Logo of Phnom Penh Post newspaper Phnom Penh Post - Competition committee law makes inroads

Competition committee law makes inroads

Content image - Phnom Penh Post
Cambodia's Ministry of Commerce. Heng Chivoan

Competition committee law makes inroads

Private sector actors and experts have welcomed the promulgation of the new competition law, to create a fair-playing field and attract more investment.

The Law on Competition was endorsed by the King for immediate promulgation on October 5 after the Senate reviewed and approved in on September 20.

Composed of seven chapters and 41 articles, the law is aimed at shaping fair business practices; promoting economic efficiency and shoring up new businesses; protecting the national economy from harmful anti-competitive behaviours; and assisting customers in procuring a broader range of diverse, high-quality goods and services at lower prices.

Ministry of Commerce secretary of state Mao Thora told The Post on October 13 that he had a hand in the already-drafted sub-decree on the functional role of the law and the establishment, composition and duties of the associated committee.

“Our minister will review the sub-decree of the law and then put it to the Council of Ministers for approval. The law is very important to build trust among both local and foreign investors and businesspeople – so it creates a fair-playing field,” he said.

“Once we have the law, I think our local investors will also happy to expand their investments too, as they’ll feel more confidence.”

Anthony Galliano, group CEO of financial services firm Cambodian Investment Management Co Ltd, said Cambodia has been committed to the development of a competition law since 2006, especially as the other nine ASEAN countries would enact similar laws before the Kingdom did.

He said the Kingdom was motivated to fulfil its commitments to the ASEAN Competition Action Plan, and as a member of the World Trade Organisation (WTO).

Now that the King has approved the promulgation of the law, Cambodia can now get to work on execution, he added.

“The law establishes provisions and procedures applicable to unlawful practices of restraint of competition and promotes and protects the benefits of the competitive market economy of Cambodia, particularly prohibiting Horizontal Agreements, Vertical Agreement, and Abuse of a Dominant Position.

“It is a further monumental step in the development of a market economy system in the Kingdom, and will help boost competition on production, productivity, trade and services. It should also improve the international perception of ‘ease of doing business’ in the Kingdom,” Galliano said.


  • Hun Sen: Full country reopening to be decided in two weeks

    Prime Minister Hun Sen has announced that if the Covid-19 situation remains stable for 15 consecutive days from the end of the October 5-7 Pchum Ben public holiday, Cambodia will reopen fully, albeit in the context of Covid-19 whereby people have to adjust their lives to

  • Phnom Penh governor: Show Covid-19 vaccination cards, or else

    Phnom Penh municipal governor Khuong Sreng late on October 5 issued a directive requiring all people aged 18 and over and the parents of children aged 6-17 to produce Covid-19 vaccination cards when entering schools, markets, malls, marts, eateries and other business establishments that have been permitted

  • Cambodia seeks probe into 'false reports' on Hun Sen's alleged Cypriot passport

    Minister of Justice Koeut Rith on September 6 wrote a letter to his Cypriot counterpart Stephie Dracos requesting cooperation in investigating and providing the truth in relation to the "exaggerative and false allegations" that Prime Minister Hun Sen holds a Cypriot passport. In his letter, the

  • Will Evergrande change the way Chinese developers do business in Cambodia?

    China’s property sector policy has exposed the grim financial condition of real estate developers including those operating in Cambodia, which raises questions over the viability of their projects and business going forward The dark blue netting draping over one of Yuetai Group Co Ltd’

  • 'Pandora Papers' expose leaders' offshore millions

    More than a dozen heads of state and government, from Jordan to Azerbaijan, Kenya and the Czech Republic, have used offshore tax havens to hide assets worth hundreds of millions of dollars, according to a far-reaching new investigation by the International Consortium of Investigative Journalists (

  • Cambodia voted ‘world’s friendliest country’ in Rough Guides reader poll

    Cambodia ranked number one among the “World’s Friendliest Countries”, according to a reader poll conducted by London-based international website “Rough Guides”. Taking submissions through Twitter and Facebook, “Rough Guides”, a well-known travel agency and publisher of guidebooks, said the Kingdom “was by far the