Cambodia and Vietnam set sights on USD 20 billion trade target

Economy and Industry

Cambodia and Vietnam set sights on USD 20 billion trade target Cambodia and Vietnam have reaffirmed their commitment to strengthening economic partnerships across key sectors, with a goal of achieving USD 20 billion in bilateral trade. The Business Dialogue 2025, hosted by the Vietnamese Embassy in Phnom Penh, served as a platform for businesses to develop strategic investment plans in Cambodia. The event, organized by the Vietnamese Embassy in collaboration with the Vietnam-Cambodia Business Association (VCBA), was attended by senior Cambodian officials and representatives from Vietnamese enterprises, including businesses of Vietnamese origin operating in Cambodia.During the dialogue, the Vietnamese Embassy and VCBA outlined their efforts to support businesses and facilitate trade, sharing insights from Vietnamese enterprises operating in Cambodia. Despite global challenges, economic ties between the two nations continue to thrive, with bilateral trade turnover reaching $10.1 billion in 2024 and $1.8 billion in early 2025. (Source: Khmer Times)

Cambodia earns $19 million from tourism ticket sales in early 2025 Cambodia has generated nearly $19 million in revenue from ticket sales for visits to Angkor, Koh Ker Temple, and Chong Khneas Tourism Port, according to a press release issued by Angkor Enterprise on April 1. From January to March 2025, a total of 398,531 foreign tourists purchased tickets to visit the Angkor Archaeological Park and Koh Ker Temple, marking a 14.67% increase compared to the same period in 2024. This resulted in revenue of $18,718,722, reflecting a 13.22% year-on-year rise. Additionally, over the past three months, the Royal Government donated $797,062 from ticket sales to the Kantha Bopha Hospital, supporting its mission to save the lives of Cambodian children. (Source: Khmer Times)

Cambodia encouraged to advance trade reforms by WTO The World Trade Organization (WTO) has urged Cambodia to continue its reform initiatives to strengthen its trade policies and economic framework. During Cambodia's third Trade Policy Review, the WTO praised the country's progress in implementing trade facilitation measures and adhering to international standards. The organization highlighted Cambodia's efforts in diversifying its economy and improving its business environment. However, the WTO also pointed out areas for improvement, such as customs valuation, tax system transparency, access to agricultural markets, labor laws and workers' rights, and the enforcement of intellectual property regulations. Additionally, they pointed out that certain applied tariffs appeared to surpass agreed-upon limits. The review serves as a roadmap for Cambodia to achieve sustainable economic growth and transition from Least Developed Country status. (Source: Khmer Times)

Corporate News

ACLEDA Bank partners with energy firm for financial services expansion ACLEDA Bank Plc has signed a Memorandum of Understanding (MoU) with Total Energies Marketing Cambodia to expand financial services. According to the agreement, ACLEDA Bank will keep providing various financial services, such as digital payments, POS systems, and top-ups for Total membership cards. Customers can also settle bills for TEMC wholesalers and retailers via ACLEDA's banking platforms, including its bank counters, the AC Super App, and ACLEDA Internet Banking. Furthermore, ACLEDA Bank makes use of TEMC's petroleum products and vehicle maintenance offerings. By leveraging their combined expertise, ACLEDA Bank and Total Energies aim to support businesses and promote economic development in Cambodia. (Source: Khmer Times)

Stock Market

CSX index declines 0.32%, with mixed performance on main and growth boards The CSX index fell by 0.32%, closing at 407.8 points. On the Main Board, PAS (+0.34%) and PPAP (+0.34%) posted modest gains, while PEPC (-1.12%), PWSA (-0.95%), PPSP (-0.92%), ABC (-0.85%), MJQE (-0.47%), and GTI (-0.31%) recorded declines. CGSM closed unchanged. On the Growth Board, DBDE remained unchanged, and JSL declined by 1.58%. The session recorded a total trading volume of 138,524 shares, generating a turnover of KHR 848 million. (Source: YSC Research)

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