Economy and commerce

Press release: Signing of MoU on development cooperation between Republic of Korea and 5 ASEAN Countries during the Investment ASEAN 2019

On Monday Afternoon 25th November 2019 in Busan, Republic of Korea, H.E Chhieng Yanara, Minister Attached to the Prime Minister, has signed on behalf of the Royal Government of Cambodia on MoU on Development Cooperation between Republic of Korea and 5 ASEAN countries such as ...

The Council for the Development of Cambodia

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Press release signing ceremony between H.E. PAN Sorasak, Minister of Commerce of Cambodia and H.E. YOO Myung-Hee, Minister for Trade of Republic of Korea on the Joint Statement on the Launch of the Joint Study on a Possible Free Trade Agreement between Cambodia-Republic of Korea

On 25 November 2019, the Ministry of Commerce issued a press release on the signing ceremony between H.E. PAN Sorasak, Minister of Commerce of Cambodia and H.E. YOO Myung-Hee, Minister for Trade of Republic of Korea on the Joint Statement on the Launch of the ...

Ministry of Commerce

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Statement on “Collateral Damage: Land Loss and Abuses in Cambodia's Microfinance Sector”

On 07 August 2019, Cambodian League for the Promotion and Defense of Human Rights (LICADHO) and Sahmakum Teang Tnaut (STT) released an statement examine human rights abuses in Cambodia’s microfinance sector. According to their joint report, more than 2 million Cambodians currently have a loan with ...

Cambodian League for the Promotion and Defense of Human Rights (LICADHO)

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Joint Statement on the EU’s decision to start the process of suspending Cambodia’s access to its preferential Everything But Arms (EBA) agreement

On 19 March 2019, the Cambodian Human Rights and Development Association called “ADHOC” issued a joint statement, supported by 71 Non-Governmental Organisations, Associations, Trade Unions, Members of the Cambodian Civil Society, and citizens, expressed their deep concerns about the launch of the European Union (EU) Commission’s ...

ADHOC

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Statement of the Royal Government of Cambodia in response to the European Commission’s decision to launch the formal procedure for the temporary withdrawal of the Everything But Arms (EBA) preferences for Cambodia

On 12 February 2019, the Royal Government of Cambodia issued a statement that express its deep regret over the European Commission’s decision on 11 February 2019 to launch the formal procedure for the temporary withdrawal of the Everything But Arms (EBA) preference for Cambodia. The RGC considered ...

Ministry of Foreign Affairs and International Cooperation

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Press release on the launch of EBA withdrawal investigation by European Commission counterproductive to Cambodia’s socio-economic transformation

On 11 February 2019, the European Chamber of Commerce in Cambodia issued a press release to express its regret in respect to the decision taken by the European Commission to initiate the formal investigation into a withdrawal of preferences granted to the Kingdom of Cambodia ...

European Chamber of Commerce

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Press release on the EU launches procedure to temporarily suspend trade preferences

On 11 February 2019, The EU has today started the process that could lead to the temporary suspension of Cambodia’s preferential access to the EU market under the Everything But Arms (EBA) trade scheme. EBA preferences can be removed if beneficiary countries fail to respect ...

European Commission

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Outcomes of the working visit of Prime Minister of the Kingdom of Cambodia to Turkey

From 20-22 October 2018, Prime Minister Hun Sen, paid  a working visit to the Republic of Turkey at the invitation of the Government of the Republic of Turkey. During his stay in Istanbul, Mister Prime Minister paid a courtesy call on H.E. Mr. Bainali Yildirim, ...

Ministry of Foreign Affairs and International Cooperation

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Press release on the prohibition of taking identity card, family record, and residence record as guarantee for provision of credit

On 17 July 2018, the National Bank of Cambodia issued a press release on the prohibition of taking identity card, family record, and residence record as guarantee for provision of credit, following the directive No. B7-016-210 Sor. Chor. Nor, dated 11th March 2016. However, the ...

National Bank of Cambodia

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Notification on the establishment of the customer protection working group and the establishment of a telephone system for the public

On 22 August 2017, the Cambodian Microfinance Association issued a statement confirming the establishment of the consumer protection working group, declaring five hotlines for the public who have questions or problems with the use of the association’s financial services. The five hotline numbers are: 069 77777 ...

Cambodian Microfinance Association

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Press release on the clarification of a case of exporting white sand (Silica) to abroad

On 22 August 2017, Ministry of Mines and Energy issued a press release on the clarification of a case of exporting white sand (Silica) to abroad. The Ministry of Mines and Energy has never issued any legal regulation on the ban on white sand exports. Currently, the Ministry ...

Ministry of Mines and Energy

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Press release on the strengthening customer protection of the National Bank of Cambodia

On 18 August 2017, the National Bank of Cambodia issued a press release to strengthen customer protection as follows:Fines 400 million Riel (US $ 100,000) to microfinance institutions (MFIs) that do not comply with the laws and regulations, especially the Prakas on transparency in the ...

National Bank of Cambodia

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Notification to all local microfinance institutions

On 24 July 2017, the Cambodia Microfinance Association (CMA) issued an announcement to inform all microfinance institutions and the public that:Cambodian Microfinance Association promotes the implementation of their Code of Conduct.All MFIs cannot accept identification cards, family books or residential books as collateral for loans.All ...

Cambodian Microfinance Association

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Notification on the temporary suspension of the implementation of VAT on nontaxable supplies

On 06 July 2017, the General Department of Taxation has issued a notice to all financial institutions operating in the Kingdom of Cambodia to be aware that the implementation of a May 25 prakas that more clearly defines the government’s laws for nontaxable supplies concerning ...

General Department of Taxation

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Press release on the setting of interest rate cap

On 13 March 2017, the National Bank of Cambodia (NBC) issued a press release on the setting of interest rate cap of 18 percent per annum for microfinance institutions, deposit-taking MFIs and licensed rural credit institutions to help the poor, curb over-indebtedness and reduce poverty, ...

National Bank of Cambodia

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Joint statement between Ministry of Economy and Finance and National Bank of Cambodia

As a result of the meeting dated on 27 January 2015, the Ministry of Economy and Finance and the National Bank of Cambodia condemn some humanitarian non-governmental organizations and associations that are lending money to people without licenses and registration at the bank, and ordered ...

Ministry of Economy and Finance and National Bank of Cambodia

U.S. ambassador, Cambodian commerce minister complete trade mission to promote investment in Cambodia

U.S. Ambassador William E. Todd led his second reverse trade mission of Cambodian businesses to the United States, June 16-20, to encourage U.S. trade and investment opportunities in Cambodia. His Excellency Sun ​ Chanthol, Senior Minister and Minister of Commerce, accompanied Ambassador Todd and 20 ...

Embassy of the United States

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Cambodia's small firms to gain better access to bank financing

The Asian Development Bank (ADB) today signed a $75 million senior loan with Cambodia’s largest bank, ACLEDA Bank Plc, to address the rising financing requirements of micro-, small-, and medium-sized enterprises (MSMEs) in the country. ...

Asian Development Bank (ADB)

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