Business News

MoUs Signed to Boost Cashew Nut and Mango Exports

AKP Phnom Penh, January 24, 2025 -- Two local agricultural processing companies – Kirirom Food Production Co., Ltd. and Ample Agro Product Co., Ltd. – have signed separate memorandums of understanding with Malaysia’s Trackintech Solutions SND BHD on cooperation to strengthen and expand internatio...

Ministry of Commerce Expands Cashew Nut Market to Japan

AKP Phnom Penh, January 22, 2025 -- The Ministry of Commerce has sought to expand market for Cambodian cashew nuts to Japan. H.E. Samheng Bora, Secretary of State at the Ministry of Commerce and Chairman of the Export Promotion Task Force, along with H.E. Nam Lynal, Under Secretary of State at...

Cambodia’s Export to RCEP Reaches US$9 Billion in 2024

AKP Phnom Penh, January 21, 2025 -- Cambodia exported US$9,060 million worth of products to the Regional Comprehensive Economic Partnership (RCEP) countries in 2024, up 12.7 percent from US$8,038 million in 2023, a report from the Ministry of Commerce shows on Jan. 21 . At the same time, the K...

PPAP Sees Increasing Container Throughput in 2024

AKP Phnom Penh, January 16, 2025 -- The listed-Phnom Penh Autonomous Port (PPAP), the second largest port in the country, witnessed remarkable growth in container throughput last year, according to a Business Outcome filed to the Cambodia Securities Exchange. The PPAP handled container through...

China Remains Cambodia’s Largest FDI Source

AKP Phnom Penh, January 13, 2025 -- China has been Cambodia’s largest source of foreign investment, accounting for almost 50 percent of the total investment amount last year, according to a report from the Council for the Development of Cambodia (CDC). Figures from the CDC showed that th...

US$500-worth Tyre Factory Breaks Ground in Svay Rieng Province

AKP Phnom Penh, January 13, 2025 -- Another new tyre manufacturer has broken ground on Jan. 12 in a special economic zone in Bavet city, Svay Rieng province with an investment capital of approximately US$500 million, expecting to create approximately 1,000 jobs for the locals. The groundbreaki...

New Special Economic Zone Launched in Sihanoukville

AKP Phnom Penh, January 11, 2025 -- ISI Special Economic Zone, a new landmark development spanning over 800 hectares in Sihanoukville, Preah Sihanouk province, spearheaded by ISI GROUP in collaboration with capital partners, was officially launched on Jan. 10. The grand launching ceremony was...

Cambodia Earns Nearly US$500 Million from Milled Rice Export in 2024

AKP Phnom Penh, January 11, 2025 -- Cambodia exported some 651,000 tonnes of milled rice to international markets last year, a slight decrease of 0.7 percent from 656,000 tonnes in 2023, according to a report from the Cambodia Rice Federation. However, the Kingdom earned US$491 million from ri...

Cambodia Attracts US$6.9 Billion Investments in 2024

AKP Phnom Penh, January 11, 2025 -- Cambodia attracted 414 investment projects worth US$6.9 billion in 2024, up 40 percent from US$4.92 billion in 2023, generating over 320,000 jobs, a report from the Council for the Development of Cambodia (CDC) showed. The new investment projects mainly focu...

Potential Agricultural Products See Remarkable Surge in Exports

AKP Phnom Penh, January 10, 2024 -- Cambodia saw a significant surge in export of potential agricultural products in the first 11 months in 2024. The main products Cambodia exported in the said period included rice, bananas, mangoes, cassava, cashew nuts, corn, pepper and tobacco. From Janu...

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