News

Ministry of Industry, Science, Technology & Innovation encourages informal economy workers in Kampong Speu to register in the digital platform

On Monday, H.E. Hem Vandy, Chairman of the Coordinating Committee for Informal Economy Development (CCIED), encouraged informal economy workers in Kampong Speu province to register via the digital portal. He emphasized that their participation is crucial for economic growth and for integrating the informal sector ...

Sum Manet
https://shorturl.at/OS5yX

NSPC launches social security formalisation plan to boost informal economy support

The Minister of Industry, Science, Technology & Innovation and Chairman of the Coordinating Committee for Informal Economy Development Hem Vanndy, presided over the official launch of the Operational Plan on Social Security Formalisation 2024–2026.​​ ...

Khmer Times Staff
https://www.khmertimeskh.com/501659041/nspc-launches-social-security-formalisation-plan-to-boost-informal-economy-support/

MISTI strengthens efforts to formalise informal economy

The Ministry of Industry, Science, Technology & Innovation (MISTI) has reiterated its commitment to fostering the growth of Cambodia’s informal economy and facilitating its transition into the formal sector, as approximately 97% of small and medium-sized enterprises (SMEs) continue to operate informally.   ...

Ben Sokhean
https://www.khmertimeskh.com/501649467/misti-strengthens-efforts-to-formalise-informal-economy/

CCIED accelerates informal economy onboarding efforts

The Coordinating Committee on Informal Economy Development (CCIED) in partnership with the Battambang Provincial Administration has intensified efforts to integrate informal workers into the formal sector.   ...

Sum Manet
https://www.khmertimeskh.com/501644754/cied-accelerates-informal-economy-onboarding-efforts/

Informal businesses registration surpasses 11K, MISTI says

As of February 11, the Informal Economy Onboarding Platform has received 11,447 applications from informal businesses, a majority of which are from Phnom Penh, according to a report from the Ministry of Industry, Science, Technology & Innovation (MISTI) on Wednesday. ...

Sum Manet
https://www.khmertimeskh.com/501639140/informal-businesses-registration-surpasses-11k-misti-says/

Coordinating committee reviews progress on informal economy development

The Coordinating Committee on Informal Economy Development (CCIED), chaired by Hem Vanndy, Minister of Industry, Science, Technology and Innovation, convened a meeting to assess progress on key measures implemented by various ministries and institutions. ...

Khmer Times Staff
https://www.khmertimeskh.com/501638769/coordinating-committee-reviews-progress-on-informal-economy-development/

Self-employed workers must adhere to NSSF norms to accrue benefits

The National Social Security Fund (NSSF) has asked self-employed workers including domestic workers, who are part of the informal sector, to stick to the sub-decree issued in December to accrue the NSSF benefits.   ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501637319/self-employed-workers-must-adhere-to-nssf-norms-to-accrue-benefits/#google_vignette

Agricultural products see remarkable surge in exports

Cambodia saw a significant surge in the export of potential agricultural products in 2024, an official report from the Ministry of Commerce showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501633884/agricultural-products-see-remarkable-surge-in-exports/

Campaign to register informal economy workers launched

Ministry of Industry, Science, Technology and Innovation (MISTI) and Phnom Penh Municipal Hall Monday organized a ‘Campaign to promote and register informal economic workers’ to enhance participation in supply chains, create added value in national economic activities and reduce poverty and social inequality.   ...

Mom Kunthea
https://www.khmertimeskh.com/501627251/campaign-to-register-informal-economy-workers-launched/

Phnom Penh’s informal economy on​​boarding campaign paves path for national expansion

The Coordinating Committee on Informal Economy Development (CCIED), in collaboration with the Phnom Penh Municipal Administration, co-organise an outreach campaign with 1,500 members of Phnom Penh’s informal economy on January 20.​ ...

Khmer Times Staff
https://shorturl.at/ZfLWk

CCIED to set up M&E framework for informal economy

The Coordinating Committee for Informal Economy Development (CCIED), in collaboration with the UNDP, ILO, and the Cambodia-Australia Partnership for Resilient Economic Development (CAPRED), Monday organized a consultation workshop to establish a Monitoring and Evaluation (M&E) Framework for the National Strategy for Informal Economy Development 2023-2028. ...

Sum Manet
https://shorturl.at/dktl5

Digital onboarding soon for SMEs to enter formal sector

The Cambodian government is set to launch a digital onboarding platform next week to promote the transition of small and medium enterprises (SMEs) in the informal sector to the formal economy, Hem Vanndy, Minister of Industry, Science, Technology and Innovation said on Tuesday. ...

https://www.khmertimeskh.com/501606797/digital-onboarding-soon-for-smes-to-enter-formal-sector/

Vanndy says the informal economy is a pillar of Cambodia’s 2050 vision

The Minister of Industry, Science, Technology & Innovation Hem Vanndy, yesterday delivered a keynote address on the development of Cambodia’s informal economy to about 200 students at CamEd Business School. ...

