Trade between Cambodia and the US rose by 38 per cent last year, totalling $5.4 billion.
The Ministry of Commerce on Monday called on the private sector to showcase their products and seek business partners at the upcoming “Cambodia Festival 2020” which will be held in Tokyo, Japan from May 2-3.
Trade between Cambodia and Japan increased by nearly 13 per cent last year compared with 2018, the Japan External Trade Organisation (Jetro) said.
A group of investors from Taiwan plan to visit Cambodia in March to seek investment opportunities and tap into the Kingdom’s economic growth, said Cambodia Chamber of Commerce (CCC) director-general Nguon Meng Tech.
Reactions to Cambodia’s economic and political outlooks for this year have been mixed as the possible loss of the EU’s Everything But Arms (EBA) scheme in February looms.
Cambodia's outward direct investment declined 13.45 per cent during the first nine months of last year compared to the same period in 2018, the National Bank of Cambodia’s (NBC) Balance of Payments Statistics Bulletin said on Monday.
The Council for the Development of Cambodia (CDC) on Monday announced the approval of four investment projects worth some $17.2 million. These are set to create 1,490 jobs.
Prime Minister Hun Sen, speaking to thousands of Cambodian People’s Party faithful who had congregated on Koh Pich to commemorate the 41st Victory Day on Tuesday, said peace and political stability was the bedrock of Cambodia’s 7.1 per cent economic growth.
With Bangladeshi investments in Cambodia remaining meagre, the Kingdom has called on the South Asian country to encourage its investors to channel funds here.
With Vietnam’s economic relationship with Cambodia being significantly stronger than its other Asean partners, Vietnamese ambassador Vu Quang Minh said the two countries’ trade volume will reach $5.2 billion annually.