Cambodia Officially Withdraws from CLV Development Triangle, Focuses on National Infrastructure Projects

• 23 November 2024
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Cambodia has officially announced its withdrawal from the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA), marking a shift in its regional development strategy. The decision was formalized through the promulgation of the Law on the Approval of the Agreement on the Promotion and Facilitation of Trade in the CLV-DTA and will take effect upon the completion of the withdrawal process.

Despite this departure, PM Samdech Hun Manet reaffirmed the Royal Government’s commitment to advancing development in Cambodia’s four northeastern provinces. Key initiatives include ongoing border demarcation efforts, infrastructure improvements, and the introduction of investment incentives by 2025. (Read more)​

Among these infrastructure projects is the construction of a 250-kilometre border ring road with an investment of nearly USD 27 million. This project commenced on 1 November 2024 and is slated for completion by April 2027, with 147.42 kilometers in Mondulkiri province and 102.58 kilometers in Ratanakiri province, featuring a four-lane design to enhance regional connectivity.

Under the CLV-DTA agreement, Cambodia’s involvement facilitated 105 projects worth USD 3.7 billion in investments across the four northeastern provinces. While the withdrawal marks the end of an era, it also signifies a new focus on national-level strategies aimed at promoting sustainable growth and regional self-reliance. (Read more)

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