Cambodia, which exports half of its rice production to Vietnam, is seeking to export directly its surplus harvest to the Philippines, according to the Department of Trade and Industry (DTI). Newly confirmed DTI Secretary Alfredo E. Pascual met today, Feb. 2, with high-level Cambodian delegation led by Secretary of State Kim Chan Sokty of the […]
Read MoreCambodia confirmed its readiness to exit the Least Developed Countries (LDC) status, saying that studies on the impacts of the exit, challenges and the loss of trade preference schemes have been made. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, requested the Ministry of Commerce to strengthen the government’s readiness to exit […]
Read MoreThe number of consumer credit applications for loans in the form of personal finance, credit card, or mortgages decreased by 4 percent in the fourth quarter of 2022 compared with the last quarter, according to the Consumer Credit Index of the Credit Bureau Cambodia (CBC). While applications for personal finance declined 6 percent, credit card […]
Read MoreThe Economic Intelligence Centre of the Siam Commercial Bank forecasts the CLMV countries, namely Cambodia, Laos, Myanmar and Vietnam, will gain a stronger growth momentum in 2023, but remain below its growth potential prior to the COVID-19 outbreaks. The rebound will be uneven across countries, depending on economic fundamentals and country-specific risks, the centre said […]
Read MorePrime Minister Hun Sen lauded the General Department of Taxation (GDT) for its efforts in collecting tax revenue that exceeded the budget plan in 2022, adding that the increased tax revenue contributed to the national economic development. The Prime Minister made the remarks during his message to GDT general director Kong Vibol. According to a […]
Read MoreThe Cambodia Rice Federation has set an ambitious goal to export at least a million tons of milled rice by 2025, an over 50 percent increase compared to the export figure in 2022. By 2023, Cambodia is looking to reach milled rice exports of 750,000 tons, an 18 percent increase compared to exports of 637,004 […]
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