Singapore Mulls Investing More in Three Major Sectors in Cambodia

Singapore Mulls Investing More in Three Major Sectors in Cambodia

Singapore’s Minister for Foreign Affairs Vivian Balakrishnan has said Singapore intends to invest more in three major high-potential sectors in Cambodia including trade, cold chain, and logistics.

HE Vivian Balakrishnan cited the investment plan during the official meeting with Cambodia Prime Minister Samdech Hun Sen Wednesday 6 February, while praising Cambodia for being a country with the highest vaccination rate in the region.

He added that the strong COVID-19 management of Cambodia makes Singaporean investors more confident and willing to invest more in Cambodia, especially in the cold chain, warehouse, and logistic sectors.

In response, Samdech Hun Sen encouraged all investments but urged Singapore to consider investing in education, health and other sectors.

Regarding the large-scale Singaporean investment in Cambodia, the US$200-million Phnom Penh Logistics Complex (PPLC) project is moving forward and is expected to begin construction this year.

The Ministry of Public Works and Transport (MPWT) has already signed a framework agreement with Singapore’s YCH.

YCH Group Chairman Robert Yab said that Cambodia is a high potential investment destination, especially in the sector of logistic infrastructure. (Read more)

- Video Advertisement -

Related Post

Nippon Koei and Inoue Calcium Target Cambodian Cashew Processing Industry

Nippon Koei and Inoue Calcium Target Cambodian Cashew Processing Industry

  • 31 January 2025

Two foreign companies, Nippon Koei Business Partners Co., Ltd. and Inoue Calcium Corporation, are set to make significant investments in Cambodia’s growing cashew processing sector. They aim to enhance the quality of cashew nuts for export, particularly to Japan. On January 30, 2025, two important meetings took place that could impact the future of Cambodia’s […]

Cambodia’s Real Estate Market Faces Mixed Signals Amid Regional Benchmarks

Cambodia’s Real Estate Market Faces Mixed Signals Amid Regional Benchmarks

  • 27 January 2025

Cambodia’s commercial real estate market reveals significant challenges with office occupancy rates at 65.1%, well below the international benchmark of 85-90%, while maintaining premium rents at $27 per square meter, according to the “Fearless Forecast” report presented by CBRE Cambodia Chairman Marc Townsend at Novotel Phnom Penh BKK1 on 14 January 2025. The retail sector […]

Cambodia to Establish Private Business Centers in the UK and India to Attract Investors

Cambodia to Establish Private Business Centers in the UK and India to Attract Investors

  • 22 January 2025

Cambodia is set to establish private trade centers in London and New Delhi to promote Cambodian products in international markets and draw foreign investors. This initiative was discussed during a meeting on January 20, 2025, between Lok Chumteav Chamnimol, the Minister of Commerce, Tycoon Lim Bunsour, CEO of AZ Group, and Mr. Jas Sohl, Director […]

Cambodia Poised for Economic Windfall as U.S. Trade Policy Shifts from Vietnam

Cambodia Poised for Economic Windfall as U.S. Trade Policy Shifts from Vietnam

  • 20 January 2025

Cambodia stands to emerge as a major beneficiary of potential U.S. trade policy shifts, with experts predicting significant manufacturing opportunities if Donald Trump returns to office, particularly as Vietnam faces possible trade tariffs similar to those previously imposed on China, according to 2025 Fearless Forecast shared at a Real Estate Forum in Novotel Phnom Penh […]

Sweden’s Largest Factory Unveiled in Phnom Penh: A New Era for Cambodia’s Economy

Sweden’s Largest Factory Unveiled in Phnom Penh: A New Era for Cambodia’s Economy

  • 18 January 2025

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 […]

Emerging Green Journey: Cambodia’s Electric Vehicle Boom in 2024

Emerging Green Journey: Cambodia’s Electric Vehicle Boom in 2024

  • 17 January 2025

In 2024, Cambodia experienced a remarkable increase in electric vehicle registrations, reaching a total of 2,253—a staggering 620% rise compared to 2023. HE Phorn Rim confirmed this, the Ministry of Public Works and Transport spokesman, on January 15, 2025. This substantial growth indicates a positive shift towards green transportation in Cambodia. HE Phorn Rim stated, […]