Surge in Foreign Investment Bolsters Vietnam’s Real Estate Market
Vietnam’s property market is witnessing a significant surge in foreign investment, fuelled by favourable economic conditions, legal reforms, and strategic infrastructure development. In the first five months of 2024, foreign investors poured nearly US$1.98 billion into the property sector, marking a 70% year-on-year increase, according to VnExpress International. This influx of capital underscores the growing […]
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Cambodia Connects Over 1.3 Million Households to Clean Water Network by Mid-2024
By the first half of 2024, the Cambodian government has successfully connected the water supply network to more than 1.3 million households, out of a total of 3.555 million houses across the country. This achievement, assuming one connection per house, marks a significant milestone in Cambodia’s infrastructure development, according to Ministry of Industry, Science, Technology […]
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Indonesia Implements Cloud Planting Techniques to Mitigate Rain Impact on New Capital Construction
Indonesia is employing climate modification techniques known as cloud seeding to reduce heavy rains that have impeded the construction of its future capital, Nusantara. The new city, set to open on 17 August 2024, aims to alleviate issues faced by the current capital, including heavy traffic congestion and potential flooding, according to Business Times on […]
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Gov’t Plants 4,500 Palm Trees Along Cambodia-Vietnam Border to Promote ‘Annual 9 July Planting Day’
Kampot provincial authorities have planted 4,500 palm trees along a 3-kilometre stretch of the Cambodia-Vietnam border road in Koh Veng, Koh Chamkar village, Boeung Sala Khang Tbong commune, Kampong Trach district. This initiative took place on 21 July 2024 to celebrate the “Planting Day”, held annually on 9 July to enhance historical significance and promote […]
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Cambodia National Bank Reports Loan Disbursement to Real Estate & Construction Continues to Surge
Loan disbursement from banking institutions to the construction and real estate sectors continues to grow significantly, with the sectors projected to see slow growth in 2024. As of the first half of 2024, loans to real estate trading activities reached US$5,996 million, accounting for 11.3% of the total outstanding loan amount of US$52.8 billion. This […]
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Experts Predict Recovery for Phnom Penh Real Estate Market with Strategic Adjustments
The Phnom Penh real estate market is currently undergoing a necessary correction phase, which is painful yet vital for moving forward to the next cycle. This correction is seen as a necessary step to stabilize the market and prepare it for future growth, according to Ms. Kim KinKesa, Managing Director of CBRE Cambodia in a […]
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Thailand Accelerates Completion of 873km High-Speed Rail Project Linking Bangkok to China’s Kunming
Thailand is fast-tracking the development of an 873-kilometre high-speed rail project that will connect Bangkok with the Lao-China railway, significantly easing the transport of people and goods from Bangkok to Kunming, the capital of China’s Yunnan Province. The project, estimated to be worth between US$5 billion and US$9.9 billion, is expected to be completed in […]
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Gov’t Restricts Casino Operations in Kep & Kampot, Allowing Exceptions in Two Areas
The Cambodian government has officially restricted casino operations in Kep and Kampot provinces to only two designated areas: Bokor Mountain and Prek Chak. This decision is outlined in Sub-Decree No. 110 dated 11 June 2024. The decision aims to foster diversified investment in sectors such as hotels and hospitality, manufacturing, agro-industry, trade, and special economic […]
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Vietnam Seeks China’s Expertise for High-Speed Rail & 1,500 km North-South Railway Project
Vietnam is seeking China’s support for the development of its high-speed rail network, including the China-Vietnam cross-border railway project, to enhance trade between the two countries. On 25 June 2024, VnExpress reported that Vietnamese Prime Minister Pham Minh Chinh conveyed this request to Lou Qiliang, Chairman of China Railway Signal Information, during the World Economic […]
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VinFast Invests US$200m in New Indonesian Plant, Aiming for 50,000 Cars Annually
Vietnamese electric vehicle (EV) maker VinFast has committed US$200 million to establish a new manufacturing plant in Subang, West Java, Indonesia. The facility, which will have the capacity to produce up to 50,000 cars annually, will feature a general assembly line, paint shop, and special test area, creating thousands of local jobs. This information was […]
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Gov’t Introduces Fees for First Systematic Land Registration
The Cambodian Government has mandated the Ministry of Land Management, Urban Planning, and Construction to manage the revenue collection for the first systematic cadastral registration fee, aiming to accelerate land registration completion within two to four years. This directive is outlined in Sub-Decree No. 158, dated 15 July 2024. This sub-decree empowers the ministry to […]
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Hyundai Open First EV Battery Plant in Indonesia, First in ASEAN, Aiming to Supply 150,000 Vehicles Annually
Hyundai has launched its first electric car battery plant in Indonesia in partnership with LG Energy Solution, setting a significant milestone in its global supply chain strategy. The new facility, capable of supplying around 150,000 Hyundai and Kia electric vehicles annually, began operations on 3 July 2024, according to Asia.nikkei.com. With an operational capacity of […]
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