News

South Korean investors eye automotive expansion

South Korean investors have shown a strong interest in expanding their investment in the automotive sector, according to the Council for the Development of Cambodia (CDC). ...

Van Socheata
https://www.phnompenhpost.com/business/south-korean-investors-eye-automotive-expansion

Cart Tire revving up to raise capital investment to $700M

A Chinese car tyre manufacturer is planning to increase its investment in Cambodia by raising its capital to approximately $700 million, in a move aimed at enhancing production capacity and expanding exports to additional international markets. ...

Hin Pisei
https://www.phnompenhpost.com/business/cart-tire-revving-up-to-raise-capital-investment-to-700m

Footwear exports dip; sector shows signs of recovery

Cambodia netted over $1.2 billion from exporting footwear, gaiters and related articles in the first 11 months of 2023, marking a nearly 23% decrease year-on-year. However, the last few months of 2023 showed signs of gradual improvement, as reported by the General Department of Customs ...

Hin Pisei
https://www.phnompenhpost.com/business/footwear-exports-dip-sector-shows-signs-of-recovery

Cambodia, Japan discuss special economic zone establishment

Inter-ministries and a Japanese delegation have discussed a study project on the establishment of Cambodia-Japan Special Economic Zone, aimed to encourage more Japanese investors to invest in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501413751/cambodia-japan-discuss-special-economic-zone-establishment/

Expanding investment networks: Cambodia-UAE forum set for ‘24

The Council for the Development of Cambodia (CDC) and the Cambodia Chamber of Commerce (CCC) have scheduled a private sector forum between Cambodia and the United Arab Emirates for the first quarter of next year. ...

Van Socheata
https://www.phnompenhpost.com/national/expanding-investment-networks-cambodia-uae-forum-set-for-24

BRI projects not to lead Cambodia into debt trap

The Belt and Road Initiative (BRI) pioneered by China will not lead the country into a debt trap, Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, said, dismissing the narrative about the adverse effects the BRI ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501399348/bri-projects-not-to-lead-cambodia-into-debt-trap/

CDC approves two hydropower projects worth over $400 million

Two hydropower projects worth more than $400 million have been officially approved by the Council for the Development of Cambodia (CDC) for investment in Mondul Seima and Thmar Bang districts in Koh Kong province. ...

Khmer Times Staff
https://www.khmertimeskh.com/501395670/cdc-approves-two-hydropower-projects-worth-over-400-million/

Digital system boosts business registrations

Over 31,000 businesses, boasting a combined capital exceeding $8.9 billion, have successfully completed their registration through the Online Business Registration System (OBRS) via its IT Platform phase 1. ...

Hin Pisei
https://www.phnompenhpost.com/business/digital-system-boosts-business-registrations

Footwear export revenue sees decline

Cambodia’s export revenue from footwear and related products reached nearly $1 billion in the first nine months of 2023, marking a 25.1% decline from the $1.32 billion recorded during the same period last year. ...

Hin Pisei
https://www.phnompenhpost.com/business/footwear-export-revenue-sees-decline

Cambodia eyes more Japan investment

Cambodia has urged Japan to collaborate in initiatives aimed at enticing investors and broadly promoting Cambodia’s appealing investment environment and incentives to Japanese stakeholders. ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-eyes-more-japan-investment

Sun Chanthol asks Japan to promote positive investment in Cambodia

Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, requested that Japan positively disseminate Cambodia’s investment potential and other incentives to Japanese investors. ...

Khmer Times Staff
https://www.khmertimeskh.com/501382891/sun-chanthol-asks-japan-to-promote-positive-investment-in-cambodia/

Cambodia’s CDC unveils $50-bn logistics initiative

Cambodian deputy prime minister Sun Chanthol recently announced a comprehensive $50-billion master plan for the country’s transport and logistics sectors comprising 174 projects. ...

Khmer Times Staff
https://www.khmertimeskh.com/501383722/cambodias-cdc-unveils-50-bn-logistics-initiative/

Cambodia attracts record foreign investment growth

Despite global and regional economic downturns due to ongoing geopolitical conflict, Cambodia continues to be a beacon for investments. In the first nine months of 2023, the Kingdom drew in fixed-asset investments worth $3.76 billion, marking an 8.6 per cent rise from the $3.46 billion ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-attracts-record-foreign-investment-growth

About 60,000 Cambodians have gained employment in the first eight months of 2023

According to a recent report issued by the Cambodian Ministry of Labor and Vocational Training 1,188 new enterprises have begun their operation in Cambodia, employing nearly 60,000 people. ...

Khmer Times Staff
https://www.khmertimeskh.com/501373979/about-60000-cambodians-have-gained-employment-in-the-first-eight-months-of-2023/

Cambodia attracts $3.76 billion investment in Q3

Cambodia attracted a fixed-asset investment of almost $3.76 billion in the three-quarter period of this year, up 8.6 percent from $3.46 billion over the same period last year, according to the Council for the Development of Cambodia (CDC) report on Saturday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501373254/cambodia-attracts-3-76-billion-investment-in-q3/

CDC approves investment of $256.56 million, ‘27K new jobs’

The Council for the Development of Cambodia (CDC) approved 26 private ventures in September, totalling an investment of $256.65 million, projected to create 27,262 jobs. ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-investment-25656-million-27k-new-jobs

New investment law entices Hong Kong investors

Hong Kong investors are keen to explore investment opportunities in Cambodia and have pledged to introduce business potentials created by Cambodia’s new investment law and its sub-decrees to their colleagues back home. ...

Hin Pisei
https://www.phnompenhpost.com/business/new-investment-law-entices-hong-kong-investors

CDC encourages investment from Islam World members

Sun Chanthol, first vice-president of the Council of the Development of Cambodia (CDC), encouraged entrepreneur members of the Malay World Islam World (DMDI) to consider investing in the Kingdom, highlighting the many incentives in place to reward economic opportunities in the country. ...

Van Socheata
https://www.phnompenhpost.com/business/cdc-encourages-investment-islam-world-members

Nearly 30,000 firms with $8.6B capital register on OBRS

Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...

Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs

Nearly 30,000 firms with $8.6B capital register on OBRS

Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...

Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs

CDC approves $34.6 million worth of investment projects

Six new investment projects with a total capital of $34.6 million have been approved by the Council for the Development of Cambodia (CDC). ...

Khmer Times Staff
https://www.khmertimeskh.com/501361374/cdc-approves-34-6-million-worth-of-investment-projects/

CDC urges Xiamen investors to tap vast opportunities in Kingdom

The Council for the Development of Cambodia (CDC) has sought investments from potential investors from China’s Xiamen city of the Fujian province amid the Kingdom setting records in terms of Foreign Direct Investments (FDIs) during the current year. ...

Nheng Chamrong
https://www.khmertimeskh.com/501359497/cdc-urges-xiamen-investors-to-tap-vast-opportunities-in-kingdom/

Koh Kong plans new SEZs to ‘boost’ trade

A senior official from the Koh Kong Provincial Administration has revealed that the government has plans to establish two additional special economic zones (SEZs) in Botum Sakor district. ...

Van Socheata
https://www.phnompenhpost.com/national/koh-kong-plans-new-sezs-boost-trade

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