Ministry of Economy and Finance

Despite no new cases of COVID-19 reported in Cambodia since January, the government is planning new measures to tackle the financial effect the virus continues to have on the country.   ...

The Cambodian government has pushed the implementation of separated border crossings and single window service checkpoints along the Thai and Vietnamese border checkpoints to better facilitate cross-border transportation, according to the Ministry of Economy and Finance. ...

The government hit a 20-year record in fiscal revenues from tax and Customs and Excise last year, exceeding the target and rising nearly a third year-on-year. Together they were nearly equal to planned expenditure. ...

The government aims to transform Sihanoukville into Cambodia’s industrial hub – a “second Shenzhen city”, Ministry of Economy and Finance secretary of state Vongsey Vissoth said. Located along the coast, Preah Sihanouk province boasts an international airport, a railway line connected to Phnom Penh and ...

The Ministries of Economy and Finance; and Education, Youth and Sport, will implement a food programme for 50,000 children in 205 target schools using community products. An announcement issued on January 23 and obtained by The Post on Monday said the two ministries would implement ...

The financial policy committee of the Ministry of Economy and Finance is drafting the “Urban Solid Waste Management 2019-2028” policy to address waste management in Phnom Penh. Once approved, it will protect public health and the environment. Minister of Economy and Finance Aun Pornmoniroth, who ...

Agence Francaise de Developpement (AFD) has provided Cambodia with a sovereign loan of 118 million euros ($121 million) for two projects – one to build the Bakheng water treatment plant and another to develop competitive skills. Minister of Economy and Finance Aun Porn Moniroth who ...

The state-owned Rural Development Bank (RDB) has announced that it will distribute $50 million in loans to private rice millers to sustain the paddy market for farmers. The Cambodia Rice Federation (CRF) said the funds will be used to purchase nearly 300,000 tonnes of paddy ...

The government has nearly finished the draft of the Intermodal Transport Master Plan 2021-2030 (the Plan), a Ministry of Economy and Finance press release said on Wednesday. The draft seeks to promote Cambodia’s connectivity, reduce transportation and logistics costs, integrate the Kingdom into the region ...

Minister of Economy and Finance Aun Porn Moniroth and German ambassador to Cambodia Christian Berger on Thursday signed two cooperative financing agreements worth 67.1 million euros, equivalent to $74 million. ...

As part of efforts to achieve a sound macroeconomy, the government plans to increase the revenue raised from taxation and customs and excise by more than 20 per cent next year. The 2020 national budget law approved on Tuesday targets a 28.1 per cent increase in ...

Climate change will slow down Cambodia’s economic growth progressively over the next decades and delay the country’s graduation to middle-income economy by one year, recent government reports show. The ministries of Economy and Finance and Environment on Friday launched two research papers: ‘Addressing Climate Change Impacts ...

The World Bank has officially approved the disbursement of $1 billion to develop priority sectors in Cambodia, the Ministry of Economy and Finance announced Monday. ...

The Ministry of Economy and Finance has highlighted three urgent measures to solve infrastructure woes in Preah Sihanouk province, which is facing challenges amid rapid development. The ministry highlighted measures focusing on roads and drainage systems in the province following a meeting with the Cooperation Committee ...

The ministries of Economy and Finance, and Justice have established a committee to manage property seized from crime, a document signed by the respective ministers said. The “Managing Committee of Confiscated Property” is to handle the sale of items transferred from the courts after a ...

The General Department of Taxation (GDT) collected more than $1.5 billion in tax revenue in the first six months of this year, up 66 per cent from the same period last year, according to a report released by the department on Wednesday. ...

The Asian Infrastructure Investment Bank (AIIB), which is a Chinese initiative, has provided its first loan of $75 million to Cambodia Fiber Optic Communication Network Co Ltd (CFOCN) to improve the Kingdom’s internet speed and quality, an AIIB statement said. ...

Cambodia signed an engineering, procurement and construction contract on the “Promotion of Paddy Production and Rice Exports Project” with Chinese state-owned company CITIC Construction Co Ltd to build rice storage facilities and drying silos in strategic locations in the Kingdom, the Ministry of Economy and ...

The inter-ministerial committee responsible for developing drainage and water treatment systems has agreed to proceed with an infrastructure project to provide Preah Sihanouk province’s Sihanoukville with the capacity to treat up to 30,000 cubic metres of wastewater per day. An agreement was made during an ...

The World Bank will approve the disbursement of $1 billion to Cambodia to develop priority sectors in the next five years, according to the Ministry of Economy and Finance. The announcement was made by a World Bank delegation during a recent meeting with Acting Minister of ...

A feasibility study on the construction of a new airport in the Kingdom will be launched later this year, according to a Ministry of Tourism spokesman on Monday. The plan was approved last week in a meeting held by the Ministry of Economy and Finance ...

Cambodia collected some $1.68 billion in revenue from customs and taxation during the first three months of this year, said Prime Minister Hun Sen. Speaking recently at the 18th Government-Private Sector Forum, he said revenue from the Kingdom’s customs fees accounted for about $668 million ...

Cambodia’s digital economy remains at a nascent stage and will need at least 10 years to grow and aim for a technology-driven economy, said Minister of Economy and Finance Aun Pornmoniroth. Speaking at the national consultation workshop on Policy and Direction of Cambodia’s Digital Economy ...

The General Department of Taxation (GDT) collected over $2 billion in tax revenue last year, up 13.37 per cent from the same period in 2017, according to a statement released by the department on Tuesday. At the December 2018 tax collection revenue meeting, General Department ...