Chinese Shoe Factory to Relocate from Myanmar to Cambodia, Citing Political Stability and Investment Incentives

Alvin Su, a Chinese footwear company, has announced its decision to relocate its shoe factory from Myanmar to Cambodia due to the ongoing political crisis in Myanmar, according to a meeting between the Ministry of Labour and the Board of Directors of the shoe company Alvin Sukali on 13 March 2023.   "The main reason for returning to invest in Cambodia is because Cambodia has peace, political st...

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Siem Reap Takes Serious Action Against Air Pollution with New Measures

Siem Reap provincial authorities have implemented a series of measures aimed at reducing air pollution in the area. In a recent instruction dated 7 March 2023, the province has set out specific steps to prevent and control air pollution in the region.  Among the measures included in the instruction are:  Measures to prevent forest fires, grassland fires, garbage incineration, and solid was...

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MOI Instructs Phnom Penh Authority to Regulate Parking Lots and Stop Construction on Public Land

HE Sar Kheng, Deputy Prime Minister and Minister of the Ministry of Interior, has instructed the Phnom Penh Capital Administration to organise public parking lots in various locations and prevent illegal construction and business activities on public or roadside land. This instruction was given during the closing ceremony of the Phnom Penh Capital Administration's 2022 Performance meeting on 10 Ma...

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Vietnam Invests Nearly US$76m to Connect Quang Nam Province to Cambodia, Laos, and Thailand

Vietnam is set to invest over US$75.8 million to construct a 90km road upgrade project connecting Quang Nam province to the Central Highlands region and neighbouring countries: Lao, Cambodia and Thailand.  The project, which was launched by the transport ministry and provincial People’s Committee, will renovate 74km of NR14E from 2021 to 2025, with the rest of the route connected to NR1 and the...

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CDC Approves Three New Projects Worth US$15.2m in Svay Rieng, Kampong Speu & Phnom Penh

The Council for the Development of Cambodia (CDC) has given the green light for three new investment projects in the country's manufacturing sector, with a combined value of US$15.2 million. According to the CDC, the projects are set to create 3,365 jobs across Kampong Speu, Svay Rieng, and Phnom Penh.  DUN TAI GARMENT (CAMBODIA) CO., LTD, plans to establish a garment factory in Kampong Speu wi...

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Russians Overtake Chinese to Become Biggest Phuket Condo Buyers as Russia-Ukraine War Continues

Amidst the ongoing conflict between Russia and Ukraine, Russian investors have become the leading purchasers of condominiums in Phuket, Thailand, overtaking Chinese buyers from the top spot.   “Last year, Russians became the leading purchasers of condominiums on the island, dislodging Chinese buyers from the top spot. According to Thailand’s Real Estate Information Centre, 40% of all condos in ...

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Pursat Province has 49 Mining Businesses & Over 1K Enterprises Operating

Pursat province has 49 mining businesses, including sand dredging, red clay chalk, construction stone, and marble while more than 1,000 enterprises linked to the sector rare currently operating in the province, as reported by HE Khoy Rida, Pursat Provincial Governor, on 7 March 2023.  Of the 1,162 companies and enterprises in the province, there are 292 private companies, 482 sole proprietorshi...

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Phnom Penh Records Over US$320m Tax Revenue in 2022, Property Tax Contributes Over US$26m

The total tax revenue in Phnom Penh exceeded expectations, reaching over 1,298 trillion Riels, equivalent to more than US$320 million, or 115.46% of the plan, according to the 2022 annual report on the performance of the Phnom Penh Capital Administration.  The report also revealed that property tax contributed significantly to the total revenue, with 108.83 billion Riels, equivalent to more tha...

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France Provides €500K Grant for Feasibility Study of Bak Kheng Water Supply Phase 3

The French Ministry of Economy has granted around Euro 500,000 to the Phnom Penh Water Supply Authority for the feasibility study of the third phase of the Bak Kheng water supply project.   This grant was confirmed during the signing ceremony of the cooperation agreement on 9 March with the participation of HE Long Naro, Director General of Municipal Water Supply Authority, the French Ambassado...

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PM Hun Sen: Cambodia Aims to Be the World’s Largest Cashew Nuts Exporter

Cambodian Prime Minister Hun Sen has expressed his support for the domestic cashew production industry to drive Cambodia to become the world's largest producer of cashew nuts.   During his speech at the 7th River Festival in Kampong Thom province, PM Hun Sen emphasised the potential of Cambodia's cashew products, stating that they are of good quality and can supply the domestic market as well a...

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US$231m Stung Pursat Hydropower Project to Operate in April 2026

The Stung Pursat 1 hydropower project, which has a capacity of 80 MW and is being built by a Korean company at the cost of over US$231 million, is scheduled to become operational in April 2026.   Pursat Provincial Governor HE Khoy Rida also announced plans to build two more projects, with the second possibly located above the first project and the third at the Pursat-Kong border, to serve the n...

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Phnom Penh Approves Over 1,000 Construction Projects Valued at US$600m in 2022

According to the 2022 annual report on the performance of the Phnom Penh Capital Administration, more than 1,000 construction projects worth a total of US$600m were approved in Phnom Penh in 2022. The report stated that 1,139 construction projects were granted permits, covering a total area of 1,215,988 square metres.  The number of approved projects increased by 8.47% compared to the previous ...

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