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SINGAPORE (Mar 27): vCargo Cloud (VCC), a portfolio company of SGX-listed DeClout, has won a contract by Cambodia’s Ministry of Economy and Finance to integrate seven government bodies onto a unified online trade facilitation platform.
The integrated e-trade solutions provider will develop and implement Phase 2 of Cambodia’s National Single Window (CNSW), following its successful implementation of Phase 1 last year.
Named CamelONE, the platform will connect traders with Cambodian License and Permit Issuing Authorities.
These seven authorities are: the Ministry of Commerce; General Department of Customs and Excise of Cambodia; Council for Development of Cambodia; Ministry of Agriculture, Forestry and Fishery; Ministry of Health; Ministry of Industry and Handicrafts; and Port and Airport Operators in Cambodia.
Besides providing timely and accurate statistics to improve reporting, CamelONE will also help to digitalise documentation processes, such as application for licenses and permits, to reduce cross-border risks and costs.
“VCC’s involvement bears testimony to our capabilities and the strong partnership we have forged with the Cambodian government,” says Desmond Tay, chief executive officer of VCC.
“With a population of more than 630 million, the Asean region represents the world's sixth largest economic bloc and is poised to play a vital role in future global trade,” he adds.
Shares of DeClout last closed at 8.1 cents on Mar 23.