English 
ខ្មែរ Economy and Finance
Cambodia drops six places on Doing Business 2020, though construction improves
- 30 October 2019
Cambodia has dropped six places in the World Bank’s ranking on Doing Business 2020, yet the country has made improvements in dealing with construction permits, getting electricity, and resolving insolvency among the 10 topics studied. The recently published Doing Business 2020 shows that Cambodia ranks 144 out of the 190 rankings, reflecting a drop of 6 places compared to the ranking in 2019 wher...
Read More
Government approves US$22 million for Special Economic Zone projects
- 18 October 2019
The Council for the Development of Cambodia (CDC) announced on its Facebook page on 16 October of its approval of several projects, including four projects related to the construction industry, with investment capital worth more than US$22 million and creating 1958 jobs in the Sihanoukville Special Economic Zone (SEZ). One project is a furniture factory for FPZ Furniture (Cambodia) Co., Ltd, us...
Read More
Construction boom causes competition in home loan interest rates
- 17 October 2019
Recent figures from Ministry of Land Management Urban Planning and Construction indicate that the number of house construction projects has increased from 3,052 worth US$6.4 billion in 2017 to 43,136 worth more than $43,3 billion in 2018. As a result, the competitiveness of home loan interest rates has begun to attract more customers while most individual banks now offer mortgage policies. For ...
Read More
US$6.4 billion invested into construction sector
- 17 October 2019
The construction sector in Cambodia continues to grow according to a report by the Ministry of Land Management Urban Planning and Construction (MLMUPC) which shows an increase in investment of more than 34% year-on-year to more than US$6 billion. The recently released data reveals that between January -September this year, the ministry approved 3,433 construction projects valued at more than US...
Read More
New Sihanoukville special economic zone proposed
- 8 October 2019
Two companies have proposed 1,600 hectares of land in Sihanoukville province to be developed into a special economic zone through land reclassification, according to the provincial administration. On 07 October, Sihanoukville provincial governor H.E Kouch Chamroeun held a meeting to discuss the proposal with the Stung Hav district governor and other officials from relevant departments. The t...
Read More
Real estate transactions in Cambodia remain strong
- 1 October 2019
Real estate transactions in Cambodia remaining strong is best reflected by the sharp rise in property tax, according to industry expert Sorn Seap. The General Department of Taxation (GDT) has recently collected US$1,952 million in tax revenue, of which the tax on stamp duty increased by 60.18% compared to the same period last year. (Read More) Mr Sorn Seap, founder of real estate firm Key Re...
Read More
Shift in Chinese manufacturing drives Vietnam industrial rent rises
- 25 September 2019
The US-China trade dispute is fuelling an exodus of Chinese manufacturing to SE Asian nations with Vietnam directly benefiting. According to a new report from real estate analysts JLL Vietnam, strong demand for industrial space saw rental price rises in Q2 2019 by up to 15.8% year-on-year with average occupancy in South Vietnam’s Southern Key Economic Zone hitting 81%. Land leasing costs in ...
Read More
Sihanouk International Airport to be able handle 10 million passengers
- 13 September 2019
Cambodia Airports will upgrade the capacity of Sihanouk Airport to be able to handle 10 million passengers per year through their master plan on expanding overall terminal building capacity. The master plan for terminal expansion was approved by the State Secretariat of Civil Aviation on Thursday in a meeting between H.E. Mao Havannall, Minister in charge of the SSCA and Alain Brun, the newly-a...
Read More
Collection of stamp duty on property transfers increases by 60%
- 13 September 2019
The General Department of Taxation has collected almost US$2 billion in tax revenue over an eight-month period with stamp duty on property transfers seeing the sharpest increase. According to a GDT press release dated 12 September, the department collected US$1,952 million, achieving about 85.33% of the national plan. This shows an increase of about 29.89% compared to the US$449 million collect...
Read More
Cambodia inks deal with Laos on the 2900-megawatt power purchase
- 12 September 2019
The Cambodian government has inked a deal with the Laos government to purchase a total of 2,900 megawatts of power to fulfil the current shortage of electricity as well as to reduce the cost of electricity in the future. Signed by Cambodian Prime Minister Hun Sen and Laos Prime Minister Thongloun Sisoulith, the agreement includes 1) importing 500-megawatts of hydropower, 2) purchasing 600-megaw...
Read More