Walmart looks to expand Cambodian business

Walmart, the world’s largest retailer intends to learn more about Cambodia’s trade and investment potential, potentially expanding its business in a future collaboration with the Ministry of Commerce. ...

Van Socheata
https://www.phnompenhpost.com/business/walmart-looks-expand-cambodian-business

FDI inflow to Cambodia increases by 7.7 percent in 2022 despite global uncertainty

Cambodia attracted fixed-asset investment of $4.68 billion in 2022, up 7.5 percent from $4.35 billion in a year earlier, a Council for the Development of Cambodia’s report showed on Friday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501215425/fdi-inflow-to-cambodia-increases-by-7-7-percent-in-2022-despite-global-uncertainty/

Big $0.3B tyre plant finished ‘by May’

Construction work on a massive tyre factory in Sihanoukville Special Economic Zone (SSEZ) is expected to be completed by May, according to Preah Sihanouk Provincial Administration spokesman Kheang Phearom on January 3. ...

May Kunmakara
https://www.phnompenhpost.com/business/big-03b-tyre-plant-finished-may

International brand plans local jewellery factory

A “well-known” but unnamed international brand has chosen Cambodia as the location to set up a new export-oriented jewellery factory, revealing plans to start investment operations in early 2024, the Council for the Development of Cambodia (CDC) reported. ...

Hin Pisei
https://www.phnompenhpost.com/business/international-brand-plans-local-jewellery-factory

Condo oversupply persists amid low FDI and foreign buyers

Total foreign direct investment (FDI) to the real estate sector peaked at $3.6 billion in the years preceding Covid-19, where half of the approved investments was backed by Chinese investors. In 2019 alone, FDI financing in the property and real estate development in Cambodia stood around ...

Sangeetha Amarthalingam
https://kiripost.com/stories/condo-oversupply-persists-amid-low-fdi-and-foreign-buyers

$164M five-star hotel greenlit for Sihanoukville

The government has approved Maritime City Co Ltd’s proposal to build and operate a $164.4 million development in Preah Sihanouk province comprising a 582-room five-star hotel, a commercial centre and entertainment facilities. ...

May Kunmakara
https://www.phnompenhpost.com/business/164m-five-star-hotel-greenlit-sihanoukville

Singapore replaces China as Cambodia’s top FDI source

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. ...

Manoj Mathew
https://www.khmertimeskh.com/501178069/singapore-replaces-china-as-cambodias-top-fdi-source/

1st Chinese-invested expressway in Cambodia sparks tourist influx to coastal province: PM

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. ...

Xinhua
https://global.chinadaily.com.cn/a/202210/17/WS634cfca3a310fd2b29e7cf2f.html

150 projects worth $3.45B approved in nine months

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. ...

Chea Vanyuth
https://www.khmertimeskh.com/501164016/150-projects-worth-3-45b-approved-in-nine-months/

Hun Manet: Kingdom attracts new investors

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 ...

May Kunmakara
https://www.phnompenhpost.com/business/hun-manet-kingdom-attracts-new-investors

South Korean investor body explores local opportunities

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 ...

Hin Pisei
https://www.phnompenhpost.com/business/south-korean-investor-body-explores-local-opportunities

Sihanoukville property owners in limbo as unfinished high-rises litter the city

In 2018, Kheav Sothanny leased his 600 square meters of land in central Sihanoukville to a Chinese investor to build a 14-storey condo. The contract offered him a rental fee of $20,000 a month. ...

Sorn Sarath
https://cambojanews.com/sihanoukville-property-owners-in-limbo-as-unfinished-high-rises-litter-the-city/

JETRO visit raises Japanese investment hopes

The Council for the Development of Cambodia (CDC) says it has greenlit a total of 148 Japanese investment project proposals planned outside of the Kingdom’s special economic zones (SEZ) as of July 31 worth about $2.85 billion since its establishment on August 5, 1994. ...

