Projects Development
Vietur Consortium Wins Bid to Construct US$1.5 Billion Long Thanh International Airport Terminal
The Airports Corporation of Vietnam (ACV) has awarded the construction of the US$1.5 billion terminal at Long Thanh International Airport, located near Ho Chi Minh City, to the Vietur Consortium. This consortium, led by the seasoned Turkish contractor IC Içtas, boasts the participation of nine Vietnamese companies alongside IC Içtas itself. Notably, this selection follows […]
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Koh Kong to Welcome Zhejiang SEZ’s Ambitious Expansion: 1,000Ha to Boost Foreign Investments
Koh Kong province in Cambodia is gearing up to expand foreign direct investment with the expansion of the Zhejiang Special Economic Zones (SEZs) into a strategic new location in Koh Kong province, encompassing a sprawling 1,000 hectares of prime land. This promising development took centre stage during the recent visit of HE Sun Chanthol, Deputy […]
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US$16m Sewerage & Wastewater Treatment Plant Inaugurated in Stoeung Sen
Stoeng Sen City in Kampong Thom province has celebrated the official inauguration of the Stoeng Sen Sewerage & Wastewater Treatment Plant Project, a remarkable initiative valued at over US$16 million. The facility was inaugurated by HE Peng Po, Minister of Public Works and Transport, on 15 September 2023, signifying a significant stride towards modernising and […]
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Cambodia’s Investment Landscape Grows: Six Projects Worth US$34.6 Million Approved
The Council for the Development of Cambodia (CDC) has given the green light to six ambitious projects. These projects, with a combined investment of US$34.6 million, are set to not only contribute significantly to the country’s economic growth but also generate 7,584 employment opportunities in Kampong Speu, Takeo, and Phnom Penh. The CDC announcement on […]
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Chinese Giant DANONG Partners with Four Firms to Cultivate Cambodia’s Agricultural Potential
DANONG Agricultural Development Group, a major Chinese company, has inked agreements with four strategic partners for substantial agricultural investments in Cambodia. The signing ceremony took place on 12 September 12023. The esteemed collaborators joining forces with DANONG are the Cambodia Agriculture Cooperative Alliance (CACA), Agri Bank Construction Land, Panagri International Farm Co., Ltd., and Century […]
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Japan’s Strategic Investment Plans: Advancing Cambodia Through High-Tech Raw Materials Processing
Japanese investors have expressed keen interest in bolstering small and medium enterprises (SMEs). Their vision includes harnessing cutting-edge Japanese technology to process Cambodian raw materials into high-quality finished products, primed for export. This initiative holds the potential to not only boost the Cambodian economy but also impart crucial skills to its workforce. The announcement came […]
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Toyota Assembly Plant in Phnom Penh SEZ Inaugurated Next Year
Exciting news on the automotive front with the much-anticipated Toyota assembly plant, nestled within the Phnom Penh Special Economic Zone (SEZ), being poised for a grand inauguration in 2024. His Excellency Ueno Atsushi, Japanese Ambassador to Cambodia, recently shared this pivotal update during his courtesy call on Hun Sen, a significant event hosted at the […]
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Phnom Penh’s New Koh Pich-Koh Nora Bridge Set to Open Temporarily in October
The cable-stayed concrete bridge spanning from Koh Pich to Koh Nora in the Chamkarmon and Chbar Ampov districts is now complete and poised for inauguration on 27 October. This eagerly awaited development was announced during a bridge connection ceremony presided over by His Excellency Khuong Sreng, the Governor of the Board of Governors of Phnom […]
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One US-based chipmaker committed US$1.5b to build the largest chip-making factory in Ho Chi Minh City
Following President Biden’s visit to Vietnam, the United States has announced a groundbreaking semiconductor partnership that aims to leverage Vietnam’s potential in bolstering resilient semiconductor supply chains, according to the White House’s Press dated 11th, September 2023. “The United States recognizes Vietnam’s potential to play a critical role in building resilient semiconductor supply chains, particularly […]
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New East Solar Energy: From Cambodia Brand to the USA, Lighting Up a Brighter Clean Technology Future
New East Solar Energy, a prominent player in the solar industry based in Cambodia, is expanding its horizons across the globe. The company is set to inaugurate a colossal 2-gigawatt (2 million kilowatts) solar panel manufacturing facility in Phoenix, Arizona, contributing to the creation of 350 jobs. This groundbreaking development, reported by Solar Power World […]
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