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Business News

Almost US$8 Million Investment Projects Approved by CDC

AKP Phnom Penh, July 23, 2021 -- The Council for the Development of Cambodia (CDC) has approved two new investment projects with a total capital of US$7.8 million. According to a CDC’s press release made public this afternoon, Cathaya (Cambodia) Co., Ltd. will invest US$2.8 million for the creation of a textile factory, while CK...

Bicycle Export Nets Almost US$250 Million in First Semester

AKP Phnom Penh, July 22, 2021 -- Cambodia exported US$247.5 million worth of bicycles to foreign markets in the first half of this year, inching down 4.2 percent compared to the same period last year. Data from Ministry of Commerce showed that from January to June, 1,259,310 units of bicycles have been shipped, up 1.8 percent from 1,236...

US$51 Million Investment Projects Approved by CDC

AKP Phnom Penh, July 21, 2021 -- Four private companies – Hong Cen Max Leather Products Co., Ltd., Remstex Fashion Co., Ltd., Top Form (Cambodia) Manufacturing Company Limited, and New Wide Apparel Co., Ltd. – have just received green light from the Council for the Development of Cambodia (CDC) for their investment projects. According to a CD...

Export of Non-garment Products Rises by Some 50%

AKP Phnom Penh, July 15, 2021 -- Cambodia exported nearly US$1.9 billion worth of non-garment products to foreign markets in the first six months of 2021. The figure shows an increase of US$632.5 million or some 50 percent compared to the same period last year, pointed out a press release of the General Department of Custom...

Cambodia-South Korea Trade Rises to US$377 Million in First Five Months

AKP Phnom Penh, July 06, 2021 -- Bilateral trade between Cambodia and South Korea was valued at US$377 million in the first five months of this year, a 6.2 percent increase compared to the same period last year. Data from the Korea International Trade Association showed that from January to May, Cambodia exported US$139 million worth of goods...

OECD-FAO Outlook Sees Big Rice Exporters Losing Market Share to Cambodia and Myanmar

AKP Phnom Penh, July 06, 2021 -- Cambodian rice exporters are likely to benefit as the market share of top exporters India, Thailand, Viet Nam, Pakistan and the United States declines over the next 10 years. The projection appears in the annual agricultural outlook by the Organisation for Economic Cooperation and Development (OECD) — a club o...

Bilateral Trade with China Rises by 25% in First Five Months

AKP Phnom Penh, July 02, 2021 -- The two-way trade between Cambodia and China saw a year-on-year increase of 25.09 percent to more than US$3.9 billion in the first five months of 2021. Figures from the Ministry of Commerce show that from January to May 2021, Cambodia exported over US$558 million worth of goods to China, up 56.42 percent compa...

Cambodia Exports 132,000 Tonnes of Rubber in First Semester

AKP Phnom Penh, July 02, 2021 --- Cambodia exported 132,174 tons of rubber latex in the first semester of this year, an increase by 7.18 percent compared to the same period last year. Figures from Minister of Agriculture, Forestry and Fisheries, the export generated almost US$222 million. The average price of rubber during a January-June p...

Over 3 Million Tonnes of Agricultural Products Exported during First Half

AKP Phnom Penh, July 02, 2021 -- Cambodia exported 3,270,902 tonnes of agricultural products, besides milled rice, to foreign markets during the first six months of this year, despite the global COVID-19 crisis. Report from the Ministry of Agriculture, Forestry, and Fisheries shows that the exported agricultural products included mainly cassa...

Cambodia’s Milled Rice Export Amounted to Over 280,000 Tonnes in First Six Months

AKP Phnom Penh, July 02, 2021 -- Cambodia exported 280,450 tonnes of milled rice during the first six months of this year, a decline of 29.47 percent compared to the same period last year. The figure was shared recently by H.E. Veng Sakhon, Cambodian Minister of Agriculture, Forestry, and Fisheries. Cambodia’s milled rice was shipped to 47...

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