Economy and commerce

A total of $3.4 billion was collected in taxes in 2022, marking a 23.96 percent increase from 2021. ...

The Ministry of Commerce registered 10,701 new companies and enterprises in 2022, up 40 percent from 2021, reflecting Cambodia’s post pandemic economic recovery, said a report of the Ministry of Commerce released earlier this week. ...

The Economic Intelligence Centre of the Siam Commercial Bank forecasts the CLMV countries, namely Cambodia, Laos, Myanmar and Vietnam, will gain a stronger growth momentum in 2023, but remain below its growth potential prior to the COVID-19 outbreaks. ...

Cambodia’s 9.19 per cent on-year rise in foreign trade value to the $52.425 billion logged by Customs for 2022 was driven by “in-depth reforms in all areas”, improvements in export competitiveness, and an increasingly favourable business and investment environment, according to Minister of Commerce Pan ...

Local company HTTH Island Investment Co Ltd is reportedly studying the feasibility of a 16.68sq km “eco-tourism” development project on Koh Thmey island, just southeast of Prey Nop district’s Ream National Park in Preah Sihanouk province. ...

The Ministry of Commerce plans to set up five Cambodian private business centres in China to step up the Kingdom’s exports to the East Asian giant and maximise use of the bilateral free trade agreement (FTA) between the two countries, the ministry’s two-day annual meeting ...

Cambodia ranks 150 of 180 countries in the annual Corruption Perceptions Index (CPI) for 2022, an improvement over 2021, when the country ranked 157th. ...

The Cambodian People’s Party (CPP) has set economic strategies for Cambodia for the next five years to become an upper-middle-income country by 2030 as the economy is striding with ongoing necessary strengths after slipping into negative 3.1 percent in 3.1 percent, according to a resolution ...

The Royal Government of Cambodia (RGC) on Monday issued another set of guidelines on additional measures to further control the impacts of the recovery of tourism in Cambodia as the economy has still been at high risk and uncertainty of regional and global changing trends, ...

Cambodia earned $900 million from the export of bicycles in 2022, which is an increase of 43 percent over the $631 million reported for 2021, according to a report by the Ministry of Commerce. ...

The government’s strategic measures and reforms helped Cambodia register remarkable export growth, the Ministry of Commerce said yesterday. ...

The Ministry of Commerce has earned more than $15 million to bolster the national budget, an increase of more than six percent over 2021, according to a report. ...

A delegation of Sumitomo Mitsui Banking Corporation (SMBC), led by its Managing Executive Officer and Co-Head of the Asia Pacific Division Rajeev Kannan, is seeking for investment opportunities in Cambodia, especially in areas of logistics and tourism port. ...

Cambodian taxes can currently be paid at 10 commercial banks, thanks to memorandums of understanding (MoU) signed by the Ministry of Economy and Finance in a bid to improve tax administration efficiency and make life easier for taxpayers, according to a General Department of Taxation ...

The local WorldBridge Group of Companies and South Korean-owned Luxury Business Group (LBG) entered into a joint venture (JV) to develop professional training in the Cambodian retail industry, with a focus on the luxury segment. ...

At a recent meeting in Seoul with a Cambodian delegation led by Minister of Commerce Pan Sorasak, Yu expressed his firm belief that the Cambodia-Korea Free Trade Agreement (CKFTA) will boost trade between the two countries. ...

The easing of COVID-19 restrictions in China will contribute to the restoration of global supply chains, a Ghanaian expert says. ...

The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) has changed its instruction on implementing the value-added tax (VAT) on e-commerce transactions ...

Cambodia issued operating licenses to 10,701 new companies in 2022, up 39 percent from 7,677 firms in 2021, said a Ministry of Commerce’s report released on Monday. ...

Two high-ranking Cambodian officials have issued fresh rallying calls for South Korean entities to invest in the Kingdom and take advantage of its bilateral and multilateral trade pacts, especially the Cambodia-Korea Free Trade Agreement (CKFTA) that took effect on December 1. ...

Despite forecasts that inflation will fall from 6.2 percent in 2022 to 2.5 percent this year, Cambodians continue to face livelihood difficulties in the first month of 2023 as the cost of goods on the market remains high. ...

Cambodia has called on the UK to consider investing in the processing of agricultural products after noting it is an important market for Cambodia’s agricultural products and manufacturing. ...

A senior French official has called on his countrymen to invest more in Cambodia, citing rapid economic growth, a burgeoning middle class and an overall healthy investment climate. ...

A total of 222 companies were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – in the week from 2pm January 16 to 2pm on the 23rd, bringing the cumulative figure to 21,137, according to the Online Business ...