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ខ្មែរ Business and Market
Bentley Systems Launches iTwin Experience, iTwin Capture, & iTwin IoT to Extend iTwin
- 11 February 2023
At the 2022 Year in Infrastructure Conference on 15 November, Bentley Systems announced new capabilities of its iTwin Platform, significantly extending the scope and interoperability of infrastructure data that engineering firms and owner-operators can use to create and leverage digital twins in design, construction, and operations workflows. The new iTwin Platform capabilities will power Bentl...
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PM Hun Sen Announces Masterplan for New Economic Pole in Northwest Provinces
- 10 February 2023
Cambodia Prime Minister Samdech Hun Sen has announced a master plan to establish a new economic pole based on "fish and rice" potential in Cambodia’s north western provinces. The announcement of a project to establish a "fish and rice economic pole" is in response to the Chinese president's investment interest in agricultural and hydrological development in the Tonle Sap Lake area. Chines...
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Businesses Registered Via Single Portal Increases by 800 Companies Within a Month
- 8 February 2023
As of February 2023, 21,609 companies and enterprises were registered in the government's single portal, an increase of almost 800 companies compared to the previous month. The amount of capital registered was at US$6.15 billion, an increase of US$ .32 billion compared to the last month. (Read more) A report by the Ministry of Economy and Finance showed that there were over 13,000 companie...
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Gov’t Urges Hungary to Invest More in Cambodia as Bilateral Trade Up 84% Y-o-Y
- 6 February 2023
Cambodia has asked Hungarian investors to study and explore more trade and investment opportunities in Cambodia, as the two countries' trade volume has increased significantly, reaching more than US$7 million in 2022. This is according to the meeting between Secretary of State of the Ministry of Commerce HE Tek Reth and new Ambassador of Hungary to the Kingdom of Cambodia HE Dr Tibor Balogdhi ...
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Customs Revenue at US$2.6bn in 2022; 5.9% Earned From Construction Sector
- 4 February 2023
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 riels (37.7% of total revenue), and customs...
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Gov’t to Set Up Five More Business Centres in China Similar to One in Japan
- 2 February 2023
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 in Changchun, Harbin, Nanjing, Taiyuan and Zhengzhou, Ch...
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Cambodia Imports Construction Materials Worth US$1.3bn in 2022
- 31 January 2023
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 2022, Cambodia exported major goods ...
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Cambodia-International Trade Valued at Over US$52bn in 2022
- 31 January 2023
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, steel and cement saw a ...
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Ministry of Commerce Registers Over 10,000 New Businesses in 2022
- 31 January 2023
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 than 6,200 companies applying for licenses electronically, the ministry ...
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KOTRA Pledges to Attract More Korean Investors to Cambodia
- 30 January 2023
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 into force of the Cambodia-Korea Free Trade Agree...
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