Japan Invests Over USD40 Million in Cambodia in 2024: Strengthening Economic Ties
In a significant boost to bilateral relations, Japan has invested more than USD40 million in Cambodia during the first 10 months of 2024, maintaining its position as the seventh-largest investor in the country. This development was highlighted in a recent report from the Council for the Development of Cambodia, released on November 19, 2024. To […]
Korean Firm Eyes Investment in Cambodian Cashew Processing
Heungkuk Industry, a top manufacturer of construction materials from South Korea, is set to invest in cashew processing in Cambodia. This commitment emerged from a pivotal meeting on November 19, 2024, between HE Vongsey Visoth, Deputy Prime Minister in charge of the Office of the Council of Ministers, Mr. Lee Kee Yun, Director of Heungkuk […]
Remarkable Investment Growth in Cambodia Over the First 10 Months of 2024
Cambodia’s economy is experiencing significant growth in investment. In the first ten months of 2024, the Council for the Development of Cambodia approved 346 new projects totaling over $5 billion, expected to create about 270,000 jobs. HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, reported that investment increased by 38% compared to the […]
Two Chinese Firms to Expand Investment in Cambodia with New Garment Factories
Fortune Rich Trade Co., Ltd. and Ju Wang Footwear Co., Ltd., two prominent Chinese firms, have announced plans to establish additional garment factories in Cambodia, focusing on producing women’s and children’s clothing for international markets. This significant investment initiative was unveiled during a meeting with PM Hun Manet on 6 November 2024 in Kunming, Yunnan […]
Chinese Investment in Cambodian Manufacturing Surpasses USD 9 Billion, with 1,273 Factories Established
Cambodia’s manufacturing sector now hosts 1,273 factories funded by Chinese investors, representing a total investment of over USD 9 billion and accounting for 45.49% of the country’s overall foreign investment capital. The details were highlighted in a meeting between Minister of Industry, Science, Technology, and Innovation HE Hem Vanndy and China’s Ambassador to Cambodia HE […]
ADB Invests USD 80 Million in Climate-Resilient Schools to Transform Cambodian Education
To strengthen Cambodia’s secondary education sector, the Asian Development Bank (ADB) has approved a USD 80 million loan dedicated to constructing climate-resilient school buildings and expanding educational resources across the nation. This update was confirmed in a press release from the Angkor Institute on 31 October 2024. This initiative aims to address Cambodia’s low high […]