Cooperation and networking
Cambodia-Vietnam Trade Volume Surges to US$4.6bn in First Seven Months of 2024
In a significant boost to bilateral trade, Cambodia and Vietnam recorded a trade volume of US$4.6 billion between January and July 2024, reflecting a 23.5% increase compared to the same period last year. This data was revealed by the General Department of Customs and Excise of Cambodia on 16 August 2024. Cambodia’s exports to Vietnam reached an impressive US$2.2 billion, marking a robust 37.7% ...
Read MoreChery Holding Group Eyes Investment in Cambodia’s Automobile & Auto Parts Industry
Chery Holding Group, a leading Chinese conglomerate, has expressed a strong interest in investing in Cambodia’s burgeoning automobile and auto parts industry, with ambitions to serve domestic, regional, and international markets. This potential investment was highlighted during a meeting between Xu Hui, Deputy General Manager of Chery Holding Group Co., Ltd, and Cambodian Prime Minister Hun Man...
Read MoreKorea Commits US$3m to Preserve Tuol Sleng Museum Over Five Years
The Korea International Cooperation Agency (KOICA) has officially donated US$3 million to support the preservation of the Tuol Sleng Genocide Museum in Cambodia over the next five years. This significant contribution will fund the second phase of the "Tuol Sleng Genocide Museum Conservation and Copy Project (Phase 2)," running from 2024 to 2028. The project was officially launched on 8 August 2024...
Read MoreCambodia & China Unveil Cultural Corridor at Siem Reap Angkor International Airport to Foster Deeper Ties
Cambodia and China have officially inaugurated a Cultural Corridor at the Siem Reap Angkor International Airport, a landmark initiative to bolster ties and enhance people-to-people exchanges between the two nations. The ceremony, which underscored the strategic importance of Siem Reap Angkor International Airport as Cambodia's key gateway to the world, was held on 6 August 2024. HE Chhean Leang...
Read More19 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...
Read MoreCDC 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,...
Read MoreGlobal Supply Chain Shift from China, While Thailand Emerges as Key Player
Thailand has positioned itself as a prime investment destination in the ongoing supply chain reformation from China, attracting substantial investment across key industrial clusters over the next decade, according to Michael Glancy, Country Head of JLL Thailand. This shift, driven by the need for supply chain diversification, is detailed in a recent report by Jones Lang LaSalle (JLL) published by ...
Read MoreJapan Heart Supports Construction of Paediatric Oncology Hospital in Kandal Province
Japan Heart Children’s Medical Centre has announced the construction of a three-storey paediatric oncology hospital in Kandal province. The facility, which will feature 100 rooms and four operating theatres, is expected to be completed within 15 months, with an opening scheduled for October 2025. This initiative, disclosed by Japan Heart on 31 July 2024, is a significant step toward enhancing h...
Read MoreKorea Commits US$10m to Transform 30 Villages in Northwestern Cambodia
The Government of Korea, through the Korea International Cooperation Agency (KOICA), has committed US$10 million to develop 30 villages in Battambang, Banteay Meanchey, and Pailin provinces over five years from 2022 to 2026. The project aimed at boosting agricultural incomes, enhancing governance capacity for rural development, and improving access to essential services, according to KOICA's offic...
Read MoreNew National Assembly Building in Cambodia Reaches 57% Completion with Vietnam’s US$25m Grant
The construction of Cambodia's new National Assembly building, funded by a US$25 million grant from Vietnam, has reached 57% completion. The project committee, led by National Assembly President Khuon Sodary, reviewed progress on 31 July 2024. During the meeting, TCV, an international construction company, reported that although the project was initially expected to be completed by August, COVI...
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