Khmer Times Staff
https://www.khmertimeskh.com/501554499/vanndy-says-the-informal-economy-is-a-pillar-of-cambodias-2050-vision/

Digital platform for informal economy to spur Kingdom’s GDP

The Ministry of Industry, Science, Technology and Innovation (MISTI) weighed the challenges of launching a digital platform for the informal economy recently. The Coordinating Committee for Developing the Informal Economy presented a progress update on the strategy during the meeting held at the MISTI headquarters ...

Jigme Palden Pazo
https://www.khmertimeskh.com/501546087/digital-platform-for-informal-economy-to-spur-kingdoms-gdp/

MEF issues guidelines for sub-decree on informal sector taxation

The Ministry of Economy and Finance (MEF) has issued guidelines and procedures for implementing the sub-decree aimed at encouraging individuals and businesses operating in the informal economy to comply with tax obligations. ...

Mom Kunthea
https://www.khmertimeskh.com/501544865/mef-issues-guidelines-for-sub-decree-on-informal-sector-taxation/

Launch of digital platform for informal economy registration discussed

The Coordinating Committee for Developing the Informal Economy convened a meeting to assess progress and discuss plans to launch a digital platform for registering the informal economy. ...

Khmer Times Staff
https://www.khmertimeskh.com/501543304/launch-of-digital-platform-for-informal-economy-registration-discussed/

Cambodia’s first national MSME Day: Navigating opportunities and challenges

Tomorrow (June 27), Cambodia will celebrate its first national day of micro, small and medium enterprises (MSME Day 2024), a sector that stands at a critical juncture of opportunities and challenges. ...

Hong Raksmey
https://www.phnompenhpost.com/business/cambodia-s-first-national-msme-day-navigating-opportunities-and-challenges

Tax incentives introduced to encourage informal economy

Under newly implemented regulations, the Royal Government of Cambodia (RGC) has offered various tax incentives for micro, small and medium-sized enterprises (MSMEs) currently operating in the informal economy to properly register their businesses with the Ministry of Commerce (MoC) and the General Department of Taxation ...

James Whitehead
https://www.khmertimeskh.com/501509765/tax-incentives-introduced-to-encourage-informal-economy/

Informal MSMEs motivate to integrate into formal economy

Minister of Industry, Science, Technology, and Innovation Hem Vanndy said the government is committed to promoting micro, small and medium enterprises (MSMEs) access to finance and motivating informal SMEs to register into the formal economy. ...

Chea Vanyuth
https://www.khmertimeskh.com/501462328/informal-msmes-motivate-to-integrate-into-formal-economy/

NSSF health coverage for more groups

The National Social Security Fund (NSSF) plans to offer free healthcare to new target groups under a new programme. The first and largest group includes vendors and those who work in related informal jobs, like street vendors. He added the other target groups include digital ...

Tith Kongnov
https://www.khmertimeskh.com/501434860/nssf-health-coverage-for-more-groups/

NSSF: Over 100,000 people register for voluntary contribution scheme

From Nov. 14, 2023 to Jan. 1, 2024, a total of 106,868 people has registered as members of the Voluntary Contribution Health Care Social Security Scheme Fund (Voluntary Contribution Scheme), administered by the Ministry of Labour and Vocational Training. ...

Khmer Times Staff
https://www.khmertimeskh.com/501417707/nssf-over-100000-people-register-for-voluntary-contribution-scheme/

Street Vendors Day calls for support

The Independent Democratic Informal Economy Association abbreviated (IDEA) and OXFAM in Cambodia on November 15 celebrated the 11th International Street Vendors Day, with the aim of promoting labour rights and calling for social protection for street vendors. ...

Chea Sokny
https://www.phnompenhpost.com/national/street-vendors-day-calls-for-support

Warning issued over tax collection from informal vendors

Phnom Penh officials have issued a notice regarding the illegal collection of taxes and fees from informal vendors by crooks, with social analysts calling on the government to hand out severe punishments for those caught doing it. ...

Meas Molika
https://kiripost.com/stories/cambodia-warning-issued-over-tax-collection-from-informal-vendors

Street vendors continue to struggle to survive

While Cambodia’s economy and borders have now been open for two years following the Covid-19 pandemic, many small businesses continue to face financial hardships amid a global economic slowdown. ...

Yatt Malai
https://kiripost.com/stories/cambodia-phnom-penh-street-vendors-struggle-to-survive

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