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In an exciting development for the agricultural industry in Cambodia, the Ministry of Commerce and CP Cambodia have signed a Memorandum of Understanding (MoU) to strengthen trade in meat and meat products and enhance food safety. The signing ceremony, held at the Ministry of Commerce, marks a significant collaboration between the government and the private…
Prime Minister Hun Manet of Cambodia met with Phan Duc Tu, Chairman of the Board of Directors of the Bank for Investment and Development of Viet Nam (BIDV), during a courtesy call in Hanoi, Viet Nam. The meeting provided an opportunity for the BIDV delegation to discuss their business activities in Cambodia and express their…
In the vibrant landscape of Cambodia’s economic development, Small and Medium Enterprises (SMEs) stand as the unsung heroes, driving progress and catalyzing change. With a formidable presence, SMEs play a pivotal role in shaping the nation’s destiny. Representing 70% of employment and contributing 58% to GDP, their impact is undeniable, and the Cambodian government’s unwavering…
11th December 2023 Phnom Penh On 11th December 2023, Khmer Enterprise and Prestige Consulting organized a Demo Day under the SprintX Accelerator program. The event was presided over by H.E. Dr. Chhieng Vanmunin, Chief Executive Officer of Khmer Enterprise, and attended by more than 100 members composed of investors, field experts, leaders of corporations and…
The British government has signed a Memorandum of Understanding (MoU) with Cambodia to support the country’s infrastructure development. The MoU was signed between the Ministry of Economy and Finance (MEF) and the British Ambassador to Cambodia, Dominic Williams. Under the agreement, the UK will provide technical support, promote investment opportunities, and mobilize private sector resources…
Cambodia’s export sector has showcased resilience and growth, reaching an impressive milestone of over $20.49 billion in the January-November period this year, marking a commendable 1.2 percent increase compared to the same period last year, as per a report from the General Department of Customs and Excise. Highlighting the nation’s global reach, the United States…
Cambodia and France have embarked on negotiations for a Double Taxation Agreement (DTA) aimed at boosting business and investment flows between the two nations. The first round of talks was chaired by Bun Neary, deputy director-general of the General Department of Taxation (GDT), and led by Florian De Filippo, head of the International Trade Rules…
The Ministry of Commerce is set to organize the highly anticipated 16th Cambodian Products & Import-Export Goods Exhibition from December 15–18, 2023. This annual event will take place at the esteemed Koh Pich Convention and Exhibition Centre, serving as a platform to promote trade and investment activities in Cambodia while fostering stronger trade ties with…
Despite facing challenges in the consumer electronics market, Cambodia is poised to benefit from the growth trend projected in the sector globally. According to Statista, the revenue in the consumer electronics market is expected to hit US$883.7m in 2023, with a Compound Annual Growth Rate (CAGR) of 3.15% between 2023 and 2028. The market’s largest…
The 10th World Cashew Conference is set to be a groundbreaking event, attracting over 500 industry insiders from across the globe to convene in Cambodia’s Siem Reap province from February 1-3. The Cashew Nut Association of Cambodia (CAC) proudly announced this significant gathering during a press and study visit on November 29, organized by the…
The new international airport in Phnom Penh, named Techo International Airport, is inching closer towards completion as the construction process has reached 55% completion as of November, according to the State Secretariat of Civil Aviation (SSCA). The airport, which is a joint venture between the Royal Government of Cambodia and the Overseas Cambodia Investment Corporation…
The Council for the Development of Cambodia (CDC) has recently granted licenses to 13 new investment projects, showcasing the country’s commitment to economic growth and development. These projects have a total investment of over $130 million and are expected to create numerous job opportunities. One of the notable projects is Justmarvelous Co., Ltd., which aims…
Investing in the stock market is not only reserved for the wealthy and experienced investors but is, in fact, a wise financial decision that every younger generation should consider. The stock market offers a promising opportunity to build wealth and gain financial independence over time. While investing in the stock market may seem unfamiliar or…
