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ខ្មែរ Cooperation and networking
Cambodia’s Trade Volume with RCEP Surges to Nearly USD 23bn in 8-Month Period, Up 17%
- 9 October 2024
Cambodia’s trade relations with the Regional Comprehensive Economic Partnership (RCEP) witnessed substantial growth in the first eight months of 2024, reaching an impressive USD 22.92 billion, a 17.2% increase compared to the USD 19.55 billion recorded during the same period last year. This spike in trade highlights Cambodia's deepening economic integration with RCEP member countries, which acc...
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Cambodia & Canada Forge New Path in Joint Venture Developments with MoU SigningCambodia & Canada Forge New Path in Joint Venture Developments with MoU Signing
- 9 October 2024
To strengthen bilateral investment and expand economic cooperation, Cambodia and Canada have formalized an agreement to promote joint venture projects, focusing on priority sectors such as agriculture, renewable energy, and technology. The MoU was signed between the Cambodian Duke Association and Excellence Industrielle Saint-Laurent (FISL) of Quebec, Canada, during the visit of Cambodia's Depu...
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ADB Partners with Two Cambodian Institutions to Drive Development with USD 360m Annual Investment
- 8 October 2024
The Asian Development Bank (ADB) is joining forces with the Ministry of Economy and Finance and the Cambodia Development Research Institute (CDRI) to accelerate Cambodia's development over the next five years. With an average annual loan of approximately USD 360 million between 2019 and 2023, ADB’s latest initiative will focus on boosting private sector growth and fortifying climate resilience. ...
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MISTI Announces USD 185 Million Water Supply & Sanitation Expansion Project
- 1 October 2024
The Ministry of Industry, Science, Technology, and Innovation (MISTI) has launched a USD 184.9 million project over the next five years to bolster Cambodia's water supply and sanitation services. This major initiative, designed to meet increasing demand and accelerate progress towards the UN's sustainable development goals for clean water and sanitation by 2030, is expected to be a game changer...
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World Bank Approves USD 80 Million Grant to Elevate Cambodia’s Education Sector & Renovate 147 Laboratories
- 30 September 2024
In a significant boost to Cambodia’s education system, the World Bank has approved a USD 80 million grant aimed at upgrading the country’s tertiary education and research infrastructure. Over the next six years, the financing will be used to renovate 147 laboratories across nine public higher education institutions, providing improved facilities for academic growth and research advancement. Thi...
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Cambodia Partners with Switzerland to Integrate Blockchain Technology in Smart City Project
- 28 September 2024
Cambodia’s Ministry of Industry, Science, Technology and Innovation has joined forces with the Swiss-based DFINITY Foundation to advance the use of Blockchain and artificial intelligence (AI) in the nation’s smart city projects. This partnership, formalized through a letter of intent signed at Singapore Blockchain Technology Week on 19 September 2024, aims to revolutionize Cambodia’s technology...
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Malaysia & Cambodia Unveil Cross-Border QR Payment Linkage
- 25 September 2024
In a major milestone for regional digital payments, Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) have successfully launched a cross-border QR payment linkage between Malaysia and Cambodia, aiming to connect over five million merchants across both countries, according to Asianbankingandfinance dated 20 September 2024. This ambitious initiative, which reached the end of its ...
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Japan Grants USD 54m Loan for Power Transmission Expansion in Phnom Penh
- 24 September 2024
Japan has extended a concessional loan exceeding USD 54 million to support the second phase of Phnom Penh's power transmission and distribution system expansion. The loan marks the third funding package to enhance the city’s electricity infrastructure, with plans to build substations and transmission lines connecting to the Chbar Ampov district. The agreement was officially signed by HE Ros Sil...
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Honda to Expand Capital Investment in Cambodia After 25 Years of Success
- 24 September 2024
Honda Motor Co., Ltd., through its local partner N.C.X. Co., Ltd, has announced plans to expand its investment in Cambodia, marking over 25 years of successful operations in the country. The decision followed a high-level meeting on 20 September 2024 between Prime Minister Samdech Hun Manet and Mr. Minoru Kato, Executive Director and Vice President of Honda, responsible for motorcycles. Mr. Kat...
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Cambodian Gov’t Secures Over USD 313m in Concessional Loans to Boost Public Investment
- 23 September 2024
The Cambodian government signed new concessional loans totalling USD 313 million with development partners in the first half of 2024, bringing the nation’s public debt to USD 11.27 billion. The Ministry of Economy and Finance recently reported that these new loans, equating to 14% of the legally permitted ceiling, will fund vital public investment projects to support long-term sustainable econo...
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