Phnom Penh Government to Launch Innovative Pedestrian Street Trial

The Phnom Penh Municipal Government is excited to announce the upcoming trial of a pedestrian street project, dubbed "Walk Street," along the iconic Sisowath Avenue. This initiative aims to transform the city's heart into a vibrant, pedestrian-friendly environment, allowing residents and visitors alike to enjoy the area more fully. The trial will commence on Saturdays and Sundays on 1 February ...

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Angkor Enterprise Launches Online Ticketing System to Boost Tourism

In a major development aimed at enhancing the experience for international visitors, Angkor Enterprise has officially launched a comprehensive online ticket sales and inspection system for Angkor. The initiative, which seeks to attract tourists from around the globe, was inaugurated on 30 January 2024, under the leadership of HE Deputy Prime Minister Neth Savoeun, representing His Majesty King Nor...

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Land Grant Initiative for Poor Families in Stung Treng Province

In a significant move to support impoverished communities, Prime Minister Hun Manet has announced a land grant initiative to provide 1,000 poor families in the Ousev area of Stung Treng province with essential residential and agricultural land. Each family will receive 3 hectares of land, marking a vital step towards poverty alleviation and community development. During a recent plenary Cabinet...

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Vietnam’s USD 67 Billion High-Speed Rail Project Charts Independent Path, Shunning Foreign Investment

In a ground-breaking move that signals Vietnam's growing economic confidence, the Vietnamese National Assembly has approved an ambitious USD 67 billion high-speed rail network connecting Hanoi to Ho Chi Minh City, with the revolutionary decision to fund the megaproject primarily through domestic sources rather than traditional foreign investment, according to an announcement from the National Asse...

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Government Revives Stalled Projects in Sihanoukville

The Cambodian government is taking significant steps to revive 42 stalled projects in Sihanoukville province, totalling an investment capital of USD 564 million. This initiative is part of the ongoing effort to revitalise the coastal region and encourage the resumption of major developments. During the 13th meeting on the "Special Program to Promote Investment in Sihanoukville Province 2024," h...

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Cambodia Boosts Agricultural Irrigation Capacity by Nearly 2 Million Hectares by 2024

In a significant advancement for its agricultural sector, Cambodia has successfully increased the irrigation capacity of its agricultural land by approximately 1,969,843 hectares as of 2024. This achievement is part of the Cambodian government's ongoing efforts to enhance irrigation systems nationwide, ensuring access to vital resources for its citizens. During a meeting of Senate Committee 3 h...

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Cambodian Government Exempts Local Cement Industry from Special Tax for Two Years

The Royal Government of Cambodia has announced a significant measure to support the local cement industry by waiving the special tax for a period of two years. This decision, outlined in a Prakas from the Ministry of Economy and Finance dated 14 January 2025, is aimed at easing the financial burden on the industry. During a recent statement, Minister of Economy HE Aun Porn Moniroth confirmed th...

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Cambodia to Issue 500 Billion Riels in Securities to Balance National Budget in 2025

In a strategic move to bolster its national budget, the Cambodian government has announced plans to issue an additional 500 billion riels in state securities in 2025. This decision, revealed in a press release dated 23 December 2024, aims to enhance investment capabilities while ensuring fiscal stability. The Ministry of Economy and Finance will conduct an auction for these securities at the Na...

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Government Cancels Cement Projects to Protect Ecotourism in Kampot Province

In a significant move to preserve the region's ecotourism and cultural heritage, the Cambodian government has canceled over 460 hectares of cement projects in Kampong Trach district, Kampot province. This decision affects a limestone mountain cement project previously licensed to BYRICH Construction Material Company Limited. The cancellation is outlined in letter No. 1878 from the Office of the...

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Cambodia Adopts 36 New National Standards to Boost Investment and Local Industry

In a significant move to attract investment and enhance local industrial capabilities, Cambodia's National Standards Council has approved 36 new national standards following a comprehensive review of 41 proposals. Minister Hem Vandy announced the decision during the Council's 29th meeting on 26 December 2024 at the Ministry of Industry, Science, Technology, and Innovation. During the meeting, M...

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