Japan Invests Over USD40 Million in Cambodia, Enhancing Economic Partnerships in 2024
Japan has invested over USD40 million in Cambodia during the first ten months of 2024, reaffirming its position as the seventh-largest investor in the country. This development was highlighted in a report by the Council for the Development of Cambodia, released on 19 November 2024. To further strengthen bilateral economic ties, the Cambodian Duke Association […]
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 […]
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, […]
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 […]
Chinese Investment in Cambodian Manufacturing Surpasses USD 9 Billion, with 1,273 Factories Established
Cambodia’s manufacturing sector now hosts 1,273 factories funded by Chinese investors, representing a total investment of over USD 9 billion and accounting for 45.49% of the country’s overall foreign investment capital. The details were highlighted in a meeting between Minister of Industry, Science, Technology, and Innovation HE Hem Vanndy and China’s Ambassador to Cambodia HE […]
ADB Invests USD 80 Million in Climate-Resilient Schools to Transform Cambodian Education
To strengthen Cambodia’s secondary education sector, the Asian Development Bank (ADB) has approved a USD 80 million loan dedicated to constructing climate-resilient school buildings and expanding educational resources across the nation. This update was confirmed in a press release from the Angkor Institute on 31 October 2024. This initiative aims to address Cambodia’s low high […]