Progress Report: Tonle Bassac Bridge Nears 12% Completion
The bridge construction project over the Bassac River, connecting Chak Angre Krom and Prek Pra, stands at 11.63% completion, with 36 out of 156 pillars already concreted, six out of 20 template exhibits installed, and several other crucial tasks underway, according to Mr. Phorn Rim, spokesman for the Ministry of Public Works and Transport reported […]
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In four years, 36k Businesses Registered on Cambodia’s OBRP with Real Estate & Construction Leading the Way
Since the launch of Cambodia’s Online Business Registration Platform (OBRP) four years ago, 36,509 companies have registered, with the real estate sector leading the way. As of 15 June 2024, the businesses registered under this system boast a total investment capital of US$11.13 billion, with the construction and real estate sectors contributing US$1.18 billion and […]
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Kampot Unveils Giant Clock Project to Boost Tourism
The Kampot Provincial Authority is set to construct a monumental clock standing 35 metres tall, with a face nearly 10 metres in diameter, aiming to enhance the region’s tourism appeal. The announcement was made by HE Mao Thunin, Governor of Kampot Province, during the first regular meeting of the Kampot Provincial Council of the fourth […]
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Only A Few Days Left for Borey Peng Huot’s Mid-Year Promotion: Win an Electric Car and More!
Borey Peng Huot’s massive Mid-Year Celebration promotion, featuring six major packages for every home purchase, is ending soon. The promotion, launched in early June, offers incredible incentives and will conclude by the end of June (26 June 2024). The comprehensive MID-CELEBRATION 6 package includes: ➤ The latest electric car, TOYOTA BZ4X-2024 ➤ Free hard copy […]
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750k SMEs in Cambodia Key Driver of Economic Growth, Contributing 63% to GDP and Employing Over 70% of Workforce
Cambodia has more than 750,000 small and medium-sized enterprises (SMEs) which play a pivotal role in the nation’s economy, contributing 63% to the gross domestic product (GDP) and employing more than 70% of the workforce. This significant contribution was highlighted by Samdech Hun Manet, PM of Cambodia, in his message on the occasion of the […]
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Guangzhou to invest $1.4 billion to build infrastructure for flying car by 2027
Guangzhou is set to invest over 10 billion yuan (US$1.4 billion) by 2027 in the burgeoning “low-altitude economy,” targeting the development of services operating below regular commercial aviation altitudes. This substantial investment is part of China’s strategic push to invigorate its slowing economy, according to Asia.nikkei.com dated 4 June 2024. The ambitious plan involves building […]
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Groundbreaking for Bak Kheng Water Treatment Plant Phase 3, Phase 2 Inaugurated
The third phase of the Bak Kheng Water Treatment Plant has commenced construction, while the second phase was officially inaugurated by HE Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance, on 25 June 2024. During the inauguration, HE Aun Porn Moniroth stated, “The commissioning of the second phase of the water […]
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Vietnamese Investments in Cambodia Reach Nearly US$3bn Across 200+ Projects
Vietnamese investors currently operate 208 projects in Cambodia, with a total registered capital of US$2.91 billion, according to a report from the Vietnamese Embassy. This positions Vietnam among the top 10 countries with the most investment projects in Cambodia. HE Nguyen Huy Taing, Ambassador of Vietnam to Cambodia, highlighted these figures during an interview with […]
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Vietnam’s Trade Ministry Requests PM’s Approval on Cambodian Sand Imports to Address 2.3m Cubic Metres Demand
The Vietnamese Ministry of Industry and Trade has proposed to Prime Minister Phạm Minh Chính to import construction sand from Cambodia to address the country’s annual demand of 2.3 million cubic metres. This recommendation follows a feasibility study indicating Cambodia’s ability to supply sand for Vietnam’s long-term construction needs, as reported by Vietnamnews.vn on 24 […]
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Island Hopping Adventure Awaits: New Maritime Route to Connect Thailand, Vietnam, and Cambodia
Thailand, Cambodia, and Vietnam are collaborating on a new maritime route to enhance tourism, trade, investment, and industrial activities along their coastal regions. The project, connecting Thailand’s Trat province, Cambodia’s Sihanoukville, and Vietnam’s Kien Giang, aims to foster economic growth and was announced during the “Cambodia-Vietnam-Thailand Economic Corridor (CVTEC) – Trat Business Roadshow 2024″ on […]
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World Bank Allocates US$145m to Enhance Cambodia’s Water Supply Infrastructure
The World Bank has committed US$145 million to Cambodia to support the enhancement of the country’s water supply infrastructure, a project that is expected to benefit over 113,000 people. Funded by the World Bank’s International Development Association (IDA), this initiative will be implemented over five years by the Ministry of Water Resources and the Ministry […]
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China Aims to Attract 100 More Companies to Invest in Zhejiang SEZ in Koh Kong by 2024
China’s Zhejiang Special Economic Zone (SEZ) in Koh Kong is set to attract 100 more companies by 2024, adding to the 28 currently investing there. This strategic goal was highlighted during a meeting between Mr. Chea Vuthy, Secretary General of the Investment Committee of Cambodia, and Mr. Zhou Zhangjin, Chairman of Zhejiang SEZ, along with […]
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