Investment News In Cambodia-Mirror

Development Council Approves Three Investment Projects

2019-01-13T18:16:00.000-08:00

AKP Phnom Penh, January 11, 2019 --

Council for the Development of Cambodia has just approved three investment projects worth over US$20 million.

The information was shared in a recent press release of the development council, specifying that those are garment, bag and foodwear investments.

One of the investment project will take place in Kampong Speu province, while two others are situated in Kandal province.

The investments will create some 5,000 job vacancies for the locals.

By Phal Sophanith

Source: http://akpnews.info/post/detail/2678

Thanks.

Development Council Approves Three Investment Projects

2019-01-11T01:55:00.001-08:00

AKP Phnom Penh, January 11, 2019 --

Council for the Development of Cambodia has just approved three investment projects worth over US$20 million.

The information was shared in a recent press release of the development council, specifying that those are garment, bag and foodwear investments.

One of the investment project will take place in Kampong Speu province, while two others are situated in Kandal province.

The investments will create some 5,000 job vacancies for the locals.

By Phal Sophanith

Cambodia Exports 400,000 Tons of Milled Rice in 2013

2014-01-23T00:57:00.001-08:00

Cambodia exported around 400,000 tons of milled rice in 2013, said Mr. Hean Vanhorn, Chairman of the Secretariat of One Window Service for Rice Export Formality. In 2011, the export of Cambodian milled rice to international market had amounted to 8,77 million tons, up 3,6 percent whereas it was equivalent to 9,34 million tons, up 6,3 percent in 2013. The Cambodian government has set the goal of boosting rice product to reach over 4 million tons as well as the goal of exporting 1 million tons of rice per year by 2015, he added. (Rasmei Kampuchea, 23 January 2014)

Cambodia’s Trade Deficit worth 1,48 Billion USD in the First Nine Months

2013-10-28T02:48:00.006-07:00

In the first nine months of this year, Cambodia’s trade deficit was 1,48 billion USD worth. Cambodia’s total trade was 11,82 billion USD worth, up 20 percent in comparing to the same period last year, which was approximately 9,88 billion USD worth. From January to September, Cambodia’s export was 5,17 billion USD worth, up 28 percent, while the import was approximately 6,65 billion USD, up15,83 percent in comparing to the same period last year. (Rasmei Kampuchea, 26 October 2013)

The Export of Textile Industry Up 22 Percent in the First Nine Months

2013-10-28T02:48:00.002-07:00

In the first nine months of this year, the growth of Cambodia’s textile industry export has increased by 22 percent in comparing to the same period last year. According to the Ministry of Commerce, the textile industry export was 4,2 billion USD, while it was only 3,44 billion USD worth last year. Cambodia’s textile industry export to international market including the United States, the European Union, Japan, South Korea and China. (Rasmei Kampuchea, 26 October 2013)

Investment Trend

2013-07-22T21:10:00.003-07:00

1. FDI Trend

Investment projects, which are approved by the Council for the Development of Cambodia (CDC) to grant investment incentives and guarantee, consist of Cambodian and foreign capital. Those projects were called “Investment Projects” under the Law on Investment of 1994 and are now called “Qualified Investment Projects (QIPs)” under the Law on Amendment to the Law on Investment of 2003.

In 1995, one year after the enactment of the Law on Investment, the fixed asset investment amount approved by the CIB (CDC) totaled 2.3 billion dollars. From 1994 to 2005, the annual average of twelve years was 640 million dollars, and during the following five years (2006 to 2010), the average amount became approximately 8.3 times larger as 5.3 billion dollars. In 2011, the fix asset investment amount approved by the CIB (CDC) reached 5.7 billion dollars until September 2011. From 1994 to September 2011, the cumulative investment approved by CIB (CDC) is 39.9 billion dollars[1]. Below Table shows such overall investment approval trend in Cambodia.

