Vietnam Initiates Trade Boost with Reduced Tariffs on Select Cambodian Goods

In a bid to fortify economic ties, Vietnam has introduced preferential import tariffs for specific Cambodian goods, aiming to catalyze trade between the two neighboring nations. The recent issuance of Decree 5/2024/ND-CP by the Vietnamese Government outlines conditions under which lower import tariffs will be applicable for Cambodian imports. The move is expected to stimulate commerce, building up...

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Vaiko Irrigation Canal Project Nears Completion with 80% Milestone in Svay Rieng Province

The Vaiko Irrigation Canal Phase 2 (Kampong Chrey Reservoir) Project in Svay Rieng province has reached an impressive 80% completion. This milestone was confirmed by HE Ton Vanthara, Secretary of State of the Ministry of Water Resources and Meteorology, during an inspection on 5 February 2024. The comprehensive project encompasses the construction of a canal for water release, dams, and the dev...

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Expanding Coastal Charm: Kampot Plans Two New Beaches Following ASEAN Clean Tourism City Award

In the wake of clinching the prestigious 4th ASEAN Clean Tourism City Award in 2024, the Kampot provincial administration is unveiling ambitious plans for further development. According to the Kampot Provincial Information Department on February 15, 2024, the provincial authorities aim to create two additional beaches, marking a significant step in enhancing the region's tourist appeal. During ...

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Enhancing Connectivity: Stung Treng City Linked to Sesan District with 7 New Bridges

In a significant stride towards improved infrastructure, seven new concrete bridges linking Stung Treng city to Sesan district town have been officially inaugurated. The inauguration ceremony for the DBST rubber road and concrete bridge in Sesan district, Stung Treng province, took place on 14 February 2024. The completion of these bridges marks a substantial milestone in enhancing transportati...

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Canada Elevates Bilateral Ties with Cambodia Through Inauguration of Consulate in Siem Reap

Canada has taken a significant stride in enhancing collaboration with Cambodia with the official opening of a new consulate in Siem Reap, as announced by the Siem Reap Provincial Administration on 13 February 2024. In a ceremony presided over by Mr. Pin Prak, Deputy Governor, and attended by Ms. Ping Kithikone, Ambassador of Canada to the Kingdom of Cambodia, among other dignitaries, the consul...

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University of Digital Economics, Veal Sbov Branch, Valued at Over US$6 Million, Officially Unveiled by PM Hun Manet

The University of Digital Economics and Technology, worth more than US$6 million, built on 6 hectares of land in Veal Sbov Village, Sangkat Veal Sbov, Khan Chbar Ampov, Phnom Penh, has been officially inaugurated. The grand inauguration of the University of Digital Economics and Technology's new branch, an investment exceeding US$6 million, situated on a sprawling 6-hectare campus in Veal Sbov ...

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Siem Reap Provincial Administration Initiates Free Complimentary Bus Service to Thmey Run Ta Ek, Enhancing Community Mobility

In a strategic move to enhance community mobility, the Siem Reap Provincial Administration has announced the launch of a complimentary public transport bus service from Siem Reap to Run Ta Ek Techo Sen and vice versa, effective 15 February. This initiative, per an official announcement dated 12 February 2024, is aimed at facilitating the travel of individuals who have chosen to relocate from th...

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GGEAR Group Revolutionises Electronics Distribution with Cutting-Edge “GGEAR Dealer Portal” App

In a pioneering move, GGEAR Group has unveiled the innovative "GGEAR Dealer Portal," marking a significant leap forward in Cambodia's mobile electronics sector. The GGEAR Dealer Portal is a trailblazing program designed to empower business partners with a seamless experience in downloading electronic products for distribution. This state-of-the-art technology ensures swift and error-free operat...

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Phnom Penh Set to Become Pinnacle Destination for Investors & Tourists with Ambitious Infrastructure Project

In a strategic move to elevate Phnom Penh to new heights of allure for both investors and tourists, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC), in collaboration with relevant ministries and institutions, is spearheading a groundbreaking infrastructure project. During the Inter-Ministerial Meeting on Infrastructure Management in Phnom Penh held on 13 February 2024...

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Vietnam’s Central Bank Affirms No Interest Rate Hike in 2024

In a pivotal announcement, the State Bank of Vietnam (SBV) declared its stance on interest rates for the year 2024, affirming a commitment to maintain current policy rates. SBV Deputy Governor Dao Minh Tu addressed the Vietnam Plus during a press conference on 3 January, outlining the central bank's strategic approach to economic support. Deputy Governor Dao Minh Tu emphasized that there would ...

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Gov’t Launches Special Task Force for Tonle Sap Land Registration to Safeguard Natural Heritage

In a decisive move to protect the invaluable natural resources of the Tonle Sap region, the Cambodian government has issued Decision No. 37, dated 6 February 2024, to establish a dedicated commission for land registration. Recognizing the critical importance of preserving these resources for national identity and the prosperity of future generations, the government aims to ensure clear management ...

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Transformative 2km Dang Kambit Reservoir Project Breaks Ground to Bolster Agriculture in Kampong Thom Province

A momentous occasion unfolded as the groundbreaking ceremony for the Dang Kambit Reservoir Development Project took place in Sre Khsach village, Dang Kambit commune, Sandan district, Kampong Thom province. Presided over by HE Tho Chetha, Minister of Water Resources and Meteorology (MoWRM), on 1 February 2024, this project marks a significant step toward advancing agricultural sustainability and wa...

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