Gov’t Approves US$187m Investment Influx, Greenlights 32 New Projects in a Month

The Council for the Development of Cambodia (CDC) announced its approval of 32 new investment projects, amounting to a staggering US$187 million, as of 1 January 2024. This significant development is anticipated to generate an impressive 29,000 employment opportunities, marking a pivotal stride in Cambodia’s economic landscape. The CDC, in a press release on 1 […]

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Tbong Khmum Governor Courts Malaysian for High-Stakes Renewable Energy Venture

HE Cheam Chansophorn, Governor of Tbong Khmum Province, spearheaded discussions with the prominent Malaysian renewable energy powerhouse, Sunview Group Berhad, represented by its subsidiary Fabulous Sunview Sdn on January 15, 2024. The agenda focused on enticing the Malaysian giant to channel investments into transformative projects centered around renewable energy and poverty reduction within Tbong Khmum […]

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KOICA’s Propels Cambodia’s Socio-Economic Development with US$366.5m Investment

KOICA has played a pivotal role in Cambodia’s socio-economic advancement, channelling a substantial investment of over US$366.5 million. This extensive support, spanning from 1991 to 2023, underscores the unwavering commitment of KOICA to fostering progress in Cambodia. The profound impact of KOICA’s Official Development Assistance (ODA) is evident across key sectors, with a strategic focus […]

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HE Sok Siphana: China to Increase Investment with Cambodia in 2024

A promising outlook for Cambodia-China economic and trade cooperation in 2024 has been painted by Sok Siphana, senior minister and Chairman Emeritus of the Board of Directors of the Asian Vision Institute. Mr Sok envisions a year of deeper collaboration, emphasising that the steadily increasing bilateral trade and investment volumes between the two nations will […]

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EU To Grant €86m Boost for Cambodia’s Transformative Programs

The European Union (EU), under the Global Gateway framework, is set to inject approximately US$94 million (€86 million) in grant funding to Cambodia. The Ministry of Economy and Finance, in its press release dated 15 January 2024, revealed the EU’s commitment to support Cambodia’s progress through four pivotal programs. During a meeting with HE Dr. […]

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Cambodia’s Coastal Wealth: Minister of Land Envisions $2 Billion Annual Contribution

In a visionary statement, His Excellency Say Sam Al, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction (MLMUPC), revealed the immense economic potential of the Cambodian Sea, projecting a substantial annual contribution of approximately US$2 billion to the nation. The declaration came during a pivotal meeting on 8 January 2024, convened […]

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Industry​ Ministry Registers 201 New Factories Amidst Growth Challenges

The industrial sector in Cambodia witnessed a robust surge as the Ministry of Industry, Technology, Science, and Innovation proudly registered 201 new factories in the first 11 months of 2023. Simultaneously, 93 factories have either closed or temporarily shut down, marking a dynamic landscape of growth and adaptation. According to HE Heng Sokkung, Secretary of […]

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Cambodia Attracts 15 New Investment Projects Worth US$247m in 15 Days in December

In a remarkable economic stride, Cambodia has welcomed a wave of 15 new investment projects, collectively injecting over US$247 million into the nation’s burgeoning industrial landscape within just 15 days in December 2023. The Council for the Development of Cambodia (CDC) has granted registration certificates to these visionary enterprises, poised to stimulate economic growth and […]

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Japan’s Noble Initiative: US$1.3 Million Boost to Cambodian Demining Projects in Two Provinces

In a benevolent gesture, the Government of Japan has extended a generous grant of US$1,390,117 to the Japan Mine Action Organisation (JMAS) in Cambodia, marking a pivotal step towards fostering safety and reconstruction. The signing ceremony for this grant, dedicated to demining initiatives, took place on 19 December 2023. During the ceremony, HE Ou Nou […]

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Building Bridges of Progress: Europe’s 30-Year Investment Surpasses US$1.4 Billion in Cambodia’s Key Sectors

In an enduring partnership spanning three decades, the European Union has been a steadfast supporter of Cambodia’s development, injecting over US$1.4 billion from 1992 to 2022 into crucial sectors. The Council for the Development of Cambodia, in a press release dated 12 December 2023, revealed that this substantial cooperation financing, constituting 4.9% of all support […]

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