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ខ្មែរ Cooperation and networking
World Bank Approves US$275m Loan to Bolster Cambodia’s Economic Growth
- 22 June 2024
The World Bank has approved a US$275 million loan package to support Cambodia's long-term economic growth and resilience. The funding, sourced from the International Development Association (IDA), aims to drive reforms to enhance the competitiveness of the private sector and strengthen the country's finances to assist the most vulnerable populations. This announcement was made by WB on 21 June 202...
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Thailand Declares No Charge for Vehicles Crossing Cambodia-Thailand Friendship Bridge
- 20 June 2024
Thailand will maintain a no-charge policy for vehicles passing through the Cambodia-Thailand Friendship Bridge (Stung Bot-Bang Nang Ieng) at the request of the Cambodian government. This decision was confirmed during a bilateral meeting via video conference on 18 June 2024, attended by HE Peng Po, Minister of Public Works and Transport of Cambodia, and HE Suriya Jungrungreangkit, Deputy Prime Mini...
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German Tech Giant BOSCH Announces Plans to Establish Factory in Cambodia
- 18 June 2024
German technology giant BOSCH is set to explore the establishment of a factory in Cambodia, following a meeting between Deputy Prime Minister Sun Chanthol and Alexander Weichsel, Manager of BOSCH Commercial Plant, on 13 June 2024. HE Sun Chanthol highlighted Cambodia’s investment potential across various sectors including agriculture, agro-industry, automobiles, electronics, health, renewable e...
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Spain Eyes Expansion in Cambodia’s Wind Power Sector
- 17 June 2024
Spain's Acciona Energía is set to boost its investment in Cambodia, enhancing its current wind power projects in the country. This announcement was made during a visit by a Cambodian delegation to Acciona Energía’s headquarters, led by Deputy Prime Minister Sun Chanthol, the first Vice President of the Council for the Development of Cambodia, on 11 June 2024. During the visit, Acciona Energía d...
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ADB Commits US$1.26bn to Support Cambodia’s Sustainable Development
- 13 June 2024
The Asian Development Bank (ADB) has unveiled its latest country partnership strategy for Cambodia, committing approximately US$1.26 billion to support the nation's sustainable development and economic growth. This announcement was made during the inauguration of ADB's new office on 12 June 2024, presided over by Deputy Prime Minister and Minister of Economy and Finance HE Aun Pornmoniroth. Spe...
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Cambodia & Singapore Push for ASEAN Power Grid to Combat Rising Electricity Prices & Promote Green Energy
- 8 June 2024
Cambodia and Singapore have proposed the re-establishment of the ASEAN Power Grid, aiming to promote green energy, protect the environment, and control rising electricity prices. This initiative, announced by Minister of Mines and Energy Keo Rattanak in a video released on 4 June 2024, comes 25 years after ASEAN initially set this goal but was unable to achieve it. Minister Keo Rattanak highlig...
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Canadian Investors Explores Investment Opportunities in Six Key Sectors in Cambodia
- 8 June 2024
A business delegation from the Cambodian Chamber of Commerce in Montreal, Canada, recently met with the Council for the Development of Cambodia to explore investment opportunities in six major sectors: agriculture and processing, tourism, health, real estate, services, and industry. The meeting, aimed at fostering stronger economic ties, took place on 5 June 2024.HE Nuth Un Vanra, Deputy Secretary...
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Cambodia & Turkey Agree to Boost Bilateral Trade to US$1bn
- 4 June 2024
Cambodia and Turkey have committed to enhancing their bilateral trade to US$1 billion in the near future. This agreement was announced in a press release by the Ministry of Foreign Affairs and International Cooperation on 30 May 2024. During a two-day visit to Turkey, Cambodian Foreign Minister Sok Chenda Sophea aimed to broaden cooperation across various sectors and implement agreements made b...
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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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