Within the Next Few Years, Cambodia Aims for Digitized Real Estate Registration in Just Two Hours
Thanks to the expertise of professional officials and technological advancements, in the next few years real estate registration in Cambodia, could soon be completed digitally within a mere two hours. This revolutionary move aims to streamline processes and boost efficiency in the country’s real estate sector. This groundbreaking vision was disclosed by HE Leang Monirith, […]
SHV’s Poverty Rate Drops to 1.68% Amidst Robust Economic Growth in 2023
Amidst a surge in economic prosperity, Sihanouk Province witnessed a notable decrease in its poverty rate, plummeting to 1.68% in 2023. This remarkable achievement stems from the province’s robust economic growth, which soared to 6.4% during the same period. These encouraging figures were unveiled by HE Long Dimanche, Deputy Governor of Preah Sihanouk Provincial Board […]
Toyota Unveils US$36 Million Assembly Plant in Phnom Penh SEZ
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 […]
SHV Port Marks Remarkable Growth with 240K TEUs of container, a 23% Increase in Container Traffic in Early 2024
In the first quarter of 2024, the Sihanoukville Autonomous Port witnessed a significant surge in its operational capacity, handling 240,000 Twenty-Foot Equivalent Units (TEUs) of containers. This marks an impressive increase of more than 23% compared to the corresponding period in 2023. The announcement was made by His Excellency Peng Po Nea, Minister of Public […]
Cambodia Sets the Stage for Electric Vehicle Revolution with New Draft EV Policy 2024-2030
In a groundbreaking move poised to reshape Cambodia’s economic and social landscape, the Ministry of Economy and Finance (MEF) unveiled a comprehensive draft policy on the development of the electric vehicle (EV) sector for the period 2024-2030. Announced in a press release dated 24 April 2024, this initiative marks a significant step towards integrating technology […]
Phnom Penh Unveils ASEAN-International Business Center: A New Era for Vegetable Wholesale Market
Marking a significant milestone in the agricultural and real estate sectors of Cambodia, the ASEAN-International Business Center, also known as Phsar Doeum Kor Thmey, commenced operations on 27 April 2024. Situated in Sangkat Kork Roka, Khan Prek Pnov, this expansive 20-hectare development on Boeung Ta Mok land is now the largest international vegetable wholesale market […]