Korea grants US$ 10 million to develop 30 villages in northwestern Cambodia
The Government of Korea, through the Korea International Cooperation Agency (KOICA), has allocated US$10 million to support the development of 30 villages in Battambang, Banteay Meanchey, and Pailin provinces over five years, from 2022 to 2026. The project, known as the “Peace Village Building Project through Diversified Rural Community Development (VDP)”, aims to improve the […]
The construction of the New National Assembly building (under Vietnam’s grant US$25m) was completed at 57%
The construction project for the new National Assembly building of Cambodia is valued at US$25 million and is being funded by Vietnam. As of now, the project is 57% completed. The committee overseeing the project, chaired by National Assembly President Khuon Sodary, recently met on the morning of July 31, 2024, to discuss its progress. […]
Golden Port SEZ to Establish 270-Hectare SEZ Along Sihanoukville Expressway
Golden Port SEZ Development Co., Ltd. has unveiled plans to establish a 270-hectare special economic zone along the Phnom Penh-Sihanoukville Expressway, aiming to bolster industrial diversification in Cambodia. The announcement was made following a meeting on 29 July 2024 between Mr. Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Kaing Leng, Chairman […]
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 […]
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 […]
Cambodia Approves Over US$3bn in 190 New Projects in Six Months, Kampong Speu Leads in Investment
In the first half of 2024, the Council for the Development of Cambodia (CDC) approved 190 new investment projects, production expansion projects, and special economic zone investments, totalling US$3.2 billion and creating 168,572 jobs. This marks an increase of 77 projects and more than US$2 billion in investment capital compared to the same period in […]