Economy and commerce
Investment
New government looks to more FDI investment
Cambodia is optimistic that it will continue to attract more foreign direct investments following the formation of a new government after the July 23 election, a top official said. ...
Chea Vanyuth
https://www.khmertimeskh.com/501329609/new-government-looks-to-more-fdi-investment/
VIDEO: CDC updates law, sub-decree to investors
Officials of the Council for the Development of Cambodia (CDC) on Tuesday disseminated the new Law on Investment to the members of the Travel Goods and Leather Association (CTLA) and Cambodia Footwear Association (CFA). ...
Nuon Soksarim
https://www.khmertimeskh.com/501327605/video-cdc-updates-law-sub-decree-to-investors/
H1 vehicle imports slow down by 20% on-year to $457M
Cambodia imported a total of $456.673 million worth of “rot’yon” -class automotive motor vehicles in the first half of 2023, down 19.90 per cent year-on-year from $570.099 million, according to the Ministry of Commerce. ...
Hin Pisei
https://www.phnompenhpost.com/business/h1-vehicle-imports-slow-down-20-year-457m
SERC program allows creation of investor, trading accounts
The Securities and Exchange Commission of Cambodia (SERC) last week formally rolled out an online program simultaneously allowing interested individuals to open investor accounts with the government agency and set up trading accounts with the Cambodia Securities Exchange (CSX), according to CSX market operations director ...
May Kunmakara
https://www.phnompenhpost.com/business/serc-program-allows-creation-investor-trading-accounts
New investment law offers attractive incentives for agriculture
Cambodia’s Investment Law heralds new opportunities for investors, offering generous incentives and a focus on diversified sectors. Agriculture takes center stage with attractive tax reliefs and a vision for climate-smart practices. ...
Seng Mengheng
https://kiripost.com/stories/cambodia-new-investment-law-offers-attractive-incentives-for-agriculture
Power firms shifting focus to green projects with Cambodia standing to gain
Chinese companies’ investment in new energy globally surges 55.6% in 2022 ...
Khmer Times Staff
https://www.khmertimeskh.com/501326667/power-firms-shifting-focus-to-green-projects-with-cambodia-standing-to-gain/
Foreign investments up $45.8b in Q1’23 - NBC
Cambodia recorded a nine percent year-on-year growth in foreign direct investment (FDI) at 185.7 trillion riel ($45.8 billion) in the first quarter of 2023, the National Bank of Cambodia (NBC) revealed via Twitter yesterday. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-nbc-foreign-investments-up
Cambodia greenlights manufacturing investments exceeding $50 million
New garment manufacturing investments are being drawn to Cambodia, as confirmed by the Cambodia Investment Board (CIB), a division of the Council for the Development of Cambodia (CDC). ...
Khmer Times Staff
https://www.khmertimeskh.com/501324486/cambodia-greenlights-manufacturing-investments-exceeding-50-million/
Nine new investments worth $77M to deliver 17K jobs
The Council for the Development of Cambodia’s (CDC) two regular notices issued month-to-date reveal that the government body has approved registration certificates for nine new private investment projects – all in manufacturing – valued at a total of $77.4 million and set to deliver an ...
Hin Pisei
https://www.phnompenhpost.com/business/nine-new-investments-worth-77m-deliver-17k-jobs
Cambodia approves 5 new factories worth over $50mn
Five companies have been granted investment plan registration certificates by the Cambodian Investment Board (CIB), part of the Council for the Development of Cambodia (CDC). These firms, are mainly involved in textiles and garments and plan to set up factories across the country, investing around ...
Khmer Times Staff
https://www.khmertimeskh.com/501323430/cambodia-approves-5-new-factories-worth-over-50mn/
China strengthens investment in Cambodia
The Council for the Development of Cambodia (CDC) has announced that it approved 113 new investment and expansion projects with combined registered capital of about $1.1 billion in the first half of this year, of which nearly 65% came from Chinese investors. ...
Khmer Times Staff
https://www.khmertimeskh.com/501324125/china-strengthens-investment-in-cambodia/
Cambodia attracts $1.1 bln fixed-asset investment in H1 of 2023
Cambodia attracted 113 fixed-asset investment projects worth $1.1 billion in the first half of 2023, creating some 122,000 new jobs, said a Council for the Development of Cambodia’s report on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501322866/cambodia-attracts-1-1-bln-fixed-asset-investment-in-h1-of-2023/
Cambodia approves 5 new factories worth over $50mn
Five companies have been granted investment plan registration certificates by the Cambodian Investment Board (CIB), part of the Council for the Development of Cambodia (CDC). These firms, are mainly involved in textiles and garments and plan to set up factories across the country, investing around ...
