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ខ្មែរ Cooperation and networking
Cambodia Secures US$1.81bn in Concessional Loans for Public Investment Projects in 2023
- 25 March 2024
In 2023, the Cambodian government inked substantial concessional loan agreements with development partners, amounting to a noteworthy US$1.81 billion. This figure represents 79% of the legal ceiling permitted by law (SDR 1,700 million), as revealed in the Cambodian Public Debt Statistics Bulletin released by the Ministry of Economy and Finance. The newly signed concessional loan agreements cons...
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Cambodia Secures EU Grant Aid Worth Nearly US$86m to Boost Key Sectors
- 23 March 2024
Cambodia and the European Union (EU) have formalised a grant aid agreement amounting to almost US$85.6 million, aimed at bolstering pivotal sectors crucial for sustainable development. The signing ceremony, presided over by HE Dr Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, alongside representatives from the European Union Member States, marks a significant mileston...
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China-Cambodia Satellite Collaboration Enhances Protected Area Management
- 22 March 2024
China's Siwei Surveying and Mapping Technology Co., Ltd is poised to forge a groundbreaking partnership with Cambodia's Ministry of Environment (MoE), aiming to revolutionise the management, conservation, and protection of protected areas and forests through satellite technology. This significant development emerged from a productive meeting between Dr Eang Sophalleth, Minister of Environment, and...
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Chinese Investment in ASEAN Reaches US$20 billion, up 37%, Cambodia Can Absorb Approx. 16%
- 18 March 2024
Chinese investment in Southeast Asia has surged to nearly US$20 billion, marking a substantial 37% increase from the previous year, according to a report jointly conducted by Griffith University and Fudan University. Published by Thailand-business-news on 11 March 2024, the report underscores the resilience and strategic growth of Chinese investment in the region, particularly in real estate and c...
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EU Commits US$13m Grant for Bakheng Water Treatment Plant Phase 3
- 15 March 2024
The European Union (EU) has pledged a grant of US$13 million for the implementation of Bakheng Water Treatment Plant Phase 3, as announced by HE Jutta Urpilainen, European Commissioner for International Partnerships, during a visit to the plant on 13 March. HE Hem Vanndy, Minister of Industry, Science, Technology, and Innovation (MISTI), also participated in the visit, as outlined in a press relea...
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Japan Extends Concessional Loan for Regional Hospital Development in Cambodia
- 13 March 2024
In a significant gesture of bilateral cooperation, Japan has extended a concessional loan totalling JPY 21,104 million (approximately US$154 million) to Cambodia for the development of regional hospitals. The formal exchange of notes and accompanying documents took place on 13 March, with HE Sok Chanda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation o...
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Cambodia Eyes European Investment Booster: A US$540m Journey Over Three Decades
- 12 March 2024
In a concerted effort to diversify and enhance its investment portfolio, Cambodia has set its sights on attracting a larger share of European investment. Despite hosting approximately 62 projects from Europe, a total investment of US$540 million since 1994, the nation views this figure as the tip of the iceberg. This ambition was at the fore during a meeting between HE Sun Chanthol, Deputy Prim...
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Cambodia & Vietnam Forge Business Council for Seamless Cross-Border Trade
- 11 March 2024
In a groundbreaking move towards bolstering economic ties, the Cambodian Chamber of Commerce (CCC) and the Cambodia-Vietnam Business Council (CVBA) have unveiled plans to establish the Cambodia-Vietnam Business Council. This strategic initiative announced through the official Facebook page of the CCC on 8 March 2024, is poised to play a pivotal role in addressing challenges and fostering a more st...
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SunRice Group Eyes Cambodia for Organic Rice Processing Plant, Opening New Avenues for Export
- 9 March 2024
Australia's SunRice Group is contemplating a strategic investment in Cambodia, aiming to establish a dedicated rice processing plant with a focus on organic rice for international exports. The ambitious plan was unveiled during a pivotal meeting between Samdech Hun Manet, Prime Minister, and Paul Serra, CEO of SunRice Group, on the occasion of the ASEAN-Australia Special Summit in Melbourne on 4 M...
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SPC Group’s Strategic Move into Cambodia’s Agro-Industry: A New Chapter in Global Food Export
- 8 March 2024
Australia's SPC Group has announced its intention to invest in Cambodia’s food and fruit processing industry. This decision was revealed during a meeting between Cambodian Prime Minister Samdech Hun Manet and Mr. Neil Brimacombe, President of SPC Group, on the sidelines of the ASEAN-Australia Special Summit held in Melbourne, Australia, on 5 March 2024. SPC Group, a leading agro-industry player...
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