Cambodia Enhances Investment Climate with Adoption of 21 International Standards

Cambodia is taking significant strides to boost its economy and attract foreign investment by adopting 21 new international standards as national standards. This pivotal decision was made during the National Standards Council’s 30th meeting on 30 January 2025, which focused on reviewing and approving key standards across various sectors. The adoption of these standards aligns with the ASEAN ini...

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Progress Report on National Road 5: Final Section Construction Updates

As of early February 2025, significant progress has been made on the final section of National Road 5, stretching from Seri Sophon to Poipet. With a total length of 35.14 kilometers, this crucial infrastructure project is currently 29% complete and is on track for completion in 2026. HE Phon Rim shared the update as the Ministry of Public Works and Transport spokesperson during a press briefing...

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Indonesia Set to Invest Nearly USD 3 billion to Complete Second Phase of New Capital Development

The Indonesian government will allocate an additional 48.8 trillion IDR (approximately USD 2.99 billion) to continue its new capital (IKN) development during the second phase, which spans from 2025 to 2029. Vietnam Plus reported this information on 23 January 2025. In the first phase (from 2022 to 2024), the Indonesian government has already invested 89 trillion IDR into essential infrastructur...

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Phnom Penh Infrastructure Project Advancing Rapidly to Combat Flooding

In a significant step towards enhancing urban resilience, a major infrastructure project targeting flood prevention in the western districts of Phnom Penh is now over 66% complete. The initiative, which focuses on installing large-scale box culverts, is actively transforming National Road 4 and surrounding areas. Managed by the PPPP-TCM joint venture, this ambitious project encompasses essentia...

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Progress on National Road No. 23 Reaches 70% Completion

The ambitious construction project for the 20-kilometre stretch of National Road No. 23, linking Koh Thom and Loek Dek districts in Kandal province, has made significant headway, with approximately 70% of the work completed. According to a report by Cambodia National Television, the project is set to conclude in April 2025. HE Phay Sovicheano, Secretary of State of the Ministry of Public Works ...

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National Road 48 Rehabilitation Nears Completion: 82% Achieved

The long-awaited rehabilitation and upgrade of National Road 48, stretching 148 kilometres from Sre Ambel to Koh Kong, has completed an impressive 82% according to an announcement by HE Phon Rim, spokesperson for the Ministry of Public Works and Transport on 29 January 2025. The construction project, which officially commenced on 3 January 2022, aims to significantly enhance road quality for im...

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Vietnam’s USD 67 Billion High-Speed Rail Project Charts Independent Path, Shunning Foreign Investment

In a ground-breaking move that signals Vietnam's growing economic confidence, the Vietnamese National Assembly has approved an ambitious USD 67 billion high-speed rail network connecting Hanoi to Ho Chi Minh City, with the revolutionary decision to fund the megaproject primarily through domestic sources rather than traditional foreign investment, according to an announcement from the National Asse...

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Techo International Airport Nears Completion: A New Gateway to Cambodia

In an exciting development for Cambodia’s aviation sector, the Techo International Airport construction project is now over 94% complete, with the total investment reaching nearly USD 1.4 billion. This ambitious project promises to transform the country's skyways and enhance domestic and international travel connectivity. As of late December 2024, critical infrastructure components, including t...

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ISI Special Economic Zone Launches and Boosts Investment Growth in 2025

ISI Special Economic Zone, a new landmark development spanning over 800 hectares in Sihanoukville spearheaded by Cambodia’s esteemed ISI GROUP in collaboration with capital partners, is officially unveiled today during a grand launch ceremony at the ISI TOWER — ISI GROUP’s headquarters in Phnom Penh. (From left to right: Mr. Kang Sen, Executive Director of the ISI Special Economic Zone Project; M...

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Evercore Focuses on Clean Energy Investment in Cambodia

The Global investment banking firm Evercore is interested in investing in Cambodia's clean energy sector. During a meeting on 8 January 2025 between Prime Minister Hun Manet and Evercore Asia President Keith Magnus, the firm also expressed interest in the country's emerging sectors, including energy, health, and tourism. Magnus emphasized Evercore's operations and its intention to promote coope...

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