered into a strategic partnership to strengthen Cambodia’s financial sector and promote digital transformation in public services. A memorandum of understanding (MoU) formalizing the cooperation was signed in Phnom Penh on February 3, under the presidency of H.E. Buon Sarakmony, Secretary of…
H.E. Samheng Bora, Secretary of State of the Ministry of Commerce and Chairman of the Export Promotion Task Force, met on January 29 with Mr. Akira Sasaki, Managing Director of Inoue Calcium Corporation, to discuss the expansion of Cambodia’s cashew nut and pepper exports to Japan. The meeting, attended by senior officials from the Ministry…
Nippon Koei Business Partners Co., Ltd. has expressed interest in investing in Cambodia’s cashew processing sector, focusing on producing cashew nut-based products such as vinegar and oil, as well as utilizing cashew shells for animal feed. The company’s investment interest was highlighted by Mr. Tsutomu Tamura, Deputy General Manager of Nippon Koei Business Partners Co.,…
Preah Vihear province has inaugurated a new natural rubber processing plant, opening up fresh market opportunities for the resource while enhancing livelihoods and promoting ecological balance. Deputy Prime Minister and Minister of Civil Service H.E. Hun Many presided over the inauguration ceremony of the facility, which is operated by domestic investor Try Pheap Import Export…
Cambodia’s exports to the United Kingdom reached nearly $1 billion in 2024, marking a 20.4% year-on-year increase and highlighting the UK as Cambodia’s 10th-largest trading partner. The total trade volume between the two nations rose to $1.012 billion, up 16% from 2023, according to the General Department of Customs and Excise (GDCE). Of this trade,…
The Government of Japan has committed US$192,509 to construct two primary schools in Pursat and Banteay Meanchey provinces. The initiative falls under the framework of the Grant Assistance for Grassroots Human Security Projects, known as KUSANONE. The grant contracts were signed late last week in Phnom Penh by H.E. Ueno Atsushi, Ambassador of the Embassy…
Cambodia’s primary exports in 2024 included textiles, electronic components, rice, and solar panels. However, a recent business forum shed light on additional sectors ripe for investment, urging global investors to consider the Kingdom as a prime destination for capital. At the “Cambodia-Philippines Business Forum,” held in Phnom Penh on January 22-23, Lim Socheat, vice-president of…
A delegation from the Women’s Business Council of the Philippines, led by its Chairperson Ms. Rosemarie P. Rafael, visited Cambodia to strengthen cooperation and foster business relationships with Cambodian women entrepreneurs. On January 22, the delegation attended a reception dinner hosted by H.E. Ing Kantha Phavi, Minister of Women’s Affairs, at Kravanh Restaurant in Phnom…
The Royal Group Phnom Penh Special Economic Zone (RGPPSEZ) announced a record-breaking export value of $1.88 billion in 2024, representing a 16% increase from the previous year. This achievement highlights the critical role of RGPPSEZ and other special economic zones (SEZs) in driving Cambodia’s industrial growth and attracting foreign investment. Exports from RGPPSEZ’s more than…
The industrial sector is set to drive Cambodia’s economic growth in 2025, with an anticipated expansion of 8.6%, according to the Budget in Brief Fiscal Year 2025 released by the Ministry of Economy and Finance. This follows a growth rate of 8.5% in 2024, cementing the sector’s pivotal role in the Kingdom’s development. Despite facing…
Special Economic Zones (SEZs) have emerged as powerful engines for Cambodia’s industrialization and economic transformation. These zones offer tax incentives, simplified customs procedures, and modern infrastructure, creating an attractive investment environment for both domestic and international businesses. This article explores the historical context, economic impact, and future potential of Cambodia’s SEZs. Historical Context and Establishment…
The Ministry of Industry, Science, Technology & Innovation (MISTI) has officially introduced a new online filing service for patents, utility models, and industrial designs, marking a significant advancement in modernising Cambodia’s intellectual property (IP) infrastructure. The launch event, presided over by H.E. Minister HEM Vanndy, was attended by representatives from various ministries, private sector entities,…
