Government

$20.91m in VAT collected in three months

Cambodia’s General Department of Taxation (GDT) collected $20.91 million in value-added tax (VAT) on e-commerce transactions in the first quarter of 2023. ...

Seng Mengheng
https://kiripost.com/stories/2091m-in-vat-collected-in-three-months

Cambodia, Vietnam to boost cooperation between border provinces

Ministries, government agencies and localities from Vietnam and Cambodia will coordinate to formulate legal frameworks and cooperation mechanisms to facilitate collaboration, including in trade, between border provinces, it was recently agreed at a joint conference. ...

Khmer Times Staff
https://www.khmertimeskh.com/501280343/cambodia-vietnam-to-boost-cooperation-between-border-provinces/

South Korean firm commits to 1,000 ‘modern’ bus donation

Prime Minister Hun Sen has announced that the South Korean Booyoung Group will gift the government a further 1,000 modern buses. The company handed over 200 buses to the Phnom Penh Municipal Hall in February, but suggested that the new buses be utilised in the ...

Ry Sochan
https://www.phnompenhpost.com/national/south-korean-firm-commits-1000-modern-bus-donation

Google, NEC discuss election cooperation

Google Asia-Pacific’s Singapore Office wants to cooperate with the National Election Committee (NEC) to prevent the spread of misinformation or ‘fake news’ that may affect the July national elections, said an NEC press release. ...

Van Socheata
https://www.phnompenhpost.com/national/google-nec-discuss-election-cooperation

6 parties register for polls and NEC expects more to do so

Six parties have applied for the registration of political parties and the list of candidates for the upcoming National Election. ...

Hang Punreay
https://www.khmertimeskh.com/501279206/6-parties-register-for-polls-and-nec-expects-more-to-do-so/

Cambodia, Vietnam facilitate cooperation between border provinces

Vietnamese and Cambodian ministries, agencies and localities will coordinate in building and perfecting legal frameworks and cooperation mechanisms to facilitate collaboration between border provinces, as agreed at a conference in the south western province of Tay Ninh on April 25. ...

Khmer Times Staff
https://www.khmertimeskh.com/501279595/cambodia-vietnam-facilitate-cooperation-between-border-provinces/

Kampot oknha arrested over $40M of losses in realty ‘fraud’

Kampot provincial police arrested Chea Saron, who holds the honorific title Oknha, and his eight accomplices for alleged fraud perpetrated on over 2,000 families, bilking them out of nearly $40 million total through “scam” real estate projects. ...

Long Kimmarita
https://www.phnompenhpost.com/national/kampot-oknha-arrested-over-40m-losses-realty-fraud

NBC closes 104 rural credit institutions

The Coalition of Cambodia Farmers Community said on Thursday that the recent shutdown of 104 rural credit institutions that provided loans to farmers will not affect their livelihoods, saying that past interest rates were high. ...

Meas Molika
https://kiripost.com/stories/cambodia-nbc-closes-104-rural-credit-institutions

Commerce ministry pushes ASEAN-Japan economic relations

A Cambodian official has requested that Japan consider increasing cooperation and support for the least developed ASEAN countries through the provision of technical assistance and training, saying that Cambodia would benefit from the vision and strategy for the growth of ASEAN-Japan economic integration over the ...

Van Socheata
https://www.phnompenhpost.com/business/commerce-ministry-pushes-asean-japan-economic-relations

Cambodia supports Timor-Leste WTO membership bid

Cambodia and Timor-Leste have co-signed a memorandum of understanding (MoU), following the conclusion of bilateral talks on a pledge to open markets for trade of goods and services. ...

Van Socheata
https://www.phnompenhpost.com/business/cambodia-supports-timor-leste-wto-membership-bid

NEC announce opening dates of party, candidate registration

The National Election Committee (NEC) announced that the process of registration for parties and candidates for July’s national election will be open for 15 days, from April 24 to May 8. ...

Kim Yutharo
https://www.phnompenhpost.com/national/nec-announce-opening-dates-party-candidate-registration

New tax law passed

The National Assembly on Wednesday passed a new law on taxation that has been in draft for years, as part of efforts to bolster the government’s tax collection process. ...

