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ខ្មែរ 
Gov’t Backs 24 Stalled Projects in SHV with $129m Investment
- 5 August 2024
The government is reinforcing support for 24 projects in Sihanoukville, involving a total investment of US$129 million, including both stagnant buildings and those currently under development. This was disclosed by the task force on their official Facebook page on 31 July 2024. From February to June 2024, the task force facilitated incentives for 61 projects, amounting to a combined investment ...
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Cambodia Earns Nearly US$28m from Angkor, Koh Ker & Boat Rides in Seven Months
- 5 August 2024
In the first seven months of 2024, Cambodia generated US$27,828,367 from ticket sales to Angkor, Koh Ker, and boat rides, according to a report released by the Angkor Institute on 1 August 2024. The report highlights that from January to July 2024, 584,375 foreign tourists visited Angkor, contributing US$27,177,430 to the total revenue—a 33.76% increase compared to the same period last year. ...
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Cambodia Launches Groundbreaking for the US$1.7bn Funan Techo Canal Project
- 5 August 2024
The construction of Cambodia's monumental US$1.7 billion Funan Techo Canal project was officially inaugurated by Prime Minister Hun Manet on 5 August 2024. This historic canal aims to revolutionize the country's economic landscape and trade strategies within Southeast Asia. The Funan Techo Canal, spanning 180 km, is a collaboration between Cambodian investors, who hold a 51% stake, and state-ow...
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Global Supply Chain Shift from China, While Thailand Emerges as Key Player
- 4 August 2024
Thailand has positioned itself as a prime investment destination in the ongoing supply chain reformation from China, attracting substantial investment across key industrial clusters over the next decade, according to Michael Glancy, Country Head of JLL Thailand. This shift, driven by the need for supply chain diversification, is detailed in a recent report by Jones Lang LaSalle (JLL) published by ...
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Japan Heart Supports Construction of Paediatric Oncology Hospital in Kandal Province
- 3 August 2024
Japan Heart Children’s Medical Centre has announced the construction of a three-storey paediatric oncology hospital in Kandal province. The facility, which will feature 100 rooms and four operating theatres, is expected to be completed within 15 months, with an opening scheduled for October 2025. This initiative, disclosed by Japan Heart on 31 July 2024, is a significant step toward enhancing h...
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Korea Commits US$10m to Transform 30 Villages in Northwestern Cambodia
- 3 August 2024
The Government of Korea, through the Korea International Cooperation Agency (KOICA), has committed US$10 million to develop 30 villages in Battambang, Banteay Meanchey, and Pailin provinces over five years from 2022 to 2026. The project aimed at boosting agricultural incomes, enhancing governance capacity for rural development, and improving access to essential services, according to KOICA's offic...
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Cambodia Issues Over US$60m in State Securities in First Half of 2024
- 2 August 2024
In the first half of 2024, the Cambodian government issued public securities worth 255.3 billion Riels (approximately US$63 million) to finance public investment projects aimed at promoting economic growth and productivity. This information comes from a report by the National Bank of Cambodia dated 31 July 2024. The report details that one-year government securities were issued for 32 billion R...
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New National Assembly Building in Cambodia Reaches 57% Completion with Vietnam’s US$25m Grant
- 2 August 2024
The construction of Cambodia's new National Assembly building, funded by a US$25 million grant from Vietnam, has reached 57% completion. The project committee, led by National Assembly President Khuon Sodary, reviewed progress on 31 July 2024. During the meeting, TCV, an international construction company, reported that although the project was initially expected to be completed by August, COVI...
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GDT Sets Property Tax Deadline for 30 September 2024
- 2 August 2024
The General Department of Taxation (GDT) has reminded all property owners to fulfil their property and land tax obligations by 30 September 2024. The announcement, made on 31 July 2024, , emphasises the critical importance of meeting this deadline to ensure a smooth tax collection process. To facilitate efficient tax payments, the GDT encourages property owners to comply promptly. Taxes can be ...
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Cambodia’s Manufacturing Sector Expands with 2,175 Factories and Over 1.1 Million Jobs
- 1 August 2024
As of the first half of 2024, the Ministry of Industry, Science, Technology, and Innovation (MISTI) has registered a total of 2,175 manufacturing factories, up from 1,997 in the same period last year. These factories collectively employ about 1.1 million workers, according to a recent report from the National Bank of Cambodia, issued last week on 1 August 2024. The report projects the manufactu...
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Cambodian Senate Approves Landmark Air Transport Law to Boost Aviation Sector
- 1 August 2024
In a significant move to bolster Cambodia’s aviation industry, the Senate has unanimously approved the draft law on international air transport. The approval, achieved with 56 out of 56 votes during the extraordinary session of the Senate of the 5th legislature, was held under the chairmanship of Samdech Techo Hun Sen on 31 July 2024. The newly approved law aims to establish a robust legal fram...
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The Gov’t Establishes Special Task Force to Expedite Tax Audits
- 1 August 2024
In a decisive move to enhance the business and investment environment, the Cambodian government has established a special tax audit unit under the General Department of Taxation of the Ministry of Economy and Finance. This unit aims to expedite the resolution of tax audit issues and ensure compliance with existing laws and regulations. The decision was formalised through a sub-decree on 16 July 20...
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