Projects Development
New National Assembly Building in Cambodia Reaches 57% Completion with Vietnam’s US$25m Grant
The construction of Cambodia’s new National Assembly building, funded by a US$25 million grant from Vietnam, has reached 57% completion. The project committee, led by National Assembly President Khuon Sodary, reviewed progress on 31 July 2024. During the meeting, TCV, an international construction company, reported that although the project was initially expected to be completed […]
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Golden Port SEZ to Establish 270-Hectare SEZ Along Sihanoukville Expressway
Golden Port SEZ Development Co., Ltd. has unveiled plans to establish a 270-hectare special economic zone along the Phnom Penh-Sihanoukville Expressway, aiming to bolster industrial diversification in Cambodia. The announcement was made following a meeting on 29 July 2024 between Mr. Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Kaing Leng, Chairman […]
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VinFast Invests US$200m in New Indonesian Plant, Aiming for 50,000 Cars Annually
Vietnamese electric vehicle (EV) maker VinFast has committed US$200 million to establish a new manufacturing plant in Subang, West Java, Indonesia. The facility, which will have the capacity to produce up to 50,000 cars annually, will feature a general assembly line, paint shop, and special test area, creating thousands of local jobs. This information was […]
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Hyundai Open First EV Battery Plant in Indonesia, First in ASEAN, Aiming to Supply 150,000 Vehicles Annually
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 […]
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Cambodia Approves Over US$3bn in 190 New Projects in Six Months, Kampong Speu Leads in Investment
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 […]
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50 Chinese Investors Explore Lucrative Prospects in Kampong Speu’s Five Key Sectors
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 […]
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Cambodia Approves 1330 Construction Projects Worth US$1.81bn in Five Months of 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% […]
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China’s Undersea Cable Expansion Defies U.S. Sanctions, Bolsters Domestic Production
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 Nikkei on 26 June 2024. […]
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Sunwah Group Eyes Electric Vehicle Assembly Investment in Cambodia
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 […]
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Gov’t Calls on Capital-Provincial Governors for More Drug Rehabilitation Centres in Cambodia
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 […]
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