Construction Focus
Credit to Construction & Real Estate Sector Rises to US$14bn as of H1 2022: NBC
As of June 2022, total loans provided to the private sector reached over US$51.5 billion, a growth of 23.4% year on year. Among all sectors, loans provided to construction and real estate represented 32%, or approximately US$14 billion. According to the National Bank of Cambodia (NBC)’s report published on 25 July, for banking institutions, personal […]
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Tbong Khmum Customs & Excise Office Officially Inaugurated
The administrative building, residential building, and infrastructure at the Customs and Excise Offices in Tbong Khmum province were officially inaugurated on 28 July 2022. The ceremony was presided over by HE Aun Porn Moniroth, Deputy Prime Minister, Minister of Economy and Finance, accompanied by HE Cheam Chansophoan, Governor of Tbong Khmum province. That Customs and […]
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MISTT Accelerating Drafting of Law on Science, Technology & Innovation Park Establishment
The Ministry of Industry, Science, Technology, and Innovation is accelerating the drafting of a sub-decree on the establishment and management of science, technology, and innovation (STI) parks to attract investment technology companies. The ministry recently held inter-ministerial technical meetings with relevant parties and the private sector to review and provide inputs on the draft sub-decree […]
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New US$300-million Tyre Production Factory to Be Built in 2023 in Sihanoukville SEZ
SIHANOUKVILLE SPECIAL ECONOMY ZONE CO., LTD plans to build a new tyre production factory worth over US$300 million in H1 of 2023 in Sihanoukville SEZ, according to a meeting between Minister of Ministry of Labour and Vocational training, HE Ith Samheng and Mr Chhin Chien Kang, Chairman of the Board of Directors on 28 July […]
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Korea to Support Cambodia with Smart Water Management Technology Equipment in Phnom Penh
Well-known Korean company Greentech Inc. has shown strong cooperation to develop intelligent technology to manage the water supply sector as an initial first step with the Phnom Penh Water Supply Authority. The cooperation was discussed during a meeting between HE Cham Prasidh, Minister of Industry, and the delegation of Greentech Inc Korea on the project […]
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State to Establish 15 and Upgrade 7 Medical Facilities Nationwide
The Ministry of Health and Ministry of Interior has decided to establish 13 new health centres, 1 new referral hospital, 1 new health post, upgrade 2 referral hospitals and 5 health posts to be health centres throughout the country, according to the Inter-Ministerial Prakas No. 031 dated 26 July 2022. The 13 new health centres […]
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Cambodia, Korea Collaborate on Master Plan for Smart Transportation System in Cambodia
The Ministry of Public Works and Transport (MPWT) has partnered with the KRIHS Institute of the Republic of Korea to develop a master plan for an intelligent transportation system in Cambodia which started with the organization of a workshop at the Ministry of Public Works on 26-27 July 2022. The workshop was led by Mr. […]
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As of June 2022, Singapore Invests in 127 Projects Worth about US$1.53 Billion
As of June 2022, Singapore has invested in 127 major projects worth about US$1.53 billion in areas such as infrastructure, tourism, manufacturing, and other sectors, according to the workshop on Understanding Cambodia: Understanding Business Opportunities in Cambodia on 26 July 2022. Singaporean Ambassador to Cambodia HE Teo Lay Cheng said Singapore was among Cambodia’s five […]
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CDC Approves Two Major Projects Worth US$14.3million in Kampong Speu & Kandal Provinces
The Council for the Development of Cambodia (CDC) has approved private investment of US$14.3 million to build two factories in Kampong Speu and Kandal provinces. MILANNA LEATHERWARE M.F.Y (CAMBODIA) Co is investing US$9.2 million to establish a factory producing belts and bags in Krabei Tram village, Chung Ruk commune, Kong Pisey district, Kampong Speu province. […]
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Expert: Cambodia has Fastest Economic Growth in the World as GDP Grows 6.3% in 2022
Cambodia’s gross domestic product (GDP) will grow by 6.3% in 2022, which is one of the reasons why the country will become one of the fastest-growing economies in the world. This is according to Ivan Tan’s forecast and remarks on fibre2fashion on 25 July 2022. Cambodia’s GDP will expand by 6.3% this year, higher than […]
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