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ខ្មែរ Projects Development
Hyundai Open First EV Battery Plant in Indonesia, First in ASEAN, Aiming to Supply 150,000 Vehicles Annually
- 21 July 2024
Hyundai has launched its first electric car battery plant in Indonesia in partnership with LG Energy Solution, setting a significant milestone in its global supply chain strategy. The new facility, capable of supplying around 150,000 Hyundai and Kia electric vehicles annually, began operations on 3 July 2024, according to Asia.nikkei.com. With an operational capacity of 10 GWh per year, the pla...
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Cambodia Approves Over US$3bn in 190 New Projects in Six Months, Kampong Speu Leads in Investment
- 18 July 2024
In the first half of 2024, the Council for the Development of Cambodia (CDC) approved 190 new investment projects, production expansion projects, and special economic zone investments, totalling US$3.2 billion and creating 168,572 jobs. This marks an increase of 77 projects and more than US$2 billion in investment capital compared to the same period in 2023, as reported by the CDC on 5 July 2024. ...
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50 Chinese Investors Explore Lucrative Prospects in Kampong Speu’s Five Key Sectors
- 17 July 2024
Fifty investors from Zhejiang province, China, are actively exploring investment opportunities in Kampong Speu, focusing on the five key sectors of agriculture, agro-industry, mining and energy, and industry. This interest was announced on the official Facebook page of Kampong Speu Provincial Administration on 16 July 2024. According to HE Cheam Chansophoan, Governor of Kampong Speu Province, t...
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Cambodia Approves 1330 Construction Projects Worth US$1.81bn in Five Months of 2024
- 16 July 2024
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) approved 1,330 construction projects in the first five months of 2024, with a total investment capital of $1.811 billion. This marks a 9% decrease from the 1,463 projects approved in the same period last year. The construction area covered 4.27 million square metres, a 22% decline and investment capital amounted to US$1,8...
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China’s Undersea Cable Expansion Defies U.S. Sanctions, Bolsters Domestic Production
- 16 July 2024
China's undersea cable manufacturers are thriving despite U.S. trade restrictions, with Beijing's push for self-sufficiency in critical communications infrastructure fuelling growth. FiberHome International Technologies, blacklisted by the U.S. in 2020, has reported increased business due to China's drive for domestic production. "We don't need foreign technologies," a FiberHome executive told Nik...
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Sunwah Group Eyes Electric Vehicle Assembly Investment in Cambodia
- 16 July 2024
Sunwah Group is considering investing in the assembly of electric vehicles in Cambodia, exploring the sector's potential with keen interest. Representatives from SUN WAH PROPERTIES (CAMBODIA) CO., LTD. recently met with HE Nuth Un Vanra, Deputy Secretary General of the Cambodian Investment Committee of the Council for the Development of Cambodia (CDC), to discuss these investment opportunities on ...
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Gov’t Calls on Capital-Provincial Governors for More Drug Rehabilitation Centres in Cambodia
- 15 July 2024
HE Dr Sar Sokha, Deputy PM and Minister of Interior has urged capital-provincial governors to attract and support private investment projects for the establishment of drug addiction rehabilitation centres in Cambodia. This statement was made at the inauguration ceremony of His Excellency Pen Kosal as the new Governor of Tbong Khmum Provincial Board of Governors on 11 July 2024. During the cerem...
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Phnom Penh’s Flood Mitigation Efforts Progressing: 13 Projects Achieve 6.5% Completion
- 13 July 2024
Of the 50 flood mitigation projects initiated by the government to alleviate flooding in Phnom Penh over five years, 13 projects are currently underway, achieving 6.5% completion. This was announced on Prime Minister Samdech Hun Manet’s official Facebook page on 11 July 2024. According to the announcement, these 13 projects are concentrated in the most flood-prone areas, including the vicinity ...
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Toyota CEO to Launch Motor Vehicle Training Academy in Cambodia
- 10 July 2024
Toyota Tsusho Manufacturing (Cambodia) is set to establish a Toyota Academy in Cambodia, aimed at providing specialized motor vehicle training. The company's director, Mr. Fujita Ryoji, announced this initiative during a meeting with PM Hun Manet on 2 May 2024. In response, PM Hun Manet instructed the company to collaborate closely with the Ministry of Labor and Vocational Training to finalise ...
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Cambodia’s 44 SEZs Drive Almost 200k Job Creation & Economic Growth
- 9 July 2024
Cambodia currently boasts 44 special economic zones (SEZs), generating nearly 200,000 employment opportunities. This was highlighted by HE Chea Vuthy, Secretary General of the Cambodian Investment Committee of the Council for the Development of Cambodia (CDC), during a meeting on 2 July 2024 with a delegation from Greenleaf Sci. & Tech Group Co., Ltd., led by Xi Jiancheng. HE Chea Vuthy emp...
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