Month: July 2022

The Ministry of Commerce has projected that the Cambodia’s e-commerce market value would keep growing, at a value of US$1 billion in 2022 and US$1.7 billion by 2025.

The total market value of e-commerce in Cambodia in 2021 was US$970 million, a 19 percent increase compared to a year earlier, according to the ministry’s commercial bulletin, issued on June 30.

The e-commerce revenue was mainly from fashion US$263 million, electronics US$254 million, and beauty, health and household care US$230 million.

Some 54.9 percent of the e-commerce transactions were conducted via internet on a desktop PC, while the rest on tablet or smartphones, read the report.

In order to control the growth of e-commerce and promote the development of the sector to gain more confidence from national and international investors, including consumers, the Royal Government of Cambodia has established a law on e-commerce which was put into force in 2020.

The E-Commerce Law serves as an important legal basis for the development of e-commerce, especially to protect the interests and establish high trust relationships with e-consumers, as well as to attract local and foreign investors to Cambodia.

Additionally, in order to strengthen the control of online business, the Ministry of Commerce has required online business owners to register with the ministry.

Source: Agency Kampuchea Press

Cambodia this morning marked the 18th National Fisheries Day at Trapaing Thmar reservoir located in Trapaing Thmar village, Poy Char commune, Phnom Srok district, Banteay Meanchey province.

Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen presided over the annual celebration.

Speaking at this important event, Samdech Techo Hun Sen appealed for more release of baby fish and aquaculture practice as the natural fish production cannot support the increasing population anymore.

“This annual celebration is just a symbolic event. The release of baby fish does not happen only on July 1, but as everyday as possible,” he underlined.

The Premier also lauded the Ministry of Agriculture, Forestry and Fisheries’ efforts in conducting reforms in the fisheries framework.

Some 1 million baby fish of various species, turtles, frogs … and about 200,000 young lobsters will be released at Trapaing Thmar reservoir.

The National Fisheries Day, which began in 2003, is aimed at increasing the fish population throughout the country.

According to a research conducted by WorldFish organisation in cooperation with the Freshwater Fisheries Development and Research Institute of Cambodia’s Fisheries Administration, Cambodian Agricultural Research and Development Institute, each Cambodian household consumes some 5,3 kilogrammes of fish five times a week and 63 percent of rural people have jobs related to fishing.

Source: Agency Kampuchea Press

His Majesty Preah Bat Samdech Preah Boromneath Norodom Sihamoni, King of Cambodia, has extended congratulations to H.E. Ferdinand Marcos Jr. on his inauguration as President of the Philippines.

“It gives me great pleasure to convey to Your Excellency my warmest congratulations on the solemn occasion of your inauguration as President of the Republic of the Philippines,” wrote the Cambodian monarch in a royal message dated June 30 to H.E. Ferdinand Marcos Jr.

“Our two peoples enjoy traditional bonds of friendship and cooperation and I remain committed to develop these bonds for the peace, security, stability and prosperity in our region, stressed His Majesty the King.

Cambodia and the Philippines established their diplomatic ties in August 1957. They resumed their relations in 1995 after an interruption for a certain period of time due to civil wars in Cambodia.

Source: Agency Kampuchea Press

Cambodian Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation H.E. Prak Sokhonn will attend the 7th Mekong-Lancang Cooperation (MLC) Foreign Ministers’ Meeting to be held in Bagan, Myanmar on July 4.

The participation will be made at the invitation of H.E. U Wunna Maung Lwin, Union Minister for Foreign Affairs of the Republic of the Union of Myanmar, following H.E. Prak Sokhonn’s second working visit to Myanmar as the Special Envoy of ASEAN Chair, according to a press release of the Ministry of Foreign Affairs and International Cooperation issued this evening.

The 7th MLC Foreign Ministers’ Meeting, under the theme “Solidarity for Peace and Prosperity”, will be a platform for the MLC Foreign Ministers to evaluate the progress made in the implementation of the Five-Year Plan of Action of the Mekong-Lancang Cooperation (2018-2022), chart future directions for broadening cooperation, and further strengthen the bonds of friendship and mutual support between the Mekong Countries and China, in the spirit of promoting socio-economic development, particularly at the time of unprecedented global threat, the source pointed out.

On the margins of the meeting, it added, the Cambodian top diplomat and other MLC Foreign Ministers will also attend the unveiling ceremony of the MLC National Coordination Unit (Myanmar) Building.

Availing his stay in Bagan, H.E. Prak Sokhonn is expected to have separate bilateral meetings with other MLC Foreign Ministers in order to further strengthen bilateral relations as well as cooperation within the MLC framework for the sustainable development in the region and beyond, the press release concluded.

Source: Agency Kampuchea Press