Economy and commerce

Economic policy and administration

National Strategy for Informal Economic Development to achieve three goals at once

The launch of the National Strategy for Informal Economic Development 2023-2028 will achieve three goals at the same time, i.e. alleviating poverty and social inequality, strengthening social and economic resilience, and boosting economic growth. ...

Khmer Times Staff

Nearly 30,000 firms with $8.6B capital register on OBRS

Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...

Hin Pisei

Cambodia continues selling US dollars to stabilise exchange rates

The National Bank of Cambodia (NBC) announced on September 19 that it will continue holding two auctions of US dollars (each worth 10 million USD) on September 20 and 22, to ensure exchange rate stability, maintain the purchasing power of the Cambodian riel, and support ...

Khmer Times Staff

RCEP to help Cambodia achieve 2030 goal

The Regional Comprehensive Economic Partnership (RCEP) will help Cambodia to achieve its goal of becoming an upper middle-income country by 2030, said Sok Siphana, Senior Minister in Charge of International and Multilateral Trade and Economic Relations. ...

Chea Vanyuth

Business merger sub-decree to enter into force next month

The Ministry of Commerce (MoC) issued an announcement to alert businesspeople that the sub-decree on requirements and procedures for business merging that the government approved on March 6, 2023, with the signature affixed by Prime Minister Hun Sen will enter into force on September 6, ...

Kang Sothear

World Bank issues recommendations for Cambodia’s blue economy

The World Bank (WB) has released a set of recommendations for Cambodia’s sustainable blue economy development along with an analysis that focuses on three fundamental areas sectors related to marine policy, marine spatial planning and coastal livelihoods including blue growth sectors, said a report released ...

Kang Sothear ​

Oxfam and Young Entrepreneurs host ‘Sustainable Business Forum’

Oxfam and Young Entrepreneurs Association of Cambodia (YEAC) co-organised on Thursday a “Sustainable Business Forum” under the theme “Together for Micro, Small and Medium-sized Enterprises Growth in Cambodia” to promote responsible, inclusive and sustainable business practices in Cambodia. ...

Khmer Times Staff

‘Hunsenism’ focuses on political and macroeconomic stability

‘Hunsenism’ focuses on two core points which are connected to each other, said Prime Minister Hun Sen at a get-together with almost 20,000 workers and employees in Chbar Mon city, Kampong Speu province yesterday. ...

Khmer Times Staff

Online business registration made easier

Cambodia has launched the third phase of online business registration by including an additional 12 relevant ministries and institutions to facilitate business procedures in Cambodia. ...

Mao Sreypich

Finance ministry unveils 2030-vision toolkit

The Ministry of Economy and Finance on February 15 published a document establishing a series of internal goals, objectives, approaches and actions with a vision to 2030, to better align with the Royal Government of Cambodia’s (RGC) policies and strategies. ...

Hin Pisei

Over 20,000 businesses featured on Single Portal

A total of 20,574 companies, with cumulative “registered share capital” of $5.77 billion, were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of December 26 at 2pm, the Online Business Registration Service (“OBRS”) reported. ...

Hin Pisei

Kingdom leads trademark registration forum

Cambodia has received the full support of members to lead the 20th session of a Working Group on the legal development of the Madrid System for the international registration of trademarks by the World Intellectual Property Organization (WIPO) for 5 days from November 7- 11. ...

Ry Sochan

Cambodia unveils National Policy Framework for Economic Productivity

Phnom Penh recently announced the implementation of the National Policy Framework for Cambodia’s Economic Productivity 2022-35 to raise the potential of investment and trade and improve national economic productivity, according to Aun Pornmoniroth, minister of economy and finance and chairman of the National Committee for ...

Khmer Times Staff

China company plans EV assembly in Cambodia

China Matrix Technology Group-Horche Intelligent Automobile plans to set up a unit to assemble electric vehicles in Koh Kong province, as per a virtual meeting on October 22. ...

Sok Sithika

Single Portal logs 3.8K firms in 125 days

A total of 3,789 businesses were successfully registered on the Online Business Registration Platform, also known as the “Single Portal”, in the 125 days to October 17, bringing the cumulative figure to 18,465, according to the Online Business Registration Service, the competent government agency. ...

Hin Pisei

Deadline for online business registration now extended to July

Uncertainty over business conditions and the impact of the spread of Covid-19 has prompted the Ministry of Commerce to postpone the issuing of fines until July for online business owners who are late to apply for e-commerce permits or licences. ...

Hin Pisei

Cambodia to support SMEs and the agriculture sector

Cambodian government’s special emergency loan scheme worth $100mn to aid SMEs and the agriculture sector in an aim to resuscitate the economy ...

Khmer Times Staff

Apply for licence by Nov 30, e-commerce players told

The Ministry of Commerce has ordered all foreign enterprises, sole proprietorships, legal entities and branches of foreign companies that engage in the Cambodian e-commerce market to apply for the proper licences or permits by November 30, or face fines, closure, or other legal consequences. ...

Hin Pisei

Trade draft laws ‘effective in 2021’

Three major draft laws on trade are expected to take effect before the end of 2021, after receiving full support from National Assembly (NA) leaders and specialised committees, as well as the Senate, according to a Ministry of Commerce spokesman. ...

Hin Pisei

Circular economy strategy, plan launched

The government, with support from development partners, on June 28 launched the National Circular Economy Strategy and Action Plan, as well as an affiliated platform to engage the private sector in the Kingdom’s transition towards a circular economy. ...

May Kunmakara

Government launches new digital plan for its economic development​

Cambodia has launched its new 14-year plan on digital policy, saying the sector is a new model of economic growth, which can respond and keep pace with rapid changes in the economy as it recovers from the financial dip caused by the Coronavirus pandemic.​ ...

Michael Firn

Cambodia’s digital economic and society policy for 2021-2035 launched

The Kingdom has officially announced the implementation of its “Digital Economy and Social Policy Framework of Cambodia 2021-2035” policy. It identifies the digital sector as a new model of economic growth responsive and resilient to changes in economic structure, development and international trade. ...

Chea Vanyuth

Sustainability disclosure database for local firms launched

Cambodia, with support from the World Economic Forum (WEF), on May 12 launched the Supplier Database with Sustainability Dimensions (SD2) database, the first of its kind, to provide information on the sustainability operations of domestic companies. ...

May Kunmakara

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