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ខ្មែរ Cooperation and networking
World Bank Grants Nearly US$80m to Cambodia to Enhance Over 1,500 Educational Institutions Nationwide
- 3 June 2024
The World Bank has allocated an additional US$79.5 million to Cambodia to improve access to quality education across 1,590 educational institutions. This expansion, announced in a press release on 30 May 2024, builds upon an initial funding package of US$69.25 million approved in January 2022. The new financing package includes a US$60 million loan from the International Development Association...
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Cambodia Proposes Establishment of Hungarian Trade Office to Boost Trade Volume from 9.53% Increase Last Year
- 1 June 2024
Cambodia has proposed the establishment of a Hungarian Chamber of Commerce in Cambodia to enhance trade and investment cooperation between the two countries. This initiative comes as the trade volume between Cambodia and Hungary for the first 11 months of 2023 surpassed US$7.7 million, reflecting a 9.53% increase compared to the same period in 2022. The proposal was made during a meeting betwee...
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WLCC Explores Investment Opportunities in Cambodia’s Construction & Real Estate Sectors
- 31 May 2024
The World Lin Chamber of Commerce (WLCC) is investigating investment prospects in Cambodia's priority sectors, particularly construction and real estate. This initiative was discussed during a meeting between Mr Tan Sri Dato Lim Soon Peng, President of the World Lin Chamber of Commerce, and PM Samdech Hun Manet on 28 May 2024. Mr Tan Sri Dato Lim Soon Peng commended Cambodia's development, high...
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France to Build Museum Near Koh Ker to Boost More Tourists
- 21 May 2024
France plans to build a museum near Koh Ker temple to attract more tourists. This initiative was discussed by HE M. Vincent Éblé, Senator of the Seine-et-Marne (Île-de-France) and Chairman of the Franco-Cambodian Friendship Group, during a meeting with Samdech Techo Hun Sen on 17 May 2024. During the meeting, HE M. Vincent Éblé suggested that encouraging tourists to stay longer in Cambodia coul...
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Korean Industrial Alliance Eyes Major Investments in Cambodia’s Furniture, Engineering, and Automotive Sectors
- 21 May 2024
Plans to expand investment in Cambodia's furniture, engineering, and automotive sectors have been confirmed by new companies from the Korea Industrial Alliance Forum. This announcement was made during a discussion between His Majesty the King of Cambodia and Mr. Marn Ki-jeong, President of the Korea Federation of Industries (KIAF) on 17 May 2024, during an official visit to Seoul, Republic of Kore...
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China Pledges US$10m to Bolster Cambodia’s Counterfeit Product Defences
- 21 May 2024
Cambodia and China are set to strengthen their collaboration in combating counterfeit goods. During a working meeting on 16 May 2024, the Suzhou Institute of Construction Science in China proposed a US$10 million investment to establish a state-of-the-art counterfeit product laboratory in Cambodia. This initiative, communicated by Mr. Jack Yang, Director General of the Institute, to HE Doeun Sovan...
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Chinese Company YIG Eyes SEZ Opportunity Near Siem Reap Angkor International Airport
- 20 May 2024
In a move that could significantly bolster Siem Reap's economic landscape, YIG, a major Chinese investment firm, has expressed interest in developing a special economic zone (SEZ) near the newly constructed Siem Reap Angkor International Airport. This interest was conveyed during a meeting on 17 May 2024 between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and a YIG dele...
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Cambodia & Korea Strengthen Trade Ties with US$751m Volume & New Six MoUs
- 18 May 2024
Cambodia and South Korea reaffirmed their strong trade partnership with a bilateral trade volume reaching US$751 million in 2023 and the signing of six Memoranda of Understanding (MoUs) on 16 May 2024. The MoU signing ceremony, presided over by Cambodian Prime Minister Hun Manet and South Korean President Yoon Suk Yeol in Seoul, signifies a commitment to further collaboration across various sector...
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Cambodia, Korea signed an MOU to do a feasibility study on the establishment of the SEZ in Cambodia
- 17 May 2024
Cambodia and Korea have signed a Memorandum of Understanding (MoU) to study the possibility of establishing a Cambodia-Korea Special Economic Zone in a specific sector aimed at attracting more Korean investors to Cambodia. The Memorandum of Understanding on Investment Cooperation was signed by the Council for the Development of Cambodia and the Ministry of Commerce, Industry and Energy of the R...
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CDC Encourages Chinese Firms to Invest in Domestic Raw Material Production, Aiming to Boost Self-Sufficiency in Cambodia
- 16 May 2024
In a bid to reduce reliance on imports, Cambodia's Council for the Development of Cambodia (CDC) is actively courting Chinese investment in domestic raw material production, according to a meeting held on 15 May 2024. Secretary General of the Board of Investment of Cambodia, HE Chea Vuthy, met with a delegation from China's Zhejiang Construction Investment Group Co., Ltd., led by the Chairman o...
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