Significant Economic Growth in Cambodia as of Early 2025

In a promising development for Cambodia’s economy, the country witnessed an impressive increase in enterprises during the first quarter of 2025. The total number of registered businesses and establishments reached 45,255, adding 457 new enterprises compared to the previous quarter. This growth is further accompanied by a significant boost in employment, with the workforce now totaling 1,846,837 in...

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Japan to Develop 50MW Biomass Power Plant in Kampong Speu

Erex Co., Ltd., a prominent Japanese investment firm, has announced plans to construct a 50MW biomass power plant in Kampong Speu province, with construction set to begin in June 2025. The ambitious project aims to bolster the region's energy supply and provide more affordable electricity for Kampong Speu and neighboring areas. This significant announcement came during a meeting between His Exc...

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Groundbreaking for Cambodia’s First Electric Vehicle Assembly Plant in Sihanoukville

BYD Cambodia Co., Ltd., a subsidiary of the renowned BYD Auto Industry, has officially commenced construction of its first electric vehicle (EV) assembly plant in Cambodia. The new facility is strategically located within the Sihanoukville Special Economic Zone. His Excellency Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia (CDC), presi...

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DEEM ALMASEAH Sets Sights on Expanding Investments in Cambodia’s Infrastructure

In a significant development for Cambodia's economic landscape, DEEM ALMASEAH FOR TRADING Co., Ltd has expressed its intent to invest in the country's burgeoning infrastructure and telecommunications sectors. This commitment was unveiled during a meeting between Prime Minister Hun Sen and Mr. Salem Mubarak Salem Al-Hadhyan, the company's CEO, on April 25, 2025. Mr. Al-Hadhyan emphasized the com...

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Cambodia Welcomes 18 New Investment Projects Worth USD 361 Million

In a significant economic boost, Cambodia has approved 18 new investment projects, totaling an impressive USD 361 million, to enhance the agriculture and industrial sectors across seven provinces and cities. These projects have been officially registered with the Council for the Development of Cambodia. On April 25, 2025, a meeting chaired by His Excellency Chea Vuthy, Secretary-General of the ...

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US tariffs: Impact on data centre construction

The US tariffs will negatively impact data centre construction and, as a result, drive up the cost of AI processing. Building data centres requires materials and supplies, construction equipment, electrical components, and cooling systems, even before IT and network infrastructure are deployed. As all construction costs increase, so will the cost of data centre builds, which will be passed on to e...

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Vietnam Launches Ambitious USD 8.4 Billion Wonder City Project in Can Gio

  Vingroup, a prominent Vietnamese conglomerate, has officially broken ground on a groundbreaking modern tourist development titled Vinhomes Green Paradise in Can Gio, a coastal area located about 50 kilometers southeast of Ho Chi Minh City. The project, which represents an investment of over 217.05 trillion VND (approximately USD 8.44 billion), aims to create a world-class urban area whil...

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AEON Breaks Ground on USD 46 Million Shopping Mall in Vietnam

  In a strategic move amidst the global economic downturn, Japanese retail giant AEON is strengthening its presence in Vietnam with the groundbreaking of a new shopping mall. On April 19, 2025, AEON Vietnam commenced construction on the AEON HAI DUONG shopping mall in Hai Duong province, located just north of Hanoi. The project has an investment of VND 1.18 billion (approximately USD 45.61...

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Bay of Lights: A Bold Step Forward in Cambodia’s Coastal Transformation

Sihanoukville, Cambodia – April 21, 2025 – Breaking ground in 2022, the $16 billion Bay of Lights coastal development is rapidly taking shape along the scenic shores of Ream Bay in Sihanoukville. Spanning over 934 hectares, this ambitious project combines innovation, progress, and community impact, positioning Sihanoukville as the Next Southeast Asia’s next major economic and cultural destination....

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InterContinental Hotels & Resorts to Open USD 300 Million Landmark in Sihanoukville, Marking Grand Return to Cambodia

InterContinental Hotels & Resorts will make its return to Cambodia with a USD 300 million luxury property in Sihanoukville, scheduled to open in 2028 as part of the expansive Peninsula Bay Integrated Resort. The announcement coincides with a notable revival in Cambodia’s tourism industry, which saw a 23% increase in international arrivals in 2024, exceeding pre-pandemic levels by 1.4%, driven ...

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