Investment

The 2022 ASEAN summit took place at the Cambodian capital Phnom Penh, this past weekend, with China as an official guest. At the event, Chinese Premier Li Keqiang announced Beijing’s approval of Chinese investment in significant infrastructure projects in the ASEAN region. ...

Ten member states of Southeast Asian Nations (ASEAN), Japan, China, and Korea have boosted cooperation in trade and investment by taking advantage of the existing free trade agreements. ...

Singapore has replaced China as the leading investing country in Cambodia in 2021, accounting for six projects, or 40 percent of Cambodia’s inward FDI, revealed the Investment Monitor’s ‘2022 Inward FDI Performance Index’, released recently. ...

Khuong Sreng, Governor of Phnom Penh, called on investors to invest more in Phnom Penh, especially in the food sector, to boost the country’s economy. ...

The Cambodian government on Friday approved the next three-year public investment program (2023-2025), which would require a total capital of $9.22 billion to implement 663 projects, government spokesperson Phay Siphan said. ...

The two-way trade between Cambodia and the United Arab Emirates (UAE) reached almost $280 million in the first eight months of this year, up over 40 percent compared to same period in 2021. ...

Cambodia continued to receive substantial Foreign Direct Investment in the construction sector in 2021, despite the economic slowdown in the wake of Covid-19, showed the Asean Investment Report 2022. ...

China Matrix Technology Group-Horche Intelligent Automobile plans to set up a unit to assemble electric vehicles in Koh Kong province, as per a virtual meeting on October 22. ...

In continuance with the policy to strengthen the Covid pandemic-scarred economy and push for growth, the Council for the Development of Cambodia (CDC) has recently approved projects worth $25.4 million. They are expected to generate around 6,500 job opportunities. ...

At yesterday’s luncheon discussing Cambodia’s startup and SME ecosystem, Vongsey Vissoth, permanent secretary of state of Ministry of Economy and Finance (MEF), said Khmer Enterprise (KE) will increase its investment portion from $5 million to $10 million as part of the nation’s Covid-19 recovery plans ...

The finance minister has asked South Korea’s Booyoung Group to invest more in the Cambodian financial-technology (fintech) market, which has seen remarkable growth during Covid-19, as the company’s chairman revealed preliminary plans for a university in the Kingdom focused on fintech and taxation. ...

Siem Reap-Angkor International Airport is still on track to open in October 2023, with work on Phase I reaching 44 per cent as of end-September, according to a senior civil aviation official. ...

Cambodian Prime Minister Samdech Techo Hun Sen said on Monday that some 200,000 vehicles had traveled on the kingdom’s first-ever expressway since it was open to the public for trial use for free on Oct 1. ...

Cambodia has approved 150 fixed-asset investment projects worth about $3.45 billion in the January-September period of 2022, according to the Council for the Development of Cambodia (CDC)’s report yesterday. ...

Cambodian investors accounted for more than half of the nearly $3.5-billion value of the projects approved by the Council for the Development of Cambodia (CDC) in the first nine months of this year. ...

The government has given the nod to EnerCam Resources Co Ltd, a subsidiary of Toronto-listed Angkor Resources Corp, for oil and gas exploration, development and production on southwestern Cambodia’s roughly 7,300sq km onshore Block VIII in the Kampong-Som Basin, the parent company reported on October ...

The Entrepreneurship Development Fund (EDF) held a workshop last Thursday to discuss “preliminary findings and to gather input on challenges and policy for startups and SMEs investment aspects” in Cambodia. ...

The Council for the Development of Cambodia has approved a $17-million tourism development project in Kep province. ...

Cambodia is emerging as one of the region’s most attractive countries for new business expansion and investments, driven by political stability and high economic growth over the past two decades, according to Royal Cambodian Armed Forces (RCAF) deputy commander and Royal Cambodian Army (RCA) commander ...

The Council for the Development of Cambodia (CDC) on September 30 announced that it had agreed to issue a final registration certificate to Try Pheap Koh Tunsay Resorts Co Ltd for a new island development project – this time on the 14ha Koh Tbal Island ...

A group of Chinese experts from the Angkor International Airport Investment (AIAI) Company are in Cambodia to complete the construction and discuss the transfer plan, as the project is scheduled to be completed in March 2023. ...

Cambodia and the UK have pledged to further boost trade cooperation after January-August bilateral trade soared more than two-fifths compared to the same period last year. ...

The nearly 160 per cent surge in investment capital behind a slew of new large-scale investment projects outside of Cambodia’s special economic zones (SEZ) reported for the first half of 2022 has fanned optimism for a boom in production and exports – underpinned by favourable ...

Cambodia is looking to drum up interest among Korean investors in the production of goods in the Kingdom for export to their home market, and push bilateral trade beyond current levels – $549.930 million in the first eight months of 2022, up by 6.42 over ...