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ខ្មែរ 
Economy and Finance
Government approves US$22 million for Special Economic Zone projects
The Council for the Development of Cambodia (CDC) announced on its Facebook page on 16 October of its approval of several projects, including four projects related to the construction industry, with investment capital worth more than US$22 million and creating 1958 jobs in the Sihanoukville Special Economic Zone (SEZ). One project is a furniture factory for FPZ Furniture (Cambodia) Co., Ltd, us...
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Construction boom causes competition in home loan interest rates
Recent figures from Ministry of Land Management Urban Planning and Construction indicate that the number of house construction projects has increased from 3,052 worth US$6.4 billion in 2017 to 43,136 worth more than $43,3 billion in 2018. As a result, the competitiveness of home loan interest rates has begun to attract more customers while most individual banks now offer mortgage policies. For ...
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US$6.4 billion invested into construction sector
The construction sector in Cambodia continues to grow according to a report by the Ministry of Land Management Urban Planning and Construction (MLMUPC) which shows an increase in investment of more than 34% year-on-year to more than US$6 billion. The recently released data reveals that between January -September this year, the ministry approved 3,433 construction projects valued at more than US...
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New Sihanoukville special economic zone proposed
Two companies have proposed 1,600 hectares of land in Sihanoukville province to be developed into a special economic zone through land reclassification, according to the provincial administration. On 07 October, Sihanoukville provincial governor H.E Kouch Chamroeun held a meeting to discuss the proposal with the Stung Hav district governor and other officials from relevant departments. The t...
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Real estate transactions in Cambodia remain strong
Real estate transactions in Cambodia remaining strong is best reflected by the sharp rise in property tax, according to industry expert Sorn Seap. The General Department of Taxation (GDT) has recently collected US$1,952 million in tax revenue, of which the tax on stamp duty increased by 60.18% compared to the same period last year. (Read More) Mr Sorn Seap, founder of real estate firm Key Re...
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Shift in Chinese manufacturing drives Vietnam industrial rent rises
The US-China trade dispute is fuelling an exodus of Chinese manufacturing to SE Asian nations with Vietnam directly benefiting. According to a new report from real estate analysts JLL Vietnam, strong demand for industrial space saw rental price rises in Q2 2019 by up to 15.8% year-on-year with average occupancy in South Vietnam’s Southern Key Economic Zone hitting 81%. Land leasing costs in ...
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Sihanouk International Airport to be able handle 10 million passengers
Cambodia Airports will upgrade the capacity of Sihanouk Airport to be able to handle 10 million passengers per year through their master plan on expanding overall terminal building capacity. The master plan for terminal expansion was approved by the State Secretariat of Civil Aviation on Thursday in a meeting between H.E. Mao Havannall, Minister in charge of the SSCA and Alain Brun, the newly-a...
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Collection of stamp duty on property transfers increases by 60%
The General Department of Taxation has collected almost US$2 billion in tax revenue over an eight-month period with stamp duty on property transfers seeing the sharpest increase. According to a GDT press release dated 12 September, the department collected US$1,952 million, achieving about 85.33% of the national plan. This shows an increase of about 29.89% compared to the US$449 million collect...
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Cambodia inks deal with Laos on the 2900-megawatt power purchase
The Cambodian government has inked a deal with the Laos government to purchase a total of 2,900 megawatts of power to fulfil the current shortage of electricity as well as to reduce the cost of electricity in the future. Signed by Cambodian Prime Minister Hun Sen and Laos Prime Minister Thongloun Sisoulith, the agreement includes 1) importing 500-megawatts of hydropower, 2) purchasing 600-megaw...
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Cambodia, Thailand agree to resume OCA talks
After nearly two decades of hiatus, Cambodia and Thailand have agreed to resume talks on development of their overlapping claims area (OCA) on offshore oil fields, on the principle that it should be developed based on mutual interests. The agreement to resume talks was made in a meeting between the Cambodian Ministry of Mines and Energy and the Thai Energy Ministry held in Bangkok, last week. ...
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