Local News
New National Assembly Building in Cambodia Reaches 57% Completion with Vietnam’s US$25m Grant
The construction of Cambodia’s new National Assembly building, funded by a US$25 million grant from Vietnam, has reached 57% completion. The project committee, led by National Assembly President Khuon Sodary, reviewed progress on 31 July 2024. During the meeting, TCV, an international construction company, reported that although the project was initially expected to be completed […]
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Cambodia’s Manufacturing Sector Expands with 2,175 Factories and Over 1.1 Million Jobs
As of the first half of 2024, the Ministry of Industry, Science, Technology, and Innovation (MISTI) has registered a total of 2,175 manufacturing factories, up from 1,997 in the same period last year. These factories collectively employ about 1.1 million workers, according to a recent report from the National Bank of Cambodia, issued last week […]
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Cambodian Senate Approves Landmark Air Transport Law to Boost Aviation Sector
In a significant move to bolster Cambodia’s aviation industry, the Senate has unanimously approved the draft law on international air transport. The approval, achieved with 56 out of 56 votes during the extraordinary session of the Senate of the 5th legislature, was held under the chairmanship of Samdech Techo Hun Sen on 31 July 2024. […]
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Golden Port SEZ to Establish 270-Hectare SEZ Along Sihanoukville Expressway
Golden Port SEZ Development Co., Ltd. has unveiled plans to establish a 270-hectare special economic zone along the Phnom Penh-Sihanoukville Expressway, aiming to bolster industrial diversification in Cambodia. The announcement was made following a meeting on 29 July 2024 between Mr. Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Kaing Leng, Chairman […]
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Cambodia’s Mid-2024 Economic Update: Sharp Decline in Credit Growth Signals Business Slowdown, Rising NPL Ratios Across Sectors
A significant decline in credit growth indicates a slowdown in business activities nationwide. This trend is accompanied by rising non-performing loan ratios (NPLRs) across all major sectors, including commercial banks, mortgages, construction, and real estate activities, according to recent data from the National Bank of Cambodia for Q1 2024 and updated by CBRE Cambodia on […]
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Samdech Techo Pushes for Expedited Construction of NR No. 78.5 connecting Ratanakkiri to the Triangle Area
Samdech Techo Hun Sen, President of the Senate of Cambodia, has urged the new government to expedite the construction of NR No. 78.5, connecting Ratanakkiri Province and Banlung City to the “tail of the dragon” (Angle 3) with a length of over 166 kilometres. In a special message addressing the CLV development triangle (Cambodia, Laos, […]
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Vietnam Expands 400MW of Electricity Supply to Cambodia: Pledging More Cooperation
Vietnam has announced a significant increase in its electricity supply to Cambodia, pledging up to 400 megawatts to support the nation’s economic growth. This commitment follows a recent meeting between Samdech Techo Hun Sen, President of the Senate of Cambodia, and HE Pham Minh Chinh, Prime Minister of Vietnam, held in Hanoi on 25 July […]
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Royal Railway Cambodia Successfully Tests New Train Lines for Phnom Penh-Poipet Route
Royal Railway Cambodia has successfully conducted a test run of four Kiha183-182 train lines on the Northern Railway from Phnom Penh to Poipet, signalling a major step towards resuming passenger services. The test, conducted on 25 July 2024, aimed to evaluate the railway’s readiness for passenger operations following a long suspension due to the COVID-19 […]
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Cambodia Connects Over 1.3 Million Households to Clean Water Network by Mid-2024
By the first half of 2024, the Cambodian government has successfully connected the water supply network to more than 1.3 million households, out of a total of 3.555 million houses across the country. This achievement, assuming one connection per house, marks a significant milestone in Cambodia’s infrastructure development, according to Ministry of Industry, Science, Technology […]
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Cambodia National Bank Reports Loan Disbursement to Real Estate & Construction Continues to Surge
Loan disbursement from banking institutions to the construction and real estate sectors continues to grow significantly, with the sectors projected to see slow growth in 2024. As of the first half of 2024, loans to real estate trading activities reached US$5,996 million, accounting for 11.3% of the total outstanding loan amount of US$52.8 billion. This […]
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