Market Update

Cambodia strengthens power infrastructure to meet growing energy demands

Cambodia is accelerating the development of its power infrastructure to meet increasing energy demands and ensure a stable electricity supply, with a focus on clean energy sources. The government aims for 70% of electricity to come from renewable energy ...

18th October 2024

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Market Update

Government introduces tax break to boost Siem Reap tourism businesses

The Cambodian government has announced a tax exemption for tourism-related businesses in Siem Reap, effective until June 2025, to aid the recovery of the sector hit hard by the pandemic. This initiative, aimed at attracting more visitors to the province, will ...

17th October 2024

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Market Update

Ant International and NBC launch cross-border QR payment system

Ant International and The National Bank of Cambodia (NBC) have launched a cross-border QR payment system, connecting Cambodia with nine countries and regions including China, Singapore, Malaysia, Korea, Thailand, Vietnam, Laos, Philippines and ...

16th October 2024

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Market Update

Cambodia and Thailand discuss establishing special economic zones

Cambodia and Thailand have held discussions on setting up special economic zones (SEZs) to enhance economic cooperation, tourism, and people-to-people connections. The talks took place during a meeting between Cambodian Prime Minister Hun Manet and Thai Prime Minister Paetongtarn Shinawatra on the sidelines of the ASEAN Summits ...

11th October 2024

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Market Update

Cambodia and Laos strengthen bilateral trade and investment ties

Cambodia and Laos are advancing bilateral cooperation in key sectors such as trade, tourism, energy, finance, and infrastructure. During discussions at the ASEAN Summits in Vientiane, Prime Ministers Hun Manet and Sonexay Siphandone focused ...

10th October 2024

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Market Update

Release of a comprehensive guide to business and investment opportunities in Siem Reap

Siem Reap, renowned for its ancient temples, is now being promoted as an emerging economic hub through the newly released Guide to Doing Business and Investing in Siem Reap. Launched by Senior Minister Sok Siphana, the guide highlights the province's untapped potential in sectors ...

09th October 2024

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Market Update

Ministry of Commerce negotiates trade preferences ahead of Cambodia's LDC graduation

The Ministry of Commerce (MoC) is negotiating with key trading partners to secure trade preferences as Cambodia prepares to graduate from its Least Developed Country (LDC) status by 2029. These negotiations aim to ensure stable export markets ...

08th October 2024

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Market Update

Government lowers electricity tariff for rice millers to boost exports

The Cambodian government has decided to reduce electricity tariffs for rice millers and silos, aiming to enhance competitiveness and boost rice exports. Keo Rattanak, Minister of Mines and Energy, announced the decision during a lecture on Cambodia's energy policy ...

07th October 2024

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Market Update

Cambodia approves $5.79bn for 23 energy projects to boost clean power by 2030

Cambodia has approved 23 energy investment projects worth $5.79 billion to address power shortages and enhance energy security. The projects, planned for 2024-2029, include solar, wind, biomass, gas-fired, and hydropower plants, alongside energy storage facilities. With a combined capacity ...

30th September 2024

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Market Update

Chinese investors invited to explore Cambodia's attractive tax incentives

Cambodia's General Department of Taxation (GDT) has invited Chinese investors to explore the country's attractive tax incentives for eligible projects. At the China-Cambodia (Shenzhen) Trade and Business Forum, GDT Director-General Kong Vibol emphasized Cambodia's favorable ...

27th September 2024

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