Investments Approved by CDC by Major Countries (1994 – September 2011)

Million USD

Country	1994-2005 Total		2006	2007	2008	2009	2010		2011 1-9	1994-2011.9 Total
Country		Rank									Rank
Cambodia	2,260	-	2,081	1,323	3,932	3,753	391	1,367		15,107	-
China	864	2	717	180	4,371	893	694	1,147		8.866	1
Korea	351	5	1,010	148	1,238	120	1,026	134		4.027	2
Malaysia	1,932	1	28	241	3	7	167	231		2,609	3
UK	103	10	4	26	6	6	11	2,222		2,378	4
USA	366	4	62	3	672	2	36	144		1,285	5
Taiwan	529	3	48	40	22	27	92	69		827	6
Vietnam	25	11	56	139	21	210	115	246		812	7
Thailand	284	6	100	108	74	178	2	0		746	8
Singapore	260	7	12	2	52	273	37	0		636	9
Russia	2	13	278	0	103	235	0	0		618	10
HKG	244	8	4	26	0	7	30	68		379	11
Israel	-	14	0	2	300	0	2	0		304	12
France	208	9	0	35	6	50	0	0		299	13
Japan	20	12	2	113	8	5	0	4		152	14
Others	229	-	38	270	81	93	88	42		841	-
Total	7,677	-	4,440	2,656	10,889	5,859	2,691	5,674		39,886	-

Source: CIB (CDC)

As shown in Below Table, the FDI ratio among the total investment amount approved by the CIB (CDC) between 1994 and 2005 was approximately 71%. Such FDI ratio dropped to approximately 36% in 2009 and increased to 85% in 2010. Consequently, overall FDI ratio was approximately 62% of the total approved investment amount from 1994 to September 2011.

Investment Fixed Assets by Source of Investment: 1994-September 2011

Million USD

	Foreign (a)	Cambodia	Total (b)	FDI ratio: (a)/(b) %
1994 – 2005	5,417	2,260	7,677	71%
2006	2,359	2,081	4,440	53%
2007	1,333	1.323	2,656	50%
2008	6,957	3,932	10,889	64%
2009	2,106	3.753	5,859	36%
2010	2,300	391	2,691	85%
2011 (1-9)	4,307	1,367	5,674	76%
Total	24,779	15,107	39,886	62%

Source: CIB (CDC)

In terms of the cumulative FDIs approved in the period of around 18 years ending at September 2011, the largest amount of 8.9 billion US dollars came from China. The second biggest FDI provider is Korea followed by Malaysia. The other major sources of FDI are UK, USA, Taiwan, Vietnam, Russia and Singapore. Below Figure shows the investment approval trend by five leading countries.

Source: CIB (CDC)

Figure II-2-1 Investment by Leading Countries

[1] The quoted figures do not include the followings.
-          The QIPs locating in the SEZ, including the SEZ development projects
-          The QIPs that the PMIS approved (Less than 2 million USD)
-          Non-QIPs that have been registered with MOC

2. Investment Trend by Industry

As for the composition by industrial sector, tourism accounts for 50% of the cumulative investment amount at September of 2011, while investment amount in tourism has been changing rapidly every year owing to extensive investment in the initiative days and high amount approved in 2008 and 2009. Investment in industries has been increasing gradually from 2006 to 2011. Investment amount in agriculture sector has remained stably except for 2008. Investment in service sector was dropped in 2009 due to decrease of investment in construction sector damaged by the economic crisis, but recovered in 2010. (Shown in below Tables and Figure)

Investment Approved by CIB by Sector: 1994 – September 2011

Million USD

		Agriculture	Industries	Services	Tourism	Total
1994-2005		344	3,147	1,800	2,386	7,677
	2006	505	987	2,171	777	4,440
	2007	371	338	653	1,294	2,656
	2008	95	726	1,292	8,776	10,889
	2009	590	958	410	3,901	5,859
	2010	554	946	1,059	132	2,691
	2011(1-9)	284	2,695	192	2,503	5,674
2006-2011(9)		2,399	6,650	5,777	17,383	32,209
Total (1994-2011.9)		2,743	9,797	7,577	19,769	39,886
Percentage		6.88%	24.56%	19.00%	49.56%	100.00%

Source: CIB (CDC)

Investment Trend by Sector (2006-2011.9)

CIB-Approved QIPs by Sector in Cambodia (1994-2011.9)

