S.Korea Contributes US$10M for Demining Project in Three Cambodian Provinces

South Korea has provided US$10 million to Cambodia for the fourth phase of demining projects (2021-2025) in three provinces, according to His Excellency Senior Minister Ly Thuch, First Vice President of the Mine Authority, on March 20, 2023.

The project, called Demining for Success, was launched in 2006 and has cleared a total of 322.87 square kilometers of landmines, benefiting more than one million rural people, half of whom are women and girls. The contribution from South Korea will allow Cambodia to continue demining in Battambang, Pailin, and Banteay Meanchey provinces, potentially saving lives and contributing to poverty reduction and improved livelihoods for locals.

The Mine Action for Results project has reached the fourth phase with financial support from the Royal Government of Cambodia, Australia, New Zealand, the Republic of Korea, and the United Nations Development Programme. Additionally, the Cambodian government contributes 10% to the demining project for annual results.

Cambodia recently announced that it has cleared ten mine-affected areas, and only 15 provinces remain threatened by landmines, highlighting the progress being made by demining projects. The demining efforts will help protect the population from the dangers of landmines and improve the safety and well-being of communities in affected areas. (Read more)

- Video Advertisement -

Related Post

ADB Approves USD50 Million Loan to Elevate Cambodia’s SME Sector

In a significant boost to Cambodia’s economy, the Asian Development Bank (ADB) has approved a loan of approximately USD50 million to enhance the business environment for micro, small, and medium-sized enterprises (MSMEs) in the country. The initiative, highlighted in a recent press release, is designed to promote competitiveness and reduce trade barriers within Southeast Asia. […]

Japan Invests Over USD40 Million in Cambodia, Enhancing Economic Partnerships in 2024

Japan has invested over USD40 million in Cambodia during the first ten months of 2024, reaffirming its position as the seventh-largest investor in the country. This development was highlighted in a report by the Council for the Development of Cambodia, released on 19 November 2024. To further strengthen bilateral economic ties, the Cambodian Duke Association […]

Korean Firm Heungkuk Industry Eyes Investment in Cambodian Cashew Processing Sector

Heungkuk Industry, a leading South Korean construction materials manufacturer, is set to invest in Cambodia’s burgeoning cashew processing sector. The commitment was unveiled during a meeting on 19 November 2024 between HE Vongsey Visoth, Deputy PM overseeing the Office of the Council of Ministers, Mr. Lee Kee Yun, Director of Heungkuk Industry, and Professor Lee […]

Cambodia Approves Over $5 Billion in Investments Across 346 Projects in 10 Months of 2024

Cambodia’s investment landscape saw remarkable growth during the first ten months of 2024, with the Council for the Development of Cambodia approving 346 new projects worth over $5 billion, projected to generate approximately 270,000 jobs. This represents a 38% increase in investment compared to the same period in 2023, underscoring the country’s strengthened economic environment, […]

Two Chinese Firms to Expand Investment in Cambodia with New Garment Factories

Fortune Rich Trade Co., Ltd. and Ju Wang Footwear Co., Ltd., two prominent Chinese firms, have announced plans to establish additional garment factories in Cambodia, focusing on producing women’s and children’s clothing for international markets. This significant investment initiative was unveiled during a meeting with PM Hun Manet on 6 November 2024 in Kunming, Yunnan […]

Chinese Investment in Cambodian Manufacturing Surpasses USD 9 Billion, with 1,273 Factories Established

Cambodia’s manufacturing sector now hosts 1,273 factories funded by Chinese investors, representing a total investment of over USD 9 billion and accounting for 45.49% of the country’s overall foreign investment capital. The details were highlighted in a meeting between Minister of Industry, Science, Technology, and Innovation HE Hem Vanndy and China’s Ambassador to Cambodia HE […]