The initiative was discussed during a meeting between Deputy Prime Minister and Minister of Economy and Finance H.E. Dr. Aun Pornmoniroth and AIIB President Ms. Zou Jiayi, who is on her first official visit to Cambodia.

The discussions focused on the Country Cooperation Framework (CCF) for 2026-2030, expected to guide investments across priority sectors.

H.E. Dr. Aun Pornmoniroth highlighted the importance of the framework in addressing Cambodia’s growing infrastructure needs, particularly amid global economic uncertainty and geopolitical tensions.

Cambodia, a founding member of the AIIB since 2016, has received sustained support through loans and grant financing, including assistance during the COVID-19 pandemic.

Ms. Zou Jiayi reaffirmed the AIIB’s commitment to accelerating project approvals and supporting Cambodia’s development priorities, including clean energy, through new financing instruments.

Commenting on the development, economist Dr. Darin Duch said the framework would be vital in maintaining Cambodia’s growth trajectory.

“The US$2 billion CCF is crucial because it provides capital for infrastructure development. Cambodia is able to maintain ongoing projects such as transport, logistics, and digital infrastructure, which are key drivers for economic productivity, trade competitiveness, and inclusive growth,” he said.

He added that the framework could also support Cambodia’s energy transition.

“There is a potential to support clean energy, including solar, hydropower, and grid modernisation, while reducing dependency on imported fossil fuels. This is conducive to enhancing energy security and reducing costs in the long run,” he noted. AKP

The post Cambodia, AIIB Discuss Investment Framework first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

Speaking at a parliamentary workshop on “Building the Macroeconomic Policy Framework and Public Financial Policy for Drafting the Law on the National Budget 2026,” held on Nov. 10 at the National Assembly Palace, H.E. Dr. Aun Pornmoniroth cited estimates from international institutions such as the IMF, World Bank, ADB, and AMRO, which forecast Cambodia’s GDP growth at 4.8 to 4.9 percent in 2025.

The Deputy Prime Minister attributed the growth to solid performance in the industry, services, and agriculture sectors.

He outlined five main priorities of the 2026 budget: safeguarding sovereignty and peace while maintaining macroeconomic stability; accelerating human resource and institutional development; promoting competitiveness through innovation and digital transformation; improving fiscal efficiency through better revenue and expenditure management; and expanding social protection for vulnerable groups.

H.E. Dr. Aun Pornmoniroth reaffirmed the government’s commitment to carry out key reforms in public administration, education, health, local governance, and the judiciary under the Pentagonal Strategy – Phase 1, led by Prime Minister Samdech Thipadei Hun Manet.

These reforms, he said, are vital to achieving Cambodia’s vision of becoming an upper-middle-income country by 2030 and a high-income country by 2050.

He added that the draft law on the national budget for 2026 reflects the government’s commitment to macroeconomic stability, fiscal sustainability, and inclusive development.

“The national budget is not only a financial document but also a roadmap for Cambodia’s sustainable and inclusive growth,” H.E. Dr. Aun Pornmoniroth said. “With sound fiscal management and continued reforms, Cambodia will stay on course toward lasting peace and prosperity.”

The post DPM Aun Pornmoniroth: 2026 Budget Targets Growth, Stability and Inclusion first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

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.

The post Cambodia’s Economic Outlook and Strategic Response to US Tariffs, with IMF Assistance first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

This announcement was made at the GDCE’s annual meeting on February 10th, presided over by Deputy Prime Minister and Minister of Economy and Finance, H.E. Aun Pornmoniroth, and attended by GDCE Director General H.E. Kun Nhem and other officials.

H.E. Aun Pornmoniroth praised the GDCE’s leadership and staff for their impressive performance despite global challenges, including the slow economic recovery, the ongoing conflicts in Ukraine and the Middle East, and geopolitical tensions. He highlighted the significance of the GDCE’s achievement in the face of these obstacles.

For 2025, the Deputy Prime Minister outlined several key priorities for the GDCE, focusing on maximizing revenue collection, preventing tax evasion, strengthening compliance and e-commerce management, modernizing the institution, fostering greater collaboration with government agencies and the private sector, and improving overall governance.

In Cambodia, tax collection is handled by two agencies: the GDCE, responsible for customs duties, and the General Department of Taxation (GDT), which collects internal taxes such as income tax, salary tax, value-added tax, and property tax.

The post GDCE Reports 13.8% Revenue Increase in 2024, Despite Global Challenges first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

“The Ministry of Economy and Finance will issue government bonds through auctions on the National Bank of Cambodia’s Platform (NBCP) in the amount of KHR500 billion, approximately more than US$123 million,” the ministry said in a press release.

Government bonds are currently auctioned through the NBCP with investors from institutional investors such as banks and insurance companies.

The Ministry of Economy and Finance started issuing government bonds in 2022 as a new financial instrument, enabling the government to augment domestic revenue, thereby reducing the need to borrow from foreign sources for infrastructure development.

The ministry stated that government bonds would enable the state to raise funds for economic development.
In 2024, the RGC is set to issue government bonds totaling KHR 440 billion, equaling about US$108 million.

