Ministries and other national bodies

Ministry of Economy and Finance

Pornmoniroth meets with new Australian ambassador for talks

Minister of Economy and Finance Aun Pornmoniroth thanked the Australian government and people for continuing to provide grants and technical assistance as well as supporting human resource development for the Cambodian government and the people of Cambodia. ...

Sok Raksa

Minister of Economy supports increase in EVs to reduce carbon emissions

Deputy Prime Minister Aun Pornmoniroth, Minister of Economy and Finance, expressed his support for the increased use of electric vehicles in Cambodia and urged measures to promote use of EVs in Cambodia. ...

Khmer Times Staff

Cambodia collects $300 million as tax income in January 2023

The General Department of Taxation (GDT) of the Ministry of Economy and Finance collected some $300 million as tax income in the first month of 2023, up 4.29 percent compared to that of December 2022. ...

Khmer Times Staff

Pornmoniroth stresses economic growth, living standards

To enhance competitiveness, economic growth and Cambodian living standards, Minister of Economy and Finance (MEF) Aun Pornmoniroth shared inputs and issued directions to promote public work and the transportation sector at the result summary and work direction conference of the Ministry of Public Work and ...

Hong Sovannary

Finance ministry unveils 2030-vision toolkit

The Ministry of Economy and Finance on February 15 published a document establishing a series of internal goals, objectives, approaches and actions with a vision to 2030, to better align with the Royal Government of Cambodia’s (RGC) policies and strategies. ...

Hin Pisei

Gov’t to launch informal economic policy this year

The Royal Government of Cambodia (RGC) is set to prepare and launch the informal economy policy before the end of 2023 to develop and upgrade the informal sector in a management system under the formal economy, said a top official of the Ministry of Economy ...

Kang Sothear

GDT changes VAT rules for e-commerce transactions for taxable persons who are non-resident taxpayers

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 ...

Kang Sothear

Gov’t lowers 2023 growth forecast from 6.6% to 5.6%

The government has revised down its 2023 growth forecast for the Cambodian economy to 5.6 per cent versus the 6.6 per cent it put forth in October, citing uncertainty about global economic growth tied to the Ukraine conflict, climate change and the Covid-19 crisis. ...

Hin Pisei

$2M allotted for 68km Siem Reap-Oddar Meanchey road

The Ministry of Economy and Finance has earmarked about $2 million to improve a 68km road from Siem Reap to Oddar Meanchey provinces to make travel easier and cut down delivery times of agricultural products. ...

Sem Pisei

Cambodia’s total trade up 9% to $52 billion in 2022

Cambodia’s international trade in 2022 totalled more than $52 billion, a 9.2 percent year-on-year increase, while Cambodia’s exports jumped more than 16 percent. ...

Chea Vanyuth

Cambodia reports $6.6M budget surplus in 11 months

The Royal Government of Cambodia has collected 22,302 billion riels or $5.44 billion as the total national revenue in the first 11 months of 2022, while the total national expenditures reached 22,275 billion riels or $5.43 billion, resulting in 27 billion riels or $6.6 million ...

Kang Sothear

Business credit guarantee plan remains in place

The finance ministry has authorised the extension of the Credit Guarantee Corporation of Cambodia Plc’s (CGCC) $200 million Business Recovery Guarantee Scheme (BRGS) beyond December 31, 2022, until all funds have been utilised, according to the CGCC. ...

May Kunmakara

9 ministries, institutions included in National Single Window 3

The steering committee of the Cambodia National Single Window (CNSW) on Tuesday officially launched the implementation of the system for the third phase, said a press release by the CNSW. Nine ministries and several institutions of the Royal Government of Cambodia were included in the ...

Kang Sothear

$10m fund to buy rice from struggling farmers

The Ministry of Economy and Finance has pledged to provide another $10 million in addition to a $83 million fund to purchase rice from farmers at a reasonable cost amid low prices​ to avoid selling to crooked dealers. ...

Meas Molika

Tax revenue passes target amid money laundering cases

The General Department of Taxation (GTD) of the Ministry of Economy and Finance (MEF) has collected more than $2.94 billion of tax revenue for the period of first 10 months this year, which passes the amount set in the budget law 2022 and increases 26.96 ...

Kang Sothear

Finance ministry prepared to launch ‘CamDL’

The Ministry of Economy and Finance said in a statement that Cambodia Distributed Ledger (CamDL) is a “hybrid permissioned blockchain” designed to provide the public with a platform for testing, understanding, experimenting and developing Decentralised Applications (Dapp), or those in the Web3 space, to solve ...

May Kunmakara

Follow NBC official exchange rate, taxpayers told

The General Department of Tax (GDT) of the Ministry of Economy and Finance has asked tax payers to follow the official exchange rate issued by National Bank of Cambodia (NBC), in a move to strengthen tax collection efficiency. ...

Khmer Times Staff

Financial Technology exhibit on way

The Ministry of Economy and Finance will organize its first ever ‘Fintech Stage’ exhibition in Cambodia to promote the digital economy. The Fintech Stage will join the Cambodia Tech Expo 2022, to be held from November 11-13 at the Koh Pich Convention and Exhibition Centre. ...

Ry Sochan

Ministry of Economy reviewing draft new tax law

The Ministry of Economy and Finance is reviewing the draft new tax law with the Ministry of Justice articles about the criminal code and clauses that go along with other relevant laws, a senior official said. ...

Chea Vanyuth

Gov’t to form financial controlling groups

The Ministry of Economy and Finance (MEF) plans to establish financial controlling groups at each ministry whose function would be to review and approve both the expense budget proposals and procurements of respective ministries and institutions in consultation with the Financial Management Information System (FMIS), ...

Kang Sothea

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