English 
ខ្មែរ 
Economy and Finance
Poipet PPSEZ Opens Officially
The Poipet PP Special Economic Zone (Poipet PPSEZ), a wholly-owned subsidiary of the Phnom Penh Special Economic Zone, was officially opened for operation on 9 December in Poipet city, Banteay Meanchey province. The launch ceremony was held at the same time as the official opening of Japanese firm Sumitronics which has invested in the zone. According to a CDC press release, the opening cerem...
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Government official, winners of SCG contractor competition 2019 call on young people to consider skills training
Phnom Penh, Nov 28, 2019 – Expert official and award-winning local builders from the annual SCG contractor competition 2019 have encouraged young people to pursue technical and vocational training for skills currently on high demand in the job market, including in construction sector. Mr. Hing Sideth, director general of TVET general department of the ministry of labor and vocational training, ...
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Thirty-five major Chinese companies interested in investing in Kampong Speu
The Kompong Speu provincial administration said on 27 November that 35 large companies from China were interested in investing in the province. Kompong Speu Provincial Governor, Vei Samnang met with the representatives of the companies who came to explore investment opportunities in the province. The governor told them about the potential of the province, especially the existing Chinese compani...
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Grade “A” Office Space is able to command higher yield
By Dan Davies (Extract from Dan Davies unpublished Design Review) Introduction The desire and intention of many developers is to provide the leading office space in Cambodia and to be considered as GRADE A, for which they will be able to command higher yield rents by offering high quality and desirable services Classification of Grades for Buildings Office buildings are generally class...
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Company requests approval to invest in Kampot river residential project
Target Estate and Asset Management company has requested in-principle approval to invest in the development of an eco-tourism residential project along the river in the coastal province of Kampot, according to a post on the Kampot provincial administration Facebook page on 25 November. “Target Estate and Asset Management have requested six locations in three communes, where the company bought f...
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Chip Mong Land to capitalise on high potential of Grand Phnom Penh
Having recently acquired Grand Phnom Penh International City, Chip Mong Land has started to improve the services and infrastructure as well as residential areas to transform the area into a high-potential development area for living and doing business. “The main purpose of Chip Mong Land is to improve our service to our customers to meet their needs in a timely manner. The next step is that we ...
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South Korea launches smart city project in Busan with ASEAN leaders
South Korea said they will build the country’s first "smart city" in Busan by 2024, where the infrastructure facilities and massive data collection will be controlled and maintained by the internet of things sensors, according to the Yonhap News Agency, on 24 November. President Moon Jae-in attended the ground-breaking ceremony for the Busan Eco Delta Smart City, along with several ASEAN leader...
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National Assembly approves draft 2020 budget of US$8.2 billion
The National Assembly of Cambodia unanimously approved a draft US$8.2 billion budget for expenditure in 2020 on Tuesday 26 November, a 22% increase compared to the 2019 budget law. According to the draft budget law, the majority of the budget will go to general administration, national defense, and the social sector. To meet the expenditure, the government plans to make gross revenue of US$6...
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Two sectors key to Cambodia achieving middle-income status by 2030
Cambodia has set itself the target of progressing from a low-income to a middle-income country by 2030 with an aim of achieving similar status to Thailand or Malaysia today in just over 10 years. At the 2nd Asia Pacific Summit on 19 November Samdech Techo Hun Sen said that, “now, Cambodia is making further efforts to become an upper middle-income nation by 2030 and to become a high-income natio...
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Hunan Province investors attracted by main sector potential
Cambodia has attracted investors from Hunan province, China to invest in the country’s main sectors. The Royal Government of Cambodia has encouraged the interest, particularly in the development of infrastructure to make Cambodia more competitive by being well-connected inside the country and in the region. Speaking at a Hunan Investment Promotion and Machinery Expo held in Phnom Penh on 19 Nov...
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