Vietnamese rice exporter face challenges from foreigners in Cambodia

Vietnamese rice exporters will face tough competition from foreign countries looking to exploit advantages that Cambodia presents as a beneficiary of the the EBA (Everything But Arms) initiative, says an Econet report.

Under the EBA, Cambodia, as a least-developed-country, enjoys zero tariffs and no quotas for exporting its farm produce, especially rice, to the EU. Read more of this post

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PetroVietnam Fertiliser and Chemicals Co. launch its branch in Cambodia

PetroVietnam Fertiliser and Chemicals Joint Stock Company, one of the largest firms traded on the Ho Chi Minh Stock Exchange, has officially launched its first Cambodian branch. The company had been operating a representative office in the Kingdom since last May, but aimed to expand its services to domestic farmers with the new branch. Read more of this post

Cambodia’s fish exports decline 33% in first 6 months

Cambodia recorded 33 % decline in fish exports in the first half of this year, compared with the same period a year ago, showed the figure from the Fisheries Administration on Tuesday. 

From January to June this year, the country has exported 16,000 tons of fresh and processed fish with an estimated revenues of 45 million U.S. dollars, 33% decrease from 24,000 tons with the total cost of 67 million U.S. dollars at the same period last year.  Read more of this post

Vietnam Rubber Group helps Cambodian workers

The Vietnam Rubber Group’s (VRG) investment projects in Cambodia have helped improve living condition for local people, said Nguon Nhel, First Vice-President of the Cambodian National Assembly (NA). Read more of this post

Vietnam’s deep-water links spur Phnom Penh Port growth

Vietnam’s Cai Mep port has contributed to a growth in shipments from the Phnom Penh Autonomous Port (PPAP) this year, Cambodian officials say.

The Vietnamese deep-water port, near Ho Chi Minh  City, allows cargo to be transferred to ships travelling to more distant markets such as the European Union. 

“We have noticed that since we began operations [through Cai Mep] to the EU, the shipments have increased,”  PPAP commercial director Eang Veng Sun said. Read more of this post

Cambodian banks aim to ride agriculture boom

Cambodian banks are hoping that a surge in agricultural investment will bring in the customers they need to take out loans and put to work the cash flooding into the frontier market’s overcrowded banking system.

Cambodia, which is due to open a stock exchange this year, is attracting investment to rural areas as it seeks to move from exporting primary crops to milling rice and packaging seafood to sell abroad.

Foreign donors have vastly expanded rural road networks and firms from Vietnam, Thailand, Malaysia and beyond are scrambling to buy land and expand rubber and rice plantations. But while the streets of Phnom Penh are cluttered with bank branches and cash machines, banks have ignored rural areas. Read more of this post

Price and export of corn rising

International demand for animal feed is pushing corn prices higher, fuelling the growth of the industry in western Cambodia.

Corn prices have increased by some 25 percent year on year, leading to an increase in land being planted, Battambang province farmers said. Read more of this post

Vietnamese trade with Cambodia jumps 41%

The trade value between Viet Nam and Cambodia in the first five months rose by 41% to more than US$1 billion, the Viet Nam Trade Office in Phnom Penh said.

Viet Nam’s exports were worth $891 million, an increase of 139 per cent, while Cambodia’s exports rose by just 3.2 per cent to $124 million. Read more of this post

Bilateral Vietnam trade up with increasing imports

Cambodia’s bilateral trade with Vietnam has increased by 41 percent to the end of May compared to the period last year, according to figures from the Vietnam Trade Office in Phnom Penh.

The growth comes due to the increased presence of Vietnamese investors in the Kingdom, said Tran Tu, a trade attaché at the trade office.

“Now they are carrying out their investments, so they need to import raw materials and machinery in order to do business here. That’s why our exports to Cambodia rose dramatically,” he said.

Total bilateral trade for the first five months reached just over US$1 billion, a jump from $718 million in the same period last year, according to the Vietnam Trade Office in Phnom Penh.  Read more of this post

Toyota joins Huay Chuan / Joint venture eyed for Cambodian rice

Toyota Tsusho, the trading arm of Japan’s Toyota Motor Corporation, has teamed up with Thailand’s Huay Chuan Rice Co to cash in on Cambodia’s growing rice industry.

The alliance, which includes Malaysian investors, has been in talks with Cambodian businessmen for a venture that would initially set up a rice mill and processing plant for export. Read more of this post