Mutual development of e-commerce and cross-border trading processes are themes consistent in both the Royal Government of Cambodia’s Rectangular Strategy and the World Trade Organization’s Trade Facilitation Agreement. Competent infrastructure in this area is crucial to the Kingdom’s continued economic ascent, with SME demand for imports and exports growing rapidly en masse. Speed and user […]
Read MoreAsia Pacific region is expected to be the largest market for e-bikes in the coming years, says Research And Markets 2021 report. The global e-bikes market is predicted to reach a value of $79.7 billion by 2026, almost double of what it is today. So why is it that these clean and efficient vehicles, which […]
Read MoreMinister of Economy and Finance Aun Pornmoniroth has pegged Cambodia’s economic growth at 5.6 per cent for 2022, reflecting national progress towards herd immunity against Covid-19, underpinned by vaccination rates that rank among the best globally and that have motivated the government to allow the full restoration of socio-economic activity. Speaking at the inauguration ceremony […]
Read MoreThe General Department of Taxation (GDT) has said it will work with 49 businesses that provide online services in Cambodia to promote the implementation of value-added tax (VAT) on e-commerce transactions, in a move that responds to the recent boom in the online market. The GDT said in a February 8 press release that the […]
Read MoreCross-border trade in 2021 between Thailand and Cambodia expanded by 16.63 percent to 144.9 billion bhat last year, am amazing achievement despite the borders being closed significantly last year. Overall, Thailand’s cross border trade grew 30 per cent compared to the previous year, the Commerce Ministry reported last week, while setting a target of 5-7 […]
Read MorePrior to the Covid-19 pandemic, Cambodia was a world leader in economic growth and poverty reduction. It sustained an average growth rate of 7.7% between 1995 and 2019, raising its per capita income from $323 in 1995 to $1,621 in 2019, and graduated to a lower-middle-income economy in 2015. The poverty rate fell from 47.8% in 2007 […]
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