Economy and commerce
Trade
Kingdom preps for China trade center
Cambodia plans to open a trade center in China this year and the Commerce Ministry is hoping the initiative broadens economic relations and cultural exchange. Soeng Sophary, spokeswoman for the Commerce Ministry, told Khmer Times that a group of delegates from the ministry are currently in ...
Cambodia’s rice exports fall sharply
Cambodia’s milled rice exports only grew by a dismal 0.7 percent last year compared with 2015 and this was the lowest since 2014, according to government figures released on January 5. “Last year Cambodia only exported 542,144 tons of milled rice and the lowest exports ...
Coal piles up as VN firms prefer imports
According to statistics from the General Customs Department, as of December 15 Viet Nam had imported a total 13 million tonnes of coal worth US$860 million during the year, more than four times the targeted 3 million tonnes. Why did coal purchases increase so sharply? ...
Sugar and pepper get protection
Geographical indication status for Kampot pepper and Kampong Speu palm sugar has been accepted in Vietnam. The agreement gives legal protection to both products and stops unscrupulous traders in Vietnam passing off local produce as Cambodian. The deal was reached last Wednesday after negotiations involving the ...
Export licenses for Vietnam
The Ministry of Commerce is calling for producers and exporters who have been dealing in dried tobacco leaves and milled rice to apply for licenses to export to Vietnam. Vietnam agreed to waive all duties on 300,000 tons of rice and 3,000 tons of dried tobacco ...
Vientiane targets economic growth of 11 percent
Vientiane authorities are aiming to grow the capital’s economy by 11 percent this year and expect that GDP will increase by 41.6 trillion kip. It is also anticipated that the capital’s residents will have an annual average per capita income of US$5,000. The agriculture and ...
VN sugar production down 13%
Sugar output in the 2015-16 crop was 1.23 million tonnes, a year-on-year drop of 12.7 percent, said Phạm Quốc Doanh, Chairman of the Việt Nam Sugarcane and Sugar Association, at a seminar in HCM City last week of sugar producers, distributors and consumers. Together with 185,000 ...
Cambodia, Russia discuss trade
Since reaching a deal to import agricultural products from the kingdom to Russia in mid-2016, Cambodia and Russia have now started talks on boosting trade involving agriculture, garments and oil. Cambodia asked Russia to import milled rice, sugar and garment products to comply with the agreement ...
Import ban on petrol aims at plugging leaks
Cambodia will prohibit land-based imports of refined petroleum products from January 1 to eliminate smuggling along the country’s borders and improve the efficiency of customs revenue collection, officials said on December 29. According to the General Department of Customs and Excise, which announced the ban ...
Port plan to lower freight costs
A massive $300 million expansion of the Kingdom’s principal seaport announced this week will significantly improve supply chain logistics, reduce transport costs, and increase the competitiveness of Cambodian goods in international markets, private sector leaders said on December 29. Sin Chanthy, president of the Cambodia ...
