Cambodia, Laos, Vietnam Agree To Accelerate Three Major Cross-Border Infrastructure Projects

The prime ministers of Cambodia, Laos, and Vietnam have agreed to gather more resources from development partners to accelerate three major cross-border infrastructure development projects including the Phnom Penh-Ho Chi Minh railway, Hanoi- Vientiane expressway, and Vientiane–Vũng Áng railway.

According to the virtual meeting between the three prime ministers on 10 March, the three nations have vowed to do their best to push the three projects into reality as soon as possible.

If built, these three cross-border infrastructure developments will help boost a regional framework of cooperation, and increase economic activity through trade.

In the meeting, the three leaders also considered resuming international flights between the three nations.

To date, the Phnom Penh-Ho Chi Minh railway has yet to see big progress since being first announced in 2019. According to the Ministry of Public Works and Transport spokesman Vasim Sorya, both nations have only agreed verbally on the project and there wasn’t any official agreement signed yet. (Read more)

However, he added that the railway remains listed as a prioritised infrastructure construction project. In October last year, a Chinese firm finished the feasibility study but the government has decided on anything. (Read more)

- Video Advertisement -

Related Post

Second Conch Cement Factory in Battambang Worth US$ 253 Million Reaches 85% Completion

The construction progress of the second Conch Cement Factory in Battambang province, valued at US$253 million, has reached a significant milestone, with approximately 85% of the project now complete. Scheduled for an official inauguration in September 2024, this development marks a crucial step forward in Cambodia’s cement manufacturing sector. The update was shared via a […]

Toyota Unveils US$36 Million Assembly Plant in Phnom Penh SEZ

In a significant boost to Cambodia’s automotive industry, a new Toyota assembly plant, valued at over US$36 million, was officially inaugurated in the Phnom Penh Special Economic Zone on 2 May 2024. This landmark event was presided over by Samdech Hun Manet, Prime Minister, marking a new era in the country’s manufacturing capabilities. The Toyota […]

Cambodia Forges Ahead with International Standard Community Nurseries for Workers

Cambodia is accelerating its initiatives to establish community nurseries built to international standards. In a concerted effort to elevate working conditions and support the welfare of labourers, the Ministry of Labor and Vocational Training (MLVT) convened a pivotal meeting on 18 April 2024, in collaboration with the World Child and Development Organisation and the World […]

Cobber Packing Company Commits Over US$3 Million to Establish Cardboard Factory in SHV

The Preah Sihanouk Provincial Sub-Committee on Investment (ECCC) has greenlit an ambitious venture by Cooper Packing (Cambodia) Co., Ltd., investing upwards of US$3 million to erect a state-of-the-art cardboard factory in Sihanoukville. The decision came to light during a meeting presided over by Mr. Kouch Chamroeun, Governor of Preah Sihanouk Province, on 17 April 2024. […]

Construction Sector Thrives: Ministry Approves 3,207 Projects Worth US$5.4bn in 2023

In 2023, Cambodia’s construction landscape witnessed a remarkable surge, with the Ministry of Economy and Finance (MEF) greenlighting a total of 3,207 construction projects, collectively valued at US$5.4 billion. This data, unveiled in a ministry report, highlights a significant stride in the nation’s development trajectory. The report indicates a notable shift in construction dynamics compared […]

Hong Kong Firm, Sunwah Group, Expands Investment Horizons in Cambodia, Eyes Five Key Sectors

Hong Kong-based Sunwah Group is set to broaden its investment portfolio in Cambodia, signalling its intent to venture into five pivotal sectors beyond its existing seafood processing operations, which have been operational since 1994. This development emerged from a high-level meeting between Prime Minister Samdech Hun Manet and Mr. Jonathan K.S. Choi, President of Sunwah […]