Business and Market
Construction Begins on Vietnam’s US$520-million Industrial Park
Construction has begun on a 10-sq-km industrial park in Vietnam’s southern province of Binh Thuan with a ground-breaking ceremony attended by Prime Minister Pham Minh Chinh. The construction will cost US$520 million and the park will serve sectors ranging from building materials to food processing when complete in 2025, according to GCR. The park will […]
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OCIC & Malaysian Association Expand Cooperation in Boosting Construction & Real Estate Sector
Overseas Cambodian Investment Corporation (OCIC) and Malaysia Retail Chain Association (MRCA) have signed more MoUs to boost their respective lines of business in Cambodia. According to the OCIC announcement on 5 September, the cooperation will help expand both parties’ businesses including shopping centers, aviation, satellite city development, real estate development, construction and construction supplies, hotels […]
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Future of Unfinished Construction in SHV: Perspective of Investors, Government & Locals
After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville’s economy plummeted while the overheated real estate market in the province finally cooled and dramatically so. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price […]
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Chinese to Establish Large-Scale Edible-Nest Swiftlet Processing Plant
The Cambodia (Xiamen) Commercial Center, a representative of the Cambodian Business Center in Xiamen city in China, is cooperating with Southeast Yandu (Xiamen) Industrial Development Co., Ltd. to build a large-scale edible-nest swiftlet processing plant in Cambodia for export to China. The two firms signed a Memorandum of Understanding (MOU) on the agreement to export […]
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Naga Corp Earns Net Profit of US$52 million in H1 2022
Hong Kong-listed NagaCorp Ltd, the operator of the casino resort monopoly in Phnom Penh, earned a total profit of US$52 million in the first half of 2022. The figures were mentioned in a filing dated 18 July to the Hong Kong Stock Exchange. The profit of US$52 million is a major increase compared to a […]
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Asia’s Richest Woman Loses Half Her Wealth in China Property Crisis
Asia’s wealthiest woman lost more than half her fortune over the past year as China’s real estate sector was rocked by a cash crunch, a billionaire index showed on Thursday 28 July. Yang Huiyan is a Chinese-born billionaire businesswoman and property developer. She is the majority shareholder of Country Garden Holdings, a stake largely transferred […]
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Fifth Largest Bottle Manufacturer in the World Invests to Expand Market in Cambodia
Swire is a leading brand of beverage bottles in the United States and the fifth largest producer of Coca-Cola bottles in the world. Swire in Hong Kong recently announced a US$1.01 billion investment to expand the Coca-Cola market in Cambodia and Vietnam, according to Nikkei Asia on 18 July 2022. “This expansion of territories is […]
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MPWT Requires Road Infrastructure Construction Company Owners to Have a Licence
The Ministry of Public Works and Transport (MPWT) announced on 18 July 2022 that public entities and private companies wanting to renew their licences for any road infrastructure business or change the type of license must apply to the Ministry of Public Works and Transport at least three months before the license expiration. When applying […]
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143 Cambodia Casinos Applied for Annual Licence: Regulator
A total of 143 casinos in Cambodia have submitted their annual licensing application to the country’s gaming regulator. So far this year, only 13 licences have been issued, Ros Phirun, Secretary General at the Commercial Gambling Management Commission of Cambodia, told GGRAsia. “The law on commercial gambling management requires a minimum capital investment, plus the […]
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My Second Home Impel Cambodia to compete with Thailand
Cambodia My Second Home has impelled Cambodia to become a competitor to Thailand to attract foreign investors through real estate developments. This is according to pattayamail published on July 12, 2022. Cambodia My Second Home is not the same as the 10-year visa application for the new Thai Immigration Initiative, as it does not provide […]
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