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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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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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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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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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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Cambodia's exports to the European Union (EU) surged by 16.27% YoY in the first eight months of 2024, totaling $2.9 billion, with two-way trade reaching $3.5 billion. Spain and Germany are the largest trade partners, while key exports include textiles, footwear, and ...
26th September 2024
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The Royal Government of Cambodia and the Kyrgyz Republic have signed a memorandum of understanding (MoU) to enhance trade and investment ties between the two nations. The agreement was formalized by Sok Chenda Sophea, Deputy Prime Minister and Minister ...
25th September 2024
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Cambodia's diesel fuel and petroleum oil imports reached $1.66 billion in the first eight months of this year, marking an 18% increase compared to the same period last year, according to data from the General Department of Customs and Excise released on Sunday. Diesel fuel imports ...
23rd September 2024
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Cambodia has announced a new monthly minimum wage of $208 for workers in the garment, footwear, and travel goods sectors, which employ nearly 1 million people. This represents a 1.96% increase from the current $204 and will take effect on January 1, 2025. The decision came after discussions ...
20th September 2024
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At the 2024 Tax Forum in Phnom Penh, General Department of Taxation (GDT) Director General Kong Vibol announced that businesses holding gold certificates, earned through high tax compliance and strong internal audits, will receive specialized auditing services from an elite unit. Vibol highlighted GDT's modernization efforts, including ...
19th September 2024
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