Business and Market
Customs Revenue at US$2.6bn in 2022; 5.9% Earned From Construction Sector
In 2022, the General Department of Customs and Excise of Cambodia collected 10,998.9 billion Riels or about US$2.6 billion, an increase of 18.3% compared to 2021, according to the announcement of the General Department on 3 February. Revenue includes a value-added tax of 4,169.8 billion riels (37.9% of total revenue), a special tax of 4,151.6 billion […]
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Gov’t to Set Up Five More Business Centres in China Similar to One in Japan
The Ministry of Commerce plans to establish five more Cambodian private business centres in China, with one such centre operational in Japan, according to the Ministry of Commerce on 31 January. The establishment of these five centres is to further promote the sale of Cambodian products in the Chinese market. The five centres will be […]
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Cambodia Imports Construction Materials Worth US$1.3bn in 2022
Cambodia imported construction materials valued at over US$1.3 billion in 2022, according to an official report published recently. Imports of steel was valued at US$447 million, while cement was at US$25 million. The report added that Cambodia imported major goods worth a total of US$29.943 million, an increase of 4% compared to 2021. (Read more) In […]
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Cambodia-International Trade Valued at Over US$52bn in 2022
Cambodia-international trade volume reached approximately US$52.42 billion as of 2022, an 9.1% y-o-y increase, according to Minister of Commerce HE Pan Sorasak on 30 January. Cambodia’s export volume was at US$22.48 billion, a 6% y-o-y increase while import volume was at US$29.94 billion, also an increase of 4%. Meanwhile, the import value of construction materials, […]
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Ministry of Commerce Registers Over 10,000 New Businesses in 2022
10,701 new businesses were registered at the Ministry of Commerce in 2022, up 40% from 2021, according to a report from the ministry released on Monday 30 January. There were 888 companies removed from the business list last year, an increase of 34% compared to 643 companies in 2021, read the report. There were more […]
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KOTRA Pledges to Attract More Korean Investors to Cambodia
The Korea Trade and Investment Agency (KOTRA) has promised to attract more Korean investors to Cambodia, as more than 200 companies are currently investing in Cambodia, according to a discussion between Minister of Commerce HE Pan Sorasak and KOTRA on 27January 2023. During the meeting, the minister confirmed with the Korean side that the entry […]
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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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Malaysia pledges to bring more investors & tourists to Cambodia
Malaysian Ambassador to Cambodia Datuk Eldeen Husaini Mohd Hashim has promised to bring more investors and tourists into Cambodia, especially Sihanoukville. Datuk Eldeen Husaini Mohd Hashim said that during the meeting with the Sihanoukville Provincial Administration top official recently Mr Mang Sineth, Deputy Governor of Preah Sihanouk Province, said that Sihanoukville has many natural resources […]
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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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Chinese display maker BOE to invest US$400m to build two factories in Vietnam
Chinese display maker BOE Technology Group Co Ltd, a supplier of both Apple Inc and Samsung Electronics Co Ltd, plans to invest up to US$400 million to build two factories in Vietnam. According to Reuters, BOE is in talks to rent dozens of hectares of land in north Vietnam to add to its relatively small […]
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