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ខ្មែរ Uncategorized
NR 33 Rehabilitation Gains Momentum: 40% Completion Ready for Sea Festival
- 30 October 2023
Progress on the rehabilitation of Cambodia's vital National Road 33 is well underway, with completion inching closer to reality. As of 27 October 2023, the ambitious project, aimed at enhancing the quality of this crucial transport artery, has reached nearly 40% completion. This substantial achievement underscores the government's commitment to ensuring the road is ready for the upcoming Sea Festi...
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ADB Commits to Boosting Investment in Cambodia’s Irrigation & Climate Resilience
- 28 October 2023
The Asian Development Bank (ADB) has reaffirmed its commitment to expanding investment in Cambodia's irrigation and climate resilience efforts. This vital commitment was solidified during a high-level meeting held on 26 October 2023, between Cambodia's Minister of Water Resources and Meteorology, HE Thor Chetha, and Lok Chumteav Lyotsana Varma, Director General of the Asian Development Bank in Cam...
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Gov’t Greenlights Four New Factories with US$13m Investment, Paving the Way for 782 New Jobs in Svay Rieng & SHV
- 27 October 2023
The Council for the Development of Cambodia (CDC) has given its stamp of approval for four new dynamic companies to establish factories, with a total investment of US$13 million. This bold move is set to open the gateway to economic prosperity in Svay Rieng and Sihanoukville provinces. The CDC made this announcement on 27 October 2023. The CDC's decision is underpinned by its commitment to fost...
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VN’s VinFast Market Expansion: $400 Million Investment in EV Factories in India and Indonesia
- 26 October 2023
Vietnamese electric vehicle (EV) manufacturer VinFast is gearing up for a substantial expansion, with plans to establish manufacturing facilities in India and Indonesia. These ambitious moves are backed by a projected $1.2 billion capital infusion from its founder and other investors. VinFast, a Nasdaq-listed company, envisions entering 50 markets worldwide by the close of 2024, according to Asia...
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Cambodia and China Forge Strategic Alliances in 10 Key Sectors to Accelerate Development
- 26 October 2023
In a groundbreaking move, the Cambodian Government and the People's Republic of China have inked ten Memoranda of Understanding (MoUs) to propel progress in critical sectors encompassing energy, rural development, and temple restoration. These momentous agreements were formalized during the attendance of Prime Minister Samdech Hun Manet at the illustrious "Third Belt and Road Forum" in Beijing. ...
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Majestic Roundabout and King Kan Statue Near Completion in Tbong Khmum at 90% Progress Mark
- 25 October 2023
An architectural marvel is nearing completion in Tbong Khmum, as the roundabout and the awe-inspiring 13.35-meter-high copper statue of King Kan near the 90% milestone. This significant achievement was confirmed by the Tbong Khmum Provincial Administration on the 23rd of October, 2023. Situated at the juncture of National Road No. 7, precisely at km 157+210, and a type "A" road in the location ...
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US$380k Cutting-Edge Storage Facility Officially Unveiled at Phnom Penh Autonomous Port
- 25 October 2023
An impressive addition to Cambodia's logistical infrastructure is now officially in operation as the Phnom Penh Autonomous Port (PPAP) unveiled its brand-new temporary customs warehouse. Valued at US$380,000, this state-of-the-art facility boasts a substantial storage capacity, capable of accommodating approximately 8,640 tons of cargo. The inauguration of this cutting-edge warehouse was a mome...
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Giant Chinese Tyre Producer Conducting Feasibility Study to Set Up a Car Tyre Factory in Cambodia
- 25 October 2023
Cambodia is gearing up for a promising partnership as one of China's tire manufacturing giants, Wanli Tires, explores the prospect of establishing a tire factory within the kingdom. The stage was set for this transformative opportunity during a high-profile meeting between Cambodia's Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, HE Sun Chanthol, and...
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BYD to Construct Two Electric Vehicle Service Centres to Revolutionise Cambodia’s Automotive Landscape
- 24 October 2023
BYD, a renowned automotive company is making substantial strides in Cambodia, with the construction of two service centers underway, firmly establishing the brand's foothold in the nation. This promising endeavor was discussed during a significant meeting between Cambodia's Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, HE Sun Chanthol, and the De...
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Price Wars Drive Mitsubishi Motors Out of China to Move to Southeast Asia
- 24 October 2023
In a strategic move, Mitsubishi Motors has taken the decision to cease automobile production in China. This significant shift in strategy comes as Mitsubishi grapples with sluggish sales in China, primarily attributed to the increasing popularity of electric vehicles (EVs) and the emergence of local automotive brands. As the curtains close on their Chinese operations, Mitsubishi Motors is poise...
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