Cambodia’s Iron and Steel Imports Jump 11% to US$93 Million in Q1 2023

Cambodia's imports of iron and steel amounted to US$93 million in the first quarter of 2023, up 11% from the same period last year. The two products were included in the list of top 20 commodities imported in March 2023, according to the General Department of Customs and Excise, The import of iron and steel accounted for 1.6% of the total import value of US$34.2 billion, indicating that the con...

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Chinese Mining Company to Launch Gold Production in Mondulkiri Province

Rong Cheng Industrial Investment Co., Ltd., a Chinese-based company, is set to commence gold exploration and refining in Mondulkiri province after completing its production infrastructure. According to HE Sorn Sarun, Deputy Governor of Mondulkiri Province, the company has been granted a legal license to explore gold ore in the province, and has already conducted test production, yielding over 2 ki...

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New Road Connecting Monivong Bokor National Park to NR4 Completed 100%

A new road connecting Monivong Bokor National Park to National Road No. 4 has been completed 100% as of 9 April 2023. According to the direct inspection of the construction site by Duke Dr. Sok Kong on 1 April 2023, the road with a total length of 61 km is expected to open soon. The new road connects National Road No. 4 at km 158+200 to Bokor Mountain through the economic land concession of the...

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Gov’t takes serious action to resolve stagnant projects in Sihanoukville

The Cambodian government has unveiled a comprehensive package of measures aimed at restoring investor confidence and stimulating market demand for resolving stagnant investment projects in Sihanoukville. In a letter No. 356 from the Office of the Council of Ministers dated 29 March 2023, the government outlined a specific action plan and defined the scope of the term "frozen investment project"...

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AEON 3 Mall worth US$290 million officially opened

AEON (Cambodia) Co., Ltd. has opened its third shopping mall, AEON Mall Meanchey, located on Samdech Techo Blvd. in Phnom Penh. The grand opening ceremony was held on 7 April 2023, with HE Dr HUN Manet in attendance. After four months of trial operation, the mall is officially open to the public. The AEON 3 shopping mall project is the largest of the three AEON shopping malls in Cambodia, with ...

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Prince Group Announces Plans for 88-Meter-High Buddha Statue in SHV

Canopy Sands Development Co., Ltd. has announced plans to build an 88-meter-high Buddha statue in Ream Commune, Preah Sihanouk Province. The statue, which will be the third project of its kind, is part of the company's ongoing efforts to promote Khmer culture and architecture in Cambodia. This 88-meter-long Buddha statue will be erected in Ream Commune, Preah Sihanouk Province. According to the...

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Cambodia Produces 6 Tons of Gold from Mondulkiri So Far

Cambodia's first commercial gold miner, Renaissance Minerals (Cambodia) Ltd, has so far refined a total of 6,000 kg of gold ore in the Okvau area of Mondulkiri province's Keo Seima district, according to HE Sorn Sarun, Deputy Governor of Mondulkiri Province. In a press conference on "Success in the past 5 years" of Mondulkiri Provincial Administration on 6 April 2023, HE Sorn Sarun stated that ...

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The Gov’t plans to build a large water treatment plant to supply three provinces in eastern Cambodia

China Civil Engineering Corporation (CHINA CIVIL ENGINEERING CONSTRUCTION CORPORATION) is currently studying the feasibility of building a large water treatment system to supply three major provinces in eastern Cambodia and will be completed by the end of May, according to the meeting between His Excellency Senior Minister Cham Prasidh and the delegation of CCECC on April 3, 2023. TONY WONG, vi...

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Cambodia, Laos jointly studies two priority locations to open a new border crossing

Cambodia and Laos have announced plans to open a new border crossing that will connect Phu Vong district in Attapeu province of Laos to Vern Sai district of Ratanakkiri province in Cambodia. The two countries are currently studying two possible locations for the crossing, according to HE Nhem Sam Oeun, Governor of Ratanakkiri Province 4 April 2023. The first location is at post 103 between Vern...

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Cambodia and Korea Sign US$1.6 Billion Concessional Loan Agreements for Development Projects

Cambodia and Korea signed 32 concessional loan agreements worth a total of US$1.6 billion to finance 29 development projects and programs by 2022. This was announced during a courtesy call between HE Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, and HE Park Jung-Wook, Korean ambassador to Cambodia, on 3 April. Under the framework of the concessional loan from 2001...

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