Local News
Korean Firm Heungkuk Industry Eyes Investment in Cambodian Cashew Processing Sector
Heungkuk Industry, a leading South Korean construction materials manufacturer, is set to invest in Cambodia’s burgeoning cashew processing sector. The commitment was unveiled during a meeting on 19 November 2024 between HE Vongsey Visoth, Deputy PM overseeing the Office of the Council of Ministers, Mr. Lee Kee Yun, Director of Heungkuk Industry, and Professor Lee […]
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ARK Electronics Group Unveils USD1.3 Billion AI driven Industrial Park Project in Kampong Speu
ARK Electronics Group, a leading Chinese company, has announced an ambitious USD1.3 billion investment to establish a 1,000-hectare industrial park in Kampong Speu Province, set to transform the province’s industrial landscape. The announcement followed a high-level meeting between HE Dr. Cheam Chansophoan, Governor of Kampong Speu Province, and Ms. Chang Venza, General Director of ARK […]
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Cambodia Approves Over $5 Billion in Investments Across 346 Projects in 10 Months of 2024
Cambodia’s investment landscape saw remarkable growth during the first ten months of 2024, with the Council for the Development of Cambodia approving 346 new projects worth over $5 billion, projected to generate approximately 270,000 jobs. This represents a 38% increase in investment compared to the same period in 2023, underscoring the country’s strengthened economic environment, […]
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Two Chinese Firms to Expand Investment in Cambodia with New Garment Factories
Fortune Rich Trade Co., Ltd. and Ju Wang Footwear Co., Ltd., two prominent Chinese firms, have announced plans to establish additional garment factories in Cambodia, focusing on producing women’s and children’s clothing for international markets. This significant investment initiative was unveiled during a meeting with PM Hun Manet on 6 November 2024 in Kunming, Yunnan […]
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Cambodia Records USD505 Mil in Iron and Steel Imports, Construction Sector Gradual Recovery
Cambodia imported iron and steel products worth USD505 million in the first ten months of 2024, a significant 65% increase compared to USD305 million during the same period in 2023. Data from the General Department of Customs and Excise (GDCE) revealed that imports for October 2024 alone reached USD52.5 million, marking a 105% rise from […]
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Phnom Penh Autonomous Port Achieves Record Container Traffic and Revenue Growth in 2024
The Phnom Penh Autonomous Port recorded an impressive milestone in 2024, handling over 401,000 TEUs (Twenty-foot Equivalent Units) of containers in the first ten months, reflecting nearly a 20% increase compared to the same period in 2023. The port also processed 35,264 TEUs in October alone, a 17.75% rise from October 2023, according to an […]
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Chinese Firm Targets Cambodia for Large-Scale Durian Cultivation and Processing Hub
Zhengzhou Chen’s Sun, a prominent Chinese company, has announced plans to invest in durian cultivation and processing facilities in Cambodia, aiming to enhance the country’s agricultural export capabilities. This ambitious project was a key focus during a meeting between PM Hun Manet and Xuemei Chen, Chairman of Zhengzhou Chen’s Sun, on 6 November 2024 in […]
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Phnom Penh-SHV Expressway Offers Exclusive Discounts for 3-Day Water Festival Celebration
To celebrate the Royal Water Festival from 14 to 16 November 2024, the Ministry of Public Works and Transport (MPWT) has announced a special three-day discount on the Phnom Penh-Sihanoukville Expressway. Notification No. 052 S.K.R., dated 12 November 2024, confirmed that the Phnom Penh-Sihanoukville Expressway Company will offer a 20% discount on toll fees for […]
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Cambodia Unveils Export Service Center to Strengthen International Trade and Empower Local Businesses
In a pivotal move to enhance Cambodia’s global trade footprint, the Ministry of Commerce officially launched the Export Service Center (ESC) on 5 November 2024. This new initiative, dedicated to advancing Cambodian exports, aims to position local products in global markets and equip traders with essential skills and resources to compete internationally. The inauguration ceremony, […]
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A Local Firm in Pursat Transforms Waste into Organic Fertilizer to Boost Agricultural and Environmental Impact
Save the Lives (Cambodia) Co. Ltd., based in Pursat Province, is revolutionizing waste management by converting collected garbage into organic fertilizer. Licensed to clean, collect, transport, and store solid waste across all seven communes of Pursat City since mid-April 2024, the company started producing natural organic fertilizer under the brand “Sovannaphum” in June 2024. Within […]
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