Construction Focus
Chinese Company YIG Eyes SEZ Opportunity Near Siem Reap Angkor International Airport
In a move that could significantly bolster Siem Reap’s economic landscape, YIG, a major Chinese investment firm, has expressed interest in developing a special economic zone (SEZ) near the newly constructed Siem Reap Angkor International Airport. This interest was conveyed during a meeting on 17 May 2024 between HE Chea Vuthy, Secretary General of the […]
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Cambodia Prepares Strategic Budget Plan 2025 to Weather Global Economic Headwinds
The Cambodian government is taking proactive measures to safeguard its economic stability in the face of a challenging global economic climate. On 13 May 2024, Circular No. 06. US was issued, outlining the development of a strategic budget plan for 2025-2027, alongside a draft law on financial management specifically for 2025. This initiative underscores the […]
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Cambodia & Korea Strengthen Trade Ties with US$751m Volume & New Six MoUs
Cambodia and South Korea reaffirmed their strong trade partnership with a bilateral trade volume reaching US$751 million in 2023 and the signing of six Memoranda of Understanding (MoUs) on 16 May 2024. The MoU signing ceremony, presided over by Cambodian Prime Minister Hun Manet and South Korean President Yoon Suk Yeol in Seoul, signifies a […]
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Kampot Unveils Plans to Enchant Tourists with Floating Market & Beach Developments
In a bid to solidify Kampot’s position as a premier tourist destination, provincial authorities have unveiled a series of captivating projects, including a floating market and pristine beach developments, according to the Ministry of Information on 17 May 2024. These initiatives aim to broaden Kampot’s tourism offerings, catering to both domestic and international visitors. Inspired […]
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Cambodia, Korea signed an MOU to do a feasibility study on the establishment of the SEZ in Cambodia
Cambodia and Korea have signed a Memorandum of Understanding (MoU) to study the possibility of establishing a Cambodia-Korea Special Economic Zone in a specific sector aimed at attracting more Korean investors to Cambodia. The Memorandum of Understanding on Investment Cooperation was signed by the Council for the Development of Cambodia and the Ministry of Commerce, […]
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Kampong Speu Irrigation Projects Nearing Completion: Roleang Chrey Canal at 60%, Tasal Reservoir at 90%
Significant progress has been made on critical irrigation projects in Kampong Speu province, according to an inspection visit by HE Bun Hean, Secretary of State and Chairman of the Project Inspection Unit of the Ministry of Water Resources and Meteorology, on 15 May 2024. The rehabilitation of the Tasal Reservoir and the North Roleang Chrey […]
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CDC Encourages Chinese Firms to Invest in Domestic Raw Material Production, Aiming to Boost Self-Sufficiency in Cambodia
In a bid to reduce reliance on imports, Cambodia’s Council for the Development of Cambodia (CDC) is actively courting Chinese investment in domestic raw material production, according to a meeting held on 15 May 2024. Secretary General of the Board of Investment of Cambodia, HE Chea Vuthy, met with a delegation from China’s Zhejiang Construction […]
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Cambodia Gears Up for a Greener Future with Smart Climate Tech Supported by GGGI
In a significant step towards sustainable development, Cambodia’s Ministry of Public Works and Transport (MPWT) and the Global Green Growth Institute (GGGI) signed a Memorandum of Understanding (MoU) to collaborate on utilising smart climate technology for wastewater management and green transportation initiatives, according to the signing ceremony between HE Peng Po, Minister of Public Works […]
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Australia Pours US$6.6m into Cambodia’s Water Development Fund
In a significant move to bolster Cambodia’s water infrastructure and management capabilities, Australia has pledged AUD10 million (US$6.6 million) to establish a dedicated water development fund, according to a meeting held on 13 May 2024 between HE Hem Vandy, Cambodia’s Minister of Industry, Science, Technology and Innovation, and HE Pablo Kang, Chargé d’Affaires of the […]
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Experts from Well-known Chinese University to Boost Cambodia Rice-Fish Farming
Aiming to bolster rice-fish and rice-shrimp farming in Cambodia, a research team from Shanghai Ocean University concluded an investigative and training visit to the country, contributing to the development of the Fish and Rice Corridor between China and Cambodia, as reported by China Daily on 13 May 2024. “Cambodia boasts a rice cultivation area of […]
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