Business News

Cambodian Cashew Nuts Showcased at World Cashew Conference in Dubai

AKP Phnom Penh, February 24, 2025 -- Cambodia’s cashew nut producers and exporters in collaboration with the Ministry of Commerce showcased cashew nuts at the World Cashew Conference 2025, held from Feb. 21 to 23 in Dubai, United Arab Emirates. A Cambodian delegation led by H.E. Samheng Bora,...

Cambodia’s Banking and Financial Industry Sees Slow Credit Growth in 2024

AKP Phnom Penh, February 20, 2025 -- Cambodia’s banking and financial industry saw a slow credit growth at 3 percent in 2024 with outstanding loans amounted to US$59.9 billion, according to the annual report of the National Bank of Cambodia (NBC) on Feb. 20. The customers’ deposits increased b...

50,000 to 60,000 Tonnes of Cambodia's Rubber Sold Annually to China's Tire Manufacturer

AKP Phnom Penh, February 18, 2025 -- A tire manufacturer, Double Star, buys from 50,000 to 60,000 tonnes of local rubber annually to supply its tire production chain at its factory in Cambodia's Kratie province. The figures were reported by Double Star's management when receiving a group of ov...

Cambodia Exports Nearly 60,000 Tonnes of Milled Rice in January

AKP Phnom Penh, February 14, 2025 -- Cambodia exported 59,086 tonnes of milled rice to foreign markets in the first month of this year, earning some US$48 million in revenue, a report from the Cambodia Rice Federation showed on Feb. 14. The commodity was exported by 39 rice exporters to 45 des...

Cambodia’s Exports Reach US$2.3 Billion in January

AKP Phnom Penh, February 10, 2025 -- Cambodia exported US$2.3 billion worth of merchandise in January 2025, a year-on-year increase of 17.3 percent, said a report from the General Department of Customs and Excise of Cambodia on Feb. 10. The U.S and Vietnam were the Kingdom’s biggest buyers wit...

BYD Establishes Vehicle Assembly Plant in Sihanoukville Special Economic Zone

AKP Phnom Penh, February 06, 2025 -- China’s largest electric car manufacturer BYD has decided to step in Cambodia by investing to build a vehicle assembly plant in the Sihanoukville Special Economic Zone, Preah Sihanouk province. The Council for the Development of Cambodia (CDC) has issued a...

Cambodia Approves US$748 Million Investment Projects in January

AKP Phnom Penh, February 05, 2025 -- Cambodia approved 64 new investment projects and 4 production expansion projects worth in total US$748 million in January this year, generating almost 46,000 jobs for the locals, said a report of the Council for the Development of Cambodia (CDC) released on We...

Cambodia’s Potential Agricultural Products See Significant Surge in Export in 2024

AKP Phnom Penh, February 04, 2025 -- Cambodia saw a significant surge in the export of agricultural products last year, driven by potential agricultural products including rice, cassava and cashew nuts. The main products Cambodia exported in the said period included rice, bananas, mangoes, cas...

Cambodia’s Trade with ASEAN Up 12.4 percent in 2024

AKP Phnom Penh, January 28, 2025 -- Cambodia’s trade volume with other ASEAN member states reached US$15.69 billion in 2024, up 12.4 percent from US$13.96 billion in the previous year, a report from the Ministry of Commerce showed. The country exported US$5.07 billion worth of products to ASEA...

Cambodia’s GFT Exports See Strong Growth in 2024

AKP Phnom Penh, January 28, 2025 -- Cambodia exported a total of US$13.92 billion worth of garment, footwear, and travel goods (GFT) in 2024, a significant increase of 23 percent compared to 2023, according to a report from the Ministry of Commerce. The report said that the garment export was...

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