Economy and commerce
Investment
Cambodia attracts $1.1 bln fixed-asset investment in H1 of 2023
Cambodia attracted 113 fixed-asset investment projects worth $1.1 billion in the first half of 2023, creating some 122,000 new jobs, said a Council for the Development of Cambodia’s report on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501322866/cambodia-attracts-1-1-bln-fixed-asset-investment-in-h1-of-2023/
Cambodia approves 5 new factories worth over $50mn
Five companies have been granted investment plan registration certificates by the Cambodian Investment Board (CIB), part of the Council for the Development of Cambodia (CDC). These firms, are mainly involved in textiles and garments and plan to set up factories across the country, investing around ...
Khmer Times Staff
https://www.khmertimeskh.com/501323430/cambodia-approves-5-new-factories-worth-over-50mn/
Investment handbook published
The“Handbook on Investing in Cambodia” was formally launched on July 10 to arm local and international players with critical knowledge before committing money and resources into domestic projects as well as to make more informed financial decisions here. ...
May Kunmakara
https://www.phnompenhpost.com/business/investment-handbook-published
Cambodia turns challenges into opportunities for Australian investors
Huge investment potential in Cambodian sectors such as automotive, agriculture development, tourism, technology and innovation, education, logistics and supply chains, and mining have been identified in the latest investment handbook. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-turns-challenges-into-opportunities-for-australian-investors
Handbook on investing in Cambodia launched
FacebookTwitterEmailShare“Handbook on Investing in Cambodia” has been launched as a practical guide for foreign investors looking for opportunities in the Cambodian market, with a particular focus on the 2021 Law on Investment. ...
Khmer Times Staff
https://www.khmertimeskh.com/501322858/handbook-on-investing-in-cambodia-launched/
Cambodia, US vow to expand cooperation to boost trade and investment
Cambodia and the United States are committed to further strengthening and expanding cooperation to increase trade and investment. ...
Khmer Times Staff
https://www.khmertimeskh.com/501320028/cambodia-us-vow-to-expand-cooperation-to-boost-trade-and-investment/
RCEP, FTAs to attract more investments to Cambodia
The Regional Comprehensive Economic Partnership (RCEP) free trade pact and the bilateral free trade agreements (FTAs) will play a crucial role in attracting more foreign direct investments to Cambodia, Cambodia’s central bank said in a report released on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501320535/rcep-ftas-to-attract-more-investments-to-cambodia/
PM says huge investment potential for southwest region
Prime Minister Hun Sen said that the southwest parts of Cambodia are a hub with huge potential for investment due to their well-connected infrastructure, easy transport to deep seaports, and sufficient electricity supplies. ...
Chea Vannak and Chea Vanyuth
https://www.khmertimeskh.com/501315350/pm-says-huge-investment-potential-for-southwest-region/
Nine investment projects to generate 14,000 jobs approved
The Council for the Development of Cambodia (CDC) has announced the approval of nine new investment projects creating a total of 13,849 job opportunities for the locals. ...
Khmer Times Staff
https://www.khmertimeskh.com/501315617/nine-investment-projects-to-generate-14000-jobs-approved/
PM issues sub-decree on Law on Investment
Prime Minister Hun Sen on Monday issued a sub-decree for the complete implementation of Cambodia’s new Law on Investment – which has been in force since October 15, 2021 – to attract and boost both local and foreign direct investment in the country, said a ...
Kang Sothear
https://www.khmertimeskh.com/501315916/pm-issues-sub-decree-on-law-on-investment/
CDC green lights 15 projects worth nearly $220 million
The Cambodian Special Economic Zone Board (CSEZB) and Cambodian Investment Board (CIB) of the Council for the Development of Cambodia (CDC) have approved 15 investment projects worth $218.3 million with plans to recruit more than 17,000 employees to produce various products at different places, according ...
Kang Sothear
https://www.khmertimeskh.com/501314497/cdc-green-lights-15-projects-worth-nearly-220-million/
Chinese-owned Kratie tyre plant gets CDC’s nod
Newbustar (Cambodia) Tire Co Ltd, a member of the Chinese state-owned Doublestar Group, is investing some $138 million in a tyre factory in Kratie province’s southeast to tap into the domestic market. ...
