Investment and Funding
CCA Chairman Donates US$3 million to Fight Against COVID-19 Pandemic
Neak Oknha Pung Kheav Se, Chairman of the Cambodia Constructors Association (CCA), the Board of Canadia Group and OCIC, has donated another US$3 million to the Cambodian government to fight against the recent surge in local COVID-19 transmission. This is not the first time that the Neak Oknha Pung Kheav Se has contributed to the […]
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Cambodia Should Simplify Institutional Red Tape for Effective Post-Pandemic Recovery, Says Analyst
To ensure a robust recovery from the COVID-19 crisis, Cambodia may need some institutional reforms. and reducing investment red tape should be the first step according to an international analyst. Strong political and social stability have been the selling points attracting more investment to Cambodia in the last two decades. However, fixing the complexity and […]
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CDC Licenses Another Investment After Over 12 Approved in First 2 Months of 2021
The Council for the Development of Cambodia (CDC) has officially given the permit to a private firm to develop another factory in Kandal province, after over a dozen of projects worth more than US$700 million have been approved in just the two months of 2021. The investment permit this time has been granted to Jiangyao […]
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Vietnam Planning US$53 billion 30-year Airport Expansion
Vietnam is planning to raise approximately US$53 billion in an ambitious plan to expand its aviation capacity over the next 30 years, according to the Civil Aviation Authority of Vietnam (CAAV). US$15.8 billion will be needed in the next 10 years for building and expanding airports across the country with a further US$37 billion between […]
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National Road 48 Rehabilitation Project Reaches Bidding Phase
The Ministry of Public Works and Transport (MPWT) has said that the project to rehabilitate NR48 connecting NR4 to Koh Kong Province is in the bidding phase, and the procedure is scheduled to be completed soon. MPWT’s spokesman HE Vasim Sorya said on Wednesday 03 March that the NR48 rehabilitation project will be implemented with […]
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Phnom Penh-Sihanoukville Expressway Takes Another Step Toward Completion
Paving on the Phnom Penh-Sihanoukville Expressway is set to begin soon, while the whole project at this stage is approximately 40% complete. According to the official Facebook page of the Phnom Penh-Sihanoukville Expressway, on 02 March, the team has just completed the asphalt paving (ATB-25) on the sample section. Soon, the engineers will start the […]
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Kampong Speu Governor Vows to Promote Two Core Sectors to Attract More Investors
Kampong Speu Provincial Governor HE Vei Samnang has vowed to promote industry and tourism within the province even more, as both sectors have been playing very crucial roles in attracting investors. HE Samnang said on 1 March 1 that Kampong Speu is located between Phnom Penh and Sihanoukville, and surrounded major National Roads such as […]
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Kampong Chhnang-Kampong Thom Bridge Second Priority to Kratie-Kompong Thom Bridge
The Ministry of Public Works and Transport (MPWT)’s spokesman HE Vasim Sorya has said that the proposed bridge connecting Kampong Chhnang to Kampong Thom province, which would become the Kingdom’s longest, is a second priority after the Kratie-Kampong Thom bridge, on which construction is set to begin this year. HE Vasim Sorya said on 25 […]
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Mixed-use Development ‘Bokor City’ Could Threaten National Park, Say Environmentalists
Environmentalists, activists, and NGOs have voiced concern that the plan to develop over 28,000 hectares on Bokor Mountain into a mixed-use city, could harm the nature and rare species of animals on the Preah Monivong Bokor National Park, reported the Mongabay. The ‘Bokor City’ plan was approved by a sub-decree signed by Prime Minister Samdech […]
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MPWT: Talks Continue on Korea-funded Chroy Chongvar–Svay Chrom Bridge
The Ministry of Public Works and Transport (MPWT)’s spokesman Vasim Sorya said that talks between Cambodia and South Korea on the Chroy Chongvar-Svay Chrom Bridge are underway. HE Vasim Sorya said on 25 February that at this point, the talks between the two sides mainly focus on technical matters, while other details will be studied […]
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