Cooperation and networking
EU Reaffirms US$1.5 Billion to Catalyse Cambodia’s Development
The European Union (EU) has reaffirmed its unwavering dedication to Cambodia's advancement, earmarking an impressive Euro 1.43 billion (equivalent to US$1.5 billion) for pivotal developmental pursuits which was announced in a Ministry of Foreign Affairs and International Cooperation press release on 16 August 2023. This substantial financial commitment takes centre stage in the Common European ...
Read MoreThailand Exploring Investment Prospects & Collaborative Ventures Across Three Cambodian Locations
A high-level delegation from the Thai Chamber of Commerce has embarked on a comprehensive exploration of three strategic special economic zones within Cambodia. This concerted effort seeks to unravel the rich tapestry of trade, investment, and partnership opportunities, poised to contribute an estimated US$2 billion to the economic landscape. The announcement follows a significant meeting between ...
Read MoreThree Ministries & Private Sector Collaborate for Boosting Tourist Port Potential
The Ministry of Economy and Finance, in partnership with the Ministry of Public Works and Transport and the Ministry of Tourism, is set to orchestrate a pivotal consultative workshop under the theme "Operation and Maintenance(O&M) under the Public-Private Partnership Mechanism." The event is scheduled for 8:30 am on 17 August 2023 at Hyatt Regency Hotel Phnom Penh, with a simultaneous virtual ...
Read MoreChinese Chamber of Commerce Promises to Bring Over 40 Chinese Investors to Cambodia in August
Cambodia's investment landscape is on the brink of a transformative surge as Boris Xue, President of the Ningbo Chamber of Commerce in China, has pledged to spearhead the arrival of over 40 prominent Chinese companies to Cambodia by mid-August. In a landmark meeting held on 2 August 2023 with HE Chea Vuthy, Deputy Secretary General of the Cambodian Investment Committee (CEC) and the Cambodian S...
Read MoreForging Stronger Ties: Cambodia Extends Invitation to Australia for AusTrade Office
A momentous meeting between the Cambodian private sector, led by Okhna Kith Meng President, of the Cambodian Chamber of Commerce, and Australian Special Envoy for Southeast Asia, Mr Nicolas Moore, marked a pivotal step towards fortifying bilateral relations between Cambodia and Australia through official meeting on 10 July 2023. At the heart of the discussion was the proposal for Australia to e...
Read MoreHistoric Cambodia-Thailand Railway Line Launches, Boosting Cross-Border Trade
A significant milestone in regional transportation was achieved today as Cambodia and Thailand celebrated the official opening of their first-ever railway link, forging a crucial connection to facilitate seamless cross-border trade and bolstering economic ties between the nations. The momentous inauguration ceremony saw the participation of key stakeholders from both countries, marking a new era o...
Read MoreAustralia Grants Over AUD83.6 M to Foster Key Sectors in Cambodia
Australia has extended its support by providing an official development assistance of AUD83.6 million (over US$ 56.5 million). This commitment is aligned with Australia's dedication to enhancing economic and social prosperity in Cambodia and marks a step towards reinforcing the strong bilateral ties between the two nations. The development assistance, as outlined in a letter from Senator the Ho...
Read MoreSSEZ: A Vital Link between Cambodia and China in the Belt and Road Framework
The Sihanoukville Special Economic Zone (SSEZ) stands as a monumental achievement, serving as a vital bridge connecting Cambodia and China within the framework of the ambitious Belt and Road Initiative. This collaborative project has not only brought economic prosperity but has also created employment opportunities for tens of thousands of Cambodians. Liu Lianchi, the deputy managing director o...
Read MoreCICC Unveils Five Transformative Projects to Foster Siem Reap’s Development
The Cambodia International Trade Association (CICC) has recently announced the launch of five groundbreaking projects aimed at driving the growth of Siem Reap province and generating employment opportunities for its residents. This momentous revelation came to light during a meeting between Mr. Johnny Mo, Director of the International Trade Association of Cambodia (CICC), and HE Tea Seiha, Governo...
Read MoreBooyoung Group’s Milestone Agreement: 1,000 Modern Buses to Enhance Cambodia’s Transportation Network
Booyoung Khmer II Co., Ltd., a prominent subsidiary of BOOYOUNG GROUP from the Republic of Korea, has inked a significant agreement with the Cambodian government to provide a total of 1,000 buses in three phases. The official press release by the Ministry of Economy and Finance on June 29, 2023, sheds light on this remarkable collaboration. Under this agreement, Booyoung Khmer II Co., Ltd. will...
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