Cambodia Poised for Economic Windfall as U.S. Trade Policy Shifts from Vietnam
Cambodia stands to emerge as a major beneficiary of potential U.S. trade policy shifts, with experts predicting significant manufacturing opportunities if Donald Trump returns to office, particularly as Vietnam faces possible trade tariffs similar to those previously imposed on China, according to 2025 Fearless Forecast shared at a Real Estate Forum in Novotel Phnom Penh by Marc Townsend, Chairman...
Read MoreQ&A: Driving Innovation for Integrating AI and Sustainability in Transportation Solutions for a Greener Future
In the last decade, there has been a significant focus on digital technology and artificial intelligence worldwide. Bentley Systems, a leading company in infrastructure engineering software, recently held the 2024 Year in Infrastructure and Going Digital Awards in Vancouver, Canada. This event brought together prominent industry leaders and users from around the globe to discuss advancements in th...
Read MoreChinese Tech Firm Sets Ambitious Plans for Digital Nursery in Cambodia
To enhance global investment opportunities, 86Links Co., Ltd., a leading Chinese tech firm, seeks to collaborate with the Cambodian government to establish a cutting-edge digital technology nursery. This initiative aims to position Cambodia as a prime destination for international investors, fostering economic growth and innovation within the region. During a productive meeting on 16 January 20...
Read MoreSweden’s Largest Factory Unveiled in Phnom Penh: A New Era for Cambodia’s Economy
In a landmark event on 17 January 2025, Sweden's prestigious glove manufacturer, HESTRA (Cambodia) Co., Ltd., officially opened the doors to its state-of-the-art factory located in the Royal Phnom Penh Special Economic Zone. The inauguration ceremony was graced by notable figures, including HE Chea Vuthy, Secretary-General of the Investment Committee of Cambodia, and Ms. Anna Hammargren, Ambassado...
Read MorePhnom Penh Autonomous Port Reported Significant Growth in 2024
In a remarkable showcase of economic activity, the Phnom Penh Autonomous Port (PPAP) has reported impressive financial and operational results for the year 2024. According to a press release dated 14 and 16 January 2025, the port generated a total revenue of USD 41,588,172, marking an increase of 21% compared to 2023. This achievement was fuelled by a notable rise in container throughput, with nea...
Read MoreBanteay Meanchey Irrigation Development Project Exceeds 64% Completion
The Irrigation Development Project for Flood Reduction (IDFMP) in Banteay Meanchey province has made significant progress, achieving a completion rate of over 64%. The project is on track for completion by mid-2026, as reported by a working group from the Ministry of Water Resources and Meteorology on 15 January 2025. Progress highlights include: Restoration of Pools: - Pong Pool: 100% ...
Read MoreEmerging Green Journey: Cambodia’s Electric Vehicle Boom in 2024
In 2024, Cambodia experienced a remarkable increase in electric vehicle registrations, reaching a total of 2,253—a staggering 620% rise compared to 2023. This was confirmed by HE Phorn Rim, the spokesman for the Ministry of Public Works and Transport, on 15 January 2025. This substantial growth indicates a positive shift towards green transportation in Cambodia. HE Phorn Rim stated, "In 2024 al...
Read MoreChina Approves Highest & Largest Hydropower Dam in Tibet Worth USD 127 Billion Amid Global Concerns
China has approved the construction of the world’s largest hydropower dam on the lower Yarlung Tsangpo River in Tibet, with an estimated cost of USD 127 billion. The project, poised to generate three times more energy than the Three Gorges Dam, is expected to redefine renewable energy development globally but has raised significant concerns about environmental impact, displacement of Tibetan commu...
Read MoreExperience Prosperity this Lunar New Year with Unmissable Offers from Borey Peng Huoth!
In celebration of the vibrant and auspicious Chinese New Year, Borey Peng Huoth is thrilled to announce a sensational promotion that is perfect for families and businesses seeking their dream homes. From now until 31 January 2025, join us in experiencing the spirit of the season with exclusive discounts and offers designed to bring joy and prosperity to our valued customers. During this auspici...
Read MoreCambodian Government Exempts Local Cement Industry from Special Tax for Two Years
The Royal Government of Cambodia has announced a significant measure to support the local cement industry by waiving the special tax for a period of two years. This decision, outlined in a Prakas from the Ministry of Economy and Finance dated 14 January 2025, is aimed at easing the financial burden on the industry. During a recent statement, Minister of Economy HE Aun Porn Moniroth confirmed th...
Read MoreChinese Mining Firms Eye Expansion in Cambodia’s Potent Resource Sector
In a promising development for Cambodia's mining industry, Beijing Endi (Group) Co., Ltd., a prominent mining investment firm based in China, has set its sights on expanding operations in the kingdom. This ambition was underscored during a pivotal meeting on 15 January 2025, between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and a delegation led by Mr. Tang Changzhong,...
Read MoreCambodia Welcomes 17 New Investment Projects Worth USD 150 Million in January 2025
In an exciting start to the year, Cambodia's investment landscape is poised for growth as the country received a notable infusion of capital with 17 new investment projects. These initiatives, collectively valued at approximately USD 150 million, were registered during the inaugural "One Window Service Office" (OWSO) meeting for 2025, held on 15 January, chaired by HE Chea Vuthy, Secretary General...
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