SECTOR		2006	2007	2008	2009	2010	2011 (Jan-Sep)
1.Agriculture		20	9	5	19	23	12
2.Industries		64	93	66	65	74	82
	Energy	5	2	6	5	4	0
	Food Processing	1	2	1	2	5	1
	Garment/Textile	44	45	37	24	41	62
	Machine/ Metal/ Electronics	2	2	1	1	2	2
	Mining	1	19	4	7	2	3
	Petroleum	0	0	0	1	0	0
	Plastic	0	2	2	1	2	0
	Shoes	7	７	2	7	8	4
	Wood Processing	0	４	0	4	1	0
	Others	4	１０	13	13	9	10
3. Services		8	13	9	4	2	2
	Construction/ Infrastructure	6	12	6	4	2	1
	Services	2	1	3	0	0	1
4.Tourism		9	14	20	12	3	5
	Hotel	4	5	6	1	1	1
	Tourism	5	9	14	11	2	4
Total		101	129	100	100	102	101

Source: CIB (CDC)

CIB-Approved Investment Trend by Sector in Cambodia (1994-2011.9)

Unit: Million USD

SECTOR		2006	2007	2008	2009	2010	2011 (Jan-Sep)
1.Agriculture		505	371	95	590	554	284
2.Industries		987	337	726	958	946	2,695
	Energy	596	11	494	665	589	0
	Food Processing	4	21	4	12	40	7
	Garment/Textile	149	205	147	93	134	280
	Machine/ Metal/ Electronics	4	4	12	2	8	6
	Mining	3	31	5	15	92	31
	Petroleum	0	0	0	3	0	0
	Plastic	0	5	6	2	6	0
	Shoes	31	26	12	28	48	17
	Wood Processing	0	7	0	16	2	0
	Others	200	27	46	122	27	2,354
3. Services		2,171	653	1,292	410	1,059	192
	Construction/ Infrastructure	2,156	640	260	410	1,059	101
	Services	15	13	1,032	0	0	91
4.Tourism		777	1,295	8,776	3,901	132	2,503
	Hotel	21	113	1,189	17	4	58
	Tourism	756	1,182	7,587	3,884	128	2,445
Total		4,440	2,656	10,889	5,859	2,691	5,674

Source: CIB (CDC)

The Trade between South Korea and Cambodia worth 329 Million USD

2013-07-18T18:29:00.001-07:00

In the first five months of this year, the trade between Cambodia and South Korea worth 329 million USD, up 12 percent, according to the Korea Trade- Investment Promotion Agency. From January to May 2013, Cambodia’s export to Korea worth approximately 56 million USD, up 4 percent, while Cambodia’s import from Korea was 273 million USD worth, up 14 percent in comparing to the same period last year. Last year, the bilateral trade between the two countries worth approximately 720 million USD, it added. Cambodia’s export products to South Korea are garments, rubbers and agricultural products, while purchased from South Korea autos, chemical products and electronic goods. (Rasmei Kampuchea, 18 July 2013)

Cambodia’s Trade Shows a Positive Trend in the First Semester of the Year 2013

2013-07-17T03:55:00.001-07:00

Cambodia’s Trade Shows a Positive Trend in the First Semester

of the Year 2013

Cambodia’s trade sector, especially the exportation shows a positive trend of this year. During the first six months of the year 2013, Cambodia’s total trade worth approximately 7,62 billion USD, up 20% in comparing to the same period last year, which worth approximately 6,36 billion USD, said the report. Cambodia’s export products worth 3,15 billion USD, up 26 percent, while the import products worth 4,47 billion USD, up 16 percent. Besides, textile sector still be considered as the main sector of Cambodia’s exportation, and its export value worth over 2 billion USD. Although the value of Cambodia’s rice export to international market still lower than the exportation of garment and textile products, it tends to reach the goal of exporting one million tons of rice per year by 2015. During the first six months of this year, the quantity of Cambodia’s rice export was 176,000 tons, up 125,56 percent in comparing to the same period last year with the quantity of 78,000 tons, it added. (Rasmei Kampuchea, 17 July 2013)

Cambodia’s Export to Japan up 27 Percent in the First Five Months of This Year

2013-07-03T00:36:00.002-07:00

Cambodia’s export to Japan in the first five months of this year worth 204,7 million USD, up 27 percent in comparing to the same period last year, which worth approximately only 161 million USD, said the report. Besides, in the first five months of this year, Japan’s export to Cambodia worth only 87,3 million USD (decreased by 2,7%), while it worth up to 89,7 million USD in the same period last year. Up to now, Cambodia’s export products to Japan are textile industry and agriculture production, while Japan’s export products to Cambodia are machineries, vehicles and electronic materials. (Rasmei Kampuchea, 3 July 2013)

