Investment and Funding
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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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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