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Economy

Cambodia in strong position for more foreign investment says Hun Sen at Davos

Prime Minister Hun Sen has told international investors at the 2022 Davos World Economic Forum that Cambodia is in a strong position for more foreign investment highlighting the country's key strengths including COVID recovery, free trade agreements and infrastructure development.

Worldbridge Group hosts first-ever ‘Cambodia Night’ at Davos World Economic Forum

This year’s forum marked the first time a Cambodian company has become a WEF member at the Associate Partner level which brings together over 2,500 global leaders.

Offering international standards key for Cambodia’s trade in services under RCEP

The Economic Research Institute for ASEAN and Australian Aid hosted a panel discussion on how Cambodia’s private sector can best utilize the recently ratified Regional Comprehensive Economic Partnership for its growing international trade in services sector.

High-level dialogue on private and public sector de-mining action held in Siem Reap

Models suggested included Private-Public Partnerships (PPP), where land could potentially be privatized and leased out, with the contracting party being the ones needing to pay for the de-mining.

NBC forecasts Cambodia’s inflation rate to rise to 4% in 2022

The National Bank of Cambodia has forecast the country’s annual inflation rate will increase to 4% year-on-year in 2022, as demand post COVID increases and supply chains are squeezed due to logistics and geopolitical crises.

Tax experts clarify Cambodia’s VAT requirements for international e-commerce transactions

The first round of VAT collection on e-commerce transactions in Cambodia is just around the corner, with VAT registered non-resident companies and affected medium and large self-assessment taxpayers required to e-file their VAT declarations by the 25th of this month.

AmCham assists Prey Veng to become second mine-free province in Cambodia

The final effort to clear the last two remaining fields in Prey Veng province had cost around $10,000, largely provided by AmCham and its members. 

USAID Cambodia Harvest II Project ends with over 2,500 jobs created

A five-year agriculture project implemented by USAID held its closing ceremony capping a $21.2 million project that created millions of dollars of profits for buyers and suppliers and created over 2,500 jobs in the industry.

Sustainable trade organization to host workers-safety forum in Phnom Penh

IDH the Sustainable Trade Initiative is organizing a public launch of its Life and Building Safety (LABS) initiative on May 18 in Phnom Penh at Raffles Hotel. IDH brings together over 600 companies and governments to drive new sustainable production and trade models in emerging economies.

‘Speak Up’ campaign says factories must invest more in safe transport for workers

The plan will initially focus on 30 target factories along main and national roads, primarily in Phnom Penh, Kandal, and Kampong Speu and other high-risk provinces. A 2016 study of 233 factories found 7,619 days were lost due to traffic accidents over 12 months.