Economy and commerce
Investment
China to expand market access for Cambodian goods
China will support Cambodia in pursuing its own development path and will work to expand the market for Cambodian goods, thereby boosting exports to the Chinese market, according to Chinese ambassador to Cambodia Wang Wenbin. ...
Niem Chheng
https://www.phnompenhpost.com/business/china-to-expand-market-access-for-cambodian-goods
PM recognises women’s essential role in Cambodia’s growth
With 24 more projects getting the approval for incentives under the ‘Special Investment Promotion Programme for Preah Sihanouk Province’ initiated by Prime Minister Hun Manet in January this year, the total number of projects under the scheme rose to 85. ...
Manoj Mathew
https://www.khmertimeskh.com/501535764/24-more-sihanoukville-projects-get-special-incentives/
Chinese investors lead with nearly $400 million in July investment
The Chinese topped Cambodia’s list of leading financiers in July, taking part in 44 new and expansion investment projects, with many in the garment sector. ...
Niem Chheng
https://www.phnompenhpost.com/business/chinese-investors-lead-with-nearly-400-million-in-july-investment
44 projects worth $396 million given green light
The Council for the Development of Cambodia approved 44 projects in July that have the potential to generate 25,000 jobs, with China standing as the leading investor. ...
Meas Molika
https://kiripost.com/stories/44-projects-worth-396-million-given-green-light
CDC approves investments worth $396M in July
The Council for Development of Cambodia (CDC) has greenlighted 44 new investment projects worth $396 million in July 2024. ...
Chea Vanyuth
https://www.khmertimeskh.com/501537398/cdc-approves-investments-worth-396m-in-july/
Cambodia, Hong Kong agree to foster mutual economic growth
The Council for the Development of Cambodia (CDC), the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China and the Hong Kong Trade Development Council (HKTDC) Wednesday signed two memoranda of understanding (MoUs) to diversify the economy, develop private sector and foster ...
Nhean Chamrong
https://www.khmertimeskh.com/501533198/cambodia-hong-kong-agree-to-foster-mutual-economic-growth/
CCC plans to establish EU liaisons
In a move to bolster foreign investment, the Cambodian Chamber of Commerce (CCC) has announced plans to establish additional liaisons abroad, with a particular focus on the European Union. ...
Chea Vanyuth
https://www.khmertimeskh.com/501529677/ccc-plans-to-establish-eu-liaisons/
CDC, Chinese embassy agree to beef up infra investment
The Council for the Development of Cambodia (CDC) and the Embassy of the People’s Republic of China in Cambodia (ECC) Wednesday discussed ways to take the existing diplomatic ties between the two countries to the next level by promoting investment activities and supporting the development ...
Nhean Chamrong
https://www.khmertimeskh.com/501529679/cdc-chinese-embassy-agree-to-beef-up-infra-investment/
Cambodia, Thailand strengthen bilateral ties in key sectors
In a significant step towards enhancing bilateral relations, Cambodia and Thailand have committed to deepening their cooperation across various fields, emphasising practical results and a strategic partnership that prioritises the interests of their people. ...
Hang Punreay
https://www.khmertimeskh.com/501522645/cambodia-thailand-strengthen-bilateral-ties-in-key-sectors/
Vietnamese President to make second overseas trip to Cambodia
The Vietnamese President will make an official visit to Cambodia this week – his second overseas trip since being elected in June – with analysts predicting cyber crimes, the Funan Techo Canal and the border will be on the table. ...
Mao Sreypich
https://kiripost.com/stories/vietnamese-president-to-make-second-overseas-trip-to-cambodia
MEF bullish on medium-term growth amid diversification
The Cambodian economy is demonstrating signs of a recovery in terms of gross domestic product (GDP) growth in 2024 and the following periods, according to new statistics released by the Ministry of Economy and Finance’s (MEF) General Department of Policy which have predicted the country’s ...
James Whitehead
https://www.khmertimeskh.com/501520198/mef-bullish-on-medium-term-growth-amid-diversification/
Kingdom sees surge in investment in first half 2024
The Council for the Development of Cambodia (CDC) approved $3.2 billion in fixed-asset investment for 190 projects during the first six months of 2024, nearly double (up 194 percent) the investment from the $1.1 billion recorded for the same period last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501518989/kingdom-sees-surge-in-investment-in-first-half-2024/
Japanese foreign minister's visit aims to boost bilateral Ties
Japan’s Minister of Foreign Affairs is gearing up for an official visit to Cambodia from July 5 to 6 to strengthen economic and sociopolitical cooperation between the two nations, with analysts predicting closed door discussions will take place on human rights and democracy. ...