May Kunmakara
https://www.phnompenhpost.com/business/chinese-owned-kratie-tyre-plant-gets-cdcs-nod
GDCE: Tax revenue reduction offset by investment
Cambodia is a signatory to 10 free trade agreements (FTA) which cost the Kingdom over $400 million in lost tax revenue each year. This is nonetheless recovered by the growth of investment and export markets, said the General Department of Customs and Excise of Cambodia ...
Van Socheata
https://www.phnompenhpost.com/business/gdce-tax-revenue-reduction-offset-investment
$6.4m footwear factory inaugurated in Kampong Speu
The Minister of Labor and Vocational Training has officially inaugurated a shoe factory in Samrong Tong District, Kampong Speu Province with an investment of about $ 6.4 million. ...
Mon Sokeo
https://kiripost.com/stories/cambodia-64m-footwear-factory-inaugurated-in-kampong-speu
Australian agribusiness explores potential in Cambodia
A major Australian agribusiness has visited Cambodia to explore agriculture investment and trade potential in produce, including mango, rambutan, longan and dragon fruit. ...
Marissa Carruthers
https://kiripost.com/stories/australian-agribusiness-explores-potential-in-cambodia
$95 million cement plant to appear in Battambang province
A new cement plant with a total investment capital of $95 million will be built in Pcheav village, Treng commune, Rattanak Mondul district, Battambang province, according to a press release of the Council for the Development of Cambodia (CDC) made public Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501311142/95-million-cement-plant-to-appear-in-battambang-province/
Chinese-invested banana farm expanding plantation to meet high market demand
Chinese-invested banana farm in Stung Trang district of Kampong Cham province plans to expand its plantation to meet rising overseas market demand. ...
Khmer Times Staff
https://www.khmertimeskh.com/501309289/chinese-invested-banana-farm-expanding-plantation-to-meet-high-market-demand/
Cashew nut industry seeks $300 million working capital
The cashew nut sector in Cambodia needs at least $300 million per year in working capital, according to a senior official from the industry. ...
Adur Pradeep
https://www.khmertimeskh.com/501307561/cashew-nut-industry-seeks-300-million-working-capital/
Int’l footwear sales pick up pace in May: GDCE figures
The Kingdom exported “footwear, gaiters and the like; parts of such articles” to the tune of $558.542 million in the first five months of 2023, down 20.44 per cent year-on-year from $702.060 million and down 23.11 per cent half-on-half (compared to July-November 2022) from $726.4 ...
Hin Pisei
https://www.phnompenhpost.com/business/intl-footwear-sales-pick-pace-may-gdce-figures
Trade pressures on Cambodia
Cambodia’s economic policies are relatively liberal for the region, and its investment and trade regimes remain attractive. However, being a small and open economy, Cambodia is susceptible to external changes and shocks. Global trade growth slowed in the second half of 2022 and further deceleration ...
Khmer Times Staff
https://www.khmertimeskh.com/501307802/trade-pressures-on-cambodia/
PM predicts 5.6% economic growth
While meeting with nearly 20,000 garment workers from 12 factories in Tram Kak district, Takeo province on June 11, Hun Sen said that Cambodia’s economy grew exponentially in the two decades that preceded the Covid-19 pandemic. ...
Van Socheata
https://www.phnompenhpost.com/national/pm-predicts-56-economic-growth
Sihanoukville Autonomous Port CEO vows port will become regional hub
Lou Kim Chhun, government delegate in charge as chairman and CEO of Sihanoukville Autonomous Port, said he was determined to push the development of a new container terminal and deep-water port in Sihanoukville. ...
Van Socheata
https://www.phnompenhpost.com/business/sihanoukville-autonomous-port-ceo-vows-port-will-become-regional-hub
Cambodia seeks partners for planned Mondulkiri airport
Cambodia is looking for partners for the development of a planned airport in Mondulkiri province south of Sen Monorom town after PowerChina International Group Ltd (PIG) withdrew during the Covid-19 crisis and subsequent negotiations with other foreign companies fell through, according to a senior civil ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-seeks-partners-planned-mondulkiri-airport
Work begins on $1.3 billion 2nd expressway in Cambodia
Cambodia on Wednesday broke ground on the second Chinese-invested expressway connecting the capital Phnom Penh with Bavet City of Svay Rieng province on the border with Vietnam. ...
Khmer Times Staff
https://www.khmertimeskh.com/501304626/work-begins-on-1-3-billion-2nd-expressway-in-cambodia/