Korea grants US$ 10 million to develop 30 villages in northwestern Cambodia
The Government of Korea, through the Korea International Cooperation Agency (KOICA), has allocated US$10 million to support the development of 30 villages in Battambang, Banteay Meanchey, and Pailin provinces over five years, from 2022 to 2026. The project, known as the “Peace Village Building Project through Diversified Rural Community Development (VDP)”, aims to improve the […]
In the first half of 2020, Cambodia sold more than 60 million USD in state securities
In the first half of 2024, the Government of Cambodia issued 6 times of public securities equal to 255.3 billion Riels or about US$63 million to finance public investment projects to promote economic growth and productivity. This is according to the report of the National Bank of Cambodia. The same source said that one-year government […]
The construction of the New National Assembly building (under Vietnam’s grant US$25m) was completed at 57%
The construction project for the new National Assembly building of Cambodia is valued at US$25 million and is being funded by Vietnam. As of now, the project is 57% completed. The committee overseeing the project, chaired by National Assembly President Khuon Sodary, recently met on the morning of July 31, 2024, to discuss its progress. […]
GDT announces the Property Tax Deadline is September 30, 2024
The General Department of Taxation (GDT) has issued a reminder to all property owners, emphasizing the importance of fulfilling their property tax and land tax obligations by September 30, 2024. The announcement, dated July 31, 2024, serves as a prompt for property owners who have yet to meet their tax declaration requirements. To ensure a […]
The number of manufacturing factories increased to 2,175, creating more than 1.1 million jobs
The Ministry of Industry, Science, Technology and Innovation has registered a total of 2,175 manufacturing factories as of the first half of 2024, up from 1997 recorded in the first half of last year. The registered factories employ about 1.1 million workers. The National Bank of Cambodia stated in a report issued last week that […]
Senate Approves Air Transport Law to Promote and Strengthen Aviation Development in Cambodia
The Cambodian Senate has fully approved the official draft law on international air transport, which is expected to promote the development of the Cambodian aviation sector. The approval was made during the extraordinary session of the Senate of the 5th legislature on July 31, 2024, under the chairmanship of Samdech Techo Hun Sen, President of […]