The Ministry of Economy and Finance (MEF) has urged taxpayers to use a KHR bank account for VAT refunds to promote the use of the national currency. To speed up the VAT refund process, large- and medium-scale taxpayers, including foreign embassies, consulates, international ...
09th January 2025
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Preah Sihanouk province is emerging as a key industrial and tourism hub in Cambodia, attracting significant investments and creating thousands of jobs. In 2024, the province hosted 270 factories, generating $2.8 billion in investment and over 100,000 jobs. Infrastructure development, ...
08th January 2025
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Starting in 2025, Cambodia will prioritize factories producing goods for export in applying for Renewable Energy Certificates (RECs) from Electricite du Cambodge (EDC). This initiative aims to enhance market access, especially in the US and EU, by verifying clean energy usage. Cambodia ...
02nd January 2025
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In the first 11 months of 2024, new business registrations in Cambodia dropped by 17% YoY, totaling 9,530, while business closures surged by nearly 33% YoY. The decline was most pronounced among private enterprises and foreign commercial companies, though ...
26th December 2024
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In the first eleven months of 2024, exports from Cambodia's Special Economic Zones (SEZs) reached an impressive $5.4 billion. This figure highlights the significant role that SEZs play in the country's economic development and export growth. The SEZs have become ...
25th December 2024
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The United Nations has officially confirmed that Cambodia will graduate from the Least Developed Country (LDC) category. Alongside Cambodia, Senegal is also set to graduate from the LDC category on the same date. Both countries have been granted an extended preparatory period of five years, instead of the standard three years, to ...
24th December 2024
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In the first 11 months of 2024, Cambodia's expenditure on oil imports reached a substantial $2.18 billion, marking an 11.3% increase compared to the previous year. This significant rise in imports underscores the country's heavy reliance on imported oil, as its own oil ...
23rd December 2024
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The Cambodian government has set a revenue target of 29.05 trillion riel ($7.26 billion) for 2025, marking a 2.84% decrease from the previous year's target. The 2025 Budget Law, signed by King Norodom Sihamoni, outlines plans to collect revenue through taxes and ...
20th December 2024
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Cambodia's GDP is projected to grow by 5.5% in both 2025 and 2026, supported by recovering domestic demand despite challenges such as weak credit growth and elevated household debt. The World Bank emphasizes the importance of trade diversification, productivity improvements, and enhanced ...
19th December 2024
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Cambodia has signed concessional loan and grant agreements with the Asian Development Bank (ADB) for five key development programs, totaling $403 million in investments for 2024. These agreements aim to enhance education, water management, trade, and gender-based violence prevention, with a ...
18th December 2024
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