Diesel and LPG supply exempted from 10% VAT by Ministry of Economy and Finance

Diesel and LPG supply exempted from 10% VAT by Ministry of Economy and Finance The Ministry of Economy and Finance (MEF) of Cambodia announced a decision to eliminate the 10% value-added tax (VAT) on diesel and liquefied petroleum gas (LPG) starting April 1, 2026, to alleviate the financial burden of rising fuel costs on households and businesses. The government will undertake the VAT expenses, ensuring compliance with existing tax regulations. Specific invoicing and reporting measures for enterprises importing and distributing these products have been outlined, requiring them to issue VAT invoices without charging VAT, thereby providing lower consumer prices while maintaining transparency in the VAT support mechanism. (Source: Khmer Times)

ASEAN+3 Macroeconomic Research Office forecasts 4.9% growth for Cambodia, exceeding ASEAN average Cambodia's economic outlook is cautiously optimistic, with a projected growth rate of 4.9% in 2026, surpassing the ASEAN average of 4.6%. This forecast comes amid global uncertainties, highlighted during the ASEAN+3 Regional Economic Outlook conference. AMRO officials noted the resilience of the region despite geopolitical tensions and economic disruptions, emphasizing the need for regional cooperation. Key concerns for Cambodia include managing external risks, particularly energy security, as it is a net fuel importer. Effective policy measures are crucial to maintaining stability and fostering growth in the face of rising energy prices and trade disruptions. (Source: Khmer Times)

Ministry of Rural Development and Oriental Bank explore banking and investment collaboration The Ministry of Rural Development (MRD) of Cambodia and Oriental Bank convened to enhance rural economic diversification and model village development. Minister Chhay Rithisen and Oriental Bank's Datuk Phan Ying Tong discussed cooperative investment strategies to advance rural initiatives. Rithisen highlighted Cambodia's development goals under Prime Minister Hun Manet's leadership and the National Policy on Rural Development 2025-2035, which aims for a prosperous, inclusive, and sustainable rural society. He encouraged private sector investments to aid these efforts. Ying Tong expressed Oriental Bank's willingness to collaborate with MRD on joint initiatives for rural community development. (Source: Khmer Times)