Economy and commerce

The Cambodia Microfinance Association (CMA) has disbursed a total $7.730 billion in loan to a close of 2 million customers in the first half of this year. ...

Australia plans to provide about A$90 million (US$66 million) in funding to Cambodia for a new bilateral project dubbed “Resilience Economic Development”, according to the Council for the Development of Cambodia (CDC) on September 15. ...

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. ...

The government is putting more pressure on Cambodia’s small and medium-sized enterprises (SMEs) to register with the Commerce Ministry and the Tax Department. It wants them to go legitimate in order to protect consumers and make sure it doesn’t miss out on revenue. ...

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. ...

The Ministry of Post and Telecommunications, in collaboration with The Idea Consultancy Co Ltd and UN Development Programme (UNDP) Cambodia, is set to host “The Grand Online Shopping Fest” from September 17-19. ...

The rapid pace of Cambodia’s coronavirus vaccination campaigns and subsequent booster shot drives will be key to a faster economic reopening, according to a senior World Bank official on September 13. ...

Negotiations on sanitary and phytosanitary (SPS) commitments for a number of potential Cambodian agricultural exports to China have made remarkable progress at a brisk pace, according to the Kingdom’s top agriculture official on September 13. ...

Vietnam will impose a zero percent tax rate on 31 commodities imported from Cambodia such as live poultry, poultry meat and by-products, lemons and rice. ...

The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) reached $1.373 billion in the first eight months of 2021, an increase of 44.37 per cent year-on-year, the operator reported.   ...

The sanitary and phytosanitary standard on potential agricultural products are being negotiated to boost more exports from Cambodia to China. ...

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.   ...

As ASEAN continues to grapple with Covid-19 cases and an uncertain recovery, its economic ministers have committed to conducting a study on a region-wide digital economy pact by 2023. ...

Cambodia has organised for 18 companies to take part in the 18th China-ASEAN Expo, held in Nanning city of China’s Guangxi Zhuang Autonomous Region, according to the Ministry of Commerce. ...

Cambodia is reportedly keen to set up a new joint team with the Eurasian Economic Union (EAEU) to conduct a more detailed examination of the possibility of formally launching free trade agreement (FTA) talks with the bloc soon, and add impetus to underwhelming bilateral trade ...

Cambodia’s exports in the first eight months this year saw a decrease, official figures showed. Its exports were worth  $11.086 billion, inching down 5.3 percent compared with the same period last year, according to a study by the Ministry of Commerce. ...

Vietnam was the largest market of Cambodia’s cashew nuts in the first eight months of 2021. ...

The Minister of Economy and Finance, Mr. Aun Pornmoniroth, said that based on the continuous decline in the incidence of serious illness and deaths due to Covid-19, Cambodia will resume a full socio-economic recovery soon as the vaccination campaign is in full swing. ...

The National Assembly of Cambodia approved the draft law on the amendment of some articles of the Labor Law during the 6th session of the 6th National Assembly on September 9 to promote labor rights and harmony in professional relations. ...

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 Royal Government of Cambodia has formed the National Digital Economic and Social Council with an aim to build a digital economic foundation in Cambodia. ...

Hun Sen, Prime Minister of the Kingdom of Cambodia and Chair of the 7th Greater Mekong Subregion (GMS) Summit urged for the deepening of solidarity so as to ensure robust socioeconomic recovery after the COVID-19 crisis. ...