Gov’t Pledges to Finish Master Plan for Sihanoukville SEZ by Mid-2023
The Cambodian government has announced its commitment to complete the master plan for Sihanoukville's multi-purpose special economic zone (SEZ) by mid-2023. The inter-ministerial working group met to discuss the draft report of the second phase of the "Master Plan," which includes 1. Economic development, industry, and industrial land management, 2. Labor market and vocational training, 3. Spec...
Read MoreGCF Approves $42.8 Million Project to Support Tonle Sap Farmers
The Green Climate Fund (GCF), one of the world's largest climate fund, has approved a $42.8 million project, in partnership with the Food and Agriculture Organization of the United Nations (FAO) and two Cambodian ministries, to support farmers in the northern Tonle Sap region of Cambodia. The project, titled “Public-Social-Private Partnerships for Ecologically-Sound Agriculture and Resilient Li...
Read MoreAs of 2023, Cambodia has more than 1,200 farming communities worth over US$ 26m
Cambodia's agricultural communities have grown to 1,251 in number, with a total investment capital of over US$26 million, according to the closing ceremony of the Agricultural Community Work Conference 2022 and the direction for 2023 on 14 March, 2023. The communities, consisting of 170,208 members, 107,380 of whom are women, engage in agricultural production, agribusiness, agro-industry, and t...
Read MoreAngkor Wat Named Best Place to Watch Sunrise in the World in 2023
In a recent poll conducted by morninglife.co.uk, Angkor Wat of Cambodia has been voted as the "Best Place to See the Sunrise in the World" in 2023, according to data gathered from US tourism website Trip Advisor reviews. The iconic temple received a total of 10,404 votes, more than double the votes of the second-ranked Haleakala Crater in America, which received only 3,933 votes. The website ...
Read MoreCambodia Demines Ten Areas, with 15 Provinces Remaining
As of March 2023, the Cambodian government has cleared ten mine-affected areas in the provinces and cities, with only 15 provinces left to be demined. Kandal province was recently declared the 10th demining province on March 13, 2023, according to HE Aun Porn Moniroth, Minister of Economy and Finance, and HE Kong Sophoan, Governor of Kandal Province. In a statement, the Minister congratulated K...
Read MoreGermany’s Build4People Project Proposes Key Strategies to Transform Chbar Ampov to a Green Residential Area
Germany has helped develop six key strategies to transform Chbar Ampov into a model green residential area in Phnom Penh. This was unveiled during the "Sustainable Housing Project for People (Build4People)" workshop held from 26 February to 3 March 2023. Build4People is a joint venture between the Phnom Penh administration and the Government of the Federal Republic of Germany, with additional supp...
Read MoreJapan Provides Over US$200K to Build Bridge & Strengthen Chicken Production in Cambodia
The government of Japan has granted a total of US$209,197 for a bridge construction project and a project to strengthen the value chain of Khmer chicken production in Cambodia. The signing ceremony of the grant agreement between HE U Inu Atsushi, Ambassador of Japan to Cambodia, and the representative of the recipient institution took place on 14 March 2023. The Grants for Small-Scale Human Se...
Read MoreCGCC to Lend Over US$100m to More Than 10K businesses by February 2023
The Credit Guarantee Corporation of Cambodia (CGCC) announced on 10 March 2023 that it had provided credit guarantees to 1,155 companies with a loan amount of around US$104.9m by the end of February 2023. This marks an increase of US$15.9m from the previous year's loan amount of US$89m. Of the 1,155 businesses, 81 were large companies, while 1,074 were small and medium-sized enterprises. Among ...
Read MoreGov’t Drafts Law to Boost Inland Shipping Competitiveness
The Ministry of Public Works and Transport is working on a draft law to promote inland waterways and ports, to boost the competitiveness of Cambodia's ports with other regional and international players. HE Sun Chanthol, Minister of Public Works and Transport, instructed the technical working group to refine the draft law during a meeting on 13 March 2023, to ensure the development of the wat...
Read MoreCambodia Seeks China’s Assistance to Build Five Roads for New Economic Pole Development
Cambodian Prime Minister Hun Sen has requested China's assistance in constructing five crucial roads in the northwestern and western provinces of Cambodia to hasten the establishment of the fourth economic pole. The pole is expected to cover four provinces, namely Pursat, Battambang, Banteay Meanchey, and Pailin. During a meeting with people in the Stung Pursat 1 Dam area on 14 March, Hun Sen...
Read MoreCambodia Eyes Boost in Chinese Tourist Arrivals through Kunming-Vientiane Railway
Cambodia is aiming to attract more Chinese tourists through the Kunming-Vientiane high-speed railway, in a bid to revive its tourism sector. The affordable fee for train services and the cooperation on travel policies, including the permit for tourists to drive across Cambodia-Lao borders, are expected to increase the reciprocal flow of tourists. Minister of Tourism, HE Thong Khon, stated tha...
Read MoreGov’t Pushes for Renewable Energy Investment to Meet Growing Demand
Cambodia's Prime Minister, Samdech Hun Sen, has emphasised the importance of investing in renewable energy to meet Cambodia's growing electricity demand. Speaking at a get-together with people on 14 March in Veal Veng district, Pursat province, Samdech Hun Sen highlighted that electricity is not only a necessity of daily consumption but also a major industrial demand for Cambodia's economic g...
Read More