Land Grant Initiative for Poor Families in Stung Treng Province
In a significant move to support impoverished communities, Prime Minister Hun Manet has announced a land grant initiative to provide 1,000 poor families in the Ousev area of Stung Treng province with essential residential and agricultural land. Each family will receive 3 hectares of land, marking a vital step towards poverty alleviation and community development. […]
Vietnam’s USD 67 Billion High-Speed Rail Project Charts Independent Path, Shunning Foreign Investment
In a groundbreaking move that signals Vietnam’s growing economic confidence, the Vietnamese National Assembly has approved an ambitious USD 67 billion high-speed rail network connecting Hanoi to Ho Chi Minh City, with the revolutionary decision to fund the megaproject primarily through domestic sources rather than traditional foreign investment, according to an announcement from the National […]
Government Revives Stalled Projects in Sihanoukville
The Cambodian government is taking significant steps to revive 42 stalled projects in Sihanoukville province, totaling an investment capital of $564 million. This initiative is part of the ongoing effort to revitalize the coastal region and encourage the resumption of major developments. During the 13th meeting on the “Special Program to Promote Investment in Sihanoukville […]
Cambodia Boosts Agricultural Irrigation Capacity by Nearly 2 Million Hectares by 2024
In a significant advancement for its agricultural sector, Cambodia has successfully increased the irrigation capacity of its agricultural land by approximately 1,969,843 hectares as of 2024. This achievement is part of the Cambodian government’s ongoing efforts to enhance irrigation systems nationwide, ensuring access to vital resources for its citizens. During a meeting of Senate Committee […]
Cambodian Government Exempts Local Cement Industry from Special Tax for Two Years
The Royal Government of Cambodia has announced a significant measure to support the local cement industry by waiving the special tax for a period of two years. This decision, outlined in a Prakas from the Ministry of Economy and Finance dated 14 January 2025, is aimed at easing the financial burden on the industry. During […]
Cambodia to Issue 500 Billion Riels in Securities to Balance National Budget in 2025
In a strategic move to bolster its national budget, the Cambodian government has announced plans to issue an additional 500 billion riels in state securities in 2025. This decision, revealed in a press release dated 23 December 2024, aims to enhance investment capabilities while ensuring fiscal stability. The Ministry of Economy and Finance will conduct […]