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ខ្មែរ 
Cambodia Issues Over US$60m in State Securities in First Half of 2024
- 2 August 2024
In the first half of 2024, the Cambodian government issued public securities worth 255.3 billion Riels (approximately US$63 million) to finance public investment projects aimed at promoting economic growth and productivity. This information comes from a report by the National Bank of Cambodia dated 31 July 2024. The report details that one-year government securities were issued for 32 billion R...
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New National Assembly Building in Cambodia Reaches 57% Completion with Vietnam’s US$25m Grant
- 2 August 2024
The construction of Cambodia's new National Assembly building, funded by a US$25 million grant from Vietnam, has reached 57% completion. The project committee, led by National Assembly President Khuon Sodary, reviewed progress on 31 July 2024. During the meeting, TCV, an international construction company, reported that although the project was initially expected to be completed by August, COVI...
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GDT Sets Property Tax Deadline for 30 September 2024
- 2 August 2024
The General Department of Taxation (GDT) has reminded all property owners to fulfil their property and land tax obligations by 30 September 2024. The announcement, made on 31 July 2024, , emphasises the critical importance of meeting this deadline to ensure a smooth tax collection process. To facilitate efficient tax payments, the GDT encourages property owners to comply promptly. Taxes can be ...
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Cambodia’s Manufacturing Sector Expands with 2,175 Factories and Over 1.1 Million Jobs
- 1 August 2024
As of the first half of 2024, the Ministry of Industry, Science, Technology, and Innovation (MISTI) has registered a total of 2,175 manufacturing factories, up from 1,997 in the same period last year. These factories collectively employ about 1.1 million workers, according to a recent report from the National Bank of Cambodia, issued last week on 1 August 2024. The report projects the manufactu...
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Cambodian Senate Approves Landmark Air Transport Law to Boost Aviation Sector
- 1 August 2024
In a significant move to bolster Cambodia’s aviation industry, the Senate has unanimously approved the draft law on international air transport. The approval, achieved with 56 out of 56 votes during the extraordinary session of the Senate of the 5th legislature, was held under the chairmanship of Samdech Techo Hun Sen on 31 July 2024. The newly approved law aims to establish a robust legal fram...
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The Gov’t Establishes Special Task Force to Expedite Tax Audits
- 1 August 2024
In a decisive move to enhance the business and investment environment, the Cambodian government has established a special tax audit unit under the General Department of Taxation of the Ministry of Economy and Finance. This unit aims to expedite the resolution of tax audit issues and ensure compliance with existing laws and regulations. The decision was formalised through a sub-decree on 16 July 20...
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Cambodia to Establish Private Business Centre in Macau to Expand Overseas Markets
- 31 July 2024
The Cambodian Ministry of Commerce is preparing to establish a Cambodian Private Business Centre in Macau to boost overseas markets. This initiative aims to promote the export of Cambodian products and enhance international trade relations. The announcement came following a site inspection by a delegation led by Mr. Seang Thai, Secretary of State of the Ministry of Commerce, on 22-23 July 2024. ...
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SHV Welcomes 2.8 Million Tourists in First Half of 2024, Including 200K Foreign Visitors
- 31 July 2024
In the first six months of 2024, Sihanoukville attracted a total of 2.8 million tourists, including 200K foreign visitors, showcasing a significant increase from the previous year. This information was revealed during a meeting between HE Mang Sineth, Governor of Sihanoukville Province, and Mrs. Tuy Le Chheng, Ambassador of Singapore to Cambodia, on 29 July 2024. Governor Sineth highlighted tha...
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Korea Pledges US$10 Million Cooperation Fund to Boost Mekong Development by 2027
- 31 July 2024
The Republic of Korea has pledged to increase its financial contribution to the Mekong-Republic of Korea Cooperation Fund to US$10 million by 2027, aiming to bolster sustainable development and environmental protection in the Mekong subregion. This commitment was announced in a press release on 28 July 2024. During the 12th Meeting of the Foreign Ministers of the Mekong and the Republic of Kore...
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Golden Port SEZ to Establish 270-Hectare SEZ Along Sihanoukville Expressway
- 30 July 2024
Golden Port SEZ Development Co., Ltd. has unveiled plans to establish a 270-hectare special economic zone along the Phnom Penh-Sihanoukville Expressway, aiming to bolster industrial diversification in Cambodia. The announcement was made following a meeting on 29 July 2024 between Mr. Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Kaing Leng, Chairman of Golden Port SE...
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Cambodia’s Mid-2024 Economic Update: Sharp Decline in Credit Growth Signals Business Slowdown, Rising NPL Ratios Across Sectors
- 30 July 2024
A significant decline in credit growth indicates a slowdown in business activities nationwide. This trend is accompanied by rising non-performing loan ratios (NPLRs) across all major sectors, including commercial banks, mortgages, construction, and real estate activities, according to recent data from the National Bank of Cambodia for Q1 2024 and updated by CBRE Cambodia on 26 July 2024. Credi...
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PPSEZ CEO: Digitalizing custom procedures can reduce 30% of Cambodia’s logistic cost and if Donald Trump Wins
- 30 July 2024
The Phnom Penh Special Economic Zone (PPSEZ), a key industrial park in Cambodia, is diversifying its tenant base to attract more companies from Thailand and Vietnam, amid shifts in global supply chains. Housing over 90 tenants from 15 countries across 3.57 square kilometres, PPSEZ aims to complement Thailand's supply chain and encourage production transfer from Vietnam, reported Nikkei Asia on 23 ...
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