Economy and commerce
Investment
BRI-backed economic zone in Cambodia records 34.8 pct rise in trade volume in 2023
The value of imports and exports passing through the Sihanoukville Special Economy Zone (SSEZ) in Cambodia reached $3.36 billionin 2023, a year-on-year increase of 34.8 percent, the zone operator said in a recent statement. ...
Khmer Times Staff
https://www.khmertimeskh.com/501435120/bri-backed-economic-zone-in-cambodia-records-34-8-pct-rise-in-trade-volume-in-2023/
Cybersecurity law must be “business-friendly”
Cambodia must ensure that the draft cybersecurity law is kept “business-friendly” to prevent driving out international companies and discouraging new overseas investment in the nation, according to an expert. ...
Marissa Carruthers
https://kiripost.com/stories/cybersecurity-law-must-be-business-friendly
SSEZ boosts Kingdom’s growth
Transportation experts and economists are expressing optimism regarding the continued increase in the value of exports and imports within the Sihanoukville Special Economic Zone (SSEZ) for 2024. ...
Hin Pisei
https://www.phnompenhpost.com/post-in-depth/ssez-boosts-kingdom-s-growth
Cambodia actively seeking direct investment for SME sector growth
Cambodia is actively seeking more direct investment to enhance its small and medium-sized enterprise (SME) sector, a key driver of the nation’s economic growth, according to the Ministry of Industry, Science, Technology and Innovation. ...
Minister of Environment supports investors who wish to increase employment for local communities
Dr. Eang Sophalleth, Minister of the Environment, fully welcomed and supported investors who wish to increase employment for local communities and help keep Cambodia’s environment clean by investing in renewable energy. ...
Khmer Times Staff
https://www.khmertimeskh.com/501429737/minister-of-environment-supports-investors-who-wish-to-increase-employment-for-local-communities/
Cambodia’s green energy, a ticket to EU funds
When it comes to EU-based companies, many prioritise transitioning to renewable energy and if Cambodia can show progress in this space it would make the country more attractive, said a new report, titled, ‘Cambodia’s Attractiveness for EU Foreign Direct Investments (FDI)’. The report was produced ...
Rachel David
https://www.khmertimeskh.com/501427160/cambodias-green-energy-a-ticket-to-eu-funds/
Wanli Tire eyes major capacity expansion in Cambodia
Wanli Tire Co Ltd, a State-owned enterprise based in Guangzhou, capital of Guangdong province, has begun construction of a new-phase production base amid a recovery of the country’s tire industry last year. ...
China Daily
https://www.khmertimeskh.com/501426360/wanli-tire-eyes-major-capacity-expansion-in-cambodia/
10 investment projects worth $60m given green light
On Wednesday, the Council for the Development of Cambodia (CDC) announced the release of 10 investment projects worth $60 million in textile, garment, footwear, and manufacturing industries, creating 12,695 jobs. ...
Yatt Malai
https://kiripost.com/stories/10-investment-projects-worth-60m-given-green-light
Hun Manet eyes business opportunities in France during first official visit
Prime Minister Hun Manet met with President Emmanuel Macron Thursday at the Élysée Palace on the first day of his official visit to France, where he emphasized possibilities for economic collaboration between the two countries. ...
Seoung Nimol
https://cambojanews.com/hun-manet-eyes-business-opportunities-in-france-during-first-official-visit/
CDC approves projects worth $60M in initial 15 days of ‘24
The government approved 10 investment projects, totalling more than $60 million, in the first 15 days of 2024, primarily in the garment manufacturing industry. ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-projects-worth-60m-in-initial-15-days-of-24
Ten investment projects worth over $60 million registered at CDC
Council for the Development of Cambodia (CDC) has decided to issue licences to ten investment projects with a total investment capital of more than $60 million, as of Jan. 15. ...
Khmer Times Staff
https://www.khmertimeskh.com/501425808/ten-investment-projects-worth-over-60-million-registered-at-cdc/
A large French logistics company plans to expand investment in Cambodia
CMA CGM GROUP, a world’s largest shipping and logistics company, is intended to expand its investment in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501425801/a-large-french-logistics-company-plans-to-expand-investment-in-cambodia/
Cambodian PM receives CEOs of two companies in Davos
Dr. Hun Manet, Prime Minister of Kingdom of Cambodia, received separate courtesy calls from CEOs of two private companies in Davos, Switzerland on Jan. 16. ...
