Prime Minister Hun Sen on Monday said Russian Ambassador to Cambodia Dmitry Tsvetkov has pledged to support Cambodia as it moves towards a free trade agreement (FTA) with the federation.
A group of Chinese investors are looking for investment opportunities in the seaside province of Kampot, with plans to develop a deep-sea port with potential for tourism, industrial and agricultural sectors.
Bilateral trade between Cambodia and Indonesia jumped 46 per cent to a record high of more than $792 million last year, from $543 million in 2018, the Ministry of Commerce said.
The Asian Development Bank (ADB) said the Kingdom will see losses amount to more than $390 million due to the economic impact of the Covid-19 outbreak this year.
Small and medium-sized enterprises (SMEs) are unlikely to apply for loans from the state-owned Agricultural and Rural Development Bank (ARDB) despite its launch of a $50-million fund for SMEs last week, due to rising fears of an economic downturn caused by Covid-19.
Japan and Cambodia have pledged to reach $2 billion in bilateral trade this year despite the impact of the novel coronavirus on the economy.
Wing hosted more than a dozen special guests to its corporate headquarters last week to showcase their cutting-edge technology.
Despite several internal and external challenges, the number of investment projects submitted to the Council for the Development of Cambodia (CDC) is on the rise.
The Council for the Development of Cambodia (CDC) approved four projects, worth a combined $17.4 million, during the first 10 days of February.
The president of the Cambodian Investment Federation on Sunday highlighted the critical role of e-commerce in the local market as the government works to turn the Kingdom into a digital economy.