Investment

The new investment law will be more attractive and provide the Kingdom with better options to navigate the constantly evolving regional and global investment climate, according to Senate Third Committee chairman Mong Reththy.​ ...

Minister of Commerce Pan Sorasak plans to lead a delegation to South Korea next month to sign the Cambodia-Korea Free Trade Agreement (CKFTA), if the Covid-19 situation permits, according to a senior official. ...

Local publicly-listed firm RMA (Cambodia) Plc is planning to set up the Kingdom’s first motor vehicle assembly plant, to capitalise on the rising consumer demand for brand-new personal vehicles seen in recent years. ...

Renaissance Minerals (Cambodia) Limited, based in Australia, has obtained a search and explore license of 107.10 square kilometers of metal mining in Memot district, Tbong Khmum province. According to a senior official of the Ministry of Mines and Energy. ...

Prime Minister Hun Sen tells customers affected by investing in Gold FX (GOLDFX INVESTMENT CO., LTD) to file a complaint to the court to seek justice in case the two parties do not reach compromise. ...

Groups representing US and European businesses in Cambodia have welcomed the Draft Law on Investment, which was approved by the National Assembly last week. ...

Cambodia is committed to harnessing digitalisation for better coordination in tax administration, as a jurisdiction that subscribes to China’s Belt and Road Initiative (BRI), according to a General Department of Taxation (GDT) press release issued on September 12.   ...

The National Assembly of Cambodia on Thursday ratified the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement (FTA), which comprises 15 Asia-Pacific countries. ...

The National Assembly (NA) approved the draft Law on Investment at a plenary session on September 9, which will undeniably play a vital role in attracting local and international investors to the domestic market. ...

Prime Minister Hun Sen urged all countries in the Greater Mekong Subregion (GMS) to push for the development of digital infrastructure in order to make the economies of the region more competitive globally.   ...

Cambodia and Singapore have reaffirmed their commitment to continue strengthening cooperation on trade and investment. Commerce Minister Pan Sorasak held a videoconference with Singapore’s Trade and Industry Minister Gan Kim Yong on Tuesday. ...

The government has established the National Economic and Digital Society Council (NEDSC) to build a foundation of a digital society to drive new economic growth, according to a royal decree on the council’s organisation and functioning released on September 8. ...

Phase I of the Angkor Landmark development project about 15km northeast of Siem Reap town is scheduled to officially break ground at end-2021, according to the developer’s CEO Tous Saphoeun. ...

Cambodia Business Council in Thailand (CBC) and Thai Business Council in Cambodia (TBCC) entered into an official partnership to promote trade and investment between the two neighboring Southeast Asian nations. ...

With Phnom Penh becoming the most vaccinated city in Southeast Asia, moves are by the Ministry of Tourism and other related sub committees to formulate a workable plan within Cambodia’s tourism and investment sectors  to work towards a possible reopening of borders for fully vaccinated ...

Seventeen union representatives from the Wage Negotiation Working Group have agreed to negotiate for a $22.20 increase in salaries for textile, garment and footwear workers for 2022. ...

Investing in the stock exchange can be a successful way of making money, whether as a source of additional cash to supplement income, generating “passive income” or even in achieving “financial freedom”. ...

The Council for the Development of Cambodia (CDC) has approved 211 Japanese investment projects worth about $3.14 billion to invest in Cambodia as of July 2021, according to a CDC’s press release. ...

The Council for the Development of Cambodia (CDC) has approved a cumulative 211 Japanese investment projects as of July 31 worth about $3.14 billion since its inception in 1994, according to the CDC. ...

The 22nd Cambodia-Japan Joint Committee met via video conference with more than 130 members of the private sector in attendance this week. Discussions focused on minimum wage, taxes, logistics, energy supply, automobile imports, human resource development and organising workshops to better understand supply chains, according ...

CP All Pcl, a Thai multi-product retailer, opens Cambodia’s first 7-Eleven retail store in Sangkat Prek Leap, Khan Chroy Changvar, Phnom Penh in line with its plans to expand its business into the ASEAN region. ...

Vietnam’s overseas investment surged 74.1 percent year on year to $575 million in the first eight months of 2021, according to the Ministry of Planning and Investment. ...

Switch Garment, in collaboration with New Delhi-based The Energy and Resources Institute (Teri) and the Institute of Technology of Cambodia (ITC), kicked off a series of energy audits in Cambodian garment factories.   ...

The new Law on Investment is expected to come into force next year, 10 years after the government embarked on a plan to repeal the existing statute, which was enacted in 1994, and amended in 2003.   ...