Cambodia’s Exports to Japan In The First Quarter Up To 25 Million USD

2013-05-20T19:22:00.004-07:00

Phnom Penh: According to the Japan External Trade Organization, Cambodia’s export to Japan has increased approximately 25 million USD. From January to March 2013, Cambodia’s export to Japan worth approximately 128 million USD, while it was worth only 103 million USD at the same period last year. Besides, Japan’s export to Cambodia in the first quarter of this year has decreased slightly with the amount of 2.5 million USD. The Cambodia’s products shipped to Japan were garments and shoes, sugar, fish and seafood; while the country imported machinery, automobiles, and electronic devices. (Rasmei Kampuchea, 15 May)

The Government Approves L.Y.P. Group.Co., Ltd To Invest On 230 Kilovolt Power Transmission Lines

2013-05-20T19:22:00.001-07:00

Phnom Penh: The cabinet meeting held on 10 May 2013 approved L.Y.P Group.Co., Ltd to invest in the development of power transmission lines under the build-operate-transfer (B.O.T) for 29 years contract with the amount of 92.21 million USD investment on 230 kilovolt power transmission lines Kampong Cham-Kratie, connecting from Phnom Penh to eastern province including Kompong Cham, Kratie, Steung Treng, Ratanakiri and Mondulkiri province.

In order to develop national transmission lines in compliance with the plan, the government is preparing to build sub-stations and high-tension transmission lines in three different destinations. Firstly, connect from Phnom Penh to Kompong Cham so as to build an electricity supply system base at the eastern province including Kompong Cham, Kratie and Steung Treng. Secondly, connect from Kompot province to Preah Sihanouk, sourcing electricity from a coal-fired power plant in Preah Sihanouk province. Finally, connect from Phnom Penh to Preah Sihanouk province through national road No 4 to be the Phnom Penh-Kandal-Takeo-Kompot-Preah Sihanouk circuit system will be built. (Rasmei Kampuchea, 11 May)

Trade Volume Between Cambodia and Japan Up to 800 Million USD in 2012

2013-05-02T01:09:00.000-07:00

Trade Volume Between Cambodia and Japan Up to 800 Million USD in 2012

Phnom Penh: The trade volume between Japan and Cambodia has increased to 800 million USD in 2012, while it worth only 512 million USD in 2011. Besides, the Japanese grant aid to Cambodia worth 345 million USD from 2010 to April 2013, while concessional loan worth over 139 million USD from 2010 to 2012, a spokesman for the Ministry of Foreign Affairs H.E. Koy Kuong said after the meeting between Japanese Ambassador to Cambodia H.E. Mr. Kumamaru Yuji and the Minister of Foreign Affairs H.E. Hor Namhong.

H.E. Kumamaru Yuji expressed his pleasure for his appointment as the Japanese Ambassador to Cambodia, and lately, the diplomatic relation between the two countries has strongly developed. The importance of his mission is to strengthen the diplomatic and bilateral relations in all fields of the two countries, he added. According to H.E. Hor Namhong, this year marked the 60th anniversary of the establishment of diplomatic relations between Cambodia and Japan. Therefore, the two countries will organize a lot of events so as to improve diplomatic, politics and economics relation. “I would like to thank the Japanese government and nations for supporting and providing aids to Cambodia, saying that Japan and Cambodia are true friends and good partners”, he added.

From 2010 to April 2013, the Japanese grant aid to Cambodia worth 345 million USD, and concessional loan worth over 139 million USD from 2010 to 2012. Besides, Japan has also provided technical support which worth over 280 million USD from 2005 to 2012. More importantly, Japan’s contribution to Khmer Rouge Tribunal worth over 76 million USD from 2005 to February 2013, said H.E. Koy Kuong. (Rasmei Kampuchea, 2 May)

Trade Volume Between Cambodia and China Worth Over 3 Billion USD in 2012

2013-04-30T01:21:00.001-07:00

Phnom Penh: Last year, the trade volume between Cambodia and China worth over 3 billion USD, and it is expected to reach 5 billion USD by 2015, a spokesman for the Ministry of Foreign Affairs and International Cooperation H.E. Koy Kuong informed the reporter after finished yesterday meeting between the outgoing Chinese Ambassador to Cambodia H.E. Pan Guangxue and the Minister of Foreign Affairs H.E. Hor Namhong. In the meeting, the outgoing Chinese Ambassador expressed his profound thanks Cambodian government and the Ministry of Foreign Affairs for strengthening diplomatic relations between the two countries during his 3 years mission in Cambodia.

