The event, from Mar. 3 to 4, is co-organised by the Cambodia Chamber of Commerce (CCC) and ASEAN Business Advisory Council (ASEAN-BAC) Cambodia, in collaboration with international chambers of commerce and business associations in Cambodia and ASEAN.

Held under the theme “Transforming ASEAN: Innovation, Integration, and Industrial Evolution,” the Summit reflects ASEAN’s strong commitment to fostering innovation-driven growth and strengthening ASEAN’s collective competitiveness in the global economy.

Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of Cambodia, will preside over the official opening ceremony of the forum on Mar. 4 at the Sofitel Phnom Penh.

H.E. Kao Kim Hourn, Secretary-General of the Association of Southeast Asian Nations (ASEAN), will lead the ASEAN Secretariat’s delegation to attend the summit, according to an ASEAN statement issued earlier this week.

On the sidelines, H.E. Kao Kim Hourn is scheduled to hold bilateral meetings with a number of high-ranking officials from the Royal Government of Cambodia alongside his engagements with the business community, to reaffirm ASEAN’s commitment to regional economic cooperation and to advance ASEAN’s priorities with Cambodia and other ASEAN Member States that would include, but not limited to, forging closer cooperation and integration, enhancing more trade, investment, connectivity, tourism and inclusive growth.

The summit will also be attended by high-ranking dignitaries, ambassadors, representatives of relevant institutions, the ASEAN Business Advisory Council, major international companies in Cambodia and ASEAN, and experts across various sectors.

CCC stated that the summit will focus on ASEAN’s potential and the “Cambodia Strategy,” featuring discussions on key topics including enhancing potential for new transitions on clean energy, land management, and high-value manufacturing and harmonising customs, taxation, logistics, and financial ecosystems for business growth.

The discussions also include strengthening regional supply chains and tourism and skills for tomorrow; the evolution of technical and vocational education and training (TVET) in a modern world.

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According to the Indian Embassy in Phnom Penh, the delegation’s visit is aimed to explore collaborations in agro industries with particular focus on cashew sourcing from Cambodia, tie-ups for cashew processing, Buffalo Meat exports to Cambodia and opportunities for establishing value added industries in the rice sector.

The visit is facilitated by the Embassy of India with a view to further strengthen the bilateral trade relations with realising the potential of the synergies in the agro industries.

On Sept. 8, the Indian delegation had a productive meeting at the Ministry of Agriculture, Forestry and Fisheries. Both sides shared insights on respective strengths in agriculture sector as well as their priorities. They concurred that there exists a lot of synergies for cashew sourcing from Cambodia where the production is touching 1 million tonne annually. The two sides are also required to work together for the buffalo meat exports and to collaborate for the processing in the rice sector. It was agreed to work closely for mutual benefit.

In the afternoon, the Indian delegation held a B2B interaction with Cambodian businesses at Shangri-La Hotel, Phnom Penh with more than 100 participants joining from various associations including Cashew Nut Association of Cambodia, Cambodia Cashew Federation, Cambodia Livestock Raiser Association and Cambodia Rice Federation among others as well as individual businesses.

The B2B interaction provided an excellent opportunity for the businesses from the two sides to discuss potential tie-ups and business deals. The interaction facilitated sharing of potential opportunities and insights regarding import of raw cashew from Cambodia, export of Buffalo meat, warehousing services, logistics, port infrastructure, shipping lines among others.

The event was attended by H.E. Khim Finan, Under Secretary of State at the Ministry of Agriculture, Forests and Fisheries, H.E. Vanlalvawna Bawitlung, Ambassador of India to Cambodia, as well as representatives from the Ministry of Commerce and the Council for Development of Cambodia.

In his address, Ambassador Vanlalvawna highlighted the opportunities for trade and investments between India and Cambodia in agroindustry sector and encouraged the businesses from both sides to take advantage of the occasion and to increase business interactions. He also pointed out the recent reforms in Goods and Services Tax by the Government of India and invited Cambodian business leaders to utilise the opportunity.

For his part, H.E. Khim Finan underlined the business opportunities for collaboration between India and Cambodia in the agro sector especially in cashew, rice and spices. He also emphasised the importance of modern agricultural cooperatives for the livelihood of farmers in terms of new ideas, skill building and technology transfer.
On Sept. 9, the Indian delegates is making a field visit to Kampong Thom province organised by Cambodia Cashew Federation. The fieldtrip includes visit to Kampu Nut Cashew Processing factory at Taing Kork district, Santuk Agriculture Cooperative at Santuk district, Asia Cashew Alliance and Cashew Industrial Park in Kampong Svay district to understand about warehousing and drying yards and logistics.

