Economy and commerce

Cambodia approved over 2,600 construction investment projects in the first three quarters of 2023, marking a 19% decrease compared to the same period in 2022. Investment capital and construction space, however, have surged by over 100%, as per the Ministry of Economy and Finance ...

The government’s national revenue collection in the first 10 months of 2023 reached nearly $4.9 billion, equating to almost 78% of the target set by the 2023 Law on Financial Management, while total expenditures stood at over $6.3 billion, as reported by the Ministry of ...

Investment projects in clean and renewable energy play a crucial role in the Cambodian government’s efforts to reduce emissions from fossil fuels. ...

The Council for the Development of Cambodia (CDC) has given the green light to 21 new investment projects in November 2023. With a total investment capital of nearly $619 million, these projects can potentially create approximately 22,000 jobs. ...

In the first 10 months of 2023, the national revenue collection reached 20,160 billion riels (approximately $4.9 billion), equivalent to 74.95% of the 2023 financial law, and decreased by 2.02% compared to the same period in 2022. This is according to the report from the ...

The General Department of Taxation (GDT) has asked garment, footwear, and travel goods (GFT) manufacturers and exporters to comply with the new tax law and also support promoting a good tax culture in Cambodia. ...

Cambodian Prime Minister and Ambassador of Japan to Cambodia have discussed the strengthening and expansion of cooperation between the two countries in a number of areas. ...

The European Union (EU) is seeking potential European investors in the cashew industry with an aim of shifting the cashew nut processing from neighbouring countries to Cambodia. ...

The SME Bank of Cambodia and the Cambodia Cashew Federation have signed a Memorandum of Understanding to promote the cashew processing sector and boost the export of Cambodian processed cashew nuts to international markets. ...

Cambodia exported $6.45 billion worth of products to the Regional Comprehensive Economic Partnership (RCEP) member countries in the first 10 months of 2023, up 26.5 percent from the same period last year, said a Ministry of Commerce’s report on Tuesday. ...

Cambodia earned a gross revenue of $3.9 billion from the export of agricultural products in the first 11 months of 2023, said a Ministry of Agriculture, Forestry and Fisheries (MAFF) report on Tuesday. ...

Cambodia’s budgetary process lacks transparency and sufficient regulation, according to a publication this month from the anti-corruption watchdog Transparency International (TI) Cambodia. ...

The fintech sector is playing a major role in the financial inclusion efforts pioneered by the National Bank of Cambodia (NBC), Governor Dr Chea Serey said while delivering the keynote address at the CamTech Summit 2023 yesterday at the Centre for Banking Studies. ...

The Belt and Road Initiative (BRI) pioneered by China will not lead the country into a debt trap, Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, said, dismissing the narrative about the adverse effects the BRI ...

The Ministry of Commerce (MoC) took part in the economic and trade cooperation seminar held in Chongqing city to strengthen collaboration in the fields of joint infrastructure connectivity between the countries along the Mekong River which includes Laos, Myanmar, Thailand, Vietnam and China. ...

Cambodia earned a total of $1.2 billion from the exports of raw cashew nuts and dry rubber during the first 10 months of 2023, according to official reports on Wednesday. ...

Cambodia exported over 610,000 tonnes of cashew nut to foreign markets in the first 10 months of this year, earning $831 million, according to a Cashew Nut Association of Cambodia’s report released yesterday. ...

Tob Sopheak, Ministry of Tourism (MoT) spokesperson, said on Wednesday that the three-day Water Festival attracted about six million revelers, including 73,000 foreigners. ...

The fintech sector is playing a major role in the financial inclusion efforts pioneered by the National Bank of Cambodia (NBC), Governor Dr Chea Serey said while delivering the keynote address at the CamTech Summit 2023 yesterday at the Centre for Banking Studies. ...

Cambodia maintained its economic growth prediction at 5.6 percent in 2023 and raised it to 6.6 percent in 2024, the country’s Prime Minister Hun Manet said here on Thursday. ...

Non-garment manufacturing has played an important role in the economy because its share in the country’s total exports has increased remarkably, showing industry diversification. ...

The 187-km Phnom Penh-Sihanoukville Expressway, built under the BRI, shortens the travel time between the capital city and the international deep-water seaport city of Sihanoukville from six hours to just two, said Sar Kackada, mayor of Sihanoukville, Cambodia. ...

Microfinance institutions have been asked to conduct loan restructuring on a case-by-case basis for clients who face difficulties in the Siem Reap tourism sector, real estate and other industries. ...

To simplify the process of filing tax returns on income, a special seminar was organised by the General Department of Taxation (GDT) and Cambodian Footwear Association at the Singapore (Cambodia) International Academy on Wednesday. ...