Lately, Cambodian Premier Hun Sen had already visited China to strengthen the bilateral ties between the two countries in all fields, particular on politics, trade, tourism and investment. More importantly, the two sides have established an intergovernmental coordination committee to jointly implement the Action Plan on the Implementation of the Comprehensive Strategic Partnership of Cooperation. Besides, this year marks the 55th anniversary of the establishment of diplomatic relations “China-Cambodia Friendship Year”, and Cambodia hopes that Chinese senior leaders will make official visit to Cambodia this year so as to further enhance the relations. Last year, the trade volume between the two countries worth over 3 billion USD, and investment capital approximately worth over 260 million USD. “We will make our effort to increase the trade volume up to 5 billion USD by 2015 since we already reached 3 billion USD last year”, said the Minister of Foreign Affairs H.E. Hor Namhong. (Kampuchea Tmey, 30 April)

2013-2014: The World Bank Predicts Cambodia’s Economy To Grow 7%

2013-04-29T00:50:00.001-07:00

Phnom Penh: According to the World Bank, Cambodia is expected to reach economic growth by 7% this year and next year. Cambodia’s economy will remain positive due to the growth of agriculture and tourism sectors as well as the recovery of the US and Europe’s economy which is the main export market for Cambodia. The inflation is expected to remain at around 3%, while domestic revenue is expected to improve, it added. Besides, Cambodia is predicted to receive 3.5 million of tourists, with the income more than 2 billion USD, the Ministry of Tourism said. Lately, the International Monetary Fund predicts Cambodia’s economic growth to reach by 6.7% this year, while the Asian Development Bank predicts to reach by 7.2%. (Rasmei Kampuchea, 28-29 April)

Cambodia’s Trade Volume in the First Quarter of This Year worth 3.86 Billion USD

2013-04-25T00:16:00.002-07:00

Phnom Penh: According to the Ministry of Commerce, Cambodia’s trade volume in the first quarter of this year worth 3.86 billion USD, which increased by 0.68 billion USD (approximately 21%) compared to the same period last year. From January to March this year, the country had exported goods in the total value of 1.64 billion USD, up 21%. At the meantime, it had imported items in equivalent to 2.21 billion USD, up 20%. The Cambodia’s main exported products are garments and footwear, while it imported raw materials, motorcycles and petroleum. (Rasmei Kampuchea, 25 April)

The 2nd Bank from Taiwan Opens in Cambodia

2013-04-01T03:05:00.003-07:00

Phnom Penh: Taiwan Cooperative Bank, one of the leading banks in Taiwan, officially commenced business in Phnom Penh on 28 March. Speaking at the ceremony, the vice-governor of the National Bank of Cambodia Mrs. Ouk Maly, said that the presence of the bank in Cambodia will bring new sources of capital, new hi-tech banking solutions, and new employment to Cambodia. In addition, she believes that more investors from Taiwan will come to Cambodia for business opportunities, and the overseas branches reflect determination to move into the international financial market, she added. The bank's branch in Cambodia is the beginning of Taiwan Cooperative Bank for its expansion in the Indo-China Peninsula. Furthermore, the bank will not only serve local businesspeople from Taiwan, but also expand Cambodian local businesses and individual, she added. (Rasmei Kampuchea)

Cambodia’s Economy to Grow by 7% in 2013

2013-04-01T03:04:00.001-07:00

Phnom Penh: According to DPM and Finance Minister Keat Chhon, Cambodia’s economy to grow by 7% this year. The growth is contributed by garment exports, tourism, agriculture, real estate and construction. The country’s political stability, macroeconomic and financial stability will encourage more foreign investors to come to Cambodia. With this expected growth, Cambodia will get out of the classification of a low-income to a lower-middle-income country at the end of this year, he added. As defined by the World Bank, the Lower-middle-income countries are those with GDP per capita between 1,006 and 3,975 USD. Last year, Cambodia’s GDP per capita was nearly 1,000 USD, and it was expected to rise to 1,080 USD this year, said by Keat Chhon. (Kampuchea Tmey, 30 March)

Cambodia’s Trade Volume Up 28 Percent in the First 2 Months of This Year

2013-03-25T01:10:00.001-07:00

Cambodia’s Trade Volume Up 28 Percent in the First 2 Months of This Year

Daily Update from Local Newspapers

March 25, 2013

Phnom Penh: According to the Ministry of Commerce, Cambodia’s import and export trade volume had amounted to 2.7 billion USD in the first two months of this year, up 28% compared to the 2.1 billion USD in the same period last year. From January to February this year, the country had imported goods in the total value of 1.58 billion USD, up 37%. At the meantime, it had exported items in equivalent to 1.13 billion USD, up 18%.

