Investment and Funding
ADB Provides US$10m Loan to CP Bank for Boosting SMEs in Cambodia
The Asian Development Bank (ADB) and Cambodia Post Bank (CP Bank) have signed a loan agreement of US$10 million to support the recovery of micro, small, and medium-sized enterprises (MSMEs) in Cambodia from the COVID-19 pandemic by expanding their access to finance. At least 50% of the proceeds are marked to finance MSMEs led by […]
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Gov’t Urges Establishment of More Waste-Processing Plants
Secretary of State and spokesperson of the Ministry of Environment HE Neth Pheaktra has encouraged the private sector to establish more waste processing plants in Cambodia, as each year Cambodia produces more than 4 million tons of waste. HE Neth Pheaktra said on 9 February that recycling waste will help contribute to reducing the impact […]
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Chinese Firms Jointly Provide US$4.5m to Build Two Major Infrastructure Projects in Cambodia
Three major Chinese companies have jointly provided more than US$4 million in grants to Cambodia to construct two major infrastructure projects, according to the meeting between PM Samdech Hun Sen and three Chinese companies during his trip to China on 9 February. The three significant investors are China Road Bridge Corporation, Beijing Urban Construction Group, […]
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Kampong Speu has 383 factories & enterprises worth nearly US$2 billion
As of February 9, 2023, Kampong Speu province has 383 factories and enterprises with capital worth over US$2 billion, Governor Vy Samnang on 9 February. HE Samnang stressed that Kampong Speu province has substantial growth in the factory industry, which provides jobs to over 155,761 workers (115,522 women). He added that in the textile, garment, […]
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UK mulls investing more in energy & other sectors in Cambodia
UK investors want to boost investment in infrastructure in Cambodia, especially in the energy sector. The intention was expressed during the meeting between the Secretary of State of the Ministry of Mines and Energy HE Sok Khavan and representatives UK Infrastructure and Projects Authority (IPA) as well as the UK Embassy in Cambodia on 6 […]
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Gov’t Urges Hungary to Invest More in Cambodia as Bilateral Trade Up 84% Y-o-Y
Cambodia has asked Hungarian investors to study and explore more trade and investment opportunities in Cambodia, as the two countries’ trade volume has increased significantly, reaching more than US$7 million in 2022. This is according to the meeting between Secretary of State of the Ministry of Commerce HE Tek Reth and new Ambassador of Hungary […]
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PM: Cambodia Breaks Record of High Tax Collection in 2022
Cambodia Prime Minister Samdech Hun Sen has praised the General Department of Taxation (GDT) for the successful tax revenue collection in the past year, which has broken the record of the highest tax collection. The GDT collected tax income exceeding the target plan, reaching the highest surplus of all time, Samdech Hun Sen said. The […]
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Stamp Duty Revenue in 2022 Increases 12.7% Y-o-Y
In 2022, stamp duty revenue from real estate ownership transfers collected by the General Department of Taxation (GDT) increased by 12.7% compared to 2021, according to a GDT press release on 31 January. In 2022, GDT collected a total of US$3.4 billion, equivalent to 122.54% of the financial law plan for the management of 2022, […]
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First Gov’t Bond Trial of Larger-Scale Public Fund Raising Mechanism
The first set of government bonds is a trial for larger-scale capital-raising mechanisms in the future, said Permanent Secretary of the Ministry of Economy and Finance HE Vongsey Visoth. At a public forum on macroeconomic management on 25 January, HE Vongsey Visoth said the government bonds will help Cambodia become less dependent on foreign debt […]
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Gov’t Permits International Companies to Invest 100% in Phnom Penh-Ho Chi Minh Express Railway
The Royal Government of Cambodia has urged French businesses to invest in the construction of high-speed railways and transportation in Cambodia, announcing that foreign businesses will be allowed to invest 100% in the Phnom Penh-Ho Chi Minh high-speed rail line. Prime Minister of Cambodia Samdech Hun Sen on 25 January welcomed and informed the French […]
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