Business and Market
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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The US Seeking To Invest In Transport Infrastructure In Cambodia
US investors are looking for investment opportunities in transport infrastructure in Cambodia, as the Royal Government of Cambodia said welcomes all foreign investors who wish to invest in the transport infrastructure in Cambodia. In a meeting held on June 1 with HE Koy Sodany, Secretary of State for the Ministry of Public Works and Transport, […]
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Cambodia to fill and package Sinovac Kovid-19 vaccine domestically
The Ministry of Health signed a Memorandum of Understanding (MoU) on Cooperation for filling and packaging Covid-19 Inactivated Vaccines with China’s Sinovac Life Sciences and Cambodian Pharmaceutical Enterprise, the move will enable Cambodia to package vaccines. The signing MoU ceremony was held on June 1, under the presence of HE Mam Bunheng, Minister of Health, […]
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Big C Bags Kiwi Mart in Cambodia
Big C has acquired Kiwi Mart, a convenience store chain in Cambodia, via its Cambodian subsidiary to strengthen its retail business in the neighboring country, according to the Bangkok Post on 27 May 2022. A big grocery and general merchandising retailer headquartered in Bangkok, Thailand, Big C reached the acquisition deal last week, but the […]
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SSEZ to Build Second Phase Industrial Park to Accommodate 300 Factories
The Sihanoukville Special Economic Zone (SSEZ) is in the stage of preparing for the construction of the second phase of the industrial park, which can accommodate up to 300 factories and enterprises. According to the Chinese Embassy in Cambodia, the first phase of the SSEZ’s industrial park has been completed, accommodating 170 companies, which has […]
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CDC Approves Four Investment Projects Worth about US$8.4M in PP & Sihanoukville
The Council for the Development of Cambodia (CDC) has given permits to four private firms to qualified investment in four projects worth US$8.4 million in Phnom Penh and Sihanoukville. The first company is Xiantong Wire and Cable Co., Ltd., investing US$5 million in building a factory to produce wires, cables, and extension cords in Sihanoukville […]
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Ministry of Mines and Energy Studying Potential to Restart Producing Oil Field
The Ministry of Mines and Energy, in collaboration with EnerCam Resources Corp., is in the stage of studying the possibility of examining the potential of restarting Cambodia’s first oil well after being suspended for more than a year by the original investment firm’s bankruptcy. Angkor Resources Corp announced on 25 May that Angkor’s energy subsidiary, […]
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