Seng Mengheng and Prak Chan Thul
https://kiripost.com/stories/new-tax-law-passed

RCEP, FTAs create more favorable trade, investment opportunities for investors in Cambodia

The Regional Comprehensive Economic Partnership (RCEP) free trade pact and bilateral free trade agreements (FTAs) have provided more favorable trade and investment opportunities for investors in Cambodia, a senior commerce ministry official said on Saturday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501277686/rcep-ftas-create-more-favorable-trade-investment-opportunities-for-investors-in-cambodia/

Cambodia, France discuss agricultural cooperation

Cambodian senior agriculture officials on Wednesday discussed the possibility of importing fresh apples from France and exporting fresh mangoes from Cambodia, according to a press release from the Ministry of Agriculture, Forestry and Fisheries (MAFF). ...

Kang Sothear
https://www.khmertimeskh.com/501276689/cambodia-france-discuss-agricultural-cooperation/

Cambodia’s apparel exports to South Korea up 14% to $191 million in 2022

Cambodia’s trade balance with South Korea has improved in the first quarter of 2023, with decreased imports and higher apparel exports. ...

Khmer Times Staff
https://www.khmertimeskh.com/501277051/cambodias-apparel-exports-to-south-korea-up-14-to-191-million-in-2022/

Deal to deliver Cambodia’s new logistics complex, promote regional connectivity and integration

The International Finance Corporation (IFC) has signed a new agreement with the Ministry of Public Works and Transport to establish a public-private partnership (PPP) for a logistics complex in Preah Sihanouk province to assist Cambodia in meeting its goal of becoming a new regional logistics ...

Khmer Times Staff
https://www.khmertimeskh.com/501276371/deal-to-deliver-cambodias-new-logistics-complex-promote-regional-connectivity-and-integration/

Payment in riel grew faster than US dollar through Bakong

The amount of cash paid in riel by account holders through Bakong system has increased 4.1 times in 2022 compared to the previous year, while that paid in US dollar through the same system has risen 3.2 times, and the transactions made through this system ...

Kang Sothear
https://www.khmertimeskh.com/501276160/payment-in-riel-grew-faster-than-us-dollar-through-bakong-2/

PM Hun Sen receives Chairman of Guangxi Zhuang Autonomous Region

Prime Minister Hun Sen received at the Peace Palace yesterday, a courtesy visit from Lan Thianli, Chairman of Guangxi Zhuang Autonomous Region. ...

Khmer Times Staff
https://www.khmertimeskh.com/501277065/pm-hun-sen-receives-chairman-of-guangxi-zhuang-autonomous-region/

Guidelines issued to stabilize construction and retail sector

Due to the slower global economic recovery and conflicts between Russia and Ukraine, the government has issued guidelines aimed at maintaining the stability of the construction and real estate sector, considered a priority sector to support overall economic growth in Cambodia. ...

Mao Sreypich
https://kiripost.com/stories/cambodia-guidelines-issued-to-stabilize-construction-and-retail-sector

Ministry sets dates for Diploma and Bac II exams

The Ministry of Education, Youth and Sport has announced the annual schedule for junior high school Diploma and high school Baccalaureate (Bac II) final examinations. ...

Hang Punreay
https://www.khmertimeskh.com/501275975/ministry-sets-dates-for-diploma-and-bac-ii-exams/

NBC’s Chanto: Kingdom’s growth will hit 6% in 2023

The central bank governor has set a six per cent target for Cambodia’s economic growth in 2023 – higher than the 5.2-5.8 per cent forecast by major international institutions such as the Asian Development Bank (ADB), World Bank (WB) and International Monetary Fund (IMF). ...

Rann Reuy
https://www.phnompenhpost.com/national/nbcs-chanto-kingdoms-growth-will-hit-6-2023

GDT, GDCE revenues top $1.9B, pass 30% of 2023 goal

The finance ministry’s taxation and customs departments collectively netted $1.908 billion in revenues in the first quarter of 2023, marking just over 30 per cent of the full-year target, official figures show. ...

Hin Pisei
https://www.phnompenhpost.com/business/gdt-gdce-revenues-top-19b-pass-30-2023-goal

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