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Specifically, regarding the impact of potential US import tariffs, particularly the US Reciprocal Tariffs policy, Dr. Aun Pornmoniroth emphasized the Royal Government of Cambodia’s proactive approach. As reported by AKP on Thursday, the government has been diligently monitoring the situation and has swiftly established a working group. This group is tasked with assessing the consequences of the US Reciprocal Tariffs policy and developing necessary measures to ensure trade stability with international partners. Furthermore, the working group aims to enhance Cambodia’s competitiveness in both the short and medium term.

Concerning the medium-term public finance outlook, Dr. Aun Pornmoniroth stated the Royal Government’s commitment to strengthening revenue collection, improving spending efficiency, and building budget reserves. He highlighted the recent launch of the “Revenue Mobilization Strategy (RMS) of the 7th National Assembly” in early 2025 and the ongoing preparation of other policy frameworks, including the “Program to Enhance Competitiveness, Increase Diversification, and Strengthen Resilience for Economic Growth in a Global Environment of High Uncertainty 2024-2028” and the “Medium-Term Public Finance Framework 2026-2028.”

Mr. Kenichiro Kashiwase commended the Royal Government of Cambodia for its proactive economic and public finance management, acknowledging the nation’s growth achievements and progress towards long-term objectives.

The IMF team pledged to continue monitoring and evaluating the impact of US policies on the Cambodian economy. They also committed to providing recommendations and collaborating with the Royal Government to ensure macroeconomic and public financial sustainability and stability.

The IMF further expressed its commitment to offering technical assistance on the Royal Government’s priorities, particularly exploring the implementation of Policy Coordination Instruments (PCI). PCI is an IMF initiative designed to facilitate and strengthen dialogue with partner countries on reform efforts and mobilize financing resources.

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Organized by the Cambodia Chamber of Commerce and the ASEAN Business Advisory Council – Cambodia, in partnership with international chambers of commerce and business associations within Cambodia and ASEAN, the summit promises to be a pivotal event for businesses looking to capitalize on the region’s dynamic growth.

The official opening ceremony, to be held on March 6th at 8:30 AM at the Sofitel Phnom Penh Phokeethra Hotel, will be presided over by Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of the Kingdom of Cambodia.

The ceremony will also welcome distinguished guests, ambassadors, representatives from relevant institutions, the ASEAN Business Advisory Council, major international companies operating in Cambodia and ASEAN, and experts from a variety of sectors.

The summit’s focus on connectivity underscores the importance of fostering stronger relationships and infrastructure development to facilitate trade and investment within the ASEAN region.

Attendees will have the opportunity to engage in discussions, network with industry leaders, and gain valuable insights into the latest trends and opportunities shaping the ASEAN market.

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H.E. Mrs. Cham Nimul, Cambodian Minister of Commerce, presided over the signing ceremony, held in Sydney, Australia on Feb. 16 during her visit to the country.

Officials from the Australian Department of Foreign Affairs and Trade, along with representatives from both Cambodian and Australian companies, participated in the event.

The MoUs were signed between Cambodian companies, including Amru Rice Cambodia Co., Ltd., Khmer Foods Group Co., Ltd., and Mirarth Agri Tech, and Australian companies – Green Group Pty. Ltd., MarketPlace Fresh Pty Ltd., Omara Import & Export, and Balha Sweets.

“These MoUs aim to promote and facilitate the export of Cambodian products, such as rice and cashew nuts, to the Australian market,” the ministry said in a statement.

During the event, H.E. Mrs. Cham Nimul presented the world’s largest sample of Cambodian cashew nuts to representatives of the Australian private sector to promote and encourage further exports to Australia.

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Addressing a get-together and a solidarity dinner with world Lin entrepreneurs at Koh Pich Convention and Exhibition Centre in Phnom Penh, Samdech Thipadei Hun Manet raised some key factors that make Cambodia an attractive destination for investments.

“Cambodia offers peace and stability. Cambodia offers a peaceful and stable environment, the fundamental factors that allow investors to seek when deciding where to invest,” he underlined. “As you may see, you visit Cambodia today and you stay [for] a few days, maybe in Phnom Penh or in other places. Cambodia is very safe.”

