Prior to the Covid-19 pandemic, Cambodia was a world leader in economic growth and poverty reduction. It sustained an average growth rate of 7.7% between 1995 and 2019, raising its per capita income from $323 in 1995 to $1,621 in 2019, and…
Business leaders in Cambodia say there are plenty of opportunities for growth this year due to increased online transactions, the opportunity to collect and monetise the data gleaned from a growing digital economy, incentives provided by the new investment law,…
On June 9, 2021, Cambodian Prime Minister Hun Sen signed a sub-decree that will make Sihanoukville province a multi-purpose SEZ. The designation stands to give Sihanoukville province more latitude in structuring development initiatives and investment incentives into a wider array…
Estimated value of Cambodia’s agricultural exports (excluding fishery products, animal and forest products and rubber wood) to an estimated 68 countries in the first 10 months of 2021 was valued at more than $4billion. According to a report from Veng…
Bilateral trade between Cambodia and the US amounted to $614.5 million in the first month of this year, up 4.89 per cent over the $585.8 million posted in January 2020, data from the US Census Bureau show. The Kingdom exported…
The Japanese government will assist the Cambodian General Department of Customs and Excise of Cambodia (GDCE) in setting up an automated customs clearance system that will speed up cargo clearance time, alleviating congestion problems that slow the process. The GDCE…
The Kingdom has officially launched a “National Cassava Policy” (NCP) to boost domestic production, processing and commercialisation for export to international markets in line with the government’s Industrial Development Policy for 2015-2025. The NCP is a joint effort by the…
The Secretary-General of the Cambodia Development Council (CDC) Sok Chenda Sophea has held a meeting, to solicit opinions from all parties and improve the draft content of the new Investment Law. Permanent Secretary of State of the Ministry of Finance…
Cambodia exported more than 3.58 million tonnes of milled rice and paddy worth more than $1.26 billion in 2020, according to Minister of Agriculture, Forestry and Fisheries Veng Sakhon. Outbound shipments of milled rice accounted for 690,829 tonnes worth nearly…
Cambodian importers and exporters can now apply for ASEAN Customs Declaration Documents (ACDD) electronically through the ASEAN Single Window (ASW), the General Department of Customs and Excise of Cambodia (GDCE) said on December 24. The documents will be recognised by…