Economy and commerce
Investment
UAE to expand economic ties with Kingdom
Prime Minister Hun Manet recently urged investors from the United Arab Emirates (UAE) to invest in Cambodia’s priority sectors such as tourism, agriculture, technology and clean energy infrastructures that can generate jobs in the country. ...
Nhean Chamrong
https://www.khmertimeskh.com/501488405/uae-to-expand-economic-ties-with-kingdom/
Chinese firms plan to invest in Cambodia’s silk industry
A delegation from the International Silk Union (ISU) and the Cathaya Group, a Chinese company specialised in silk textiles and biotechnology, met with the Council for the Development of Cambodia (CDC) on Monday to discuss the possibility of expanding investment projects in the silk and ...
Nhean Chamrong
https://www.khmertimeskh.com/501488410/chinese-firms-plan-to-invest-in-cambodias-silk-industry/
Korean firm plans to invest in Kingdom’s clean energy sector
A delegation from Hyuckjin Energy Plant Engineering, a company that deals with environmentally specialized businesses with high-tech and ecotechnology is keen on converting Cambodia’s waste into clean energy, using about 100 tonnes of waste to create 25 megawatts of electricity per day. ...
Nhean Chamrong
https://www.khmertimeskh.com/501487848/korean-firm-plans-to-invest-in-kingdoms-clean-energy-sector/
2,500 Business Operators join Cambodia international trade fair 2024
“Cambodia International Trade Fair 2024” has gathered over 2,500 international business operators from 16 countries to explore investment opportunities in the Kingdom. ...
Khmer Times Staff
https://www.khmertimeskh.com/501486627/2500-business-operators-join-cambodia-international-trade-fair-2024/
Hainan Litree plans to invest up to $100 million in Cambodia’s Clean Water Sector
On May 10, Hem Vanndy, Minister of Industry, Science, Technology & Innovation (MISTI), received representatives from Hainan Litree Purifying Technology Co., Ltd. and discussed the company’s interest in expanding its investment in Cambodia’s clean water sector. ...
Khmer Times Staff
https://www.khmertimeskh.com/501486640/hainan-litree-plans-to-invest-up-to-100-million-in-cambodias-clean-water-sector/
Multimillion dollar investments approved in Sihanoukville
Two projects in Sihanoukville with an investment of nearly $600 million have received incentives from the Council for the Development of Cambodia and are estimated to have a positive impact on the economy of Sihanoukville. ...
Meas Molika
https://kiripost.com/stories/multimillion-dollar-investments-approved-in-sihanoukville
Cambodia, Japan to strengthen economic ties
Cambodia and Japan will strengthen economic ties in a bid to boost trade and investments. ...
Manoj Mathew
https://www.khmertimeskh.com/501485831/cambodia-japan-to-strengthen-economic-ties/
Cambodia to have five more vehicle assembly factories
According to the Ministry of Commerce, five automobile manufacturers are reportedly building production facilities in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501481029/cambodia-to-have-five-more-vehicle-assembly-factories/
Business forum to scale up Cambodia-Mexico trade, investment ties
Trade and investment cooperation between Cambodia and Mexico are expected to increase after a business forum which is planned to be organized in Phnom Penh soon. ...
Chea Vanyuth
https://www.khmertimeskh.com/501481587/business-forum-to-scale-up-cambodia-mexico-trade-investment-ties/
14 projects worth $213M approved in Sihanoukville
Another 14 projects worth $213 million received approval in Cambodia’s coastal city Sihanoukville recently which included 10 projects for reviving the construction of stalled buildings under the ‘Special Investment Promotion Program’ for the city, launched by Prime Minister Hun Manet earlier in January. ...
Manoj Mathew
https://www.khmertimeskh.com/501481583/14-projects-worth-213m-approved-in-sihanoukville/
Construction sees revival with $5 billion approved projects
Cambodia has seen more than $5 billion approved construction projects in 2023, as per data with CBRE Cambodia. This is a 79 percent increase compared to the previous year. ...
Rachel David
https://www.khmertimeskh.com/501480023/construction-sees-revival-with-5-billion-approved-projects/
China encouraged to invest more in Cambodia
Cambodia and China have agreed to enhance the China-Cambodia Free Trade Agreement’s implementation quality, with an expert suggesting the need to push harder for trade balance. ...
