Prime Minister Hun Sen lauded the General Department of Taxation (GDT) for its efforts in collecting tax revenue that exceeded the budget plan in 2022, adding that the increased tax revenue contributed to the national economic development. The Prime Minister made the remarks during his message to GDT general director Kong Vibol. According to a […]
Read MoreThe Cambodia Rice Federation has set an ambitious goal to export at least a million tons of milled rice by 2025, an over 50 percent increase compared to the export figure in 2022. By 2023, Cambodia is looking to reach milled rice exports of 750,000 tons, an 18 percent increase compared to exports of 637,004 […]
Read MoreWith the two-wheeler segment of the automotive sector logging rapid growth in Cambodia in recent years, the government has decided to focus on increasing backward linkages for locally assembled motorcycles to increase localisation and create job opportunities. Revenue in the motorcycles market is projected to be $150.90 million this year and is expected to expand […]
Read MoreThe government’s strategic measures and reforms helped Cambodia register remarkable export growth, the Ministry of Commerce said yesterday. Cambodia’s foreign international trade amounted to $52.4 billion in 2022, up 9.1 percent over a year earlier, the ministry’s report showed, adding that the Kingdom’s export rose by 16 percent to $22.4 billion. Exports grew significantly in […]
Read MoreA total of 10,701 new businesses were registered with the Ministry of Commerce, up 39.4 per cent from 7,677 in 2021. The ministry dissolved 888 businesses last year, marking a 38 per cent increase from 643 in 2021. The ministry also made 6,275 business registration electronically last year. At the opening of the ministry’s annual […]
Read MoreThe tax-to-GDP ratio in Cambodia registered an 80 percent growth, from 10 percent of the GDP in 2009 to 18 percent in 2020, the highest rise among the eight countries of the Southeast Asia region featured in a study by the CamEd Business School, recently, reigniting debates about whether the rising level of taxation is […]
Read More
Thailand
