Sweden’s Largest Factory Unveiled in Phnom Penh: A New Era for Cambodia’s Economy
In a landmark event on January 17, 2025, Sweden’s prestigious glove manufacturer, HESTRA (Cambodia) Co., Ltd., officially opened the doors to its state-of-the-art factory located in the Royal Phnom Penh Special Economic Zone. The inauguration ceremony was graced by notable figures, including HE Chea Vuthy, Secretary-General of the Investment Committee of Cambodia, and Ms. Anna […]
Chinese Mining Firms Eye Expansion in Cambodia’s Potent Resource Sector
In a promising development for Cambodia’s mining industry, Beijing Endi (Group) Co., Ltd., a prominent mining investment firm based in China, has set its sights on expanding operations in the kingdom. This ambition was underscored during a pivotal meeting on 15 January 2025, between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and […]
Japan Grants USD 7.2 Million to Cambodia for Social & Economic Development
The Japanese government has extended a grant of 1,002 million yen, equivalent to USD 7.2 million, to support a range of social and economic development initiatives. The funding was formalized through the signing of the Exchange of Letters and related documents by HE Deputy Prime Minister Prak Sokhon, Minister of Foreign Affairs and International Cooperation, […]
ADB Commits USD 403 Million to Catalyse Cambodia’s Development Across Six Strategic Sectors
The Asian Development Bank (ADB) has approved USD 403 million in loans and grants to support six transformative development projects in Cambodia, focusing on education, gender equality, business, water management, and rural development. This commitment, announced by ADB Country Director Ms. Jyotsana Varma during a signing ceremony on 17 December 2024, aligns with the ADB’s […]
Chinese Investors Commit USD 2 Billion to Transform Kampong Speu Province
Chinese investors have pledged a transformative USD 2 billion investment into Kampong Speu Province, aiming to invigorate its economy, expand manufacturing capacity, and create approximately 30,000 job opportunities. This landmark announcement was made by HE Cheam Chansophoan, Governor of Kampong Speu, during a high-profile visit to Hong Kong on 21 December 2024. This significant financial […]
SHV Port Achieves Record 1 Million TEUs, Cementing Its Role as a Regional Trade Hub
Sihanoukville Port has reported a record-breaking 1 million TEUs (twenty-foot equivalent units) of container traffic in 2024, reflecting an impressive 29% increase compared to the previous year. This milestone underscores the port’s strategic importance in driving Cambodia’s trade and logistics ambitions, as announced on the official website of Sihanoukville Autonomous Port on 21 December 2024. […]