Cambodia-China Bilateral Trade Surges to US$10 Billion, 4.6% Up, in the First 10 Months of 2023
Cambodia’s trade with China flourished in the first 10 months of 2023, with bilateral trade volume reaching an impressive US$10 billion, marking a notable 4.6% increase compared to the previous year. This announcement was made by National Assembly President Samdech Khuon Sodary during a productive working meeting with HE ZHANG Qingli, Vice Chairman of the […]
Royal Railway Cambodia to Introduce High-Speed Train Network in June
Royal Railway Cambodia has announced plans to revolutionize Cambodia’s transportation sector with the launch of high-speed trains connecting Phnom Penh to Sihanoukville and Poipet by June 2024, as reported by Apsara TV on 22 April 2024. The upcoming trains, ordered from Japan, are set to operate at speeds ranging between 90 and 110 km per […]
Australia’s 30-Year Commitment: Catalyzing Cambodia’s Development Across Key Sectors with US$ 1 Bil Aid
Over the past 30 years, the Australian Government has provided more than US$ 1 billion For three decades, the Australian Government has been instrumental in Cambodia’s development journey, extending over US$1 billion in official development assistance to bolster pivotal sectors within the nation. This landmark contribution underscores Australia’s unwavering commitment to Cambodia’s progress, as highlighted […]
Manhattan SEZ to Expand Operations in Svay Rieng Province
In a significant move aimed at bolstering economic development in Cambodia, Manhattan Special Economic Zone (SEZ) has announced plans for further expansion in Bavet City, Svay Rieng Province, in collaboration with Singapore’s SJ Group. The announcement came following a high-level meeting between HE Sun Chanthol, Deputy Prime Minister and first Vice President of CDC, Mr. […]
World Bank Allocates US$35 Million for Climate-Resilient Road Project in Cambodia
The World Bank has greenlit an additional US$35 million credit to fortify road infrastructure against climate change impacts in three Cambodian provinces, as announced in a recent press release. This allocation, approved by the World Bank’s Board of Executive Directors on March 15, supplements the ongoing Cambodia Road Connectivity Improvement Project (RCIP), aimed at enhancing […]
Cambodia Secures US$1.81 Billion in Concessional Loans for Public Investment Projects in 2023
In 2023, the Cambodian government inked substantial concessional loan agreements with development partners, amounting to a noteworthy US$1.81 billion. This figure represents 79 percent of the legal ceiling permitted by Law (SDR 1,700 million), as revealed in the Cambodian Public Debt Statistics Bulletin released by the Ministry of Economy and Finance. The newly signed concessional […]