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ខ្មែរ Construction Focus
AMRO Forecasts Cambodia’s Economy to Grow 5.6% in 2024 and 5.9% by 2025
- 28 May 2024
The ASEAN + 3 Macroeconomic Research Office (AMRO) recently released a positive outlook for Cambodia's economy, predicting a growth rate of 5.6% in 2024 and 5.9% in 2025. This upward trend signifies a significant improvement compared to the 5% growth recorded in 2023, according to AMRO press release on 23 May 2024. Garment Sector & Exports Fuelling Growth AMRO's chief economist, Jinho Ch...
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China Pledges US$10m to Bolster Cambodia’s Counterfeit Product Defences
- 21 May 2024
Cambodia and China are set to strengthen their collaboration in combating counterfeit goods. During a working meeting on 16 May 2024, the Suzhou Institute of Construction Science in China proposed a US$10 million investment to establish a state-of-the-art counterfeit product laboratory in Cambodia. This initiative, communicated by Mr. Jack Yang, Director General of the Institute, to HE Doeun Sovan...
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Cambodia Prepares Strategic Budget Plan 2025 to Weather Global Economic Headwinds
- 20 May 2024
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 government's commitment to enhancing ex...
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Australia Pours US$6.6m into Cambodia’s Water Development Fund
- 16 May 2024
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 Australian Embassy. Bey...
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MinebeaMitsumi to Invest Over US$320m in Expanding Operations in Cambodia & Thailand
- 14 May 2024
Japanese electronics supplier MinebeaMitsumi has announced plans to invest 50 billion yen (US$321 million) to build a new factory in Cambodia and expand a solar power plant in Thailand. This report was published by NIKKEI ASIA on 10 May 2024. MinebeaMitsumi will allocate 32 billion yen (over US$205 million) to construct a new factory in Cambodia, scheduled to commence operations early next year...
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China Commits Up to US$100m for Advanced Water Purification in Cambodia
- 13 May 2024
Hainan Litree Purifying Technology Co., Ltd. from China has announced plans to invest between US$50-US$100 million in Cambodia's water sector over the next three to five years, focusing on water purification products using UF membrane technology. This announcement was made during a meeting between Dr Cai Yunlong, CEO of Hainan Litree Purifying Technology Co., Ltd., and HE Hem Vandy, Cambodia's Min...
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Gov’t Implements Measures to Enhance Sub-National Expenditure Efficiency by 2024
- 10 May 2024
In a bid to streamline fiscal management at the sub-national level, the Cambodian Ministry of Economy and Finance (MEF) issued a pivotal circular on May 7, 2024. The directive mandates prudent budgetary practices across all sub-national administrations, emphasising the need to curb unnecessary local development initiatives. Under the circular's provisions, capital-provincial administrations are...
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49km of Kratie Province Roads Revitalisation Hits Midway Mark: 53% Completion in Infrastructure Enhancement
- 8 May 2024
As of 8 May 2024, the Kratie Provincial Administration has reported a significant milestone in the enhancement of its transportation infrastructure, with the rehabilitation project of two main provincial roads reaching approximately 53% completion. Spanning nearly 49 km, Provincial Road No. 377 and Road 377A are undergoing extensive improvements to bolster the quality and maintenance of these crit...
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Toyota Unveils US$36m Assembly Plant in Phnom Penh SEZ
- 2 May 2024
In a significant boost to Cambodia's automotive industry, a new Toyota assembly plant, valued at over US$36 million, was officially inaugurated in the Phnom Penh Special Economic Zone on 2 May 2024. This landmark event was presided over by Samdech Hun Manet, Prime Minister, marking a new era in the country's manufacturing capabilities. The Toyota Assembly Plant, a venture between TOYOTA TSUSHO ...
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Construction Begins on Quảng Trị’s US$580m Deep-water Port After 4-Year Delay
- 15 April 2024
Construction of the long-awaited Mỹ Thủy deep-water port project in Quảng Trị Southeast Economic Zone finally commenced on Monday, following a four-year delay, according to Vietnamnews on 26 March 2024. Approved by the Prime Minister on 4 January 2019, with a total investment of VNĐ14.2 trillion (US$580 million), this project is of paramount importance to Quảng Trị province. It not only serves ...
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