The Cambodia’s main imported products are garment and textile raw materials, petroleum, construction materials, automobiles and motorcycles, consuming items, food and soft drinks, pharmaceutical products and cosmetics, while it exported garments and footwear, rubber latex, milled rice, corn and cassava. Besides, Cambodia’s main foreign trading partners are the United States, European countries, China, South Korea, Japan, Thailand, Vietnam, and Malaysia. Last year, the country’s total trade volume was 13.63 billion USD, up 19%, according to the Commerce Ministry. (Rasmei Kampuchea 23 March)

Vietnam Pledges to Boost Cambodia-Vietnam Bilateral Trade to 5 Billion USD

2013-03-15T00:27:00.001-07:00

Phnom Penh: The Investment and Trade Promotion Centre of Ho Chi Minh City assured that Vietnam will boost the bilateral trade with Cambodia jumping to 5 billion USD by 2015. Indeed, the bilateral trade relations between Cambodia and Vietnam have already been reached to 3.2 billion USD, yet Vietnam will boost to 5 billion USD by 2015.

In order to reach this goal, Vietnam will organize the 4 days trade exhibition from 3^rd to 7^th April in Phnom Penh. Actually, the bilateral trade between Cambodia and Vietnam has been increased from 1.83 to 2.8 billion USD in 2011 and 3.3 billion USD in 2012. Furthermore, Vietnam assured that Cambodia is the second largest trading partner of Vietnam. Besides the trading partner, Vietnam is also the major investment partner of Cambodia. At the end of last year, Vietnam committed to have approximately 104 investment projects in Cambodia which approximately worth 2.42 billion USD. (Rasmei Kampuchea)

France Provides a Loan of 42 Million USD for Irrigation and Water Factory

2013-03-14T00:52:00.004-07:00

Phnom Penh: According to Ministry of Economy and Finance, France has provided a loan of 34 million Euros or approximately 42.2 million USD to Cambodia. On 11 March 2013, Deputy Prime Minister and Minister of Economy and Finance H.E. Keat Chhon has agreed to sign a grant aid agreement with Mr. Do Sera, director-general of French Development Agency (FDA) and H.E. Mr. Serge Mostura, the French Ambassador to Cambodia. According to the press release of Ministry of Economy and Finance, France will provide a loan of 34 million Euros or approximately 42.2 million USD to support water resource management, irrigation infrastructure investment, and the construction of the second part of a water treatment plant in Phnom Penh.

According to the press release of the French Embassy and FDA, a grant of 4 million Euros which equal to 5.2 million UD, will be used to strengthen the state and non-state actors involved in the management of water and together with the Asian Development Bank continue the rehabilitation works about 40 irrigation schemes. The rest is a loan of 30 million Euros, which will be used to construct the second part of Niroth’s water treatment plant, located in the southeastern part of Phnom Penh. In addition, FDA will also provide 2.7 million Euros which equal to 3.5 million USD to support the Institut Pasteur in Cambodia, Laos and Vietnam for medical research on diseases in Southeast Asia, it added. (Rasmei Kampuchea)

Cambodia-United States Bilateral Trade has Increased in 2012, yet Cambodia Export has Decreased

2013-02-18T00:35:00.002-08:00

Cambodia-United States Bilateral Trade has Increased in 2012, yet Cambodia Export has Decreased

Phnom Penh: Cambodia-United States bilateral trade has increased while Cambodia export has decreased a bit in 2012.

According to the figure from trade statistics for the US, bilateral trade between Cambodia and the US has increased by 0.61%. Meanwhile, Cambodia export to the US market has decreased by 0.83% due to the increasing of the US export to Cambodia market. In 2012, bilateral trade relations between the two countries totally worth 2.917,8 million USD and increased by 0.61% in comparing to 2011 which totally worth only 2.900 million USD. In addition, Cambodia export to the US costing 2.691,6 million USD and the US export to Cambodia costing 226.2 million USD.

