Ministry of Economy and Finance

King Norodom Sihamoni has issued a Royal Kram promulgating the 2024 Law on Financial Management after the National Assembly (NA) approved it on November 16 and the Senate reviewed it on November 24. ...

The government plans to issue a $100 million sovereign bond in 2024. The move aims to raise additional funds through the capital market to support public investment projects, while also repaying the principal and interest of previous issuances. ...

The Ministry of Economy and Finance plans to raise approximately 28 billion riel ($6.8 million) through the issuance of sovereign bonds via the National Bank of Cambodia’s (NBC) online trading platform (NBCP), aiming to garner additional funds from the capital market for public investments. ...

Cambodia approved over 2,600 construction investment projects in the first three quarters of 2023, marking a 19% decrease compared to the same period in 2022. Investment capital and construction space, however, have surged by over 100%, as per the Ministry of Economy and Finance ...

The government’s national revenue collection in the first 10 months of 2023 reached nearly $4.9 billion, equating to almost 78% of the target set by the 2023 Law on Financial Management, while total expenditures stood at over $6.3 billion, as reported by the Ministry of ...

Dr. Hun Manet, Prime Minister of the Kingdom of Cambodia, yesterday reassured that the Royal Government’s vision 2030 and 2050 is not a dream. ...

Cambodia and Singapore have recently signed the Second Protocol Amending the Bilateral Double Taxation Agreement (DTA), to bring the agreement in line with the latest international standards. ...

Cambodia’s GDP per capita is forecast to hit $2,071 in 2024, up from some $1,917 in 2023, said a report from the Ministry of Economy and Finance on Saturday. ...

Deputy Prime Minister and Minister of Economy and Finance (MEF) on Monday asked the Working Group on Law, Tax and Governance of the Government Private Sector Forum (GPS-F) to form an ad-hoc commission to solve complicated technical tax issues by the end of this year, ...

Deputy Prime Minister and Minister of Economy and Finance, Dr Aun Porn Moniroth met with Winfried Vicklen, Director General of the Asian Development Bank (ADB), on his visit to Cambodia from October 9 to10, 2023. ...

Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth unveiled Cambodia’s Financial Technology (fintech) Development Policy for 2023-2028, asserting its potential to harness the advantages of digital transformation in the financial sector and invigorate the country’s socio-economic landscape. ...

Cambodia saw a jump increase in gold exports in the first semester of this year, as more domestic gold refinery plants started commercial products. ...

At least $1 billion is required to invest in completing the unfinished buildings in the coastal city Sihanoukville, said a senior official at the Preah Sihanouk Provincial Administration. ...

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. ...

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.​ ...

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 ...

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 ...

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. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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”. ...