Toyota Unveils US$36 Million Assembly Plant in Phnom Penh SEZ
In a significant boost to Cambodia’s automotive industry, a new Toyota assembly plant, valued at over US$36 million, was officially inaugurated in the Phnom Penh Special Economic Zone on 2 May 2024. This landmark event was presided over by Samdech Hun Manet, Prime Minister, marking a new era in the country’s manufacturing capabilities. The Toyota […]
SHV Port Marks Remarkable Growth with 240K TEUs of container, a 23% Increase in Container Traffic in Early 2024
In the first quarter of 2024, the Sihanoukville Autonomous Port witnessed a significant surge in its operational capacity, handling 240,000 Twenty-Foot Equivalent Units (TEUs) of containers. This marks an impressive increase of more than 23% compared to the corresponding period in 2023. The announcement was made by His Excellency Peng Po Nea, Minister of Public […]
Cambodia Sets the Stage for Electric Vehicle Revolution with New Draft EV Policy 2024-2030
In a groundbreaking move poised to reshape Cambodia’s economic and social landscape, the Ministry of Economy and Finance (MEF) unveiled a comprehensive draft policy on the development of the electric vehicle (EV) sector for the period 2024-2030. Announced in a press release dated 24 April 2024, this initiative marks a significant step towards integrating technology […]
Phnom Penh Unveils ASEAN-International Business Center: A New Era for Vegetable Wholesale Market
Marking a significant milestone in the agricultural and real estate sectors of Cambodia, the ASEAN-International Business Center, also known as Phsar Doeum Kor Thmey, commenced operations on 27 April 2024. Situated in Sangkat Kork Roka, Khan Prek Pnov, this expansive 20-hectare development on Boeung Ta Mok land is now the largest international vegetable wholesale market […]
MoWRAM Initiates Swift Upgrades on Irrigation Systems Across Five Provinces to Beat the Rainy Season
In a significant move to enhance agricultural productivity ahead of the impending rainy season, the Ministry of Water Resources and Meteorology (MoWRAM) is fast-tracking the repair and improvement of critical irrigation systems in five provinces. This ambitious initiative, targeting key infrastructures including the North Melang Chrey Canal in Kampong Speu Province and the Spean Sreng […]
Gov’t Unveils Special Incentives for Revival of US$213m Worth of Stalled Projects in Sihanoukville
In a strategic move to revitalise stalled developments, Sihanoukville’s Investment Promotion Team has announced a series of special incentives targeting 14 projects valued at approximately US$213 million. The decision, made during a meeting chaired by HE Hean Sahip, Secretary of State of the Ministry of Economy and Finance and Chairman of the Investment Promotion Working […]