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AEON Mall Vietnam to Invest Over US$167m in Landmark Thanh Hoa Shopping Centre
AEON Mall Vietnam has secured approval from Thanh Hoa provincial authorities to invest over US$167 million in a large shopping centre spanning 10.5 hectares, set to become the largest commercial hub in the northern region of Vietnam. This significant investment, reported by VNEXPRESS on 4 August 2024, underscores AEON Mall's commitment to expanding its footprint in Vietnam's retail landscape. T...
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19 Japanese Firms Set Sights on Cambodia’s Green Technology & Carbon Credit Sectors
A total of 19 Japanese companies have shown strong interest in investing in Cambodia’s green technology and carbon credit sectors, a promising development discussed during a high-level meeting between Prime Minister Samdech Hun Manet and Ms Mio Kawada, Vice President of the Japan External Trade Organization (JETRO), on 7 August 2024. Representing the interests of the 19 companies, Ms Mio Kawada...
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NR 31 Rehabilitation Project Nears Completion at Over 96%, Ahead of Schedule
The rehabilitation and upgrade of NR No. 31, covering a distance of over 53 kilometres, has achieved an impressive 96.10% completion as of early August 2024. With this pace, the project is expected to be completed a full year ahead of schedule, while maintaining the highest technical standards, according to the Ministry of Public Works and Transport on 9 August 2024. The ministry confirmed that...
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LSCG Group Announces US$168m Investment to Revive Stalled Developments in Sihanoukville
LSCG Group, under the leadership of CEO Ly Sokchhay, has announced a substantial US$168 million investment to develop stalled buildings in Sihanoukville. This investment is part of a joint venture with companies from the United States and Singapore, aimed at revitalising key real estate projects in the city. The announcement follows years of strategic meetings with Sihanoukville's management an...
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Tbong Khmum Plants 10,000 Palm Trees Along Cambodia-Vietnam Border as a Legacy for Future Generations
In a significant environmental initiative, authorities in Tbong Khmum province, alongside residents, have planted 10,000 palm trees along the Cambodia-Vietnam border to promote environmental awareness and create a lasting legacy for future generations. This tree-planting effort, which took place on 7 August 2024 in Ponhea Krek District, was led by HE Eang Sophalleth, Minister of Environment and th...
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The Gov’t Explores Two Road Options to Connect Tonle Bassac Bridge to NR 1
The Ministry of Public Works and Transport is evaluating two potential routes to connect the new US$60 million Bassac River Bridge, which links Chak Angre Krom to Prek Pra, with NR No. 1. During a project meeting on 7 August 2024, chaired by HE Suong Heng, Secretary of State, the team reviewed these alternatives: the first route spans 1.595 km, while the second covers 1.490 km. Both roads aim t...
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Cambodia Approves Over 1,600 Construction Projects in H1 2024 Amid Declining Investments
In the first half of 2024, Cambodia's Ministry of Land Management, Urban Planning and Construction greenlit 1,642 construction projects, marking an 11% decrease from the same period last year. The approved projects span a total area of 6.14 million square metres, representing a 9.8% decline, with investment capital totalling US$2.53 billion, down 8.1%, according to a Socio-Economic Trend Report...
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Exclusive 2-Day Offer: 10 Incredible Promotions on 10 New Twin Villas at Borey Peng Huoth!
Borey Peng Huoth is rolling out an exceptional Weekend Special this August, offering 10 exclusive promotions on just 10 new Model Twin Villas at Borey Peng Huoth Grand Star Platinum (Chbar Ampov). Set for 10-11 August 2024, from 9am to 7pm, this limited-time event presents a golden opportunity for homebuyers to secure unprecedented deals. During the two-day event, buyers will benefit from an ar...
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CDC Collaborates with EUROCHAM to Streamline Business Procedures to Attract More Foreign Investment
Cambodia’s Council for the Development of Cambodia (CDC) and the European Chamber of Commerce in Cambodia (EUROCHAM) have taken significant steps to streamline investment procedures, aiming to attract more foreign investments into the country. In a strategic meeting held on 7 August 2024, chaired by HE Sun Chanthol, Deputy Prime Minister and first Vice President of the CDC, and Mr Tassilo Brinzer,...
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Cambodian Gov’t Allocates US$1.359bn in Subsidies to Support 700,000 Vulnerable Families
The Cambodian government allocated US$1.359 billion to support approximately 700,000 poor and vulnerable families, benefiting a total of 2.8 million individuals. This major financial commitment was highlighted during the 12th meeting of the National Council for Social Protection at the end of July 2024. The cash assistance program spanned 46 months, including a full implementation period from J...
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NR33 (Kampot-Chrak Lok) Rehabilitation Reaches 90.84% Completion
The rehabilitation and quality improvement of NR No. 33, connecting Kampot to Chrak Lok, has reached 90.84% completion as of the end of July 2024. This crucial infrastructure project, which spans approximately 52.57 km and passes through Kampot province, Kep city, and Damnak Chang Eur district, was inspected by HE Pal Chandara, Secretary of State of the Ministry of Public Works and Transport, alon...
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Cambodia Approves 44 New Investments Worth US$396m in July
In July 2024, the Council for the Development of Cambodia approved 44 new investment projects, including 41 new ventures and three production expansion projects, totalling US$396 million and creating 25,000 jobs. This significant investment approval highlights Cambodia's growing attractiveness to investors. Among the 44 projects, 31 are located outside the Special Economic Zones (SEZs) and 13 w...
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