Cambodia has nearly 2,000 industrial plants worth US$16 billion in 2022
Cambodia has 1,982 factories in operation by 2022 with a total investment capital of US$16.6 billion, according to a report from the Ministry of Industry, Technology, Science and Innovation. From January to December last year, the ministry registered 186 new factories and enterprises, while only 168 new factories opened in 2021. 83 factories closed in […]
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Korean investors allowed to own 100% share of private companies in Cambodia
The Cambodian government has allowed Korean as well as other foreign investors to own 100% of the shares without requiring local shares, Cambodia Prime Minister Samdech Hun Sen emphasized the incentive while urging more foreign investment. PM Hun Sen gave that statement during the meeting with former Deputy Prime Minister of South Korea Dr Ou […]
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Chinese display maker BOE to invest US$400m to build two factories in Vietnam
Chinese display maker BOE Technology Group Co Ltd, a supplier of both Apple Inc and Samsung Electronics Co Ltd, plans to invest up to US$400 million to build two factories in Vietnam. According to Reuters, BOE is in talks to rent dozens of hectares of land in north Vietnam to add to its relatively small […]
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CSX Raises Over US$54million in Capital in 2022, 133% Y-o-Y Increase
In 2022, the Cambodia Securities Exchange (CSX) raised a total capital of over 222 billion riels or US$ 54 million, an increase of 133% compared to 2021, according to a press release by CSX on 11 January 2023. Most of this capital came from the issuance of bonds, of which corporate bonds accounted for 63% […]
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Cambodia to name a coastal road “Cambodia-Maldives Friendship Road”
A road in a coastal province will be chosen to name “Cambodia-Maldives Friendship Road” to show the friendly relations between Cambodia and the Republic of Maldives. Cambodian Prime Minister Samdech Hun Sen stated on 16 January during his official visit to Maldives that one of the roads in the coastal area will be chosen and […]
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Gov’t Establishes 29 New Villages in Kratie Province
The Ministry of Interior has established 29 new villages in Kratie province’s Snuol district to facilitate local management and development. According to Prakas No. 6946, these new villages are taken from existing villages of some communes of Snuol district, including: – Dangrek village and Trapeang Chhouk village in Khum commune – Samaki village, Rovieng Chey […]
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Experts optimistic about Cambodia’s real estate recovery in 2023
Despite the Covid-19 crisis and the global economic crisis, local real estate experts have expressed optimism over the recovery of Cambodia’s real estate market in 2023. President of KW Cambodia Oknha Kim Heang said that in the last three years from 2020 to 2022, many real estate companies have closed due to the impact of […]
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Battambang selected as the city with best new year celebration events
Battambang province was ranked No. 1 in the “City with the best New Year Celebration” competition, according to the announcement of the National Committee for Clean City Assessment on 10 January. The evaluation is made on the new year events held from 31 December 2022 to 2 January 2023) by allowing the public to vote […]
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Construction of US$35m Russey Keo bridge 93% Complete
As of 16 January, the construction of the Russey Keo cable bridge across the Tonle Sap River has been 93% completed. The main structure of the bridge has already been completed with both sides connected. The structure completion ceremony was held on 16 January under the presidency of Phnom Penh Governor Khuong Sreng and OCIC […]
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Japan Assists Cambodia in Planning Urban Water Supply Development
The Ministry of Industry, Science, Technology, and Innovation, in collaboration with the Japan International Cooperation Agency (JICA), will co-develop an urban water supply development plan. The agreement was signed between the two parties on 12 January 2023. The project will be implemented in mid-2023 when both parties will draft guidelines for the development of the […]
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Accor to Launch Cambodia’s First Ibis Budget Hotel in Q1 2023
Renowned hotel group Accor will open the first Ibis Budget hotel in Cambodia, Ibis Budget Phnom Penh Riverside, in the first quarter of 2023. According to Travel News Asia last week, the Cambodian Overseas Investment Company (OCIC) of Neak Oknha Pung Kheav Se owns the new hotel. “We are happy to be able to propose […]
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Cambodia Receives Over US$4bn FDI in 2022
In 2022, Cambodia received foreign investment inflows worth US$4.6 billion, an increase of 7.5% compared to 2021, according to the report of the Council for the Development of Cambodia. Foreign direct investment (FDI) in the SEZ accounted for 27%, while investments outside the SEZ accounted for 73%. Meanwhile, in 2022, local investors had a total […]
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