Samdech Thipadei Hun Manet took the opportunity to clarify some bad news about Cambodia. “I understand that some of you may have heard in the news recently about some security aspects of Cambodia that make a lot of people nervous. But please rest assured, Cambodia is safe and is stable and peaceful for you to conduct business. So, please trust Cambodia. We assure security and safety of all, including experts who live in Cambodia, investors, tourists who visit Cambodia, it is of utmost priority, just like Cambodians who live here. We provide security and stable environment for you all.”

Cambodia ranks as a top emerging market for foreign investment in 2024, according to fDi intelligence thanks to strong GDP growth, low inflation, and so on, he said, adding that Cambodian investment law is liberal with diverse, flexible and tailored incentives to investors. Cambodia offers 100 percent foreign ownership, there is no restriction on remittances of profits and capitals […].

Moreover, Samdech Thipadei Prime Minister stressed that Cambodia holds a strategic location and trade pact opportunities, therefore investing in Cambodia does not invest for the market of 17 million people, but opens opportunities to many other parts of the world because Cambodia has many agreements, including free trade agreements with ASEAN, Korea, China, RCEP, etc.

“Cambodia also has skilled workforce. Cambodia has young, dynamic, and English-speaking population. 60 percent of its population is under the age of 35. Cambodia has undertaken a comprehensive, free vocational training, tactical programme for 1.5 young million people. This ensures that we have the ability to provide businesses, especially overseas businesses that setting, looking to settle or open operation in Cambodia with the ability to have access to labour force ready to provide, to meet your need,” he said.

Expansion of infrastructure connectivity to integrate and connect Cambodia’s transport network and key economic corridors as well as Cambodia’s commitment to sustainable energy and digitisation were also mentioned by the Premier on the occasion. AKP

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This momentous event celebrated the power of business to drive positive social change and underscored the ASEAN region’s commitment to sustainable development.

The awards ceremony was a gathering of influential figures from various sectors, including representatives from the Ministry of Industry, Science, Technology, and Innovation, the Ministry of Commerce, and esteemed business associations. The Great ASEAN CRS Business Awards 2024 honored excellence in five categories:

• Great ASEAN CSR Community Award 2024 (10 winners)
• Great ASEAN CSR Star Award 2024 (3 winners)
• Great ASEAN CSR Business Award 2024 (12 winners)
• Great ASEAN CSR Entrepreneur Award 2024 (34 winners)
• Great ASEAN CSR Leader Award 2024 (13 winners)

Speaking at the awards ceremony, Mr. Heang Vuththa, President of the Global Entrepreneur 1% Club, emphasized the profound impact of social responsibility on both businesses and communities. He highlighted the event’s role in promoting sustainable development and improving the lives of people across the ASEAN region.

The rigorous selection process, which spanned over 80 days, involved evaluating 3,760 applicants from 39 countries. A meticulous review narrowed down the field to 280 potential candidates, ultimately leading to the selection of 75 winners.

Dr. Kong Vithera, founder of KPF and Vice President of the Global Entrepreneur 1% Club (Social Work), underscored the importance of balancing profit with social impact. He urged business owners and entrepreneurs to prioritize social responsibility as a key driver of sustainable growth and development.

The Global Entrepreneur 1% Club aims to inspire more entrepreneurs to engage in social work and hopes to see future awards ceremonies on an even larger scale, with increased participation from businesses and organizations.

This prestigious event showcases the power of business to drive positive social change and underscores the commitment of the ASEAN region to sustainable development.

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This system has reduced procedures, time, and costs involved in business registration, making it easier for entrepreneurs to start and operate their businesses.

Starting a business in Cambodia is a relatively straightforward process, especially with the advent of online registration. This guide will walk you through the steps of registering your business online with the Ministry of Commerce (MoC).

Why Register Your Business?
To operate legally in Cambodia, it’s mandatory to register your business with the Ministry of Commerce (MoC). This process ensures compliance with local regulations and provides your business with a legal identity.

Online Registration Process
The MoC has streamlined the registration process, making it primarily online. You can now reserve a business name and complete the registration process entirely through their digital platform.

