Guangzhou to invest $1.4 billion to build infrastructure for flying car by 2027
Guangzhou is set to invest over 10 billion yuan ($1.4 billion) by 2027 in the burgeoning “low-altitude economy,” targeting the development of services operating below regular commercial aviation altitudes. This substantial investment is part of China’s strategic push to invigorate its slowing economy, according to Asia.nikkei.com dated June 4, 2024. The ambitious plan involves building […]
The Bak Kheng Water Treatment Plant, Phase 3 groundbreaking, Phase 2 officially inaugurated
The third phase of the Bak Kheng Water Treatment Plant has begun construction, while the second phase was officially inaugurated under the presidency of HE Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance on June 25, 2024. During the inauguration, HE Aun Porn Moniroth stated, “The commissioning of the second phase […]
More than 200 Vietnamese investment projects with nearly US$3 billion operating in Cambodia
Currently, 208 investment projects by Vietnamese investors are operating in Cambodia with a total registered capital of US$2.91 billion, according to a report from the Vietnamese Embassy. In an interview with the state-run Cambodian News Agency (AKP), HE Nguyen Huy Taing, Ambassador of Vietnam to Cambodia, stated that Vietnamese investment projects are among the top […]
Vietnam’s Trade Ministry Requests PM’s Approval on Cambodian Sand Imports to Address 2.3 Million m3 Demand
The Vietnamese Ministry of Industry and Trade has proposed to Prime Minister Phạm Minh Chính to import construction sand from Cambodia to address the country’s annual demand of 2.3 million cubic meters. This recommendation follows a feasibility study indicating Cambodia’s ability to supply sand for Vietnam’s long-term construction needs, as reported by Vietnamnews.vn on 24 […]
Island Hopping Adventure Awaits: New Maritime Route to Connect Thailand, Vietnam, and Cambodia
Thailand, Cambodia, and Vietnam are collaborating on a new maritime route to enhance tourism, trade, investment, and industrial activities along their coastal regions. The project, connecting Thailand’s Trat province, Cambodia’s Sihanoukville, and Vietnam’s Kien Giang, aims to foster economic growth and was announced during the “Cambodia-Vietnam-Thailand Economic Corridor (CVTEC) – Trat Business Roadshow 2024” on […]
World Bank provides another US$ 145M to Cambodia to improve water supply infrastructure
The World Bank has decided to provide Cambodia with a US$145 million loan to support the implementation of a project aimed at improving the country’s water supply infrastructure. The loan is funded by the World Bank’s International Development Association (IDA). This initiative is expected to benefit over 113,000 people and will be implemented over 5 […]