Economy & Industry

Chilli exports up 95% in first five months

Cambodia's fresh chilli export saw a dramatic rise during the first five months of this year, according to the statistics shared recently by Minister of Agriculture, Forestry and Fisheries Veng Sakhon. From January to May 2021, 56,507 tonnes of fresh chillies have been exported...

04th June 2021

Economy & Industry

Mango exports reach nearly 157,000 tonnes in first five months

Cambodia exported in total 156,7234 tonnes of fresh mangoes to international markets during the first five months of this year, according to MAFF. It is a jump by 255% compared to the same period last year, MAFF....

03rd June 2021

Economy & Industry

Cambodia introduces e-commerce tax

Cambodia will require tech companies without a physical presence in the country to pay a 10% value-added tax (VAT) on their sales of digital goods and services, making it the latest country in Southeast Asia to levy charges on recognizable firms like Google, Facebook, Netflix, and AliExpress...

02nd June 2021

Economy & Industry

Crude palm oil exports up 36% YoY in first five months

Cambodia's exports of crude palm oil reached 19,916 tonnes in the first five months of 2021, an increase of 36% compared to the same period last year, according to data from the Ministry of Agriculture, Forestry, and Fisheries. Favorable weather has been cited as the key factor for the increase in domestic production of palm oil, while the world's largest producers...

27th May 2021

Economy & Industry

Cambodia and S. Korea begin second round of negotiations on FTA

Cambodia and South Korea began on Monday the second round of negotiations on a Free Trade Agreement (FTA) that was held via video conference. Ministry of Commerce (MOC) spokesman Seang Thay said that the talks would mainly address the scope of goods that can enjoy preferential access ....

02nd September 2020

Economy & Industry

Capital gain tax to come into effect from Jan 2021

The Cambodian government will start implementing capital gains tax collection from January 1 next year, according to the General Department of Taxation (GDT). The capital gains tax will apply to all properities and other capital investments such as leasing, stocks as well as foreign currency, applying to any profits made by transactions within these areas. ...

28th August 2020

Economy & Industry

Cambodia on track to reach IDP goal by 2025

Cambodia is on track to reach its industrial development policy (IDP) goal by 2025, according to a report. In 2015, the Cambodian government introduced a 10-year IDP 2015-2025, aiming to increase the share in the industrial sector to 30% of the GDP by 2025...

26th August 2020

Economy & Industry

Kingdom exports 1.3bn worth of jewellery and gem in 1H20

Cambodia exported a total of $1.3bn worth of jewellery and precious stones to the international market in the first six months of 2020, a remarkable increase from just over $415mn last year, according to the General Department of Customs and Excise (GDCE)...

25th August 2020

Economy & Industry

Siem Reap hotels report increase in bookings during upcoming holiday

Hotels in Siem Reap report more than 90% occupancy rates for the upcoming Khmer New Year replacement holiday. There has been change in tourism businesses in the province as hotels drop room rates, while restaurants and bars offer a more Khmer-friendly atmosphere with live bands, karaoke and local foods...

11th August 2020

Economy & Industry

Cambodia-US bilateral trade reaches $2.8bn in 1H20

The bilateral trade reaches $2.8bn in the first half of 2020, recording a 15.8% increase compared to the same period last year, according to figures from the US Statistics Bureau. Cambodia exported $2.75bn worth of goods to the world's largest economy, a 23% increase YoY. Lim Heng, vice president of Cambodia Chamber of Commerce, said ...

07th August 2020