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ខ្មែរ Construction Focus
Construction & Real Estate Sector Show Signs of Recovery in H1 2023
- 1 August 2023
The echoes of recovery reverberate through Cambodia's construction and real estate sectors, painting an optimistic picture as the nation strides forward into the first half of 2023. A surge in the import of construction materials and equipment, registering a 0.4% increase, amounting to approximately US$911 million compared to the previous year, signifies an industry back on the rise. A recent r...
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Cambodia Attracts Tech Giants: Korean & Chinese Firms Explore Setting Up Advanced Factories
- 1 August 2023
Cambodia's fervent drive to foster technological progress and human resource development in the realm of cutting-edge industries is attracting the attention of major international players from China and South Korea. Diving into a realm of potential, these global giants are earnestly evaluating the feasibility of establishing advanced technology factories within Cambodia, including the pivotal doma...
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Forging Stronger Ties: Cambodia Extends Invitation to Australia for AusTrade Office
- 1 August 2023
A momentous meeting between the Cambodian private sector, led by Okhna Kith Meng President, of the Cambodian Chamber of Commerce, and Australian Special Envoy for Southeast Asia, Mr Nicolas Moore, marked a pivotal step towards fortifying bilateral relations between Cambodia and Australia through official meeting on 10 July 2023. At the heart of the discussion was the proposal for Australia to e...
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Vietnam’s Cutting-Edge Rubber Processing Plant Unveiled in Kampong Thom, Paving the Way for Enhanced Production
- 31 July 2023
Vietnam's Chipa rubber processing plant in Kampong Thom, capable of processing 2 tons of rubber per hour was officially launched in an inauguration ceremony on 28 July 2023. Located in Dang Kambit commune, Sandan district, Kampong Thom province, the factory's completion aligns seamlessly with the planned timeline, showcasing the efficacy of strategic partnerships. Governor HE Nguon Rattanak,...
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Cambodia’s Citizenship by Investment Ranked 11th, Emerges as Key Catalyst for Foreign Real Estate Interest
- 31 July 2023
Cambodia's real estate market is witnessing a surge in foreign interest, fuelled by its impressive Citizenship by Investment (CBI) program, which recently earned the remarkable 11th spot in Henley & Partners' global rankings. This naturalisation offers foreign investors the gateway to become freehold landowners in the country. For years, foreign investors looking to invest in Cambodian land...
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Vietnamese Automaker Invests US$2 bn in EV Factory Construction in North Carolina, USA
- 31 July 2023
Vinfast, a Vietnamese electric vehicle manufacturer under Vingroup, and a pioneer in electric vehicle (EV) manufacturing, held a groundbreaking ceremony for its North Carolina electric car plant on 28 July 2023. This achievement sets the stage for a transformative economic development project with an impressive $2 billion investment in the first phase of construction, sprawled across a sprawling 7...
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Unique Architectural Features of Asia’s Largest Wooden Building in Singapore
- 30 July 2023
The Nanyang Technological University (NTU) of Singapore has just officially inaugurated the second-largest wooden building in the world with an area of 43,500 square metres and “the largest wooden building in Asia" in terms of the volume of timber used. The university named this masterpiece "The Gaia Timber" after the Greek goddess of Earth reflecting the building's focus on sustainability and eco...
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Korea Pledges US$37 Million for Mobile Hospital in Kampong Speu
- 29 July 2023
The University College of Medicine is gearing up to establish a state-of-the-art mobile hospital, offering free medical treatment to the local community. Mr. Vy Samnang, Governor of Kampong Speu Province, took to his official Facebook page on July 27, 2023 to share the promising news, announcing the planned investment of over US$37 million for this noble initiative. The forthcoming mobile hospi...
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Historic Cambodia-Thailand Railway Line Launches, Boosting Cross-Border Trade
- 29 July 2023
A significant milestone in regional transportation was achieved today as Cambodia and Thailand celebrated the official opening of their first-ever railway link, forging a crucial connection to facilitate seamless cross-border trade and bolstering economic ties between the nations. The momentous inauguration ceremony saw the participation of key stakeholders from both countries, marking a new era o...
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Japan & Korea Collaborate to Produce International Standard Bio-Energy from Cambodian Cashew Shells
- 28 July 2023
Cambodia's burgeoning cashew industry has received a game-changing boost as researchers from the prestigious Korea Energy Institute (KIER) and Japanese powerhouse Mitsubishi Corporation unite to harness the untapped potential of cashew shells, transforming them into eco-friendly bio-energy. This groundbreaking initiative comes in response to Cambodia's rising prominence in cashew cultivation, open...
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