Cooperation and networking
Cambodia Strengthens Transport Infrastructure with UN Partnership
In a significant move towards enhancing Cambodia’s transport and logistics infrastructure, the Ministry of Public Works and Transport has joined forces with the United Nations Office for Project Services (UNOPS). On 10 January 2025, a Memorandum of Understanding (MoU) was signed between HE Peng Po Nea, the Minister of Public Works and Transport, and Mrs. […]
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Cambodia & Korea Strengthen Economic Partnership in 2024
The bilateral trade volume between Cambodia and the Republic of Korea surged to USD 762 million by the end of 2024, marking an impressive increase of 11.49% compared to the previous year, according to a report from the Ministry of Commerce. Cambodia’s exports to Korea have reached USD 288 million, reflecting a robust growth of […]
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Evercore Focuses on Clean Energy Investment in Cambodia
The Global investment banking firm Evercore is interested in investing in Cambodia’s clean energy sector. During a meeting on 8 January 2025 between Prime Minister Hun Manet and Evercore Asia President Keith Magnus, the firm also expressed interest in the country’s emerging sectors, including energy, health, and tourism. Magnus emphasized Evercore’s operations and its intention […]
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ADATA Technology Eyes Electric Car Factory Investment in Cambodia
In a significant development for Cambodia’s green industry, well-known Taiwanese tech company ADATA Technology Co., Ltd. is exploring opportunities to invest in an electric vehicle manufacturing plant in the country. During a meeting held on 2 January 2024, HE Dr Eang Sophalleth, the Minister of Environment, welcomed Mr. Simon Chen, CEO of ADATA Technology. The […]
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Kampot Tourism Port, in Collaboration with Virak Buntham, Launches High-Speed Boat Service in Cambodia
The Kampot International Tourist Port, operated by KITP Development Co., Ltd., a subsidiary of AZ Group, has partnered with Virak Buntham to offer high-speed boat services to neighboring countries. This partnership was formalized during a signing ceremony held on 6 January 2025. According to Virak Buntham, the collaboration aims to attract 500,000 national and international […]
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US Tech Giants Eye Cambodia’s Renewable Energy Potential
In an exciting development for Cambodia’s energy landscape, Ripple Inc., a prominent US fintech firm, is looking to forge a partnership in renewable energy. The company, known for its innovative financial solutions, has expressed a keen interest in establishing solar panel production in Cambodia, aiming to cater to the growing demand for clean energy in […]
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Japan Grants USD 7.2 Million to Cambodia for Social & Economic Development
The Japanese government has extended a grant of 1,002 million yen, equivalent to USD 7.2 million, to support a range of social and economic development initiatives. The funding was formalized through the signing of the Exchange of Letters and related documents by HE Deputy Prime Minister Prak Sokhon, Minister of Foreign Affairs and International Cooperation, […]
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Japanese Ship to Make Historic First Docking at Cambodia’s New Ream Port
Samdech Techo Hun Sen, President of the Senate of Cambodia, confirmed that a Japanese ship will be the first vessel to dock at the newly inaugurated Ream Port. This historic event underscores the growing cooperation between Cambodia and Japan, particularly in security and infrastructure development. The commitment was made during a meeting with HE Akiba […]
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Cambodia Expands Diplomatic Horizons with New Embassies in Timor-Leste & Songkhla, Thailand
Cambodia has announced a major diplomatic expansion with the establishment of an embassy in Timor-Leste and a consulate general in Songkhla, Thailand, as formalized under Sub-Decree No. 240 and No. 241 issued on 22 October 2024, marking a strategic step in extending Cambodia’s international relations. The Embassy of the Kingdom of Cambodia in the Democratic […]
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ADB Commits USD 403 Million to Catalyse Cambodia’s Development Across Six Strategic Sectors
The Asian Development Bank (ADB) has approved USD 403 million in loans and grants to support six transformative development projects in Cambodia, focusing on education, gender equality, business, water management, and rural development. This commitment, announced by ADB Country Director Ms. Jyotsana Varma during a signing ceremony on 17 December 2024, aligns with the ADB’s […]
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