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ខ្មែរ Business and Market
CDC Approves Four Investment Projects Worth about US$8.4M in PP & Sihanoukville
- 26 May 2022
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...
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Ministry of Mines and Energy Studying Potential to Restart Producing Oil Field
- 26 May 2022
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...
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US$20-million Electric Motorcycle Assembly Plant in Kandal Province Launched
- 25 May 2022
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...
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New Kompong Popil Market in Prey Veng Worth Over US$1M Officially Inaugurated
- 25 May 2022
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 ...
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Be the first country in the region to be included in the International Transport Forum (ITF)
- 23 May 2022
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...
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Gov’t Approves Two Investment Projects Worth $US6M in Takeo and Kampong Speu
- 20 May 2022
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...
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Cambodia’s iron and steel imports worth US$119 million in four months
- 20 May 2022
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...
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OCIC officially launches The Diamon Bay Garden Condo Project in Koh Pich
- 18 May 2022
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...
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Aeon Mall Plans to Invest in Four More Malls in Hanoi
- 17 May 2022
Japanese retail giant Aeon Mall plans to invest in three or four more projects in Hanoi by 2025. Nagakawa Tetsuyuki, General Director of Aeon Mall Vietnam mentioned the business plan in a recent meeting with Hanoi Party Secretary Dinh Tien Dung, last week. Tetsuyuki said he hopes Hanoi will continue its support so the Aeon Mall Hoang Mai project can begin construction in the third quarter...
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US Congress Yearns for Strengthen Trade & Investment Ties with Cambodia in the Energy Industry
- 14 May 2022
The US Congress intends to strengthen trade and investment ties with Cambodia in the energy industry to further boost trade between the two countries. This statement was made during a discussion between US Congressman, the Minister of Public Works and Transport, Minister of Commerce, and the Cambodian delegation with His Excellency Ron Estes, Member of Parliament for the 4th District of Kansas,...
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