South Korea’s Gyeongbuk Technopark Sets Sights on Technology Park Collaboration in Cambodia

The Gyeongbuk Technopark Korea Innovation Centre is exploring collaboration opportunities with Cambodia’s Ministry of Industry, Science, Technology, and Innovation (MISTI) to invest in a high-tech innovation hub in Cambodia, aligning with the nation’s strategic development goals in smart agriculture, health, and green technology. This promising development was discussed on 28 October 2024 durin...

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Cambodia & China Unveil Strategic Digital Infrastructure Partnership to Drive Economic Growth

The Ministry of Industry, Science, Technology, and Innovation (MISTI) of Cambodia and the China-ASEAN Information Harbor  (CAIH) have signed a pivotal Memorandum of Understanding (MoU), marking a significant advancement in digital infrastructure collaboration aimed at transforming economic development in Cambodia and the ASEAN region. The agreement, signed on 24 October 2024, is expected to enh...

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China Grants USD 20m on School Infrastructure & Education Improvement Project in Cambodia

In a significant step for Cambodia's educational development, a USD 22.5 million project dedicated to improving school infrastructure and supplying educational materials was officially inaugurated at Hun Sen Peam Chi Kang High School in Kampong Cham province, under the presidency of PM Hun Manet on 26 October 2024 The ambitious project, primarily funded by the People’s Republic of China, aims t...

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USAID Grants USD 55 Million to Cambodia, Prioritising Food Security, Health & Environment

The United States, through the United States Agency for International Development (USAID), has allocated over USD 55 million to strengthen Cambodia’s food security, environmental conservation, civil society, health, investment landscape, and demining efforts. This major funding package was detailed in a press release from USAID on 22 and 23 October 2024. Ms. Samantha Power, Director of USAID Gl...

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Australia Invests USD 65 Million to Enhance Cambodia’s Economic Growth through CAPED Program

The Australian Government has committed approximately AUD 87 million (USD 65 million) in new grant funding to the Cambodia-Australia Partnership for Sustainable Economic Development (CAPED) program, aiming to bolster Cambodia's economic resilience and growth. The announcement was made through a press release from the Ministry of Economy and Finance on 17 October 2024. The CAPED program represen...

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Bokor Mountain Cable Car Project Under Study by Sokimex, Doppelmayr & Confluences

Sokimex Investment Group (SIG) has granted permission for Doppelmayr and Confluences to explore the feasibility of a cable car system on Bokor Mountain in Kampot province, aiming to boost tourism and economic growth. This announcement was shared on the official Facebook page of SIG on 21 October 2024, confirming the companies' involvement in assessing the technical and economic aspects of the proj...

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Hungary Pledges Support to Boost Foreign Investment in Cambodia

Hungary has vowed to expand its cooperation with Cambodia by actively encouraging foreign investors to explore and pursue business opportunities within the kingdom, aiming to strengthen trade and economic ties. The commitment was expressed by HE Tibor Baloghd, the Hungarian Ambassador to Cambodia, during a meeting with Samdech PM Hun Manet on 23 October 2024. During the meeting, Ambassador Tibo...

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Thailand Pitches “6 Countries, 1 Goal” Initiative to Boost ASEAN Tourism

Thailand has proposed a groundbreaking tourism initiative named "6 Countries, 1 Goal" to strengthen collaboration and tourism flow within the ASEAN region. The proposal, aimed at creating seamless travel experiences across Brunei, Cambodia, Laos, Malaysia, Vietnam, and Thailand, was discussed during a meeting on 21 October 2024 between Mr Dusit Menapan, adviser to the Thai Foreign Minister, and...

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Private Sector Prioritises Three Key Measures to Boost Cambodia’s Automotive & Electronics Industry

Cambodia's private sector has identified three pivotal measures from a list of 20 priorities to drive the development of the nation's automotive and electronics industry. This decision emerged from the second meeting of the Advisory Council for the Development of the Automotive and Electronics Sector, organized by the Council for the Development of Cambodia (CDC) on 10 October 2024, with over 1...

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Korea Provides Professional Training for Cambodia to Enhance Cultural Heritage Preservation & Tourism Development

APSARA Authority and the Korean Heritage Agency have launched a four-day training program to bolster Cambodia's cultural heritage management, focusing on conservation, tourism development, and leveraging cultural assets. Radio National of Cambodia announced this collaborative effort on 8 October 2024. The initiative, held from 7 to 10 October 2024, aims to integrate expertise from Korean herita...

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