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Gov’t Backs 24 Stalled Projects in SHV with $129m Investment
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 ...
Read MoreJapan Heart Supports Construction of Paediatric Oncology Hospital in Kandal Province
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...
Read MoreNew 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 by August, COVI...
Read MoreCambodia’s Manufacturing Sector Expands with 2,175 Factories and Over 1.1 Million Jobs
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...
Read MoreCambodian Senate Approves Landmark Air Transport Law to Boost Aviation Sector
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...
Read MoreKorea Pledges US$10 Million Cooperation Fund to Boost Mekong Development by 2027
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...
Read MoreGolden 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 of Golden Port SE...
Read MoreSamdech Techo Pushes for Expedited Construction of NR No. 78.5 connecting Ratanakkiri to the Triangle Area
Samdech Techo Hun Sen, President of the Senate of Cambodia, has urged the new government to expedite the construction of NR No. 78.5, connecting Ratanakkiri Province and Banlung City to the "tail of the dragon" (Angle 3) with a length of over 166 kilometres. In a special message addressing the CLV development triangle (Cambodia, Laos, Vietnam) on 23 July 2024, Samdech Techo Hun Sen expressed hi...
Read MoreLao Gov’t Approves New 63 km Expressway Section from Oudomxay to Chinese Border
The Lao government has given the green light for the construction of the fourth section of an expressway, enhancing transport connectivity between Laos and China. This newly approved segment will span 63 kilometres, linking Oudomxay province to Boten in Luang Namtha province, a key border area with China, according to a report by Pasaxon on 24 July 2024. The expressway project, aimed at boostin...
Read MoreVietnam Expands 400MW of Electricity Supply to Cambodia: Pledging More Cooperation
Vietnam has announced a significant increase in its electricity supply to Cambodia, pledging up to 400 megawatts to support the nation’s economic growth. This commitment follows a recent meeting between Samdech Techo Hun Sen, President of the Senate of Cambodia, and HE Pham Minh Chinh, Prime Minister of Vietnam, held in Hanoi on 25 July 2024. The agreement includes renewing an existing contract...
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