Cambodia officially Withdraws from CLV Development Triangle

• 23 November 2024
• Local News
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In a significant move, the Cambodian government has officially announced its withdrawal from the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA). This decision was formalized by promulgating the Law on the Approval of the Agreement on the Promotion and Facilitation of Trade in the CLV-DTA, marking a new chapter in Cambodia’s regional engagement.

The law will take effect once the withdrawal process is finalized, as stipulated in the trade facilitation agreement. Despite this withdrawal, Prime Minister Samdech Thip Dei Hun Sen reaffirmed the government’s commitment to developing four northeastern provinces, emphasizing continued efforts in border demarcation, infrastructure enhancement—particularly the border ring road—and the rollout of investment incentives targeted for 2025. (Read more)​

In a related development, the Royal Government has launched the construction of a new 250-kilometer border ring road. With an investment of nearly $27 million, this ambitious project commenced on November 1, 2024, and is slated for completion by the end of April 2027. The road will feature four lanes, with 147.42 kilometers located in Mondulkiri province and 102.58 kilometers in Ratanakiri province. (Read more)

It’s noteworthy that, during the tenure of the CLV-DTA agreement, Cambodia’s involvement included four provinces within the triangle, with a total of 105 projects amounting to $3.7 billion in investments. (Read more)

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