Cambodia and Vietnam have commended the significant increase in bilateral trade despite the disruptions caused by the Covid-19 pandemic and stressed their commitment to further boost the trade relations. The remarks were made at a meeting between Cambodian Prime Minister Hun Sen and Nguyen Xuan Phuc, President of the Socialist Republic of Vietnam, on September […]
Read MoreThe World Bank has raised its growth forecast for Cambodia to 4.8 percent this year, up from its April projection of 4.5 percent, despite worsening global demand and rising commodity prices. Traditional export-oriented growth drivers, especially the garment, footwear, travel goods, and bicycle manufacturing industries as well as agriculture, continued to underpin Cambodia’s economic recovery, […]
Read MoreTrade between Vietnam and Cambodia reached a record $7.7 billion in the first eight months of the year. Vietnam’s exports rose by 32% year-on-year to $4.1 billion, as the country turned last year’s deficit into a surplus, according to its customs department. The biggest item was iron and steel, accounting for 17% of the total, […]
Read MoreVietnam’s exports to Cambodia in the first eight months of 2022 reached the highest scale compared to the same period in previous years. Cambodia is the 11th largest export market among markets, accounting for nearly 1.7% of Vietnam’s total export turnover. Compared to the same period last year, exports to Cambodia increased at a relatively […]
Read MoreDC: An International Monetary Fund (IMF) team led by Alasdair Scott held meetings with the Cambodia authorities for the 2022 Article IV consultation [1] during September 7-20, 2022. At the end of the mission, Scott said that “The Cambodian economy has been recovering, but faces new challenges. “GDP growth rebounded in the second half of […]
Read MoreThe Asian Development Bank (ADB) maintained its economic growth forecast for Cambodia at 5.3 percent in 2022, but lowered the 2023 forecast to 6.2 percent from the earlier prediction of 6.5 percent due to weaker global growth, according to its updated outlook report released on Wednesday. Cambodia’s garments, travel goods, and footwear outputs remained robust, […]
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