Cambodia border markets to be built in Kampot and Svay Rieng provinces

Two more Cambodian border markets along the border between Cambodia and Vietnam have been planned for Kampot and Svay Rieng provinces.

The Head of the Royal Cambodian Government said that the establishment of Cambodia border markets will facilitate trade activities between the two countries, particularly along the border.

The announcement to build two new Cambodia border markets was made after the first Cambodia border market, located in Tbong Khmum province, shares border to Vietnam’s Tay Ninh province, was inaugurated on 24 December.

Speaking at the inauguration ceremony, Samdech Techo Hun Sen, Prime Minister of Cambodia, ordered the governors of Kampot and Svay Rieng provinces to find proper locations for building the border markets which are to facilitate local people living along the border area.

The first Cambodia border market called ‘Phsar Da’ was built over 2 hectares of land in a special economic zone in Tbong Khmum province’s Memot district. It is suited about 300 metres away from the border to Tay Ninh province. The market building cost US$2 million for which the budget came from the Vietnamese government.

The market is expected to be a lucrative hub and employment creator for traders from Cambodia and Vietnam. Meanwhile, it also is a blueprint for the further development of similar markets along the Cambodia-Vietnam border.

The market is for selling only products from Cambodia and Vietnam. Samdech Techo Hun Sen said the two new border markets will be built using the budget from the Royal Government of Cambodia.

- Video Advertisement -

Related Post

Cambodia Eyes Potential to Expand World-class Integrated Resorts Market, with 87 Casinos Currently Operating

Cambodia is advancing plans to expand its casino industry by developing world-class integrated resorts (IRs) and implementing attractive tax policies to entice investors. The announcement was made on 10 December 2024 by Khim Oudam, Deputy Director of Licensing at Cambodia’s Commercial Gambling Management Commission (CGMC), during remarks to GGRAsia. The country’s gross gaming revenue (GGR) […]

Sixteenth U.S. Investment Firms Explore Cambodia’s Technology, Agro-Industry, and Education Sectors

In a major boost to Cambodia’s economic landscape, 16 leading U.S. investment companies are visiting Cambodia from 9 to 13 December 2024 to explore investment opportunities in technology, agro-industry, and education—sectors poised for significant growth. The delegation’s visit, marked by high-level meetings with government officials and business leaders, highlights Cambodia’s rising profile as an attractive […]

Hong Leong Manufacturing Group Plans Major Investment Expansion in Cambodia

Hong Leong Manufacturing Group (HLMG), a prominent multinational conglomerate, has announced plans to expand its investment footprint in Cambodia, targeting key sectors including real estate, automotive parts, and manufacturing. The announcement came following a meeting between Datuk Kwek Leng San, Chairman of HLMG, and Samdech Hun Manet, PM of Cambodia. During the discussion, Datuk Kwek […]

Vietnamese Investors Inject Over USD 557 Million into Cambodia in 11 Months of 2024

Vietnamese investors have poured an impressive USD 557 million into Cambodia during the first 11 months of 2024, positioning Vietnam as the third-largest source of foreign investment in the country. This milestone was announced by HE Chea Vuthy, Secretary General of the Cambodian Investment Board (CIB) at the Council for the Development of Cambodia (CDC), […]

Building Bridges for Investment: Henan Delegation Explores Opportunities in Cambodia’s Construction Sector

The Cambodia Constructors Association (CCA) welcomed a high-level delegation from the Henan and Design Industry Association on 28 November 2024, at Canadia Tower in Phnom Penh. This strategic meeting underscored Cambodia’s growing appeal as a foreign investment hub, focusing on collaboration in the construction and infrastructure sectors. Acting on behalf of Lok Neak Oknha Pung […]

Cambodian Government Commits to Rebuilding Boeung Chhouk Market in Battambang for Affected Traders

The Cambodian government has announced a comprehensive plan to reconstruct the Boeung Chhouk Market in Battambang, which was severely damaged in a fire on 3 November 2024, destroying nearly 150 stalls. PM Samdech Hun Manet confirmed the project during the inauguration ceremony of achievements in the Boeung Chhnuk Techo Win-Win Development Zone on 29 November […]