Khmer Times Staff
https://www.khmertimeskh.com/501323430/cambodia-approves-5-new-factories-worth-over-50mn/
Investment handbook published
The“Handbook on Investing in Cambodia” was formally launched on July 10 to arm local and international players with critical knowledge before committing money and resources into domestic projects as well as to make more informed financial decisions here. ...
May Kunmakara
https://www.phnompenhpost.com/business/investment-handbook-published
Cambodia turns challenges into opportunities for Australian investors
Huge investment potential in Cambodian sectors such as automotive, agriculture development, tourism, technology and innovation, education, logistics and supply chains, and mining have been identified in the latest investment handbook. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-turns-challenges-into-opportunities-for-australian-investors
Handbook on investing in Cambodia launched
FacebookTwitterEmailShare“Handbook on Investing in Cambodia” has been launched as a practical guide for foreign investors looking for opportunities in the Cambodian market, with a particular focus on the 2021 Law on Investment. ...
Khmer Times Staff
https://www.khmertimeskh.com/501322858/handbook-on-investing-in-cambodia-launched/
Cambodia, US vow to expand cooperation to boost trade and investment
Cambodia and the United States are committed to further strengthening and expanding cooperation to increase trade and investment. ...
Khmer Times Staff
https://www.khmertimeskh.com/501320028/cambodia-us-vow-to-expand-cooperation-to-boost-trade-and-investment/
RCEP, FTAs to attract more investments to Cambodia
The Regional Comprehensive Economic Partnership (RCEP) free trade pact and the bilateral free trade agreements (FTAs) will play a crucial role in attracting more foreign direct investments to Cambodia, Cambodia’s central bank said in a report released on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501320535/rcep-ftas-to-attract-more-investments-to-cambodia/
PM says huge investment potential for southwest region
Prime Minister Hun Sen said that the southwest parts of Cambodia are a hub with huge potential for investment due to their well-connected infrastructure, easy transport to deep seaports, and sufficient electricity supplies. ...
Chea Vannak and Chea Vanyuth
https://www.khmertimeskh.com/501315350/pm-says-huge-investment-potential-for-southwest-region/
Nine investment projects to generate 14,000 jobs approved
The Council for the Development of Cambodia (CDC) has announced the approval of nine new investment projects creating a total of 13,849 job opportunities for the locals. ...
Khmer Times Staff
https://www.khmertimeskh.com/501315617/nine-investment-projects-to-generate-14000-jobs-approved/
PM issues sub-decree on Law on Investment
Prime Minister Hun Sen on Monday issued a sub-decree for the complete implementation of Cambodia’s new Law on Investment – which has been in force since October 15, 2021 – to attract and boost both local and foreign direct investment in the country, said a ...
Kang Sothear
https://www.khmertimeskh.com/501315916/pm-issues-sub-decree-on-law-on-investment/
CDC green lights 15 projects worth nearly $220 million
The Cambodian Special Economic Zone Board (CSEZB) and Cambodian Investment Board (CIB) of the Council for the Development of Cambodia (CDC) have approved 15 investment projects worth $218.3 million with plans to recruit more than 17,000 employees to produce various products at different places, according ...
Kang Sothear
https://www.khmertimeskh.com/501314497/cdc-green-lights-15-projects-worth-nearly-220-million/
Chinese-owned Kratie tyre plant gets CDC’s nod
Newbustar (Cambodia) Tire Co Ltd, a member of the Chinese state-owned Doublestar Group, is investing some $138 million in a tyre factory in Kratie province’s southeast to tap into the domestic market. ...
May Kunmakara
https://www.phnompenhpost.com/business/chinese-owned-kratie-tyre-plant-gets-cdcs-nod
GDCE: Tax revenue reduction offset by investment
Cambodia is a signatory to 10 free trade agreements (FTA) which cost the Kingdom over $400 million in lost tax revenue each year. This is nonetheless recovered by the growth of investment and export markets, said the General Department of Customs and Excise of Cambodia ...
Van Socheata
https://www.phnompenhpost.com/business/gdce-tax-revenue-reduction-offset-investment