Economy and commerce

The General Department of Taxation (GDT) collected $300.59 million in tax revenue last month, or about 8.42 per cent of the $3.57170 billion target set in the 2023 Law on Financial Management, marking a 4.29 per cent increase over January 2022. ...

Cambodia’s most significant trade partner for exports is the United States, while its primary source of imports is China. ...

Cambodia’s cashew value chain has received a boost after discussions were held between Cambodia Cashew Federation (CCF) and development partners to build the nation’s nascent cashew export sector. ...

Cambodia is set to have its first modern, world-class logistics complex as the International Finance Corporation (IFC) recently signed a new collaboration agreement with two of the region’s leading logistics companies. The financial institution feels the new partnership will deliver a major boost to infrastructure, ...

The General Department of Taxation (GDT) of the Ministry of Economy and Finance collected some $300 million as tax income in the first month of 2023, up 4.29 percent compared to that of December 2022. ...

The listed-Sihanoukville Autonomous Port (PAS) and Phnom Penh Autonomous Port (PPAP) posted revenues at almost $130 million last year, Ministry of Public Works and Transport’s report showed. ...

To enhance competitiveness, economic growth and Cambodian living standards, Minister of Economy and Finance (MEF) Aun Pornmoniroth shared inputs and issued directions to promote public work and the transportation sector at the result summary and work direction conference of the Ministry of Public Work and ...

There are 400 abandoned  buildings in Sihanoukville and authorities want to do something about the eyesore. Preah Sihanouk Governor Kuoch Chamroeun said Sihanoukville has 1,006 high-rise buildings of which 359 were unfinished and abandoned. ...

Deputy Prime Minister Prak Sokhonn, Minister of Foreign Affairs, and Cherdkiat Atthakor, Ambassador of Thailand to Cambodia, expressed strong optimism in the direction of the relations between Cambodia and Thailand. ...

Cambodia will start benefiting in April from the UK’s Developing Countries Trading Scheme (DCTS), a new type of customs preference unveiled by the European country in August 2022. ...

The International Financial Corporation (IFC) on February 16 announced that it had inked a new “collaboration agreement” with local WorldBridge Group and Singapore’s YCH Group for the development of the Phnom Penh Logistics Complex (PPLC) as a “smart logistics hub” in Southeast Asia, in a ...

Kampot provincial governor Mao Thonin offered a former battlefield turned banana plantation as an example of one of the province’s great success stories. “Once the site of immeasurable suffering, it is now a popular tourist attraction, while also producing up to 2,500 tonnes of export ...

German President Frank-Walter Steinmeier’s visit to Cambodia could give renewed impetus towards the consolidation of bilateral relations between the two countries as well as to the two-way goods trade, which was valued at nearly $1.25 billion in 2022, expanding by almost one-fifth on a yearly ...

The Developing Countries Trading Scheme (DCTS) of the United Kingdom (UK) will come into effect in April and Cambodia is among the 65 beneficiaries of it. The scheme will replace the Generalised System of Preferences (GSP). ...

German delegation led by Michael Keller, Secretary of State of the Federal Ministry of Economic Affairs and Climate Action yesterday called on Sok Chenda Sophea, Minister attached to Prime Minister and Secretary General of the Council for the Development of Cambodia (CDC)—the highest decision making ...

Bilateral trade between Cambodia and Laos is predicted to pick up after a recent series of key meetings between national leaders and prominent members of the business community, following a reported jump of roughly three-tenths last year over 2021. ...

Cambodia’s Ministry of Commerce and Lanton Cloud Service Technology Co., Ltd. have signed a memorandum of understanding (MoU) on strategic cooperation to promote the kingdom’s e-commerce, said a ministry’s news release on Wednesday. ...

The Ministry of Economy and Finance on February 15 published a document establishing a series of internal goals, objectives, approaches and actions with a vision to 2030, to better align with the Royal Government of Cambodia’s (RGC) policies and strategies. ...

The government is exploring the idea of entering into a memorandum of understanding (MoU) with Chinese e-commerce giant Alibaba Group to shore up international online sales of Cambodian products.​Minister of Commerce Pan Sorasak on February 14 chaired a first key meeting of an ad-hoc working ...

The Cambodian Investment Board under the Council for the Development of Cambodia (CDC) recently approved investment proposals for 11 more companies, creating 11,000 jobs. The companies will have a total investment of $57.3 million. Nine of these are in the garment, footwear and travel goods ...

The Sihanoukville and Phnom Penh ports generated a total of nearly $130 million in revenues last year, according to Minister of Public Works and Transport Sun Chanthol. ...

German investors are satisfied with Cambodia’s investment environment which to them is very open and favourable. The satisfaction was underlined by a German business delegation led by Frank-Walter Steinmeier, President of the Federal Republic of Germany during a meeting here at the Peace Palace on ...

A company branded Agribusiness Asia Group Co., Ltd. is interested in investing in corn plantation in Battambang province. The intention was revealed by a representative of Agribusiness Asia Group Co., Ltd. in a meeting with Sok Lou, Governor of Battambang province in the province on ...

Cambodia’s Ministry of Commerce and Lanton Cloud Service Technology Co., Ltd. have signed a memorandum of understanding (MoU) on strategic cooperation to promote the kingdom’s e-commerce, said a ministry’s news release on Wednesday. ...