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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…
According to a recent report by the General Department of Customs and Excise, Cambodia’s export turnover reached nearly $20.5 billion in the first 11 months of 2023, marking a slight increase of 1.2% compared to the previous year. The United States, Vietnam, China, Thailand, and Japan emerged as Cambodia’s top five export markets during this…
The General Department of Taxation (GDT) has set a target of $4.162 billion in tax revenue for 2024, representing a 20 percent increase from the current year’s target. Kong Vibol, Minister Attached to the Prime Minister and Delegate of the Royal Government In-Charge as Director-General of the GDT, revealed this at the AmCham’s Tax Forum…
Phnom Penh, December 15 – Cambodian Prime Minister Hun Manet, accompanied by a high-level delegation, has left Phnom Penh to attend the ASEAN-Japan Commemorative Summit. This significant event marks the 50th Year of ASEAN-Japan Friendship and Cooperation. The invitation to the Summit was extended by the Prime Minister of Japan, Kishida Fumio. The Summit will…
In a vibrant celebration of literature and knowledge, the 10th National Book Fair kicked off with great excitement at the Koh Pich Exhibition and Convention Center in Cambodia. The four-day event, boasting around 300 booths and showcasing a remarkable collection of over 100,000 books, has already become a focal point for book enthusiasts, writers, and…
In a significant diplomatic event, the Secretary-General of ASEAN, Dr. Kao Kim Hourn, graced the ASEAN-Canada Strategic Partnership Reception held in Jakarta. Hosted by the Ambassador of Canada to ASEAN, Vicky Singmin, the event brought together key figures in the region to commemorate the strengthening ties between ASEAN and Canada. A highlight of the reception…
Cambodia is looking to transform family farming into a strategic production for export in an effort to boost its economy. During a recent meeting with the Chairman of Truong Hai Group Corporation (THACO), Prime Minister Hun Manet announced the government’s goal to welcome both local and foreign investment to further support agriculture and agricultural exports…
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…
Since its launch on November 14, nearly 90,000 self-employed individuals have registered as members of the National Social Security Fund (NSSF) to receive healthcare coverage, according to Heng Sophannarith, the deputy head of the NSSF. The NSSF and the Ministry of Labour and Vocational Training have actively encouraged self-employed individuals, including vendors, tuk-tuk drivers, motodups,…
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…
