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France to Build Museum Near Koh Ker to Boost More Tourists
France plans to build a museum near Koh Ker temple to attract more tourists. This initiative was discussed by HE M. Vincent Éblé, Senator of the Seine-et-Marne (Île-de-France) and Chairman of the Franco-Cambodian Friendship Group, during a meeting with Samdech Techo Hun Sen on 17 May 2024. During the meeting, HE M. Vincent Éblé suggested that encouraging tourists to stay longer in Cambodia coul...
Read MoreKorean Industrial Alliance Eyes Major Investments in Cambodia’s Furniture, Engineering, and Automotive Sectors
Plans to expand investment in Cambodia's furniture, engineering, and automotive sectors have been confirmed by new companies from the Korea Industrial Alliance Forum. This announcement was made during a discussion between His Majesty the King of Cambodia and Mr. Marn Ki-jeong, President of the Korea Federation of Industries (KIAF) on 17 May 2024, during an official visit to Seoul, Republic of Kore...
Read MoreChinese Company YIG Eyes SEZ Opportunity Near Siem Reap Angkor International Airport
In a move that could significantly bolster Siem Reap's economic landscape, YIG, a major Chinese investment firm, has expressed interest in developing a special economic zone (SEZ) near the newly constructed Siem Reap Angkor International Airport. This interest was conveyed during a meeting on 17 May 2024 between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and a YIG dele...
Read MoreCambodia & Korea Strengthen Trade Ties with US$751m Volume & New Six MoUs
Cambodia and South Korea reaffirmed their strong trade partnership with a bilateral trade volume reaching US$751 million in 2023 and the signing of six Memoranda of Understanding (MoUs) on 16 May 2024. The MoU signing ceremony, presided over by Cambodian Prime Minister Hun Manet and South Korean President Yoon Suk Yeol in Seoul, signifies a commitment to further collaboration across various sector...
Read MoreKampot Unveils Plans to Enchant Tourists with Floating Market & Beach Developments
In a bid to solidify Kampot's position as a premier tourist destination, provincial authorities have unveiled a series of captivating projects, including a floating market and pristine beach developments, according to the Ministry of Information on 17 May 2024. These initiatives aim to broaden Kampot's tourism offerings, catering to both domestic and international visitors. Inspired by the well...
Read MoreCambodia, Korea signed an MOU to do a feasibility study on the establishment of the SEZ in Cambodia
Cambodia and Korea have signed a Memorandum of Understanding (MoU) to study the possibility of establishing a Cambodia-Korea Special Economic Zone in a specific sector aimed at attracting more Korean investors to Cambodia. The Memorandum of Understanding on Investment Cooperation was signed by the Council for the Development of Cambodia and the Ministry of Commerce, Industry and Energy of the R...
Read MoreKampong Speu Irrigation Projects Nearing Completion: Roleang Chrey Canal at 60%, Tasal Reservoir at 90%
Significant progress has been made on critical irrigation projects in Kampong Speu province, according to an inspection visit by HE Bun Hean, Secretary of State and Chairman of the Project Inspection Unit of the Ministry of Water Resources and Meteorology, on 15 May 2024. The rehabilitation of the Tasal Reservoir and the North Roleang Chrey Canal irrigation system is nearing completion, with wo...
Read MoreCDC Encourages Chinese Firms to Invest in Domestic Raw Material Production, Aiming to Boost Self-Sufficiency in Cambodia
In a bid to reduce reliance on imports, Cambodia's Council for the Development of Cambodia (CDC) is actively courting Chinese investment in domestic raw material production, according to a meeting held on 15 May 2024. Secretary General of the Board of Investment of Cambodia, HE Chea Vuthy, met with a delegation from China's Zhejiang Construction Investment Group Co., Ltd., led by the Chairman o...
Read MoreCambodia Gears Up for a Greener Future with Smart Climate Tech Supported by GGGI
In a significant step towards sustainable development, Cambodia's Ministry of Public Works and Transport (MPWT) and the Global Green Growth Institute (GGGI) signed a Memorandum of Understanding (MoU) to collaborate on utilising smart climate technology for wastewater management and green transportation initiatives, according to the signing ceremony between HE Peng Po, Minister of Public Works and ...
Read MoreExperts from Well-known Chinese University to Boost Cambodia Rice-Fish Farming
Aiming to bolster rice-fish and rice-shrimp farming in Cambodia, a research team from Shanghai Ocean University concluded an investigative and training visit to the country, contributing to the development of the Fish and Rice Corridor between China and Cambodia, as reported by China Daily on 13 May 2024. "Cambodia boasts a rice cultivation area of 3.3 million hectares. However, the area used f...
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