News

Cambodia, Singapore vow to ramp up cooperation

Cambodia and Singapore have pledged to step up cooperation to bolster bilateral trade, after registering more than $5.2 billion last year, marking a nearly 50 per cent jump over 2020. ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-singapore-vow-ramp-cooperation

Malaysia trade surges by over one-third in Jan-Apr

Bilateral trade between Cambodia and Malaysia was worth $205.2 million in the first four months of 2022, surging by over one-third from nearly $152.9 million from the corresponding period last year, according to Customs. ...

Hin Pisei
https://www.phnompenhpost.com/business/malaysia-trade-surges-over-one-third-jan-apr

Cambodia-Vietnam trade grows 13.6% in Q1

Bilateral trade between Cambodia and Vietnam totalled $1.72205 billion in the first quarter of 2022, representing a 13.6 per cent increase from the $1.5153 billion recorded in the corresponding period last year, according to Customs. ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-vietnam-trade-grows-136-q1

Customs collected nearly $600 million in revenue in the first quarter of this year

The General Department of Customs and Excise of Cambodia (ACC) collected 2,428.6 billion Riels, equivalent to $597.6 million or approximately 23.2percent of the plan set by the Financial Law for 2022 management. ...

Khmer Times Staff
https://www.khmertimeskh.com/501059681/customs-collected-nearly-600-million-in-revenue-in-the-first-quarter-of-this-year/

Cambodia logs over $84M of iron, steel imports in Q1

Cambodia has imported iron and steel worth over $84 million in the first quarter of 2022 – an increase of over three per cent compared to the same period last year, according to the General Department of Customs and Excise (GDCE). ...

Hom Phanet
https://www.phnompenhpost.com/business/cambodia-logs-over-84m-iron-steel-imports-q1-0

Effective jab drive boosts Cambodia’s Q1 int’l trade

The first quarter of 2022 clocked over $13 billion in international trade, nine per cent more than last year, with exports jumping 25.7 per cent year-on-year. ...

Hin Pisei
https://www.phnompenhpost.com/business/effective-jab-drive-boosts-cambodias-q1-intl-trade

‘Digital link’ between post, customs launched

Swisscontact, on behalf of the World Trade Organisation’s (WTO) Global Alliance for Trade Facilitation (GATF), on February 8 launched a new e-trade portal project in partnership with two Cambodian government institutions – the General Department of Customs and Excise (GDCE) and Cambodia Post. ...

May Kunmakara
https://www.phnompenhpost.com/business/digital-link-between-post-customs-launched

Customs launches mobile app for this year

The General Department of Customs and Excise of Cambodia (GDCE) has launched a mobile app of the Cambodia Customs Tariff for 2022 to make it easier for businesspeople to calculate import duties and taxes, and identify goods by category and restriction status. ...

Hom Phanet
https://www.phnompenhpost.com/business/customs-launches-mobile-app-year

Ministry, Swisscontact ink MoU on SME e-commerce

The Ministry of Commerce and Swisscontact, representing the Global Alliance for Trade Facilitation (GATF), are teaming up on a project to make it easier for small- and medium-sized enterprises (SME) to ship and receive small parcels internationally, according to the ministry. ...

May Kunmakara
https://www.phnompenhpost.com/business/ministry-swisscontact-ink-mou-sme-e-commerce

Settle vehicle import taxes owed by Dec 31: customs

The General Department of Customs and Excise of Cambodia (GDCE) on December 1 reiterated a call on owners of left-hand drive vehicles who have yet to pay any applicable import taxes or related fees due to do so before December 31, in order to benefit ...

Nov Sivutha
https://www.phnompenhpost.com/business/settle-vehicle-import-taxes-owed-dec-31-customs

Customs trends, guidance at key meet

The private sector has drawn attention to a host of issues for customs and excise to optimise operations, control the entry of illegal or restricted goods into Cambodia, bring in more revenue to state coffers, and protect local producers. ...

Hom Phanet
https://www.phnompenhpost.com/business/customs-trends-guidance-key-meet

Study set to pinpoint trade flow bottlenecks at ports

The results of a crucial ongoing study will enable Cambodia to set out a framework of strategies to enhance the efficiency of the trade facilitation environment and the Kingdom’s competitiveness on the international stage, according to General Department of Customs and Excise (GDCE) director-general Kun ...

Hin Pisei
https://www.phnompenhpost.com/business/study-set-pinpoint-trade-flow-bottlenecks-ports

Customs logs nearly $1.16B in first half 2021

The Ministry of Economy and Finance’s General Department of Customs and Excise of Cambodia (GDCE) collected $1.1595 billion in revenue in the first half of 2021, down 8.9 percent year-on-year. ...

Thou Vireak
https://phnompenhpost.com/business/customs-logs-nearly-116b-first-half-2021

Special tariffs cut to boost auto sales

From early next month, the special tariffs on imported family vehicles will be reduced by 10 to 25 percent according to engine size, according to an announcement from the General Department of Custom and Excise. ...

Sok Chan
https://www.khmertimeskh.com/50816772/special-tariffs-cut-to-boost-auto-sales/

Japan to assist in Cambodian customs clearance automation

The Japanese government will assist the Cambodian General Department of Customs and Excise of Cambodia (GDCE) in setting up an automated customs clearance system that will speed up cargo clearance time, alleviating congestion problems that slow the process.​​ ...

Jason Boken
https://www.khmertimeskh.com/50804464/japan-to-assist-in-cambodian-customs-clearance-automation/

Cambodia adopts ASEAN service for customs clearance

Cambodian importers and exporters can now apply for ASEAN Customs Declaration Documents (ACDD) electronically through the ASEAN Single Window (ASW), the General Department of Customs and Excise of Cambodia (GDCE) said on December 24. ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-adopts-asean-service-customs-clearance

Prolonged VAT exemptions to benefit farmers

As revenues have soared, the General Department of Customs and Excise of Cambodia (GDCE) has opted not to impose new value-added taxes (VAT) on select agricultural equipment in policies set to take effect on January 1, next year. ...

Thou Vireak
https://www.phnompenhpost.com/business/prolonged-vat-exemptions-benefit-farmers

Revenue from customs and excise to feel impact of Covid-19 outbreak, GDCE says

The General Department of Customs and Excise (GDCE) said its 2020 revenue will take a hit from the outbreak of the novel coronavirus in China. The department is unlikely to meet revenue goals for 2020 as import-export activity in the Kingdom slows down due to the ...

May Kunmakara
https://www.phnompenhpost.com/business/revenue-customs-and-excise-feel-impact-covid-19-outbreak-gdce-says

GDCE’s revenue up 35 percent

Revenue at the General Department of Customs and Excise (GDCE) saw a significant increase during the first nine months of the year, growing by 35 percent over the corresponding period last year, GDCE’s director said last week. From January to September, the department collected almost $2.4 ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50652815/gdces-revenue-up-35-percent/

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