Economy and commerce

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. ...

The Cambodian government on Friday approved the next three-year public investment program (2023-2025), which would require a total capital of $9.22 billion to implement 663 projects, government spokesperson Phay Siphan said. ...

The Kingdom of Cambodia continues on its high growth path in the post-Covid pandemic scenario and is set to report robust growth this year as well as the next few years, according to the International Monetary Fund (IMF). ...

Cambodian economic growth for 2023 is expected to be 6.6 per cent higher than the of the current gross domestic product of 32,291 million. GDP per capita is predicted to rise to $1,924, from the current figure of $1,785, according to the outcome of an ...

The Council of Ministers has approved a draft budget for 2023 of 39,206,205 million riels, or $9.6 billion, a 13 percent increase on 2022. ...

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. ...

The Majority of participants in a survey conducted by the European Chamber of Commerce in Cambodia (EuroCham) have reported that they experienced issues with regard to Value Added Tax (VAT) that included non-issuance of refunds. ...

The General Department of Taxation (GDT) has been given a stiff tax collection target of $3.5 billion for next year, $750 million more than the current year’s budget target, said Kong Vibol, Minister attached to the Prime Minister and Delegate of the Royal Government in ...

The bilateral trade between Cambodia and South Korea reached $818 million in the first nine months of this year, up 13.8 percent compared with the same period last year, according to a report of the Korea International Trade Association (KITA) issued this week. ...

The two-way trade between Cambodia and the United Arab Emirates (UAE) reached almost $280 million in the first eight months of this year, up over 40 percent compared to same period in 2021. ...

Cambodia has officially started exporting longan to China, after waiting for approval since August. ...

Cambodia continued to receive substantial Foreign Direct Investment in the construction sector in 2021, despite the economic slowdown in the wake of Covid-19, showed the Asean Investment Report 2022. ...

Just a few years after U.N. trade data showed evidence of a massive discrepancy in sand exports to Singapore, the Cambodian government has quietly resumed selling the commodity overseas. ...

The China-proposed Global Development Initiative will create a platform for joint growth and see more benefits go to Cambodia due to its cooperation with China to build a community with a shared future, officials and business leaders said. ...

The Cambodia Chamber of Commerce (CCC) will host the ASEAN Business and Investment Summit 2022 next month in Phnom Penh, where leaders of the bloc, its dialogue partners, and business decision-makers discuss and exchange views on various challenges, including economic recovery, geopolitical tension, the Regional ...

China Matrix Technology Group-Horche Intelligent Automobile plans to set up a unit to assemble electric vehicles in Koh Kong province, as per a virtual meeting on October 22. ...

In continuance with the policy to strengthen the Covid pandemic-scarred economy and push for growth, the Council for the Development of Cambodia (CDC) has recently approved projects worth $25.4 million. They are expected to generate around 6,500 job opportunities. ...

In six years, from September 2016 to September 2022, Cambodia’s Ministry of Public Works and Transport managed to sell 225,171 special and personalized car registration number plates earning $82,418,125. ...

About 15,000 tonnes of natural salt imported from India are now in stock to meet local demand, after adverse weather conditions dragged down domestic salt production this year to under 40,000 tonnes, roughly 30,000-60,000 tonnes fewer than estimates for annual nationwide consumption, according to industry ...

Hodo Group, a private textile and garment maker based in Wuxi, Jiangsu province in East China, said it would strive to become a world-class enterprise, said Zhou Haijiang, board chairman of the group and a delegate to the 20th National Congress of the Communist Party ...

At yesterday’s luncheon discussing Cambodia’s startup and SME ecosystem, Vongsey Vissoth, permanent secretary of state of Ministry of Economy and Finance (MEF), said Khmer Enterprise (KE) will increase its investment portion from $5 million to $10 million as part of the nation’s Covid-19 recovery plans ...

A rice mill has signed a Memorandum of Understanding (MoU) with a Mongolian business council that aims to see Cambodia export rice to the landlocked country in the near future. ...

More than 50 government, civil society organizations (CSOs), unions and private sector officials met at an October 20 forum to discuss the benefits and challenges in the agricultural sector related to free trade agreements (FTA). ...

Members of Cambodia’s apex bodies of the banking and microfinance industries have agreed to ease restrictions on loan repayments, reduce interest rates, as well as restructure loans for customers deemed to be significantly affected by the heavy rains and floods that have swept the Kingdom ...