Insights / Updates

Stay up to date with legal developments in Cambodia.

What's New

Foreign Employee Quota Request and Renewal of Work Permit for Foreigners for 2019

On 20 August 2018, the Ministry of Labour and Vocational Training (“MLVT”) issued Notification No. 028/18 (“Notification”) informing enterprises which are employing foreign employees in 2019 to apply for foreign employees usage quota approval from 1 September 2018 to 30 November 2018. The Notification also requires enterprises that currently employ foreign employees to apply for the renewal of the latter’s respective work permits. The application period is from 1 January 2019 to 31 March 2019

ID Cards or Family Books and Residential Books Cannot be used as Collaterals for Loans

The National Bank of Cambodia has noticed there are banks, financial institutions and rural credit operators that are still accepting ID cards, family books and/or residential books as collaterals for granting loans. Notification No. B7-018-008 N.I on Prohibition of Accepting Identification Card or Family Book and Residential Book as Securities for Granting Loan dated 17 July 2018 was issued to serve as a reminder to these institutions of the sanctions of such unlawful practice.

Changes to the National Social Security Fund Health Benefits

On 25 April 2018, the Ministry of Labour and Vocational Training issued a Prakas to amend certain articles of a Prakas issued in 2016 regarding health benefits.