From January to December 2012, Cambodia export to the US market has decreased by 22.8 million USD or 0.83% due to totally worth of Cambodia export to the US costing 2.714,4 million USD in 2011. On the other hand, the US export to Cambodia in 2012 has increased by 40.6 million USD or 21.87% due to the US export to Cambodia costing 185.6 million USD in 2011. Although Cambodia export has decreased, the US still considered as the largest export market for Cambodia.

Cambodia exports to the US market are the products from garment factory as well as agricultural products, and the US exports to Cambodia are medicine, machine and some raw materials. (Rasmei Kampuchea)

Approximately 300 Japanese Companies To Invest in Cambodia Due to Stable Political Security

2013-02-06T23:54:00.000-08:00

Phnom Penh: Japan has provided 76 million USD aids to Khmer Rouge Tribunal from 2005-2012, and 301 million USD grant aids to Cambodia from 2010-2012, including 139 million USD loans. More importantly, approximately 300 Japanese companies will invest in Cambodia, said Mr. Koy Kuong, spokesman for the Ministry of Foreign Affairs and International Cooperation.

H.E. Mr. Masafumi KUROKI, the outgoing Ambassador of Japan to Cambodia, met and bid farewell to DPM H.E. Hor Namhong, Minister of Foreign Affairs and International Cooperation, on 6 February 2013. DPM H.E. Hor Namhong also thanked Japanese government that has provided aids on many sectors to Cambodia, especially infrastructure sector such as roads, bridges, agricultural sectors, clean water projects as well as Khmer Rouge Tribunal. In addition, he also welcomed the Japanese investors to invest in Cambodia.

H.E. Mr. Masafumi KUROKI added that the number of Japanese investors in Cambodia has increased due to stable political security as well as the good relationship between two countries (Rasmei Kampuchea).

Cambodia-Arab Plan to Sign an Agreement on Memorandum to Strengthen Cooperation on Tourism Sector

2013-01-23T23:49:00.000-08:00

Phnom Penh: Cambodia and United Arab Emirates plan to sign an agreement on memorandum to strengthen cooperation on tourism sector, especially on direct flying to Cambodia. This plan was declared in the meeting on 23 January 2013 between Minister of Foreign Affairs, H.E. Hor Namhong and Mr. Khalid Ghanem Al Gahith, UAE Assistant Foreign Minister Economic Affairs.

According to Mr. Kuy Kuong, spokesman for the Minstry of Foreign Affairs and International Cooperation, both parties have discussed about memorandum on airline service to reach direct flying from Abu Dhabi and Dhabi city to Phnom Penh, because this direct flying can push tourism sector better.

Mr. Khalid is going to send delegation to Cambodia to make MOU draft talking about technology cooperation on gas and oil sector. Minister of Foreign Affairs of the United Arab Emirates plans to visit Cambodia in February, and H.E. Hor Namhong said this visiting brings relationship and cooperation among the two countries more develop.

Mr. Kuy Kuong said there were 3.5 million of tourism sector in Cambodia in the past. Therefore, having memorandum talking about airline sector to have direct flying from Arab Emirates to Cambodia is good for tourism sector increase to 20% per year (Kampuchea Tmey).

8 French Companies Visit Cambodia to Seek Water Investment Opportunity in Cambodia

2012-11-02T04:05:00.001-07:00

According to press release of French Embassy and UBIFRANCE issued on 31 October, a delegation of 8 world-ranked French companies, Altereo, Dedietrich, Hemera, Perrier Sorem, Sappel, Sce, Veolia Water and Vinci Construction, is on the visit to Cambodia from 01 to 02 November to look for new business opportunities in water sector. Those companies are known to be world ranked companies specializing in the implementation and management of systems for water distribution and sanitation plus producing equipments for water treatment. (Rasmei Kam.)

Brunei Requests for Direct Flight to Siem Reap

2012-11-02T04:04:00.005-07:00

During yesterday’s meeting with DPM Sok An, newly appointed Bruneian ambassador Shaikh Fadilah Shaikh Ahmad requested for direct flight from Brunei to Cambodia’s Siem Reap to further increase tourism relations with Cambodia. In response, DPM Sok An welcomed the direct flight and informed the Ambassador of Cambodia’s tourism. (Rasmei Kam.)