Mao Sreypich
https://kiripost.com/stories/china-encouraged-to-invest-more-in-cambodia
Cambodia’s investment policy preserves existing investments while fostering new ones; peace and stability are crucial, PM says
Prime Minister Hun Manet stated that the investment policy of the Royal Government of Cambodia is to preserve existing investments while also fostering new ones. ...
Khmer Times Staff
https://www.khmertimeskh.com/501479676/cambodias-investment-policy-preserves-existing-investments-while-fostering-new-ones-peace-and-stability-are-crucial-pm-says/
PM pledges to enhance investment climate
Prime Minister Hun Manet yesterday pledged to enhance the investment climate of Cambodia, in a bid to attract more investments to the country. ...
Chea Vanyuth
https://www.khmertimeskh.com/501479439/pm-pledges-to-enhance-investment-climate/
Cambodia mulls DTA talks with seven countries
Cambodia is mulling Double Taxation Avoidance (DTA) deals with seven countries, naming the Philippines, Laos, Myanmar, France, Japan, Morocco, and the United Arab Emirates, the General Department of Taxation (GDT) said in a press release last week. ...
Chea Vanyuth
https://www.khmertimeskh.com/501475836/cambodia-mulls-dta-talks-with-seven-countries/
Govt calls for investment in electric vehicles industry
Amid the rising trend of renewable energy demand and the use of electric vehicles (EVs) in the Kingdom, the Royal Government of Cambodia (RGC) asked businessmen to seize the opportunity by investing in the EV-related industry that comes with a range of benefits for both ...
Nhean Chamrong
https://www.khmertimeskh.com/501470294/govt-calls-for-investment-in-electric-vehicles-industry/
CHN Energy to explore renewable power potential in Kingdom
CHN Energy Investment Group Co. LTD, a state-owned mining and energy company in China, has proposed energy investment focusing on renewable power sources – solar PV and hydropower dams. ...
Chea Vanyuth
https://www.khmertimeskh.com/501470291/chn-energy-to-explore-renewable-power-potential-in-kingdom/
Battambang province industry showing strength in Q1
Cambodia’s northwestern province of Battambang, well known as one of the national agricultural hubs, has also developed a considerable industrial economy in recent periods, buoyed by increased private investment in production facilities and public infrastructure upgrades improving connectivity for the region. ...
James Whitehead
https://www.khmertimeskh.com/501470942/battambang-province-industry-showing-strength-in-q1/
CDC endorses 173 investment projects worth approximately $4 billion in six months
The Council for the Development of Cambodia (CDC) has approved 173 investment projects worth some $4 billion during the last six months, from September 2023 to February 2024. ...
Khmer Times Staff
https://www.khmertimeskh.com/501470535/cdc-endorses-173-investment-projects-worth-approximately-4-billion-in-six-months/
‘Govt wants Sihanoukville to be next Shenzhen’
The Royal Government of Cambodia (RGC) wants to transform Preah Sihanouk province into the next Shenzhen by reducing logistics costs, providing an investment incentive package and enhancing the development of human resources to attract investors, said Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of ...
Nhean Chamrong
https://www.khmertimeskh.com/501469715/govt-wants-sihanoukville-to-be-next-shenzhen/
Sunwah Group sees investment potential in Cambodia
Hong Kong-based Sunwah Group, along with a group of leading investors, have evinced interest to invest in a range of areas including financial technology to smart city development and property and energy to tourism in Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501469668/sunwah-group-sees-investment-potential-in-cambodia/
Construction investments rise to $5.4 billion
The construction sector achieved remarkable growth last year with constructed area and investment showing a positive growth. ...
Chea Vanyuth
https://www.khmertimeskh.com/501469670/construction-investments-rise-to-5-4-billion/
QIPs, SEZs get lion’s share of tax relief in Cambodia
When it came to relief for special taxes (excise), value-added taxes and customs duties on imports – QIPs and SEZs received a disproportionate amount of customs tax relief, said a recent World Bank report. In 2020, QIPs took around 51 percent of total tax exemption, ...
Rachel David
https://www.khmertimeskh.com/501469664/qips-sezs-get-lions-share-of-tax-relief-in-cambodia/
SCB EIC pegs 6 percent FDI growth for Cambodia
The latest SCB EIC report expects ASEAN CLMV nations, including Cambodia, to witness accelerated economic growth in 2024 due to increasing foreign direct investment compared to prior years. ...
James Whitehead
https://www.khmertimeskh.com/501469147/scb-eic-pegs-6-percent-fdi-growth-for-cambodia/