Cambodia and Vietnam Forge Closer Tourism Ties with Feasibility Study to Connect Phu Quoc and Key Cambodian Destinations

In a landmark development for regional tourism, Cambodia and Vietnam have embarked on a joint feasibility study to establish connectivity between the idyllic island of Phu Quoc (or Koh Tral) and two prominent tourist destinations in Cambodia. This significant agreement was formalized through the signing of a Memorandum of Understanding between the Ministry of Tourism of Cambodia and the Ministry o...

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Groundbreaking Ceremony Marks Commencement of US$138 Million Tire Factory Construction in Kratie

In a momentous occasion for the industrial landscape of Kratie province, the construction of NEWBUSTAR (Cambodia) Tire Co., Ltd's state-of-the-art car tire factory, with a staggering investment of US$138 million, officially commenced on 9th May 2023. The auspicious groundbreaking ceremony, graced by the presence of HE Wat Thorn, the esteemed Governor of Kratie Province, and Mr. Chhay Yon Son, P...

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Darasakor International Port, inaugurate in this year, Set to Transform Koh Kong’s Maritime Landscape

Amidst great anticipation, the inauguration of an internationally acclaimed seaport in Koh Kong province is fast approaching, with plans to commence operations in the middle of this year. The private-owned port, built to impeccable global standards, is set to revolutionize maritime activities in the region, bolstering trade and commerce. Led by Deputy Governor of Koh Kong Province, I Narynet, a...

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Gov’t Greenlights Two Thriving Investment Projects Worth US$10.14 M, Boosting Economic Growth

The Investment Committee of Cambodia, under the esteemed Council for the Development of Cambodia (CDC), has unveiled its endorsement of two promising investment ventures, totaling an impressive sum of over US$10.14 million. These ventures will usher in the establishment of factories in the vibrant provinces of Kampong Speu and Phnom Penh, as officially announced by the CDC on May 5, 2023. The f...

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Cambodia and Japan Plan to Establish More Private Business Centers as Trade Volume Exceeds US$2.4 Billion

The bilateral trade volume between Cambodia and Japan is set to surpass US$2.4 billion in 2022, prompting discussions to establish more Cambodian private business centers by 2023. This was announced during the opening ceremony of the "Cambodia Expo 2023" event held in Tokyo on May 3, 2023. According to HE Chhuon Dara, Minister Delegate to the Prime Minister and Secretary of State of the Ministr...

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Exclusive Bus Lines Launched by Government for Seamless Access to Phnom Penh’s Spectacular SEA Games

To ensure hassle-free transportation for national and international visitors attending the highly anticipated 32nd Southeast Asian Games and the 12th ASEAN Para Games 2023, the Phnom Penh Capital Administration has introduced two dedicated express bus lines. This announcement, made on 5 May 2023, underscores the government's commitment to providing convenient and efficient travel options during th...

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JICA funds US$167 M to Advance Rural Connectivity with Over 500km Road Improvement Project

The Government of Japan, through the Japan International Cooperation Agency (JICA), is poised to inject US$167 million into funding projects aimed at enhancing the quality of over 500 kilometers of rural roads across four targeted provinces in northwestern Cambodia. The plans were unveiled by HE Ouk Rabun, Minister of Rural Development, and Mr. Sanui Kazumasa, the newly appointed President of JICA...

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Australia Collaborates with Cambodia to Establish Groundbreaking Agri-Food Industrial Park for Enhanced Competitiveness

In a groundbreaking partnership, Australia is teaming up with Cambodia to establish the country's first Agri-Food Industrial Park (AIP) with the aim of enhancing market competitiveness. The Australian Embassy officially announced this significant collaboration on 3 May 2023 through their official Facebook page. The Agri-Food Industrial Park will serve as a hub for Agri-Food processing, research...

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US$165M Hong Kong -Phnom Penh Submarine Cable to Complete in 2024

The Hong Kong-Phnom Penh submarine fiber-optic cable project, valued at over US$165 million and spanning 2,715 kilometers, is set to be completed in 2024, addressing Cambodia's increasing demand for reliable internet access. This significant development was announced by Minister of Post and Telecommunications, Chea Vandeth, during the signing ceremony of the Memorandum of Understanding for Coopera...

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Royal Railway and Three Companies Sign MOU to Develop Land Along Railway Line

Royal Railway Cambodia PLC, a subsidiary of Royal Group, has signed a Memorandum of Understanding (MOU) on April 28 with Samaiden Energy (Cambodia) Co., Ltd., Management Venture Asia (Cambodia) Ltd., and Panna Energy Sdn. Bhd. to conduct a feasibility study on the potential for renewable energy and other sustainable economic activities along the unused land along the railway line from Poipet to Si...

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