Giant South Korean Firm Invests Nearly US$18 billion in Vietnam in 24 years

South Korea’s electronics giant Samsung has invested nearly US$18 billion in manufacturing and research facilities in Vietnam in the last 24 years. The investment amount represents 29% of total investment in the last five, VN Express reported on 7 December. Samsung, with eight manufacturing and research facilities in the country, earned revenues of nearly US$60.5 billion in the first 10 mont...

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Construction of PP-SHV Expressway Over 70% Complete

The construction of the 190-kilometre Phnom Penh-Sihanoukville Expressway was 70.93% complete as of November. The updates were shared in an inspection visit led by HE Yit Bonna, Secretary of State of the Ministry of Public Works and Transport (MPWT) on Friday 10 December. Having started construction on March 2019, the road is being built by PPSHV Expressway Co., Ltd., a subsidiary of China R...

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DPM Tea Banh: New National Defence Ministry Equipped with Numerous Unique Features

Deputy Prime Minister and Minister of National Defence Samdech Tea Banh has expressed his pride in the newly completed Ministry of National Defence headquarters, citing that the building is equipped with numerous special features. Not revealing all the features, DPM Tea Banh only said that one of the special functions of the building is the large-scale rooftop helipad, which can allow Z-9 helic...

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Construction Starts on Cambodia’s Largest Biomass Power Plant

Heineken Cambodia has begun the construction of its biomass power plant to generate thermal energy for its brewing process. The company said during the ground-breaking event held on 8 December that the plant will be Cambodia's largest Biomass Power Plant as a key part of the firm’s commitment to Brew a Better Cambodia. Built under a partnership with BECIS, this biomass plant represents an in...

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TRIBE to Open Hotel in Cambodia in 2022

TRIBE, part of Ennismore, a global collective of lifestyle brands, is preparing to open a hotel in Cambodia in February next year, becoming its first hotel in Southeast Asia. Named TRIBE Phnom Penh Post Office Square, the hotel has 260 rooms, according to a press release. The hotel will bring a bold design edit to Cambodia’s hotel scene and the wider region as the first TRIBE branded hotel i...

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Study Complete for SHV Port Expansion Project Phase 2 & 3

The Minister of Public Works and Transport HE Sun Chanthol has given full support to the study result of Sihanoukville deep seaport expansion project Phase 2 & 3 that have just been completed by JICA. HE Sun Chanthol provided the feedback during a meeting with Director General of Sihanoukville Autonomous Port HE Lou Kim Chhon on Monday 8 December. According to the result, the port will b...

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New Pnnom Penh Airport Named ‘Techo International Airport’; Now 27% Complete

As of December 2021, the construction project of the new Phnom Penh Airport, which has recently been renamed as the "Techo International Airport, Takhmao City" has reached 27% completion, on track to start operation by 2023. This is according to the site inspection by Cambodia Prime Minister Samdech Hun Sen on 9 December. On this occasion, Cambodia Airport Investment Co., Ltd (CIAC) and OCIC...

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PM Urges Domestic Private Firms to Invest in Bonds to Fund New PP Airport Construction

Prime Minister Samdech Hun Sen has urged local financial institutions to invest in the new Phnom Penh International Airport in Kandal province through the US$300-million guaranteed bond issued by Cambodia Airport Investment Co., Ltd (CAIC). Among the total bond amount, to date, over US$80 million have been issued to many firms such as banks, insurance companies, and other financial institutions...

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38-Road Renovation Project in Siem Reap 92% Finished, on Track for Completion by Year’s End

The construction of the 38-road project in Siem Reap has reached 92.72% completion as of November 2021, while the working teams are now accelerating the progress, aiming for completion by year’s end. This is according to the inspection by HE Sun Chanthol, Minister of Public Works and Transport, on Tuesday 7 December. During the inspection, HE Sun Chanthol asked the relevant working group to ...

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Japanese-funded surgery & maternity building in Kratie hospital officially inaugurated

The Ministry of Health on Monday inaugurated a new surgery and maternity building at the Kratie Provincial Referral Hospital constructed with the Japanese grant aid of US$900,000. The inauguration ceremony was presided over by Minister of Health HE Mam Bunheng, Kratie Governor HE Va Than, and Japanese Ambassador to Cambodia HE Mikami Masahiro. According to the fund owner, the Japanese Founda...

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