The post RGC Plans to Raise Some US$120 Million from Government Bond Issuance first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The meeting, led by H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, reviewed progress on the “Master Plan to Develop Preah Sihanouk Province into a Model Multi-purpose Special Economic Zone and Develop Cambodia’s Coastal Provinces into a Multi-Purpose and Comprehensive Economic Corridor.”

High-ranking officials, including Deputy Prime Ministers, Ministers, provincial governors, and representatives from the Shenzhen Institute of Urban Planning and Design (UPDIS) led by Mr. Sima Xiao, President of UPDIS, participated in the meeting.

The draft report received positive feedback, with appreciation expressed for the work done by the team. Discussions focused on ensuring the report’s comprehensiveness and paving the way for its translation into Khmer. Following translation, the plan will be submitted to the Royal Government of Cambodia for approval.

Deputy Prime Minister Aun Pornmoniroth concluded the meeting by expressing gratitude to all involved, including Mr. Sima Xiao and his team at UPDIS, for their dedication and collaboration in developing this crucial economic development plan.

The post Cambodia Advances Coastal Development Plan: 4th Inter-ministerial Committee Meeting Convenes first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

Cambodian Deputy Prime Minister and Minister of Economy and Finance H.E. Dr. Aun Pornmoniroth and ADB President Mr. Masatsugu Asakawa co-presided over the inauguration ceremony.

Mr. Asakawa emphasized the significance of the new office, symbolizing the strong partnership and shared development goals between ADB and Cambodia. The new strategy prioritizes economic diversification, investment in people (human capital development), and building resilience to climate change.

The new office is designed with sustainability in mind, featuring eco-friendly materials and energy-saving systems. It also incorporates Cambodian cultural motifs, reflecting the country’s rich heritage. This highlights ADB’s commitment to both environmental responsibility and creating a positive work environment for its staff.

H.E. Dr. Aun Pornmoniroth acknowledged ADB’s long-standing role as a trusted development partner for Cambodia. The inauguration coincides with a new $1.26 billion commitment by ADB to support the Cambodian government’s development goals. This reaffirms their dedication to achieving sustainable development and economic growth in Cambodia.

ADB has a long history with Cambodia, joining as a founding member in 1966 and supporting its first project in 1970. With a broader mission of creating a prosperous, inclusive, and sustainable Asia-Pacific region, ADB remains committed to fighting extreme poverty.

The post The Asian Development Bank Opens New Office in Cambodia, Deepens Partnership first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

Addressing the official launching event of NSW, Samdech Thipadei Hun Manet said the NSW will further tighten Cambodia’s competitiveness and resilience for trade and investment.

Samdech Thipadei Hun Manet encouraged all state institutions to join the NSW as now there are only 16 institutions.

“This is the most important goal of the Royal Government as NSW will further strengthen the government-to-government, government-to-business and business-to-business cooperation,” he underlined.

H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance said the US$3.4 million NSW project will allow the exporters-importers to apply for a license, a permit, a certificate, and other documents required for the export-import of goods to the competent ministries and institutions only once in order to receive the authorisation to be used in the fulfillment of customs clearance form through electronic mean.

At the same time, he added, NSW is also connected to the ASEAN Single Window for the electronic exchange of the Certificate of Origin, the ASEAN Customs Declaration Document and other international trade-related documents with ASEAN members and ASEAN dialogue partners.

The Royal Government has announced its commitment to develop this new system to support trade facilitation policies in line with international agreements and international best practices, especially with ASEAN and the World Trade Organisation, said H.E. Dr. Aun Pornmoniroth, also Head of the NSW leading Committee.

The post Cambodia launches national single window first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

Dr. Pornmoniroth expressed his appreciation for the UK’s support: “I expressed my deep gratitude for the cooperation between the two countries in the past, especially the UK’s support for Cambodia’s exports and the initiative of the Green SEZ project in Cambodia, contributing to the socio-economic development of Cambodia.”

He also briefed the Minister on Cambodia’s economic progress, including continued macroeconomic stability and the launch of the Pentagonal Strategy. Dr. Pornmoniroth outlined Cambodia’s reform plans aimed at achieving high-income status by 2050.

The UK Minister affirmed their commitment to deeper cooperation: “Rt Hon. Anne-Marie Trevelyan highly valued the significant progress of the Cambodia-UK cooperation and expressed the UK’s commitment to further strengthen and expand existing cooperation and promote investment in Cambodia, particularly the development of the Green SEZ and the efforts to attract new British investors to Cambodia.”

Both parties discussed potential reforms to attract more foreign investment, focusing on areas like business registration, financial support, and debt management.

Trade figures show a slight decrease however, the bilateral trade between Cambodia and the UK reached US$872 million in 2023, a 10.7% decrease compared to the previous year. Cambodia’s exports to the UK declined by 10.2%, while imports from the UK fell by 15.9%.

The post Cambodia, UK look to boost investment, trade ties first appeared on Estatedia | Economy & Real Estate Media in Cambodia.