Business and Market
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 value of the deal has not been disclosed. Gary Ha...
Read MoreSSEZ 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 generated nearly 30,000 jobs for locals. Wh...
Read MoreCDC 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 SEZ. The second company is Neutralize (Cambod...
Read MoreMinistry 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, EnerCam Resources Corp. (EnerCam), advanc...
Read MoreUS$20-million Electric Motorcycle Assembly Plant in Kandal Province Launched
Inion Mobility Co., Ltd. launched officially its motorcycle and tricycle assembly plant on 24 May 2022, becoming the first electric vehicle assembly plant in Cambodia. Located in Sovannaphum Special Economic Zone, Kien Svay district, Kandal province, the motorcycle, and electric tricycle assembly plant has a total investment of over US$20 million. The investment is for building infrastructur...
Read MoreNew Kompong Popil Market in Prey Veng Worth Over US$1M Officially Inaugurated
Samdech Krolahom Sar Kheng, Minister of Interior, officially inaugurated the new Kompong Popil Market worth about US$1.47 million in Kompong Popil commune, Pea Reang district, Prey Veng province on 24 May 2022. Construction on the market began in February 2021 and was completed in April 2022 under the support of Samdech Sar Kheng and other donors and replaced the old market which was destroyed ...
Read MoreBe the first country in the region to be included in the International Transport Forum (ITF)
Cambodia is the first country in Southeast Asia to be included as the 64th member of the International Transport Forum in Leipzig, Germany. On May 19, 2022, the Transport Ministers of the 63 countries of the International Transport Forum (ITF) unanimously voted to include Cambodia as the 64th member of the ITF at its annual summit in Leipzig. Germany. On that occasion, HE Young Tae Kim, Secr...
Read MoreGov’t Approves Two Investment Projects Worth $US6M in Takeo and Kampong Speu
The Council for the Development of Cambodia (CDC) on May 20, 2022, approved a private company to invest in a total of 6.1 million US dollars in the construction of two factories in Kampong Speu and Takeo provinces. According to the investment request of the company, the Investment Committee of Cambodia of the Council for the Development of Cambodia decided to issue the investment project regist...
Read MoreCambodia’s iron and steel imports worth US$119 million in four months
Cambodia imported iron and steel worth $119.72 million in the first four months of 2022, marking an increase of 19 percent over the $101 million recorded in the same period last year, according to Customs. This accounted for 1.192 percent of the Kingdom’s total goods imports over January-April, valued at $10.043 billion, statistics from the General Department of Customs and Excise (GDCE) of Cam...
Read MoreOCIC officially launches The Diamon Bay Garden Condo Project in Koh Pich
The Overseas Cambodian Investment Corporation (OCIC), the largest real estate developer in Cambodia, announced the official opening and sale of the Diamond Bay Garden, a 37-storey condominium project along the Mekong River, Koh Pich Island City, Phnom Penh. Charles Vann, Deputy General Director of Canadia Group and representative of Pung Kheav Se, Chairman of the Board of Overseas Cambodian Inv...
Read More