Business News

This Year’s CIEGE to Attract Up to 300 Booths

AKP Phnom Penh, October 08, 2024 -- The 17th Cambodian and Import/Export Goods Exhibition (17th CIEGE) will attract some 250 to 300 booths from Ministry of Commerce, Capital/Provincial Departments, Foreign Embassies in Cambodia, local and foreign private companies and so on. The information was shared here on Oct. 7 by H.E. Samheng Bora, Secr...

Cambodia, 2nd Largest Exporter of Cashew in the World

AKP Phnom Penh, September 13, 2024 -- During the first seven months of 2024, Cambodia has produced more than 830,000 tonnes of raw cashew nuts, up 36.7 percent, making it the world's second-most cashew exporting country. According to the Ministry of Agriculture, Forestry, and Fisheries, so far, Cambodia has been using over 580,000 hectares of la...

Cambodia Attracts 53 Investment Projects worth Over US$1.2 Billion in August

AKP Phnom Penh, September 09, 2024 -- In August 2024 alone, the Council for the Development of Cambodia (CDC) has granted green light to 46 new investment projects and 7 production expansion projects with a total capital of more than US$1.2 billion. The figures were shared by a CDC’s press release made public on Sept. 9, adding that the newly...

Some 140-Million-Worth Tire Company Opened at UBE Snuol SEZ in Kratie Province

AKP Phnom Penh, September 06, 2024 -- Some 140-million-worth Newbustar (Cambodia) Tire Co., Ltd. was officially opened at UBE Snuol Special Economic Zone (SEZ) in Kratie province this morning, under the presidency of H.E. CHEA Vuthy, Secretary General of the Cambodian Investment Board of the Council for the Development of Cambodia (CDC). Addr...

Cambodia Bags US$305 Million from Rice Export in Eight Months

AKP Phnom Penh, September 06, 2024 -- Cambodia exported a total of 412,023 tonnes of milled rice in the first eight months of 2024, earning a revenue of US$305million, the Cambodia Rice Federation said in a news release on Friday. Some 53 companies shipped milled rice to 64 countries and regions during the January-August period, the source sa...

CDC Approves Nearly 400 Investment Projects worth Over US$7.5 Billion in One Year

AKP Phnom Penh, August 28, 2024 -- In the first year of the 7th-mandaate Royal Government of Cambodia, from September 2023 to August 2024, the Council for Development of Cambodia (CDC) has granted licences to 391 new investment projects and production expansion projects with a combined capital of more than US$7.5 billion. The figures show an...

US$7.6 Billion Investment Projects Approved during First Year of 7th Mandate Government

AKP Phnom Penh, August 22, 2024 -- A total of 391 investment projects with a combined capital of about US$7.6 billion were endorsed by the Council for the Development of Cambodia (CDC) between September 2023 and July 2024. The figures were shared by Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of the Kingdom of Cambodia, in his spec...

Cambodia Exports Nearly US$97 Million worth of Fresh Bananas in First Seven Months

AKP Phnom Penh, August 21, 2024 -- Cambodia has exported some 143,481 tonnes of fresh yellow bananas in the first seven months of this year, a decline by 20.59 percent over the same period in 2023, a report from the Ministry of Agriculture, Forestry, and Fisheries (MAFF) showed. The banana exports generated a total income of more than U...

Sihanoukville Autonomous Port Generates some US$52 Million in Revenue in First Semester

AKP Phnom Penh, August 16, 2024 -- Sihanoukville Autonomous Port (PAS), Cambodia's largest port, has reported a significant increase of about 25 percent in revenue in the first six months of this year. According to its Second Quarterly Report 2024, PAS generated approximately US$52 million in revenue during the first half of 2024, up more tha...

Cambodia-Vietnam Bilateral Trade Increases by 23.5% in Seven Months

AKP Phnom Penh, August 15, 2024 -- The two-way trade between Cambodia and Vietnam has reached US$4.6 billion in the first seven months of this year, a year-on-year increase by 23.5 percent. According to data from the Ministry of Economy and Finance’s General Department of Customs and Excise (GDCE), from January to July 2024, Cambodia exported...

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