Mao Sreypich
https://kiripost.com/stories/japanese-foreign-ministers-visit-aims-to-boost-bilateral-ties
190 projects totalling $3.2 billion approved in six months
Cambodia has approved 190 investment projects totalling more than $3.2 billion and providing more than 68,500 jobs, with the bulk of foreign investment coming from China. ...
Mao Sreypich
https://kiripost.com/stories/190-projects-totalling-32-billion-approved-in-six-months
CDC approves 190 new projects worth $3.2 billion investment in H1
From January to June 2024, the Council for the Development of Cambodia (CDC) approved 190 new projects, production expansion projects, and special economic zone investment projects with a total investment of $3.2 billion and can create 168,572 jobs. ...
Khmer Times Staff
https://www.khmertimeskh.com/501518342/cdc-approves-190-new-projects-worth-3-2-billion-investment-in-h1/
Support sought to increase investments from Malaysia
Khuon Sudary, President of the National Assembly on Monday requested the Malaysian ambassador to Cambodia to help boost bilateral cooperation between the two parliaments and boost investment, trade and human resource training. ...
Mom Kunthear
https://www.khmertimeskh.com/501516302/support-sought-to-increase-investments-from-malaysia/
Cambodia, Japan committed to enhance investment cooperation
The Ministry of Foreign Affairs and International Cooperation (MFAIC) and the Ministry of Foreign Affairs of Japan (MOFA) Friday agreed to reinforce the Comprehensive Strategic Partnership (CSP) to enhance cooperation and attract more Japanese businessmen to invest in Cambodia. ...
Nhean Chamrong
https://www.khmertimeskh.com/501515570/cambodia-japan-committed-to-enhance-investment-cooperation/
South Korean pharma eyes medical device venture in Cambodia
Representatives from Poonglim Pharmatech Inc., headquartered in the Republic of Korea’s Jeonbuk-do province, are exploring investment opportunities in medical device manufacturing in Cambodia, following a meeting with Suon Sophal, Deputy Secretary General of the Cambodian Investment Board (CIB), at Council for the Development of Cambodia ...
James Whitehead
https://www.khmertimeskh.com/501515044/south-korean-pharma-eyes-medical-device-venture-in-cambodia/
Workers of Vietnamese-owned Hoang Anh Gia Lai still suffer years after plantation closes
For nearly three years, about 300 local workers, 50% of them women, worked in a Vietnamese banana plantation belonging to Hoang Anh Gia Lai Joint Stock Co (HAGL), covering 245 hectares in Talao commune, Andong Meas district in Ratanakiri province. ...
Him Khortieth
https://cambojanews.com/workers-of-vietnamese-owned-hoang-anh-gia-lai-still-suffer-years-after-plantation-closes/
Qingdao-based tyre manufacturer announces Kingdom investment plans
Chinese publicly-listed manufacturer, Mesnac Co., Ltd, announced plans this month to invest in a new manufacturing facility in Cambodia focussed on the production of tyre mould products. ...
James Whitehead
https://www.khmertimeskh.com/501512148/qingdao-based-tyre-manufacturer-announces-kingdom-investment-plans/
Techo international airport’s phase 1 on final leg of construction
The new Phnom Penh airport, Techo International Airport’s (TIA) $1.5 billion phase one is 78 percent complete as of June 24, with $1.13 billion used so far, according to joint venture firm Cambodia Airport Investment Co Ltd (CAIC) on Monday. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/techo-international-airports-phase-1-on-final-leg-of-construction
Hun Manet leads Cambodian delegation to woo Singaporean investors
Prime Minister Hun Manet led a delegation of prominent people from Cambodia’s business community to the Cambodia-Singapore Business Forum, with the aim of attracting more Singaporean investment to the Kingdom. ...
Marissa Carruthers
https://kiripost.com/stories/hun-manet-leads-cambodian-delegation-to-woo-singaporean-investors
CSX’s daily trading volume sees significant rise
Daily trading volumes on the Cambodia Securities Exchange (CSX) has gone up after months of decline in 2023. ...
Chea Vanyuth
https://www.khmertimeskh.com/501510867/csxs-daily-trading-volume-sees-significant-rise/
Cambodia-Korea Special Economic Zone on cards
Top Royal Government of Cambodia (RGC) officials and a delegation of the Embassy of the Republic of Korea in Cambodia Thursday held talks on the possibility of setting up the Cambodia-Korea Special Economic Zone (Cam-Kor SEZ). ...
Nhean Chamrong
https://www.khmertimeskh.com/501511538/cambodia-korea-special-economic-zone-on-cards/