Foreign investors

Chinese Prime Minister Li Keqiang has agreed to a request from Cambodia to provide financial support for the development of Preah Sihanouk province. The request was made on Sunday by Prime Minister Hun Sen on the sidelines of the 35th Asean Summit and Related Summits ...

The latest release of the World Bank’s ease of doing business index puts Cambodia in the 144th spot out of 190 countries, a drop of six places from a year ago. The 2019 ease of doing business index ranked the Kingdom 138th out of 190 ...

Preah Sihanouk province plans to attract a new type of Chinese investor which could restore the image of Sihanoukville as a tourist city and shift investment away from casinos. In a meeting with Chinese embassy officials in August, provincial governor Kuoch Chamroeun said the current ...

The General Department of Taxation (GDT) said Chinese investment is contributing greatly to the Kingdom’s tax revenue and called on Chinese companies to properly fulfil their tax obligations. Speaking at a forum on Mechanism of Cambodia-China Fiscal Cooperation on Friday, GDT director-general Kong Vibol said: ...

While Cambodia welcomes an ongoing influx of Chinese tourists, investment and development, the world at large increasingly suspects that China is launching a military build-up in the country for stronger Chinese influence in Southeast Asia. Dara Sakor, a new China-backed coastal resort in Koh Kong ...

The official website of the Cambodian Embassy in Japan reported that Cambodian Ambassador Ung Rachana hosted the opening ceremony for the Japan-Cambodia Culture and Business Council (JCBC) on Tuesday. ...

Cambodia’s economy has seen an influx of business investors from China, which has driven demand for housing and hospitality services in the Southeast Asian nation. Two million Chinese visited the country last year, an increase of around 67 per cent from 2017. They represented the ...

A group of South Korean delegates on Monday announced that it was seeking to invest in six priority areas in the Kingdom, a move aimed at boosting trade between the two countries. The plans were discussed during a meeting between the Council of Development of Cambodia ...

The Council for the Development of Cambodia (CDC) last week approved 11 projects worth nearly $600 million. According to a post on CDC’s Facebook page yesterday, 11 projects were greenlighted on June 5-7, amounting to a total investment of $597 million. CDC estimates the projects will generate ...

Prime Minister Hun Sen and his South Korean counterpart, President Moon Jae-in, on Friday agreed to work together to boost trade and investment between the two nations.​ On Saturday, Mr Moon left Cambodia after a three-day state visit during which he also led a delegation ...

Shenzhou International Group Holdings, a leading Chinese clothing manufacturer, on Wednesday broke ground for the construction of a new 150-million-U.S.-dollar garment factory here after operating in the country for 14 years. Lt. Gen. Hun Manet, deputy commander-in-chief of the Royal Cambodian Armed Forces, and Chinese ...

China’s Henan Yuguang International Economic and Technical Cooperation Co Ltd (HYIETC) has expressed interest in investing in the Kingdom’s rice facilities – a move welcomed by the government and the rice industry.​ ...

Prime Minister Hun Sen on Friday lauded the Chinese developer behind Koh Kong province’s $3.8 billion tourism project, despite it causing a decade-long dispute with the villagers there. “The Union Development Group [UDG] transformed the quiet area in Koh Kong province into an attractive tourist ...

Chinese foreign direct investment (FDI) in Cambodia is expected to diversify into finance and banking in the near term, offering microlending services to small and medium sized enterprises (SMEs), said Peter Wong, Southeast Asia and South Asia regional director at the Hong Kong Trade Development ...

Cambodian land rights activists have accused Chinese investors of fueling land disputes through unscrupulous land acquisition and development. The advocates made the comments during a two-day meeting in Phnom Penh earlier this month. ...

Prime Minister Hun Sen on Wednesday slammed critics over claims that China is “invading” Cambodia, calling the argument “crazy”. Speaking to members of Cambodian diaspora in Geneva, Switzerland, Hun Sen said some people were concerned about the influx of Chinese nationals who live and work ...

Some 80 businessmen from Cambodia and Indonesia gathered at a trade fair in Phnom Penh on Wednesday to forge partnerships and explore ways to boost bilateral trade. ...

The Boao Forum for Asia-Phnom Penh Conference brought together this week Chinese and Cambodian leading business ​people and politicians to discuss economic ties between the countries and promote inter-regional economic cooperation. ...

On July 29, the Cambodian People’s Party (CPP) declared victory in the country’s general election. With the elections out of the way, Phnom Penh, once known as the “Pearl of Asia”, can again be viewed as a hub of opportunity, especially given Cambodia’s robust average ...

The Kingdom is becoming more attractive than ever for fashion companies that are looking to diversify their supply chains in response to the escalating trade war between the US and China, industry experts say. ...

Prime Minister Hun Sen on Tuesday told Chinese companies investing in Cambodia not to worry about contract cancellation in the Kingdom. Speaking at a roundtable meeting with business executives in China as co-chair of the China-Asean Expo, the prime minister told six Chinese conglomerates with ...

Union Development Group (UDG), the Chinese developer behind Koh Kong province’s $3.8 billion tourism project called Dara Sakor, has unveiled plans for yet another project called “Tourism Vacation Town”. The announcement comes despite the company releasing little information about its previously touted venture. ...

The Minister of Commerce Pan Sorasak urged a Hunan-based company to take advantage of the vast, untapped potential in the agricultural sector and to invest in an export processing plant in Battambang. ...

The Kingdom ranked second in the first half of the year for overseas Vietnamese investments, receiving about $32 million of the total $263 million outflow from the eastern neighbour. The Vietnamese General Statistics Office (GSO) said from January to June this year, that country’s businesses ...