PM Signifies Demographic Census Data as a Compass for Policymaking With Over 750,000 Enterprises Updated
As of March 2022, Cambodia boasts a total of 753,670 operational firms, showcasing a staggering 49% increase compared to the 2011 economic census, which recorded 505,134 enterprises. This significant revelation was released the Ministry of Planning on 26 December under the auspices of Samdech Hun Manet, Prime Minister of Cambodia, which disclosed a remarkable surge in operational enterprises. T...
Read MoreAeon’s Strategic Leap: Revolutionising Logistics with AI Precision
In a groundbreaking move set to redefine the landscape of Japanese retail logistics, Aeon, the prominent retail group, is embarking on an ambitious overhaul of its logistics operations. The initiative, slated for implementation next spring across approximately 3,300 domestic stores, is a proactive response to the impending legal restrictions on driver overtime, set to take effect in April, accordi...
Read MoreVietnamese Giant Tech FPT Accelerates Tech Footprint in the U.S. with US$100m Investment in Auto Services
Vietnam's technology behemoth, FPT Corporation, has embarked on an ambitious venture into the U.S. automotive sector with the inauguration of FPT Automotive, a specialized unit based in Texas. This strategic move is part of a substantial US$100 million investment earmarked for the automotive industry over the next five years. This is according to the Nikkei Asia on 18 December 2023. FPT Automot...
Read MoreCambodia-Japan Special Economic Zone Unveiled: A Strategic Alliance for Economic Prosperity
In a pivotal meeting between key inter-ministries and a high-level Japanese delegation led by HE Ueno Atsushi, Ambassador of Japan to Cambodia, discussions unfolded on a groundbreaking initiative—the establishment of the Cambodia-Japan Special Economic Zone. Chaired by HE Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia, the meeting aimed t...
Read MoreApple Transfers Key iPad Engineering Resources to Vietnam
In a strategic move, Apple is reportedly channeling product development resources for its iPad to Vietnam, marking a significant shift in its global manufacturing landscape. Collaborating with China's BYD, a pivotal iPad assembler, Apple is set to transfer New Product Introduction (NPI) resources to Vietnam—an unprecedented move for a core device, according to sources briefed on the matter, as rep...
Read MoreEuropean Ventures into Cambodia’s Thriving Port and Logistics Landscape
CMA CGM (Cambodia) Co., Ltd. A subsidiary of CMA CGM, the world's third-largest French container company has expressed a keen interest in spearheading two transformative projects in port transportation and logistics within Cambodia. The announcement came following a pivotal meeting between Ms. Esra BORA, General Manager of Cambodia/Vietnam for CMA CGM, and HE Peng Po, Minister of Public Works and ...
Read MoreCambodia Accelerates Industrial Growth with Two New Tyre Manufacturing Giants
Cambodia is set to welcome two new players in the tire manufacturing sector. The move will elevate the total count of tire factories in the country to five, marking a substantial expansion in the realm of rubber production. During his address at the annual meeting of the Ministry of Commerce on 21 December, HE Chea Vuthy, Secretary-General of the Cambodia Investment Board (CIB) at the Council f...
Read MoreCambodia Takes a Stand for Environmental Conservation: Prey Lang Mining Licenses Suspended
In a groundbreaking move towards environmental preservation, the Cambodian government, led by Prime Minister Samdech Hun Manet, has declared a halt on the issuance of mining licenses in the ecologically significant Prey Lang area. This pivotal decision was announced during the closing ceremony of the 2023 work review meeting and the 2024 work direction of the Ministry of Environment on 21 December...
Read More2024 Outlook: Regional Experts Projects Emerging Risks & Opportunities in Asia-Pacific Real Estate Market
As we approach 2024, the Asia-Pacific real estate scene is evolving amid emerging market realities. Investors are strategically focusing on resilience, delving into a complex yet promising market for astute opportunities. This is according to regional experts at Asian Investor, who provided a joint analysis on 19 December 2023. Market Insights: Valuations are settling, and sentiment is impro...
Read MoreIndustry Ministry Registers 201 New Factories Amidst Growth Challenges
The industrial sector in Cambodia witnessed a robust surge as the Ministry of Industry, Technology, Science, and Innovation proudly registered 201 new factories in the first 11 months of 2023. Simultaneously, 93 factories have either closed or temporarily shut down, marking a dynamic landscape of growth and adaptation. According to HE Heng Sokkung, Secretary of State at MISTI, the total count o...
Read MoreCambodia’s Green Leap: 55 Factories Save US$10m & Reduced 40k tco2-eq Annually through UNIDO’s TEST Project
In a resounding success for Cambodia's industrial sector, 55 factories, and enterprises have achieved substantial savings of approximately US$10 million annually while curbing emissions by a noteworthy 40,000 tons of greenhouse gases per year. This achievement comes as the United Nations Industrial Development Organization (UNIDO) concludes its transformative TEST project, celebrated at a closing ...
Read MoreCambodia’s PM Calls Upon Japan’s Help for Infrastructure Development
Samdech Hun Manet, Prime Minister of Cambodia, extended a request to Japan for collaboration in advancing the nation's road and bridge infrastructure. The request was made in a pivotal moment at the groundbreaking ceremony for the inaugural phase of the Sihanoukville Autonomous Port's deep-water port on 22 December 2023. This request aligns with the ongoing construction of the deep-water port, ...
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