RCEP Agreement Set to Transform China-ASEAN Maritime Trade with Unprecedented Blue Economy Integration
The Regional Comprehensive Economic Partnership (RCEP) is poised to revolutionize maritime trade between China and ASEAN, with marine transport currently accounting for 94 percent of China’s foreign trade and over 60 percent of ASEAN’s foreign trade while representing 65 percent of bilateral trade between the two regions in 2023. This landmark development emerges as part […]
Digital Park Initiative Unveiled to Boost Cambodia’s Digital Literacy and Start-Up Scene
The Ministry of Posts and Telecommunications of Cambodia has announced an ambitious plan to establish a digital park aimed at enhancing digital literacy and fostering the growth of digital start-ups in the country. This initiative, inspired by Thailand’s successful Thailand Digital Valley project, was revealed by H.E. Hak Sokheng, Undersecretary of State of the ministry. […]
Cambodia Revamps Investment Policies to Attract Global Companies Amid Trade Wars
Cambodia is revising its investment policies to enhance its appeal to multinational corporations and attract businesses looking to relocate from countries affected by ongoing trade tensions. The Council for the Development of Cambodia (CDC) is leading these reforms to offer increased incentives and streamline investment procedures. This initiative is particularly relevant as many companies and […]
Cambodia Enhances Investment Climate with Adoption of 21 International Standards
Cambodia is taking significant strides to boost its economy and attract foreign investment by adopting 21 new international standards as national standards. This pivotal decision was made during the National Standards Council’s 30th meeting on January 30, 2025, which focused on reviewing and approving key standards across various sectors. The adoption of these standards aligns […]
Cambodia’s Electricity Capacity Set to Expand Significantly by 2024
By 2024, Cambodia is poised to enhance its electricity generation capacity to an impressive 5,044 megawatts, alongside a substantial extension of transmission lines to 3,890 kilometers. During the closing ceremony of the Electricity Authority’s conference on February 3, 2025, His Excellency Keo Rattanak, Minister of Mines and Energy, confirmed that these targets had been met. […]
BYD to Establish Vehicle Assembly Plant in Sihanoukville Economic Zone
In a significant boost to Cambodia’s automotive industry, BYD, China’s leading electric car manufacturer, has announced plans to establish a vehicle assembly plant within the Sihanoukville Special Economic Zone. The project, which involves an investment of USD 32 million, is expected to create over 200 jobs and contribute to the local economy. The assembly plant […]