Rattanakiri Province Attracts 27 Private Companies for ELC Investment, 85% Vietnamese based

Rattanakiri province, with its favourable geographical and climatic conditions, has attracted a total of 27 private investment companies in the past five years to invest in economic land concessions (ELC), covering over 110,000 hectares. Over 85% of these companies are Vietnamese-based, according to Rattanakiri Provincial Governor HE Nhem Samoeun. Director of the Provincial Department of Agricu...

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Cambodia Produces 6 Tons of Gold from Mondulkiri So Far

Cambodia's first commercial gold miner, Renaissance Minerals (Cambodia) Ltd, has so far refined a total of 6,000 kg of gold ore in the Okvau area of Mondulkiri province's Keo Seima district, according to HE Sorn Sarun, Deputy Governor of Mondulkiri Province. In a press conference on "Success in the past 5 years" of Mondulkiri Provincial Administration on 6 April 2023, HE Sorn Sarun stated that ...

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The Gov’t plans to build a large water treatment plant to supply three provinces in eastern Cambodia

China Civil Engineering Corporation (CHINA CIVIL ENGINEERING CONSTRUCTION CORPORATION) is currently studying the feasibility of building a large water treatment system to supply three major provinces in eastern Cambodia and will be completed by the end of May, according to the meeting between His Excellency Senior Minister Cham Prasidh and the delegation of CCECC on April 3, 2023. TONY WONG, vi...

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Over 32K Land Titles Registered in Ratanakiri Province in the Past 5 Years

The land administration sub-sector in Ratanakiri province has achieved a significant milestone in the past five years, registering more than 32,000 plots through systematic land registration. According to Mr. Ly Usaphea, Director of the Department of Land Management, Urban Planning, Construction, and Cadastral Affairs of Ratanakkiri Province, the registration covers 23 villages in one city and two...

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Cambodia, Laos jointly studies two priority locations to open a new border crossing

Cambodia and Laos have announced plans to open a new border crossing that will connect Phu Vong district in Attapeu province of Laos to Vern Sai district of Ratanakkiri province in Cambodia. The two countries are currently studying two possible locations for the crossing, according to HE Nhem Sam Oeun, Governor of Ratanakkiri Province 4 April 2023. The first location is at post 103 between Vern...

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Cambodia and Korea Sign US$1.6 Billion Concessional Loan Agreements for Development Projects

Cambodia and Korea signed 32 concessional loan agreements worth a total of US$1.6 billion to finance 29 development projects and programs by 2022. This was announced during a courtesy call between HE Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, and HE Park Jung-Wook, Korean ambassador to Cambodia, on 3 April. Under the framework of the concessional loan from 2001...

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New Rehabilitation Center in Poipet Nears Completion, Aiding Victims of Human Trafficking

The New Rehabilitation Center in Poipet, valued at US$2.3 million, is now over 55% complete, with the remaining work scheduled to finish in August 2023. A recent site visit conducted by HE Nhek Vannara, Secretary of State of the Ministry of Social Affairs, Veterans and Youth Rehabilitation, confirmed the progress. The center aims to aid the victims of human trafficking, providing them with hope...

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Ratanakkiri Governor Announces Plans to Build Large Airport Connecting Four Provinces

The Ratanakkiri provincial administration has set aside nearly 1,400 hectares for the construction of a large airport to connect the four contiguous provinces. This was stated by HE Nhem Sam Oeun, Governor of Ratanakkiri Province at the press conference on "Success in the past five years" on the morning of 4 April 2023. HE Governor expressed his commitment to having an airport in Ratanakkiri pr...

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NagaWorld Continues to Thrive, Reporting a Revenue of US$117 Million in Q1 2023

NagaWorld, Cambodia's leading gaming company, reported a revenue of over US$117 million in the first quarter of 2023, a significant increase of 6.8% from last year. This impressive financial result is the highest quarterly profit since 2020, when the Covid-19 pandemic began. According to a quarterly report by NagaCorp, the Hong Kong-based parent company of NagaWorld, the company attributes its ...

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Cambodian Gambling Management Commission breaks ground construction for modern building 

The Cambodian Gambling Management Commission broke ground on the construction of its modern building located in Samdech Pan (214) Street, Boeung Reang commune, Daun Penh district. The groundbreaking ceremony was held on April 5 under the presidency of HE Dr Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance and Chairman of the Cambodian Gambling Management Commission with ...

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Siem Reap’s New International Airport Nears Completion with 92% Project Progress

The new Siem Reap International Airport, located in Tayek commune, Sot Nikum district, is in its final stages of completion, with 92% of the construction project already accomplished as of 31 March 2023. A working group from the General Department of Construction of the Ministry of Land Management, Urban Planning, and Construction inspected the site on 4 April 2023, confirming the project's progre...

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Rattanakiri Complete Over 2600 Development Projects With US$62M Investment in Five Year

In the last five years, between 2018 and 2022, the Rattanakiri province has requested to implement a total of 13 994 development projects which required a total investment budget of US$ 311.85 million. For all that, only 2 614 projects had been completed by using a total capital of US$ 62.46 million. Speaking at a press conference on “Five Years of Success of Rattanakiri Provincial Administrati...

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