Vietnam opens door to Cambodian exports with zero tariff policy

Economy and Industry

Vietnam opens door to Cambodian exports with zero tariff policy Under the Agreement on the Promotion of Bilateral Trade signed on April 28, 2025, Cambodia has secured zero-percent tariff preferences on 28 tariff lines, with Vietnam granting the concessions for the 2025-2026 period. Producers and exporters can apply for export benefits by applying for a Certificate of Origin (CO Form S) via the ministry website or at the Department of Export and Import under the General Department of Commercial Services. The quota for rice originating from Cambodia eligible for special preferential import duty of zero percent is 300,000 metric tonnes for 2025 and 300,000 metric tonnes in 2026. Vietnam targets 3,000 metric tonnes for dried tobacco leaf in 2025 and 3,000 metric tonnes from Cambodia in 2026. Bilateral trade between Cambodia and Vietnam reached $7.7 billion in 2024, with Cambodia exporting $2.3 billion worth of products in the first quarter of 2025. Commerce Minister Cham Nimul emphasized the signing of the Cambodia-Vietnam Bilateral Trade Promotion Coordination Agreement 2025-2026 and potential creation of a joint trade committee to help both nations achieve $20 billion in trade volume. (Source: Kiripost)

Accelerating Cambodia's solar journey with lessons from South Korea Cambodia is aiming to generate 30% of its electricity from solar by 2040, a significant increase from zero capacity in 2011. The country is harnessing its abundant sunlight and high solar irradiance to diversify its energy sources, which have historically been dominated by hydropower and non-renewable fuels. However, challenges such as regional disparities in renewable energy development, uneven supply chains, and infrastructure improvements remain. Experts suggest that the decreasing costs of solar technology and the government's commitment to renewable energy could pave the way for sustainable growth in the sector. Cambodia can learn from South Korea's successful solar initiatives through comprehensive policy support, private sector investment, and community engagement. By learning from South Korea's strategies, Cambodia can better position itself in the global renewable energy landscape, promoting sustainability and economic growth through clean energy innovations. (Source: Kiripost)

Investment opportunities abound in Cambodia's processing and export sectors Cambodia is open to investors interested in processing, packaging, and exporting high-quality agricultural products to international markets, as it has numerous premium products known for their luxury and delicious taste. During a meeting between Claude Jentgen, Coordinator for Bilateral Affairs at the Directorate for Development Cooperation and Humanitarian Affairs in Luxembourg, and Prak David, Secretary of State of the Ministry of Agriculture, Forestry and Fisheries, Cambodia highlighted the country's investment laws and legal framework that support investors. He also asked Luxembourg to consider supporting Cambodia's human resources in agricultural university research, aiding national laboratories to ensure food safety, and providing low-interest loans. These efforts aim to enhance economic output and reduce pressure on natural resources. (Source: Khmer Times)

Corporate News

KB PRASAC Bank contributes 40 million riels to Cambodia Kantha Bopha Foundation KB PRASAC Bank has donated 40 million riels to the Cambodia Kantha Bopha Foundation (CKF) in the "10,000 riels, 10,000 people" campaign. The donation aims to ensure the sustainability of Kantha Bopha Hospitals, which provide free and quality examinations, consultations, and treatment to children in Cambodia. The donation was handed over to Lok Chumteav Dr. Pich Chanmony Hun Manet, the Honorary President of the Cambodia Kantha Bopha Foundation, at the "10,000 riels, 10,000 people" campaign launching ceremony on 1 June 2025. The donation is part of the "Khmer Helping Khmer" initiative, a campaign that encourages people to donate to the foundation to ensure the health and well-being of children in Cambodia. (Source: Cambodia Investment Review)

Stock Market

CSX index edges up 0.26% amid selective gains on main board On 05 June 2025, the CSX Index rose by 0.26%, closing at 407.7 points. On the Main Board, PEPC (+1.49%), CGSM (+0.41%), and ABC (+0.29%) were the only gainers, while GTI (-1.00%) recorded a loss. PWSA, PPAP, PPSP, PAS, and MJQE remained unchanged. On the Growth Board, both DBDE and JSL also saw no change. Total trading volume reached 70,089 shares, with a turnover of KHR 434 million. (Source: YSC Research)

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