Uncategorized

Cambodian Gov’t Establishes Smart City Development Steering Committee

In a decisive move towards urban innovation, the Cambodian government has formed a Smart City Development Coordinating and Steering Committee, underscoring its commitment to future-ready urban planning. The committee, established by a decision issued by PM Samdech Thipadei Hun Manet on 8 August 2024, is tasked with guiding the nation's smart city initiatives, reflecting Cambodia's aspirations for ...

Read More

Drainage System Upgrade on NR No. 4 in Phnom Penh Reaches 6.7% Completion

The ambitious project to enhance the drainage system along NR No. 4 in Phnom Penh has achieved a significant progress rate of 6.7% as of 25 July 2024, surpassing the planned target of 3.92%. This milestone was reviewed during a meeting on 7 August 2024, which assessed the progress of the emergency investment project aimed at upgrading sewer infrastructure and drainage systems to mitigate floodi...

Read More

AEON Mall Vietnam to Invest Over US$167m in Landmark Thanh Hoa Shopping Centre

AEON Mall Vietnam has secured approval from Thanh Hoa provincial authorities to invest over US$167 million in a large shopping centre spanning 10.5 hectares, set to become the largest commercial hub in the northern region of Vietnam. This significant investment, reported by VNEXPRESS on 4 August 2024, underscores AEON Mall's commitment to expanding its footprint in Vietnam's retail landscape. T...

Read More

19 Japanese Firms Set Sights on Cambodia’s Green Technology & Carbon Credit Sectors

A total of 19 Japanese companies have shown strong interest in investing in Cambodia’s green technology and carbon credit sectors, a promising development discussed during a high-level meeting between Prime Minister Samdech Hun Manet and Ms Mio Kawada, Vice President of the Japan External Trade Organization (JETRO), on 7 August 2024. Representing the interests of the 19 companies, Ms Mio Kawada...

Read More

NR 31 Rehabilitation Project Nears Completion at Over 96%, Ahead of Schedule

The rehabilitation and upgrade of NR No. 31, covering a distance of over 53 kilometres, has achieved an impressive 96.10% completion as of early August 2024. With this pace, the project is expected to be completed a full year ahead of schedule, while maintaining the highest technical standards, according to the Ministry of Public Works and Transport on 9 August 2024. The ministry confirmed that...

Read More

The Gov’t Explores Two Road Options to Connect Tonle Bassac Bridge to NR 1

The Ministry of Public Works and Transport is evaluating two potential routes to connect the new US$60 million Bassac River Bridge, which links Chak Angre Krom to Prek Pra, with NR No. 1. During a project meeting on 7 August 2024, chaired by HE Suong Heng, Secretary of State, the team reviewed these alternatives: the first route spans 1.595 km, while the second covers 1.490 km. Both roads aim t...

Read More

CDC Collaborates with EUROCHAM to Streamline Business Procedures to Attract More Foreign Investment

Cambodia’s Council for the Development of Cambodia (CDC) and the European Chamber of Commerce in Cambodia (EUROCHAM) have taken significant steps to streamline investment procedures, aiming to attract more foreign investments into the country. In a strategic meeting held on 7 August 2024, chaired by HE Sun Chanthol, Deputy Prime Minister and first Vice President of the CDC, and Mr Tassilo Brinzer,...

Read More

NR33 (Kampot-Chrak Lok) Rehabilitation Reaches 90.84% Completion

The rehabilitation and quality improvement of NR No. 33, connecting Kampot to Chrak Lok, has reached 90.84% completion as of the end of July 2024. This crucial infrastructure project, which spans approximately 52.57 km and passes through Kampot province, Kep city, and Damnak Chang Eur district, was inspected by HE Pal Chandara, Secretary of State of the Ministry of Public Works and Transport, alon...

Read More

Cambodia Approves 44 New Investments Worth US$396m in July

In July 2024, the Council for the Development of Cambodia approved 44 new investment projects, including 41 new ventures and three production expansion projects, totalling US$396 million and creating 25,000 jobs. This significant investment approval highlights Cambodia's growing attractiveness to investors. Among the 44 projects, 31 are located outside the Special Economic Zones (SEZs) and 13 w...

Read More

Four Cambodian Provinces in the Development Triangle Secures US$3.7bn in 105 Investment Projects

Cambodia's four provinces within the Development Triangle (CLV) have attracted 105 investment projects worth US$3.7 billion, creating over 160,000 jobs. This announcement was made by Dr Ky Sereyvath, an economist from the Royal Academy of Cambodia, during a presentation on 2 August 2024. The Development Triangle, comprising the provinces of Kratie, Stung Treng, Mondulkiri, and Ratanakiri, has s...

Read More