Local News
PM Hun Sen Sets Ambitious Goal for Cambodia’s Economic Advancement, to be a high middle income country by 2030
Prime Minister Hun Sen has unveiled an ambitious vision to propel Cambodia towards achieving high-middle-income status by 2030, reinforcing the government’s commitment to sustainable development. During a momentous graduation ceremony at the Royal University of Law and Economics on June 5, the Prime Minister expressed confidence in Cambodia’s ability to surpass the challenges posed by […]
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Cambodia Enhances Connectivity with Inauguration of Stung Prek Tnaot Bridge and Road
The Cambodian government recently celebrated the official inauguration of a new concrete bridge and road crossing the Stung Prek Tnaot tributary. The momentous event took place on June 4, 2023, under the distinguished presence of HE Dr. Men Sam An, Deputy Prime Minister and Minister of National Assembly-Senate Relations and Inspection. The newly unveiled concrete […]
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Korean Firm Explores Potential for Expansive Car Park Development in Sihanoukville with 5hectares of land
In a bid to alleviate traffic congestion and enhance urban infrastructure, a reputable Korean company has initiated a comprehensive study to invest in the construction of a vast 5-hectare car park in Sangkat 1 of Sihanoukville. Mr. Touch Sotharith, Deputy Director General of the General Department of Land Transport, confirmed this exciting development on 2nd […]
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Chinese Firm Secures Contract to Develop Pumping Station for Key Cambodian Provinces
In a significant development for Cambodia’s water sector, the renowned Beijing Urban Construction Group Co., Ltd (BUCG), a prominent Chinese state-owned company, has been awarded the contract to conduct a comprehensive feasibility study and design a cutting-edge pumping station. The station will harness water resources from the mighty Mekong River, incorporating advanced water treatment systems […]
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Cambodia Witnesses Surge in Industrial Growth: Nearly 60 New Factories Registered in 2023
In a remarkable display of industrial expansion, the Ministry of Industry, Science, Technology and Innovation has registered an impressive 58 new industrial plants as of May 2023. This development propels the total number of operational industrial factories in Cambodia to a noteworthy 1,999. Highlighting the robust performance of the industrial sector, HE Heng Sokkung, Secretary […]
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Efficiency Enhanced: Port EDI System Mandated for Ships Entering Cambodian Ports
Cambodia government has recently implemented a significant regulatory measure, mandating that all ships entering Cambodian ports, including the Phnom Penh Autonomous Port, Sihanoukville Autonomous Port, and other ports, must apply for a permit through the Port Electronic Data Exchange (Port EDI) system. This initiative, established under Sub-Decree No. 112 issued on 1st June 2023, aims […]
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WANLI TIRE, A Giant company from Guangzhou China, Explores Lucrative Investment Prospects in Cambodian Tire Production
In a significant move that could boost Cambodia’s manufacturing market, WANLI TIRE CORPORATION LIMITED, a prominent tire manufacturer based in Guangzhou and Hebei, People’s Republic of China, has expressed keen interest in investing in tire production within Cambodia. During a meeting held on May 30, 2023, HE Chea Vuthy, Deputy Secretary General of the Cambodian […]
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Cambodia Attracts Major Investments: Electric and Office Furniture Factories Set to Boost Economic Growth
In a significant development for Cambodia’s industrial landscape, the Council for the Development of Cambodia (CDC) has granted investment project registration certificates to three companies, signaling a combined investment worth US$23.2 million. The Board of Investment of Cambodia, under the CDC, announced these investments in Svay Rieng and Sihanoukville on May 30, 2023. Among the […]
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IFC Initiates Study for Sihanoukville Logistics Center, Paving the Way for Enhanced Trade Connectivity in Cambodia
The Sihanoukville Logistics Center (SLC) project is set to transform trade and logistics in Cambodia, with the International Finance Corporation (IFC) of the World Bank leading the study. Following signing an agreement with the Ministry of Public Works and Transport in April, the project is on track for completion by the end of November. In […]
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S. Korea and Cambodia Forge Stronger Partnerships in Logistics Development
South Korea is set to bolster its collaboration with Cambodia in advancing the development of the logistics sector, with a focus on attracting Korean investors to the Kingdom. This vision was discussed during a meeting between HE Sun Chanthol, Minister of Public Works and Transport, and HE Park Jung-Wook, the newly appointed Korean Ambassador to […]
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