Khmer Times Staff
https://www.khmertimeskh.com/501424482/cambodian-pm-receives-ceos-of-two-companies-in-davos/
Bühler Group of the Swiss Confederation promises to bring Leading Modern Technology into Agricultural Development in Cambodia
Director of Quality Management and Grain Supply of Bühler Groupis interested in expanding the company’s investment by bringing modern technology to develop agriculture in Cambodia, from the process of cultivation and harvesting to processing for exporting abroad. ...
Khmer Times Staff
https://www.khmertimeskh.com/501425186/buhler-group-of-the-swiss-confederation-promises-to-bring-leading-modern-technology-into-agricultural-development-in-cambodia/
French investors keen to learn investment potential in Cambodia
A business forum is scheduled to be held this week in Paris, France, giving floor to businessmen and investors to understand potential investment opportunities in Cambodia, according to the Embassy of France in Phnom Penh. ...
Chea Vanyuth
https://www.khmertimeskh.com/501423451/french-investors-keen-to-learn-investment-potential-in-cambodia/
Cambodian Prime Minister Welcomes ACCOR Group’s Continued Investment
In a meeting with Dr. Hun Manet, Prime Minister of Cambodia, Monday, in France, Ms. Maud Bailly, Chief Executive Officer of Sofitel, MGallery& Emblems, representing ACCOR Group, expressed optimism about the growth and improvement of the tourism sector in Cambodia in 2024. ...
Khmer Times Staff
https://www.khmertimeskh.com/501423738/cambodian-prime-minister-welcomes-accor-groups-continued-investment/
Vietnamese firms in Cambodia foster connections and enhance trade
Representatives from about 50 Vietnamese enterprises and Khmer businesses of Vietnamese-origin gathered in Phnom Penh on January 16 to share their experience in operating and investing in Cambodia and foster their connections. ...
Khmer Times Staff
https://www.khmertimeskh.com/501425155/vietnamese-firms-in-cambodia-foster-connections-and-enhance-trade/
Indonesian’s Lippo Group Seeks Investment Opportunities in Health and Real Estate in Cambodia
Lippo Group, a major Indonesian corporation, is seeking investment opportunities in Cambodia’s health and real estate sectors. ...
Khmer Times Staff
https://www.khmertimeskh.com/501425157/indonesians-lippo-group-seeks-investment-opportunities-in-health-and-real-estate-in-cambodia/
Temasek Holdings Company in Singapore aims to expand its business in Cambodia
The chairman of Temasek Holdings Company, Lim, said to Cambodian Prime Minister Dr. Hun Manet that his company aims to expand its business further in the ASEAN region, of which Cambodia is also a priority. ...
Khmer Times Staff
https://www.khmertimeskh.com/501425185/temasek-holdings-company-in-singapore-aims-to-expand-its-business-in-cambodia/
Cambodian government praised by French company VINCI for creating ideal business conditions
In a meeting between the President of VINCI Airports, Nicolas Notebaert, and Prime Minister Dr. Hun Manet, VINCI expressed its gratitude for the Cambodian government’s efforts in maintaining peace, stability, and security. ...
Khmer Times Staff
https://www.khmertimeskh.com/501423737/cambodian-government-praised-by-french-company-vinci-for-creating-ideal-business-conditions/
China and Cambodia sign ‘$1billion rubber & tire projects’ agreement
Cambodian and Chinese officials have signed an MoU concerning plans to invest $1 billion (€910 million) in joint rubber & tire projects, Cambodia Development Council (CDC) has announced. ...
Khmer Times Staff
https://www.khmertimeskh.com/501423710/china-and-cambodia-sign-1billion-rubber-tire-projects-agreement/
South Korean investors eye automotive expansion
South Korean investors have shown a strong interest in expanding their investment in the automotive sector, according to the Council for the Development of Cambodia (CDC). ...
Van Socheata
https://www.phnompenhpost.com/business/south-korean-investors-eye-automotive-expansion
RCEP fuels regional growth amid economic recovery, challenges
Two years on, the world’s largest free trade pact in terms of population and trade volume, has unleashed tremendous benefits for regional integration in the Asia-Pacific region and powered up economic recovery. ...
Khmer Times Staff
https://www.khmertimeskh.com/501421396/rcep-fuels-regional-growth-amid-economic-recovery-challenges/
Cart Tire revving up to raise capital investment to $700M
A Chinese car tyre manufacturer is planning to increase its investment in Cambodia by raising its capital to approximately $700 million, in a move aimed at enhancing production capacity and expanding exports to additional international markets. ...
Hin Pisei
https://www.phnompenhpost.com/business/cart-tire-revving-up-to-raise-capital-investment-to-700m