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Ho Chi Minh City and Hanoi Shine as Top Investment Destinations in the 2023 Asia-Pacific Survey

A recent Asia-Pacific Investor Interest Survey 2023 released by CBRE reveals some great news for Vietnam's real estate sector. Based on the experience of 500 regional real estate investment experts, Ho Chi Minh City and Hanoi have been ranked as the top 10 most attractive destinations for cross-border investment in the Asia-Pacific region. Ho Chi Minh City has risen to third place, surpassing even...

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The 3rd Wastewater Treatment Plant in SHV completes 98%, scheduled to end this July

The third-largest wastewater treatment plant (PS3) in Sihanoukville, located in Village 4, Sangkat 4, is on the verge of completion, achieving an impressive 98% progress as of July 11, 2023. The construction, scheduled to conclude by the end of July 2023, signifies a significant milestone in the province's commitment to environmental sustainability and efficient wastewater management. HE Kouch ...

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SHV Tourism Port Set to Transform into an International Tourist Hub

The Sihanoukville Provincial Authority has officially requested the assistance of the Ministry of Tourism in converting the newly inaugurated Sihanoukville Tourism Port into a prominent international tourist port. The aim is to facilitate seamless travel and promote tourism exchange between Cambodia, Thailand, and Vietnam. During the inauguration ceremony of the Preah Sihanouk Provincial Touris...

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Majestic New Kampong Speu Provincial Hall Nears Completion, a Symbol of Progress

The remarkable new Kampong Speu Provincial Hall, a monumental project worth over US$10 million, is nearing its final stages of construction, with approximately 90 percent of the work completed. This eagerly anticipated landmark is set to be officially inaugurated in the near future, as announced by HE Vy Samnang, the Governor of Kampong Speu Province, on social media on 10th July 2023. The arch...

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New Siem Reap International Airport Nears Completion, Set to Open in October 2023

As the construction of the new Siem Reap International Airport nears completion, reaching an impressive 98%, aviation officials have announced that the airport is on track to open its doors to the public in October 2023. This exciting progress was confirmed by Mr. Sin Chanserivutha, Undersecretary of State and spokesperson for the Secretariat of State for Civil Aviation, in a statement to Fresh Ne...

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NR No.10 Upgrade in Pursat Province Reaches Final Stages, Enhancing Connectivity

The construction of NR No.10 in Pursat province has reached its final stages, as reported by the Pursat Provincial Administration on June 28, 2023. The completion of a section from Veal Veng town, Bramoy commune to O'Som commune brings significant improvements to travel accessibility in the region. NR No.10 serves as a vital transportation link, connecting Samlot in Battambang province to Koh K...

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Kampong Speu Attracts Chinese Investors for Priority Industries

Kampong Speu Province has caught the attention of Chinese investors from Henan Province who are actively studying the region for potential investment opportunities in three key sectors: industry, agro-industry, and agriculture. HE Vy Samnang, Governor of Kampong Speu Province, made this announcement on June 28, 2023, highlighting the growing interest from Chinese investors in the province. The ...

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New Investment Law Implementation Unveiled: Government Enhances Tax Incentives for Qualifying Projects

The Government of Cambodia has recently introduced a significant sub-decree pertaining to the implementation of the Investment Law of the Kingdom of Cambodia. Referred to as Sub-Decree No. 139, this new legislation, dated June 26, 2023, encompasses 7 chapters and 28 articles. Its provisions apply to investment projects that have been duly registered and acknowledged by the Council for the Developm...

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Cutting-edge Waste Management: Kampong Thom Province Unveils US$4 Million Landfill Facility

Kampong Thom province proudly presents its state-of-the-art landfill facility, a groundbreaking project worth over US$4 million, aimed at revolutionizing sanitation and environmental management services surrounding the pristine Tonle Sap Lake. The auspicious inauguration ceremony, held under the distinguished presence of HE Sun Chanthol, Senior Minister of the Ministry of Public Works and Transpor...

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Cambodian Islands Connected: Submarine Transmission Line Sparks New Era of Development and Accessibility

In a significant milestone for island residents and the region's burgeoning investment landscape, the official launch of a submarine transmission line connecting the islands off the coast of Sihanoukville and Koh Kong provinces has taken place. This transformative project establishes a medium voltage network that seamlessly integrates island communities with the national grid, providing access to ...

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