Ministries and other national bodies

Ministry of Economy and Finance

Cambodia’s international trade recorded at almost $32 billion in first eight months

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. ...

Khmer Times Staff
https://www.khmertimeskh.com/501359286/cambodias-international-trade-recorded-at-almost-32-billion-in-first-eight-months/

Cambodian passport services to be available in South Korea

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.​ ...

Hang Punreay
https://www.khmertimeskh.com/501357936/cambodian-passport-services-to-be-available-in-south-korea/

PM asks MEF to simplify biz registration procedures

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 ...

Kang Sothear
https://www.khmertimeskh.com/501353754/pm-asks-mef-to-simplify-biz-registration-procedures/

GDT revises special tax on non-alcoholic beverage products

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 ...

Kang Sothear
https://www.khmertimeskh.com/501344132/gdt-revises-special-tax-on-non-alcoholic-beverage-products/

Cambodia asks IMF to review public debt mechanisms

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. ...

Kang Sothear
https://www.khmertimeskh.com/501344188/cambodia-asks-imf-to-review-public-debt-mechanisms/

Economy to stay healthy this year, says MEF

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. ...

Chea Vanyuth
https://www.khmertimeskh.com/501340003/economy-to-stay-healthy-this-year-says-mef/

Non-sovereign loan Forum guides private sector to directly access development partners’ financial services

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. ...

Khmer Times Staff
https://www.khmertimeskh.com/501340218/non-sovereign-loan-forum-guides-private-sector-to-directly-access-development-partners-financial-services/

Kingdom collects $2.79 billion in tax revenue in 1H

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. ...

Chea Vanyuth
https://www.khmertimeskh.com/501339088/kingdom-collects-2-79-billion-in-tax-revenue-in-1h/

SDF implements 100 projects, trains 11,309

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. ...

Manoj Mathew
https://www.khmertimeskh.com/501338655/sdf-implements-100-projects-trains-11309/

SME Bank disburses $54M loans to tourism related biz

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. ...

Chea Vanyuth
https://www.khmertimeskh.com/501337906/sme-bank-disburses-54m-loans-to-tourism-related-biz/

Kampot tourism port seeks public-private partnership

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”. ...

Chea Vanyuth
https://www.khmertimeskh.com/501335914/kampot-tourism-port-seeks-public-private-partnership/

Cambodia issues Government Bond of $27 million in H1

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. ...

Khmer Times Staff
https://www.khmertimeskh.com/501334815/cambodia-issues-government-bond-of-27-million-in-h1/

$8B investment capital registered at single portal

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. ...

Chea Vanyuth
https://www.khmertimeskh.com/501332516/8b-investment-capital-registered-at-single-portal/

Government transfers extra funds to communes

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. ...

Hang Punreay
https://www.khmertimeskh.com/501322664/government-transfers-extra-funds-to-communes/

GDP per capita to swell 8.3% in 2023, Pornmoniroth says

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 ...

Kang Sothear
https://www.khmertimeskh.com/501312162/gdp-per-capita-to-swell-8-3-in-2023-pornmoniroth-says/

Cambodia collects $1.8 billion in Tax Income for first 5 months of this year

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. ...

Khmer Times Staff
https://www.khmertimeskh.com/501309834/cambodia-collects-1-8-billion-in-tax-income-for-first-5-months-of-this-year/

Finance ministry absorbs French budgeting lessons

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. ...

Van Socheata
https://www.phnompenhpost.com/national/finance-ministry-absorbs-french-budgeting-lessons

MEF will soon gather taxable real estate data

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 ...

Kang Sothear
https://www.khmertimeskh.com/501303667/mef-will-soon-gather-taxable-real-estate-data/

Tax income collection accounts for 44% of yearly plan as of April

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. ...

Khmer Times Staff
https://www.khmertimeskh.com/501293298/tax-income-collection-accounts-for-44-of-yearly-plan-as-of-april/

GDT allows taxpayers to adjust annual tax online

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 ...

Kang Sothear
https://www.khmertimeskh.com/501290817/gdt-allows-taxpayers-to-adjust-annual-tax-online/

MEF, ABA Bank partner to develop digital economy and fintech

The Ministry of Economy and Finance (MEF) and Canada-headquartered ABA Bank signed a Memorandum of Understanding (MoU) today to collaborate within the framework of digital economy and financial technology development in Cambodia. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-mef-aba-bank-partner-to-develop-digital-economy-and-fintech

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

Gov’t discusses new strategies to attract investment

The Ministry of Economy and Finance (MEF), in collaboration with the World Bank (WB), yesterday held a sector policy dialogue to discuss new strategies with development partners and other government officials from different ministries and institutions to boost investment while considering the scope of regional ...

Kang Sothear
https://www.khmertimeskh.com/501269338/govt-discusses-new-strategies-to-attract-investment/

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
https://www.phnompenhpost.com/national/pornmoniroth-meets-new-australian-ambassador-talks

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