Projects Development
20 Investment Projects Proposed for Kampong Speu Province
At least twenty new investment projects, mostly clothes and footwear factories, have been proposed to be built in Kampong Speu province in 2021, according to Kampong Speu Provincial Governor Vei Samnang. Governor Samnang told Construction & Property Magazine today that the investors are currently proceeding with their plans, but some of which are being disrupted […]
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Real Estate Experts Share Key Investment Methods for Low and Middle-Income Earners
Real estate experts have urged low and middle-income earners to get more involved in the real estate market, claiming investing in real estate is not complicated as it sounds. Vice President of Cambodia Valuers and Estate Agents Association (CVEA) Man Chandy said investing in real estate does not always require huge capital. Even with an […]
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39MW Solar Power Plant in Banteay Meanchey Connected to National Grid
A 39-megawatt solar power plant in Banteay Meanchey province was recently connected to the national grid, according to PR Newswire on 10 March. The project was constructed by Chinese company Shanxi Electric Power Engineering, with JR Solar as the supplier of all solar modules. According to the same source, the plant is the largest renewable […]
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Cambodia, Laos, Vietnam Agree To Accelerate Three Major Cross-Border Infrastructure Projects
The prime ministers of Cambodia, Laos, and Vietnam have agreed to gather more resources from development partners to accelerate three major cross-border infrastructure development projects including the Phnom Penh-Ho Chi Minh railway, Hanoi- Vientiane expressway, and Vientiane–Vũng Áng railway. According to the virtual meeting between the three prime ministers on 10 March, the three nations […]
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US$4 billion Naga 3 Progressing, Set for Completion in 2025 Despite COVID-19 Crisis
Construction of the US$4 billion Naga 3 complex is progressing smoothly and is scheduled for completion in 2025 despite the COVD-19 crisis, according to NagaCorp’s report on 08 March. To date, construction is at the piling stage and being carried out by the Malaysian company Econpile. This firm has been engaged by Chinese firm MCCI […]
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Sihanoukville Port Expansion Project Phase 1 Postponed to Mid-2022
The construction of Sihanoukville port expansion project phase 1, which was first scheduled to begin this year, will now be postponed to mid-2022 due to the COVID-19 pandemic, according to a senior official at Sihanoukville Autonomous Port. The Administrative Director of the Project Management Unit of the Sihanoukville Autonomous Port Sokkoul Chenda recently told Cambonomist […]
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Overseas Investors Eye Hanoi Office Market
The strong performance of the dynamic Hanoi office market is generating increasing interest among international investors who see great future potential in the Vietnamese capital’s corporate space. The low number of vacant spaces together with high demand, Vietnam’s impressive record in controlling the COVID-19 pandemic, its strong economy and international interest, particularly from China and […]
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CDC Licenses Another Investment After Over 12 Approved in First 2 Months of 2021
The Council for the Development of Cambodia (CDC) has officially given the permit to a private firm to develop another factory in Kandal province, after over a dozen of projects worth more than US$700 million have been approved in just the two months of 2021. The investment permit this time has been granted to Jiangyao […]
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Vietnam Planning US$53 billion 30-year Airport Expansion
Vietnam is planning to raise approximately US$53 billion in an ambitious plan to expand its aviation capacity over the next 30 years, according to the Civil Aviation Authority of Vietnam (CAAV). US$15.8 billion will be needed in the next 10 years for building and expanding airports across the country with a further US$37 billion between […]
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Cambodia, Singapore Officially Sign Agreement on Phnom Penh Logistics Centre Project
The Ministry of Public Works and Transport (MPWT) and Singapore’s YCH and Infrastructure Asia (IA) officially signed a framework agreement on the Phnom Penh Logistics Centre on 04 March. As a result, Cambodia has decided to select Singapore’s YCH and Infrastructure Asia (IA) as private partners to study and develop the Phnom Penh Logistics Centre […]
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