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ខ្មែរ Uncategorized
CDC Collaborates with EUROCHAM to Streamline Business Procedures to Attract More Foreign Investment
- 8 August 2024
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,...
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NR33 (Kampot-Chrak Lok) Rehabilitation Reaches 90.84% Completion
- 8 August 2024
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...
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Cambodia Approves 44 New Investments Worth US$396m in July
- 7 August 2024
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...
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Four Cambodian Provinces in the Development Triangle Secures US$3.7bn in 105 Investment Projects
- 7 August 2024
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...
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Gov’t Backs 24 Stalled Projects in SHV with $129m Investment
- 5 August 2024
The government is reinforcing support for 24 projects in Sihanoukville, involving a total investment of US$129 million, including both stagnant buildings and those currently under development. This was disclosed by the task force on their official Facebook page on 31 July 2024. From February to June 2024, the task force facilitated incentives for 61 projects, amounting to a combined investment ...
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Japan Heart Supports Construction of Paediatric Oncology Hospital in Kandal Province
- 3 August 2024
Japan Heart Children’s Medical Centre has announced the construction of a three-storey paediatric oncology hospital in Kandal province. The facility, which will feature 100 rooms and four operating theatres, is expected to be completed within 15 months, with an opening scheduled for October 2025. This initiative, disclosed by Japan Heart on 31 July 2024, is a significant step toward enhancing h...
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New National Assembly Building in Cambodia Reaches 57% Completion with Vietnam’s US$25m Grant
- 2 August 2024
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 by August, COVI...
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Cambodia’s Manufacturing Sector Expands with 2,175 Factories and Over 1.1 Million Jobs
- 1 August 2024
As of the first half of 2024, the Ministry of Industry, Science, Technology, and Innovation (MISTI) has registered a total of 2,175 manufacturing factories, up from 1,997 in the same period last year. These factories collectively employ about 1.1 million workers, according to a recent report from the National Bank of Cambodia, issued last week on 1 August 2024. The report projects the manufactu...
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Cambodian Senate Approves Landmark Air Transport Law to Boost Aviation Sector
- 1 August 2024
In a significant move to bolster Cambodia’s aviation industry, the Senate has unanimously approved the draft law on international air transport. The approval, achieved with 56 out of 56 votes during the extraordinary session of the Senate of the 5th legislature, was held under the chairmanship of Samdech Techo Hun Sen on 31 July 2024. The newly approved law aims to establish a robust legal fram...
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Korea Pledges US$10 Million Cooperation Fund to Boost Mekong Development by 2027
- 31 July 2024
The Republic of Korea has pledged to increase its financial contribution to the Mekong-Republic of Korea Cooperation Fund to US$10 million by 2027, aiming to bolster sustainable development and environmental protection in the Mekong subregion. This commitment was announced in a press release on 28 July 2024. During the 12th Meeting of the Foreign Ministers of the Mekong and the Republic of Kore...
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