Hom Phanet
https://www.phnompenhpost.com/business/jetro-visit-raises-japanese-investment-hopes

Association disputes ‘crime haven’ tag as trafficking reports mount

The Federation of Khmer Chinese in Cambodia on Wednesday disputed international media characterizations of the country as a haven for criminal syndicates as attention grows on human trafficking at scam compounds. ...

VOD Staff
https://vodenglish.news/association-disputes-crime-haven-tag-as-trafficking-reports-mount/

Singapore investors to help reboot Cambodia’s economy

Cambodia holds huge potential for Singaporean investors, who can play a role in helping the nation’s economy return to pre-pandemic levels by ploughing funds into infrastructure and other dominant sectors. ...

Bun Tharum
https://kiripost.com/stories/singapore-investors-to-help-reboot-cambodias-economy

China remains top in Kingdom’s FDI last year

China’s foreign direct investment was on the rise in Cambodia last year despite Covid-19, showing positive confidence of investors in Cambodia as the country fully resumed its socio-economic activities, particularly the bilateral trade pact. ...

Chea Vanyuth
https://www.khmertimeskh.com/501068035/china-remains-top-in-kingdoms-fdi-last-year/

Firm wraps up study of waterborne logistic hub in capital

The China Road and Bridge Corporation (CRBC) has finished a feasibility study for the construction of a waterway and logistic facility along the Bassac River in Phnom Penh. ...

Rann Reuy
https://www.phnompenhpost.com/business/firm-wraps-study-waterborne-logistic-hub-capital

Foreign companies reminded to register for VAT before April 1

The General Department of Taxation (GDT) has issued a reminder for foreign companies supplying digital goods, services or any e-commerce activity in Cambodia to fulfil the obligation for Simplified VAT Registration before the April 1 deadline or stand to face fines.​​ ...

Hom Phanet
https://www.phnompenhpost.com/business/foreign-companies-reminded-register-vat-april-1

Cambodia FDI inflows zoom 22 percent at $4.35 billion in 2021

The fourth quarter in 2020 saw the start of a sharpest global FDI uptrend since the 2008 recession, which resulted in a global FDI flow of $1.65 trillion in 2021, up 77 percent from $929 billion in 2020. South East Asia netted $184 billion, surpassing ...

Josh Downs
https://www.khmertimeskh.com/501037592/cambodia-fdi-inflows-zoom-22-percent-at-4-35-billion-in-2021/

Kingdom-Malaysia trade tops $500M

Cambodia-Malaysia trade volume surpassed $500 million in 2021, rising by 13.14 per cent over a year earlier, according to the Ministry of Commerce. ...

Hom Phanet
https://www.phnompenhpost.com/business/kingdom-malaysia-trade-tops-500m

Kingdom, South Korea plan for post-FTA era

South Korea has pledged to expand economic and trade cooperation with Cambodia after a free trade agreement (FTA) signed by the two countries last year enters effect in the near future, Prime Minister Hun Sen affirmed in a statement at the weekend. ...

Hom Phanet
https://www.phnompenhpost.com/business/kingdom-south-korea-plan-post-fta-era

Commerce chief asks Canada to mull Cambodia trade deal

Minister of Commerce Pan Sorasak has asked Canada to explore the possibility of establishing a bilateral free trade agreement (FTA) with the Kingdom as soon as practicable to improve trade flows between the two countries. ...

Hin Pisei
https://www.phnompenhpost.com/business/commerce-chief-asks-canada-mull-cambodia-trade-deal

Japanese company eyes a slice of silk pie

A Japanese company plans to invest in silk production, breeding silk worms in Battambang province to process into consumer products and exports, to boost economic growth and create more local jobs. ...

Nov Sivutha
https://www.phnompenhpost.com/business/japanese-company-eyes-slice-silk-pie

Phnom Penh Governor appeals for more Japanese investments in Cambodia

Phnom Penh Governor Khuong Sreng requested Japanese investors, through the Japan-Cambodia Association (JCA), to consider investing in the agriculture sector and other sectors. ...

Khmer Times Staff
https://www.khmertimeskh.com/501019076/phnom-penh-governor-appeals-for-more-japanese-investments-in-cambodia/

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