Economy and commerce
Investment
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
Cambodia, UNDP jointly launch SDG Investor Map to accelerate sustainable development
The Cambodian government and the United Nations Development Program (UNDP) on Wednesday jointly launched the Cambodia SDG Investor Map, a market intelligence tool that identifies viable investment opportunity areas aligned with the Cambodia Sustainable Development Goals (SDGs). ...
Khmer Times Staff
https://www.khmertimeskh.com/501142950/cambodia-undp-jointly-launch-sdg-investor-map-to-accelerate-sustainable-development/
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/
MoU signed to strengthen Cambodia’s SME sector
The European Chamber of Commerce and Cambodia Women Entrepreneurs Association (CWEA) have united to promote a sustainable ecosystem for entrepreneurs and SMEs while also boosting Cambodia’s exposure as a foreign investment destination. ...
Mao Sreypich
https://kiripost.com/stories/mou-signed-to-strengthen-cambodias-sme-sector
$17M investment projects in Kandal, P Sihanouk provinces
Aiding the job prospects and investment potential in two provinces in the country, the Council for the Development of Cambodia (CDC) gave approval for four new investment projects worth $17 million. ...
Adur Pradeep
https://www.khmertimeskh.com/501135969/17m-investment-projects-in-kandal-p-sihanouk-provinces/
Cambodia-China trade volume surges 15.6% to $6.97 billion
The trade volume between Cambodia and China surged 15.6 percent year-on-year to $6.97 billion in the first seven months of this year, a General Department of Customs and Excise report said. ...
Adur Pradeep
https://www.khmertimeskh.com/501130690/cambodia-china-trade-volume-surges-15-6-to-6-97-billion/
112 new factories open in Cambodia in first 7 months of 2022
Some 112 new factories, with a total investment of $1.19 billion, had opened in Cambodia during the first seven months of 2022, an industry ministry spokesperson said here on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501130941/112-new-factories-open-in-cambodia-in-first-7-months-of-2022/
Cambodia’s manufacturing output hits $7.57 billion
Cambodia’s manufacturing output hit $7.57 billion U.S. dollars in the first half of 2022, a remarkable increase of 75 percent year on year, an industry ministry spokesperson said here on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501130948/cambodias-manufacturing-output-hits-7-57-billion/
Almost 2,000 factories registered in Cambodia in first seven months
The number of factories, ranging from producing clothes to electronic devices reached 1,947 as of July this year, employing more than 1 million people, of them some 76 percent are women. ...
Khmer Times Staff
https://www.khmertimeskh.com/501130962/almost-2000-factories-registered-in-cambodia-in-first-seven-months/
Construction sector totaled $5.3b in 2021
Construction investment in Cambodia totaled $5.3 billion in 2021, mainly from China, South Korea, and Japan, according to the Ministry of Land Management, Urban Planning and Construction. The ministry also revealed a total of 4,303 construction projects were approved by the government in 2021. ...
Seng Mengheng
https://kiripost.com/stories/construction-sector-totaled-53b-in-2021
Royal Group SEZ increases exports by $492.7m
Despite the pandemic, Royal Group Phnom Penh SEZ Plc. has reported an increase in exports of $492.7 million for the first seven months of the year, marking 26 percent year-on-year (YOY) growth. ...
Mao Sreypich
https://kiripost.com/stories/royal-group-sez-increases-exports-by-4927m
600 hectares of sea privatized for Kampot port project
Landfilling is underway off the shore of Kampot as the government has transferred 600 hectares to a private company to develop a $1.7-billion port. ...
Mech Dara
https://vodenglish.news/600-hectares-of-sea-privatized-for-kampot-port-project/
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
Over $300 million worth tyre plant planned in Sihanoukville SEZ
A Chinese firm plans to invest over US$300 million to construct a largest tyre plant at Sihanoukville Special Economic Zone (SSEZ) in Preah Sihanouk province in 2023 ...
Khmer Times Staff
https://www.khmertimeskh.com/501123315/over-300-million-worth-tyre-plant-planned-in-sihanoukville-sez/
Cambodia attracts $3 billion investment in first half
Cambodia attracted a fixed-asset investment of almost $3 billion in the first half of this year, reflecting the firm confidence of investors in the Kingdom’s growth prospects. ...
Chea Vanyuth
https://www.khmertimeskh.com/501118473/cambodia-attracts-3-billion-investment-in-first-half/
Cambodia gets $1.29 billion China investment in H1
The Cambodia-China Free Trade Agreement (CCFTA) and the Regional Comprehensive Economic Partnership (RCEP) helped attract more investment from China to Cambodia in the first half of this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501118633/cambodia-gets-1-29-billion-china-investment-in-h1/
$1.5b real estate project launches in Phnom Penh
Hong Kong-based Sunwah Group has launched a $1.5 billion real estate project in Phnom Penh, saying it will represent a new symbol of Cambodia’s high-quality life. ...
Penh Chamroeun
https://kiripost.com/stories/15b-real-estate-project-launches-in-phnom-penh
$84.5 million investment project approved to produce solar panels
The Council for the Development of Cambodia (CDC) has approved an investment project worth $84.5 million that will need about 1,000 workers to manufacture solar panels in an industrial zone in Kratie province, according to a release by the CDC. ...
Kang Sothear
https://www.khmertimeskh.com/501115792/84-5-million-investment-project-approved-to-produce-solar-panels/
CDC approves four new projects worth more than $100 million
Cambodia continues to attract large investments, with the latest being four CDC-approved investments worth more than $100 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/501116207/cdc-approves-four-new-projects-worth-more-than-100-million/
Hun Sen proposes investments in rice sector to Bangladesh's foreign minister
Prime Minister Hun Sen urged Bangladeshi investors to invest in the rice sector in Cambodia by building rice mills and buying rice from Cambodian farmers to export to Bangladesh. ...
CDC approves new garment factory project in Kampong Speu
A $3.5 million garment factory will be built in Bosstaney Village, Kaheng Commune, Samrong Thong District, Kampong Speu, creating some 700 jobs for local people. ...
Khmer Times Staff
https://www.khmertimeskh.com/501104911/cdc-approves-new-garment-factory-project-in-kampong-speu/
Investments in Kingdom rise by 7 percent in Q1
In the first quarter of 2022, the number of projects approved by the Council for the Development of Cambodia reached 47, an increase of 6.8 percent and the total investment touched $2,520.6 million, an increase of 14.2 percent over the same period in 2021, according ...
Sok Sithika
https://www.khmertimeskh.com/501102954/investments-in-kingdom-rise-by-7-percent-in-q1/
$952 million construction projects approved in five months
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has approved 1,679 construction projects nationwide on 2.2 million square metres at about $952 million in the first five months of this year. ...
Kang Sothear
https://www.khmertimeskh.com/501099984/952-million-construction-projects-approved-in-five-months/