Ministry of Economy and Finance

Deputy Prime Minister and Minister of Economy and Finance, Dr Aun Porn Moniroth met with Winfried Vicklen, Director General of the Asian Development Bank (ADB), on his visit to Cambodia from October 9 to10, 2023. ...

Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth unveiled Cambodia’s Financial Technology (fintech) Development Policy for 2023-2028, asserting its potential to harness the advantages of digital transformation in the financial sector and invigorate the country’s socio-economic landscape. ...

Cambodia saw a jump increase in gold exports in the first semester of this year, as more domestic gold refinery plants started commercial products. ...

At least $1 billion is required to invest in completing the unfinished buildings in the coastal city Sihanoukville, said a senior official at the Preah Sihanouk Provincial Administration. ...

The total trade volume between Cambodia and its partners around the world reached almost $32 billion in the first eight months of 2023, down 14.5 percent compared to the same period last year. ...

Cambodians abroad will soon be able to renew their passports in the country they are in. The government will offer this service starting with South Korea as it is home to some 50,000 Cambodian migrant workers.​ ...

Prime Minister Hun Manet asked Deputy Prime Minister and Minister of Economy and Finance (MEF) and Chairman of the Committee on Economic and Financial Policy Aun Pornmoniroth to simplify business registration and reduce tax burdens for the self-employed in the informal economy to be formalised ...

The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) has revised special tax on non-alcoholic beverages or drink products that are produced in Cambodia to a higher rate for those products that are believed to negatively affect people’s health and ...

The Minister of Economy and Finance (MEF) has requested the International Monetary Fund (IMF) to review the frameworks and mechanisms of sustainable public debt management in Cambodia, said an MEF official. ...

The Ministry of Economy and Finance’s review report on budget implementation in the first half of 2023 projected Cambodian economic growth at 5.6 percent this year amidst external factors that affected global growth. ...

The Ministry of Economy and Finance has held a forum on non-sovereign loans aimed at providing directions and guides to private sector and business associations to access loans directly from international financial institutions. ...

Cambodia collected 11,497.98 billion riels (approximately $2.79 billion) from all sources of taxes in the first half of 2023, which is equivalent to 49.1 percent of the target ($5,692 million) for the year, according to the Ministry of Economy and Finance’s report. ...

The Skills Development Fund (SDF), under Cambodia’s Ministry of Economy and Finance, has implemented 100 training projects in the last five years since its inception in March 2018, benefitting 11,309 workers. ...

A total of $54 million in loans have been disbursed to tourism-related businesses through the state-owned Small and Medium Enterprise Bank of Cambodia Plc. (SME Bank)’s Tourism Recovery Co-Financing Scheme as of July this year. ...

The Ministry of Economy and Finance, Ministry of Public Works and Transport, and the Ministry of Tourism will co-host an investor seminar on “The Operations and Maintenance of Kampot Tourism Port through the Public-Private Partnerships”. ...

The government has raised funds through government bond issuance with a total of $27 million in the first six months of this year, accounting for 13.5 percent of the $200 million target. ...

More than 27,511 businesses with $8.09 billion in investment capital have been registered in the first phase of the Online Business Registration System known as Single Portal under the Ministry of Economy and Finance – as of July this year. ...

The government has issued a new sub-decree to transfer funds for an additional five years to commune administrations for local development expenditures. The money will help to improve public services and local level development for the period between 2024 and 2028. ...

Deputy Prime Minister and Minister of Economy and Finance (MEF) Aun Pornmoniroth said yesterday that Cambodia’s annual economic growth per person or GDP per capita has been forecasted to increase to $1,932 in 2023 from $1,784 in the previous year, even as inflation has been ...

The General Department of Taxation (GDT) of the Ministry of Economy and Finance collected over $1.8 billion worth tax income in the first five months of this year, about 51 percent against the annual target. ...

Vongsey Vissoth, permanent secretary of state and Minister attached to the Prime Minister, stressed the importance of learning from French budgetary practices to bolster Cambodia’s public financial management reform. ...

The Ministry of Economy and Finance (MEF) on Monday released a proclamation to collect and compile real estate data in four new towns of three different provinces in Cambodia by providing tax exemption to owners who have immovable properties registered with the General Department of ...

The General Department of Taxation (GDT) at the Ministry of Economy and Finance collected almost $ 1.6 billion as tax income in the first four months of this year, accounting for 44 percent of the yearly target. ...

The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) has issued an instruction on procedures to enable taxpayers who are owners of registered businesses to make online adjustments of their online filing on annual tax on income (ToI E-Filing), a ...