Types of Businesses and Registration Requirements

1. Sole Proprietorship

Steps:
Log in to the MoC’s online portal.
Select “Sole Proprietorships” and then “Incorporate a Sole Proprietorship.”
Provide general information, addresses, and contact details, as well as the owner’s information.
Documents:
Identity proof of the owner.
Proof of address.

2. Private Limited Company, Public Limited Company, or Foreign Company

Steps:
Log in to the MoC’s online portal.
Select “Companies” and choose the appropriate option (Private Limited Company, Public Limited Company, or Foreign Company).
Provide general information, addresses, contact details, director information, share and shareholder details.
Documents:
Identity proofs of directors and shareholders.
Proof of address.
Articles of Association.
Memorandum of Association.

3. Partnerships (General Partnership or Limited Partnership)

Steps:
Log in to the MoC’s online portal.
Select “Partnerships” and choose the appropriate option (General Partnership or Limited Partnership).
Provide general information, addresses, contact details, partner information, and manager information.
Documents:
Identity proofs of partners and managers.
Proof of address.
Partnership agreement.

Important Considerations
Time Limit: You have 15 days to complete the registration process after initiating it. Failure to do so may result in the application being removed from the system.
Fees: There are associated fees for registering a business. These fees vary depending on the type of business and other factors.
Supporting Documents: Ensure that all required documents are accurate, complete, and up-to-date.

Registering a business online in Cambodia is a convenient and efficient process. By following these steps and providing the necessary information, you can establish your business legally and start operating in the Cambodian market. The online registration system offers a streamlined approach, saving time and effort for entrepreneurs.

Link to Registering Online a Business in Cambodia: https://www.businessregistration.moc.gov.kh/

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This 3-day event, held from September 18th to 20th, 2024, in Long Beach, California, is designed to foster new business relationships and propel Cambodian companies into the US market.

This year’s summit offers a dynamic platform for Cambodian businesses across various sectors to connect with pre-selected US counterparts through targeted matchmaking sessions, networking events, and workshops on navigating US business regulations and establishing partnerships.

The United States represents a vast and lucrative market for Cambodian businesses. The summit provides a direct line to US companies, opening doors for mutually beneficial partnerships and propelling Cambodian products and services onto the American stage.

Last year’s successful trade mission to Long Beach laid the groundwork for deeper US-Cambodia business ties. This year’s summit expands on that success by focusing on broader business matchmaking, fostering connections that can benefit a wider range of Cambodian companies.

This year, IDI (ID Investors Association) hit another level by reaching out to buyers to select Cambodian products to sell in the US market, and there are companies that have partnered with IDI to continue searching for markets for Cambodian products. IDI is also collaborating with the US side to apply for import licenses.

US Remains Top Destination for Cambodian Exports.

According to data released by the General Department of Customs and Excise (GDCE) earlier this month, Cambodia’s exports surged in the first half of 2024, reaching US$12.29 billion, a 12.6% increase compared to the same period last year. The United States remained the top destination for Cambodian exports.

The United States remained the top destination for Cambodian exports, accounting for US$4.4 billion. Vietnam and China followed closely behind with US$2 billion and US$814 million respectively.

This is your chance to connect with potential US partners and unlock new growth opportunities for your Cambodian business. For further details and swift registration, reach out to Mr. Van Ratana at 092 785 585 via Telegram or Phone Call. The application deadline is set for August 10th, 2024.

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The announcement came during a dinner reception held at the CDC headquarters on July 9th. The event honored the French delegation attending the 2nd France-Cambodia Business Forum.

H.E. Sun Chanthol expressed optimism that the three-day forum would lead to an increase in French investment in Cambodia.

H.E. Jacques Pellet, the French Ambassador, pledged his support in promoting and expanding direct investment from France to Cambodia. He acknowledged that current French investment remains limited.

The positive impact of existing French investment was highlighted, including companies like Vinci, Total, and Bred Bank. Small and medium enterprises (SMEs) were also recognized for their contributions in areas like job creation, skills development, and economic stability.

According to the Council for the Development of Cambodia, Cambodia saw $4.9 billion invested across 268 projects in 2023. The first half of 2024 is already showing promise with 190 projects valued at $3.2 billion.

Recently, at the France-Cambodia Business Forum, Prime Minister Hun Manet acknowledged the importance of France as a key trade partner and foreign investor. He pointed to the $515 million in bilateral trade last year and the $206 million achieved so far in 2024.

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