Economy and commerce
Investment
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/
India and Cambodia keen to boost trade & investment; seek early collaboration on UPI
India and Cambodia are focusing on enhancing trade, investment, and collaborative efforts in various sectors. ...
Indianewsnetwork
https://www.khmertimeskh.com/501510354/india-and-cambodia-keen-to-boost-trade-seek-early-collaboration-on-upi/
Koh Kong Zhejiang SEZ aims to attract 100 additional companies by year-end
Koh Kong Zhejiang Special Economic Zone (SEZ), located in Koh Kong province’s Sre Ambel district, currently hosts 28 companies and has pledged to attract 100 more by the end of 2024, according to a June 21 press release from the Council for the Development of ...
CCC asks Singaporean investors to invest in Cambodia
President of Cambodia Chamber of Commerce, Kith Meng, called on Singaporean investors to invest in some other untapped potential areas to further build a strong economic tie between the two ASEAN nations. ...
Mom Kunthea
https://www.khmertimeskh.com/501509735/ccc-asks-singaporean-investors-to-invest-in-cambodia/
FDI inflows hit $48.4 billion in Cambodia in six years
Foreign direct investment (FDI) in Cambodia reached 197.8 trillion riels, ($48.4 billion) between 2018-2023, said the National Bank of Cambodia (NBC) on Tuesday. ...
Rachel David
https://www.khmertimeskh.com/501509131/fdi-inflows-hit-48-4-billion-in-cambodia-in-six-years/
Cambodia clocks April revenue of $508 million
In April, the Royal Government of Cambodia collected 2,090 billion riels ($508 million) in revenue, which is equivalent to 7.15 percent of the 2024 annual budget expectation, as per data published by the Ministry of Economy and Finance. ...
Rachel David
https://www.khmertimeskh.com/501507050/cambodia-clocks-april-revenue-of-508-million/
Electricity outages a hurdle for businesses in Cambodia
Cambodian businesses face more basic infrastructure problems like electricity outages than their ASEAN peers, according to a recent World Bank report. ...
Rachel David
https://www.khmertimeskh.com/501508284/electricity-outages-a-hurdle-for-businesses-in-cambodia/
Cambodia, Singapore agree to promote stronger and more prosperous cooperation
The Prime Ministers of Cambodia and Singapore agreed to promote stronger and more prosperous cooperation. The agreement was reached during a bilateral meeting between Cambodian Prime Minister Hun Manet and Singaporean Prime Minister Lawrence Wong on June 18, 2024. ...
Khmer Times Staff
https://www.khmertimeskh.com/501508575/cambodia-singapore-agree-to-promote-stronger-and-more-prosperous-cooperation/
Vietnam, Cambodia promote trade, investment activities
The Investment and Trade Promotion Center of Ho Chi Minh City hosted a seminar on investment promotion between Vietnam and Cambodia in 2024 on June 7. ...
Saigon News
https://www.khmertimeskh.com/501502736/vietnam-cambodia-promote-trade-investment-activities/
25 investment projects worth over $246 million approved by CDC in May
In May 2024, the Council for the Development of Cambodia (CDC) approved 24 new projects and one production expansion project with a total investment of more than $246 million, creating about 15,000 jobs. ...
Khmer Times Staff
https://www.khmertimeskh.com/501503519/25-investment-projects-worth-over-246-million-approved-by-cdc-in-may/
Chinese financing nears 50% of total investment in May, US lags at less than 1%
In May, Chinese investment in Cambodia accounted for almost 50% of total financing, with domestic investment accounting for over 30%, while the US lagged behind at less than one per cent, according to the Council for the Development of Cambodia (CDC). ...
Govt denounces illegal property developments, warns investors
Several residential housing projects in Phnom Penh and Siem Reap have been under fire from government authorities recently, with actions taken against illegitimate developments and local buyers warned to conduct due diligence before committing to property purchase agreements. ...
James Whitehead
https://www.khmertimeskh.com/501501018/govt-denounces-illegal-property-developments-warns-investors/
41 Sihanoukville projects get special investment incentives
In all, 41 projects have so far qualified for incentives under the ‘Special Investment Promotion Programme for Sihanoukville,’ initiated by Prime Minister Hun Manet in January this year, mainly to solve the issue of unfinished and abandoned constructions in the coastal city since 2019. ...
Manoj Mathew
https://www.khmertimeskh.com/501499477/41-sihanoukville-projects-get-special-investment-incentives/
Commerce chamber suggest Hungary open commercial office
The Cambodia Chamber of Commerce (CCC) has requested that the Hungarian government examine the possibility of establishing a commercial office in the Kingdom to expand Cambodia-Hungary trade and investment cooperation. ...
Ry Sochan
https://www.phnompenhpost.com/business/commerce-chamber-suggest-hungary-open-commercial-office