Investment and Funding
Cambodia Refines 5 Tons of Gold Ore, Earning Nearly US$10 Million in Tax Revenue
Cambodia’s gold refinery firms have refined a total of 5.3 tonnes of gold ore by 2022, with the companies paying more than US$8 million in royalties and US$1.5 million other in tax revenue to the government. This figure was presented by officials of the Ministry of Economy and Finance in a public forum on microeconomic […]
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Cambodia has nearly 2,000 industrial plants worth US$16 billion in 2022
Cambodia has 1,982 factories in operation by 2022 with a total investment capital of US$16.6 billion, according to a report from the Ministry of Industry, Technology, Science and Innovation. From January to December last year, the ministry registered 186 new factories and enterprises, while only 168 new factories opened in 2021. 83 factories closed in […]
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Korean investors allowed to own 100% share of private companies in Cambodia
The Cambodian government has allowed Korean as well as other foreign investors to own 100% of the shares without requiring local shares, Cambodia Prime Minister Samdech Hun Sen emphasized the incentive while urging more foreign investment. PM Hun Sen gave that statement during the meeting with former Deputy Prime Minister of South Korea Dr Ou […]
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Cambodia Receives Over US$4bn FDI in 2022
In 2022, Cambodia received foreign investment inflows worth US$4.6 billion, an increase of 7.5% compared to 2021, according to the report of the Council for the Development of Cambodia. Foreign direct investment (FDI) in the SEZ accounted for 27%, while investments outside the SEZ accounted for 73%. Meanwhile, in 2022, local investors had a total […]
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Over 20,000 Firms Register Through MEF Single Portal System as of 2022
As of early January 2023, 20,809 companies registered their businesses with the Ministry of Economy and Finance Single Portal online system with a total investment capital of US$5.83 billion, according to an announcement by the ministry on 9 January. There were also 13,068 companies on the waiting list, the report added. The five business activities […]
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MLMUPC Earns US$90 Million in Revenue in 2022
In 2022, the Ministry of Land Management, Urban Planning and Construction (MLMUPC) collected a total of approximately KHR367 billion (US$90 million) in revenue, a decrease of 22.26% compared to 2021, according to the ministry’s latest report, Within this total, the revenue from the Central Administration was around KHR8 billion while over KHR358 billion was from […]
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Gov’t Approves 3,827 Construction Projects in 2022 Worth US$2.6bn
In 2022, the Cambodian government approved a total of 3,827 construction projects nationwide or equivalent to over 6.5 million square metres, according to a report by the Ministry of Land Management, Urban Planning and Construction on 27 December. Compared to the same period in 2021, the number of projects in 2022 decreased by 98 projects. […]
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ADB, AFD provide over US$380m to develop six major sectors in Cambodia
The Asian Development Bank (ADB) and the French Agency for Development (AFD) have officially provided US$381.45 million in financing to Cambodia to develop six key sectors. The agreement was signed between the two partners and the Ministry of Economy and Finance on 22 December. The funding for the development of 6 projects and programs includes: […]
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World Bank Provides US$274m in Loans to Revive Cambodia’s Economy
The World Bank (WB) has provided an additional US$274 million in loans to help the Cambodian economy recover from the recent crisis, according to a press release from the World Bank on 20 December. The loan is provided by the International Development Association (IDA), a World Bank fund to help poor countries, with an additional […]
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ASEAN needs US$2 trillion for regional infrastructure connectivity
The ASEAN Community needs at least US$2 trillion in investment from now until 2030 to connect infrastructure in the region. The statement was emphasized by Cambodian Prime Minister Samdech Hun Sen during the ASEAN-EU Anniversary Summit on 14 December. PM Hun Sen stressed that it is important to promote a strong synthesis between the Master […]
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