In a propitious combination of political stability, geography, infrastructure and a booming young workforce, Kampong Speu province is swiftly transforming into a potential investment hub, provincial governor Vei Samnang told The Post on Wednesday.
The number of companies initiating the registration process on the government’s newly-launched business E-Registration Platform has skyrocketed to 1,687, taking full advantage of the reduced red tape and shorter timeframe.
Cambodia and South Korea will begin first-round negotiations on a bilateral free trade agreement (FTA) on Thursday, another step toward diversifying the Kingdom’s exports following the recent completion of FTA talks with China.
When the Cambodia-China Bilateral Free Trade Agreement (FTA) comes into effect, at least 340 of the Kingdom’s commodities will be exempt from tariffs, Ministry of Commerce secretary of state Sok Sopheak said on Tuesday.
The Ministry of Commerce officially approved a strategy to implement the country’s E-Commerce Law, paving the way for the promotion of a digital business model in line with the government’s goal of leapfrogging into the fourth industrial revolution, or digital economy.
The private sector has requested through the General Department of Customs and Excise eight challenge points to the government, to ease the burden on exports imports during the Covid-19 outbreak.
Cambodia and China wrapped up free trade agreement (FTA) talks on Monday, the Ministry of Commerce said.
A favourable geographical location has prompted a steady rise in investors and enterprises setting up base in Kampong Speu province, its governor Vei Samnang said on Monday.
Countries around the world are slowly lifting Covid-19 lockdowns and cautiously reopening their economies to varying degrees in a bid to contain the fallout of the pandemic. Aiming for a gradual return to normal life and a rebound in economic activity, the Cambodian government recently issued a proclamation allowing the reopening of shops, restaurants, schools and casinos, requiring businesses to maintain high hygiene and safety standards for their customers. Royal Academy of Cambodia economics researcher Hong Vanak sat down with The Post’s May Kunmakara to talk about the financial repercussions of Covid-19 and the economic recovery game plan laid out by the government in response.
The Covid-19 pandemic has harmed several key economic sectors in the Kingdom since the outbreak earlier this year.