Business and Market
Construction & Real Estate Sectors Expected to Continue Growth in 2023
The construction and real estate sectors are expected to continue to recover in 2023 due to the influx of foreign investment and the demand for low- and medium-cost housing. In the draft law on financial management for 2023, signed by Samdech Techo Hun Sen, Cambodian Prime Minister of Cambodia on 08 June, the government stated […]
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Construction Businesses Registering on Single Portal Worth US$1 billion in Investment Value
The Online Business Registration platform registered a total of 14,676 business applications, with a total investment of US$4,670 million in the capital in the two-year period since its launch. According to a press release from the Ministry of Economy and Finance, business applications in the construction sector accounted for 21.6% or about US$1 billion of […]
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Motor Cambodia Assembly Plant Worth Over US$20 million Officially Inaugurated
The Motor Cambodia Assembly Plant worth more than US$20 million in Pursat province was officially inaugurated on 16 June 2022 by His Excellency Hun Manet, Deputy Commander of the Royal Cambodian Armed Forces and Commander of the Army. Speaking at the event, HE Hun Manet expressed his great pride in the people of Pursat, especially […]
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US McDonald’s Brand Renamed in Russia Due to Economic Sanctions
More than 800 McDonald’s stores in Russia have been rebranded after the US-based company decided to leave Russia over the war of aggression in Ukraine. McDonald’s decided to sell all 850 stores in Russia to local investor Alexander Nikolaevich Govor for US$1.4 billion, CNN reported on 13 June. The American McDonald’s brand, which has been […]
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Cambodia Imports Almost US$150m of Iron & Steel in Five Months
Cambodia imported a total of US$149 million worth of iron and steel in the first five months of the year, up 19.8% from the same period last year. According to the General Department of Customs and Excise, the volume of steel and steel imports contributed about 1.1% of the total import value of US$13.057 billion, […]
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Cambodia & Thailand Urge Opening of Four More Border Crossings
Cambodian and Thai authorities have urged the opening of four more crossings borders, according to a meeting between the Pursat and Trat provincial administrations on 09 June 2022. The meeting was chaired by Mr Pov Piseth, Deputy Governor of Pursat Province and the Thai side was chaired by Mr Kan Chhay Thep Vorak Chhay and […]
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Gov’t Approves Four Projects Worth Over US$15 million
The Council for the Development of Cambodia (CDC) has approved the investment of US$15.8 million by private companies to establish four new factories in Kandal, Kampong Speu, and Takeo provinces. According to the investment proposal of the companies, the Investment Committee of CDC decided to issue investment project registration certificates to the following companies: The […]
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Phnom Penh Recorded 310 Boreys &1,603 High-Rise Buildings by Start of 2022
At the start of 2022, Phnom Penh recorded a total of 310 Borey & apartment projects and1603 high-rise buildings, of which 225 have more than 20. These statistics were according to Phnom Penh Municipal Governor, HE Khoung Sreng, at the official opening of Prince Times Square on 07 June 2022. The governor continued that despite […]
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China-based Xiaomi starts smartphone production in Vietnam
China-based Xiaomi has delivered the first batch of its made-in-Vietnam smartphones, for distribution to the local market and foreign markets –Thailand and Malaysia. The Chinese electronic giant announced Monday that its smartphones are made in Vietnam by DBG Technology, a subsidiary of Hong Kong’s DBG Electronics Investment Limited, at a factory in northern Thai Nguyen […]
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Apple moves iPad production from China to Vietnam
Apple has set up an iPad factory in Vietnam after its production line in China was affected by strict measures of Covid 19 in China, the company’s largest manufacturing facility. With small-scale production in the early stages in Vietnam, the company said, setting up a factory in Vietnam would diversify the production chain, reducing dependence […]
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