News

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/

CDC approves projects worth $2.2 billion in first quarter

The Council for the Development of Cambodia (CDC) approved 106 fixed assets investment and expansion projects worth $2.2 billion in the first three months of this year, a jump of 649 percent over the same period last year. ... ...

Chea Vanyuth
https://www.khmertimeskh.com/501469196/cdc-approves-projects-worth-2-2-billion-in-first-quarter/

PM reaffirms Cambodia’s ambitious reforms to boost investment attractiveness

Prime Minister Hun Manet underlined the Royal Government’s ambition and comprehensive reforms to streamline processes and increase overall investor attractiveness. ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501466559/pm-reaffirms-cambodias-ambitious-reforms-to-boost-investment-attractiveness/

Cambodia seeks more investment from Europe

Even though Cambodia has attracted more European investors, the number of their investment projects in the country is still small, said Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia. ... ...

Chea Vanyuth
https://www.khmertimeskh.com/501455006/cambodia-seeks-more-investment-from-europe/

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

Foreigners can lease land for 50 years, says PM

During the government and private sector forum ceremony, Prime Minister Hun Manet underlined that the government has streamlined another mechanism of long-term leasehold rights in addition to the old mechanisms regarding foreigners leasing land. ... ...

Chhorn Raksmey
https://kiripost.com/stories/foreigners-can-lease-land-for-50-years-says-pm

RCEP to attract more investments to Cambodia in coming years

The Regional Comprehensive Economic Partnership (RCEP) will play a crucial role in attracting more foreign direct investments to Cambodia and contributes to a sustainable economic growth. ... ...

Khmer Times Staff
https://www.khmertimeskh.com/501360007/rcep-to-attract-more-investments-to-cambodia-in-coming-years/

Chinese investors eye range of opportunities across Kampong Speu

Kampong Speu provincial governor Vei Samnang has returned from his fact-finding trip in China as part of his plans to attract foreign investment.​ While in Henan, China’s third-most populous province, Samnang took to social media to announce that the Henan Federation of Overseas Chinese Entrepreneurs – ...

Van Socheata
https://phnompenhpost.com/national/chinese-investors-eye-range-opportunities-across-kampong-speu

BRI brings a profound impact on Cambodia

The Belt and Road Initiative, the most ambitious and expansive infrastructure connectivity and development project ever conceived, was proposed a decade ago. The initiative connects about 150 countries in Asia, Europe, Africa and Latin America through a network of infrastructure investments, trade agreements and cultural ...

Khmer Times Staff
https://www.khmertimeskh.com/501339410/bri-brings-a-profound-impact-on-cambodia/

Kingdom 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/kingdom-seeks-partners-planned-mondulkiri-airport

Kampong Speu governor courts investors in Hong Kong

Kampong Speu provincial governor Vei Samnang has pledged to attract more investment to his province. Samnang announced that he would lead a provincial delegation to Hong Kong later this month to discuss business opportunities in the Kampong Speu. ... ...

Van Socheata
https://www.phnompenhpost.com/business/kampong-speu-governor-courts-investors-hong-kong

$230M hydropower dam to start construction in Pursat province

The construction of $230 million Stung Pursat hydropower I dam with a capacity of 80 megawatt is set to break ground soon, after the ground preparation at the construction site has been made since last year. ... ...

Chea Vanyuth
https://www.khmertimeskh.com/501251643/230m-hydropower-dam-to-start-construction-in-pursat-province/

CDC pitches ‘Plus One’ to Japan investors

A senior investment official has reiterated a request for Japanese investors to ramp up their commitments to the Cambodian market, recommending a Thailand or Vietnam “Plus One” business approach, amid a government-spearheaded push towards deeper integration into regional and global supply chains. ... ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-pitches-plus-one-japan-investors

Minister of interior urges continued crackdown on crime in Sihanoukville

The Minister of Interior said the government has plowed billions of dollars into transforming Sihanoukville into an attractive tourism destination while attracting foreign investment as authorities continue to carry out raids for suspected kidnapping and trafficking. ... ...

Seng Mengheng
https://kiripost.com/stories/minister-of-interior-urges-continued-crackdown-on-crime-in-sihanoukville

CDC okays $2.38B of projects in Jan-Feb

The Council for the Development of Cambodia (CDC) has in the first two months of this year announced its approval of final registration certificates for 37 investment projects worth about $2.38 billion, an indication of significant progress in economic recovery as Covid-19 wanes. ...  ...

Hom Phanet
https://www.phnompenhpost.com/business/cdc-okays-238b-projects-jan-feb

Kingdom, Oman set to scale up trade, investment bonds

Cambodia and Oman have agreed to upgrade cooperation in trade and investment, identify priority areas, and explore the grounds to draw up agreements that resonate with both countries’ unique resources and abilities, according to the Ministry of Commerce. ... ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdom-oman-set-scale-trade-investment-bonds

Russians mull Preah Sihanouk projects

A prominent Russian lawmaker has expressed his commitment to lure more enterprises from his country to invest in and do business in Preah Sihanouk province, especially in fields such as technology and heavy industry, according to a senior provincial official. ...  ...

Nov Sivutha
https://www.phnompenhpost.com/business/russians-mull-preah-sihanouk-projects

$2.3B of projects greenlit in January

The Council for the Development of Cambodia (CDC) approved final registration certificates for 25 projects in the first month of 2022, with total registered capital of nearly $2.3 billion and expected to create 23,175 jobs. ...  ...

Hin Pisei
https://www.phnompenhpost.com/business/23b-projects-greenlit-january

Korea FTA planned to be signed in October

Minister of Commerce Pan Sorasak plans to lead a delegation to South Korea next month to sign the Cambodia-Korea Free Trade Agreement (CKFTA), if the Covid-19 situation permits, according to a senior official. ... ...

May Kunmakara
https://www.phnompenhpost.com/business/korea-fta-planned-be-signed-october

Cambodia new investments totaling $900 million spread over nine provinces

Cambodia registered 40 new investment projects worth more than US$900 million in the first three months of this year, according to the Council for the Development of Cambodia (CDC). ... ...

Khmer Times Staff
https://www.khmertimeskh.com/50706552/cambodia-new-investments-totaling-900-million-spread-over-nine-provinces/

Approved investment triples

In the first six months of 2013, the total amount of government-approved investment in Cambodia jumped more than 200 per cent year-on-year, according to the most recent statistics from the Ministry of Economy and Finance. Released on Friday, the numbers show that $2.3 billion was earmarked ...

May Kunmakara
http://www.phnompenhpost.com/business/approved-investment-triples

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