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ខ្មែរ Uncategorized
VinFast Invests US$200m in New Indonesian Plant, Aiming for 50,000 Cars Annually
- 22 July 2024
Vietnamese electric vehicle (EV) maker VinFast has committed US$200 million to establish a new manufacturing plant in Subang, West Java, Indonesia. The facility, which will have the capacity to produce up to 50,000 cars annually, will feature a general assembly line, paint shop, and special test area, creating thousands of local jobs. This information was reported by Global Construction Review on ...
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Hyundai Open First EV Battery Plant in Indonesia, First in ASEAN, Aiming to Supply 150,000 Vehicles Annually
- 21 July 2024
Hyundai has launched its first electric car battery plant in Indonesia in partnership with LG Energy Solution, setting a significant milestone in its global supply chain strategy. The new facility, capable of supplying around 150,000 Hyundai and Kia electric vehicles annually, began operations on 3 July 2024, according to Asia.nikkei.com. With an operational capacity of 10 GWh per year, the pla...
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Japan Grants Over US$57m to Cambodia for Human Resource & Infrastructure Development
- 20 July 2024
The Ministry of Economy and Finance and the Japan International Cooperation Agency (JICA) have signed two agreements worth 8.679 million yen (US$57.5 million) to support human resource and infrastructure development in Cambodia. This was announced in a joint press release on 19 July 2024. The agreements include a grant financing agreement and a concessional loan agreement, specifically: Hu...
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Cambodia Sees 18% Surge in Construction Material Imports, Reaching US$750m in First Half of 2024
- 19 July 2024
Cambodia imported construction materials worth a total of US$753 million in the first six months of 2024, marking an 18 percent increase from the previous year, according to a report by the Ministry of Commerce. Cement imports were valued at nearly US$10 million, showing a 9% decrease, while iron and steel imports soared to US$384 million, a 50% increase. The rise in construction material impor...
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Prime Minister Breaks Ground for US$1m Museum at Wat Reachbo, Siem Reap Province
- 19 July 2024
Cambodia’s Prime Minister Samdech Hun Manet presided over the groundbreaking ceremony for the Samdech Pin Sem Museum at Wat Reachbo, a project valued at over US$1 million, located in Siem Reap's Sala Kamroeuk district. Speaking during the event, the PM emphasised that the construction of the museum will contribute to the socio-economic development of Siem Reap by preserving cultural heritage an...
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Cambodia Settles Nearly US$200m Debt by Q1 2024, Total Public Debt Exceeds US$11bn
- 18 July 2024
By the end of the first quarter of 2024, Cambodia had paid off nearly US$200 million in debt, with the total public debt reaching US$11.09 billion, according to the Cambodian Public Debt Statistics Bulletin No. 22. The total public debt includes US$11 billion in foreign public debt and US$98 million in domestic public debt. In the first quarter of 2024, Cambodia settled US$181.55 million in tot...
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Cambodia Approves Over US$3bn in 190 New Projects in Six Months, Kampong Speu Leads in Investment
- 18 July 2024
In the first half of 2024, the Council for the Development of Cambodia (CDC) approved 190 new investment projects, production expansion projects, and special economic zone investments, totalling US$3.2 billion and creating 168,572 jobs. This marks an increase of 77 projects and more than US$2 billion in investment capital compared to the same period in 2023, as reported by the CDC on 5 July 2024. ...
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50 Chinese Investors Explore Lucrative Prospects in Kampong Speu’s Five Key Sectors
- 17 July 2024
Fifty investors from Zhejiang province, China, are actively exploring investment opportunities in Kampong Speu, focusing on the five key sectors of agriculture, agro-industry, mining and energy, and industry. This interest was announced on the official Facebook page of Kampong Speu Provincial Administration on 16 July 2024. According to HE Cheam Chansophoan, Governor of Kampong Speu Province, t...
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Gov’t Prepares Roadmap for River Port Business Linked to Sea Route
- 17 July 2024
The Cambodian government is developing a comprehensive plan to manage the river port business connected to sea routes, spanning from 2025 to 2033. The Ministry of Economy and Finance has announced that they are crafting a draft framework aimed at improving and overseeing the river port business and its maritime connections. This initiative is expected to bolster Cambodia's economic growth and r...
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Cambodia Approves 1330 Construction Projects Worth US$1.81bn in Five Months of 2024
- 16 July 2024
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) approved 1,330 construction projects in the first five months of 2024, with a total investment capital of $1.811 billion. This marks a 9% decrease from the 1,463 projects approved in the same period last year. The construction area covered 4.27 million square metres, a 22% decline and investment capital amounted to US$1,8...
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