Construction Focus
VSIP Reports 146% Surge in H1 Profits Amid Expanding Industrial Park Portfolio
Vietnam-Singapore Industrial Park J.V. Co., Ltd (VSIP), Vietnam’s leading industrial park developer, reported a significant 146% increase in net profit, reaching USD 43.84 million in the first half of this year, driven by robust growth in its industrial park operations. This performance boosted the company’s return on equity (ROE) to 6.61%, up from 3.13% in […]
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Phnom Penh to Undergo AI-Driven Renovation of Norodom Boulevard & Sisowath Quay
The Ministry of Land Management, Urban Planning, and Construction has announced plans to renovate two of Phnom Penh’s prominent boulevards—Norodom Boulevard and Sisowath Quay—leveraging artificial intelligence (AI) technology to enhance urban aesthetics and functionality. The initiative was disclosed by HE Leang Monirith, Secretary of State of the Ministry, during a workshop on infrastructure development held […]
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Bassac River Crossing Project (Chak Angre Krom – Prek Pra) Progresses Towards Completion, Reaching 14.5%
The Bassac River Crossing Project, linking Chak Angre Krom and Prek Pra, has achieved 14.5% completion by mid-October 2024, marking significant progress in the infrastructure development initiative. The Ministry of Public Works and Transport provided this update on 17 October 2024, highlighting that the project began on 19 February 2024 and is steadily advancing towards […]
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Cambodia’s First Regional Nursery Nears 20% Completion, Pioneering Green Initiatives in Tbong Khmum
Cambodia’s first regional nursery, located in Preah Theat commune, Ou Raing Ov district, Tbong Khmum province, has reached 20% completion, marking significant progress in the country’s ambitious reforestation efforts. The update came during an inspection visit by HE Dr Eang Sophalleth, Minister of Environment, on 8 October 2024. Set across more than 3 hectares, this […]
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France & EU Set to Boost Phnom Penh Water Supply’s Capacity for Clean Water Development
The French Development Agency (AFD) and the European Union are gearing up to enhance the capabilities of the Phnom Penh Water Supply Authority (PPWSA) initiative to strengthen Cambodia’s water sector, starting in early 2025. This plan, aimed at advancing the Sixth Sustainable Development Goal of universal access to clean water and improved sanitation, was announced […]
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Royal Group Launches 900MW Natural Gas Power Plant. Worth USD1.34bn, in Koh Kong
Royal Group Power, a division of the prominent Royal Group led by Neak Oknha Kith Meng, has officially commenced construction on a 900-megawatt natural gas power plant in Botum Sakor district, Koh Kong province. The USD 1.34 billion investment was celebrated during a groundbreaking ceremony on 16 October 2024, attended by high-ranking officials, including HE […]
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Private Sector Prioritises Three Key Measures to Boost Cambodia’s Automotive & Electronics Industry
Cambodia’s private sector has identified three pivotal measures from a list of 20 priorities to drive the development of the nation’s automotive and electronics industry. This decision emerged from the second meeting of the Advisory Council for the Development of the Automotive and Electronics Sector, organized by the Council for the Development of Cambodia (CDC) […]
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Gov’t Pushes for Railway Expansion MoU by Year-End
The Cambodian government has set a firm deadline for a memorandum of understanding (MoU) on the railway expansion project to be finalized before the end of 2024, as announced by Samdech Hun Manet, PM of Cambodia, during the celebration ceremony marking the 20th anniversary of Cambodia’s accession to the World Trade Organisation on 14 October […]
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Cambodia-ASEAN Trade Surpasses USD 10bn in Eight Months, Achieving Over 11% Growth
Cambodia’s trade volume with ASEAN nations soared past USD 10 billion in the first eight months of 2024, reflecting a remarkable growth of more than 11% compared to the same period last year, as highlighted in a report by the General Department of Customs and Excise, released by the Ministry of Information on 27 September […]
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Mondulkiri Celebrates Inauguration of New Water Purification System Worth Over USD 150,000
The newly completed small-scale water treatment plant project in Sen Monorom City, Mondulkiri province, valued at over USD 150,000, was officially inaugurated on 10 October 2024. The ceremony was presided over by HE Hem Vandy, Minister of Industry, Science, Technology, and Innovation, alongside HE Ueno Atsushi, Ambassador of Japan to Cambodia, marking a significant step […]
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