News
Kingdom sees surge in investment in first half 2024
The Council for the Development of Cambodia (CDC) approved $3.2 billion in fixed-asset investment for 190 projects during the first six months of 2024, nearly double (up 194 percent) the investment from the $1.1 billion recorded for the same period last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501518989/kingdom-sees-surge-in-investment-in-first-half-2024/
190 projects totalling $3.2 billion approved in six months
Cambodia has approved 190 investment projects totalling more than $3.2 billion and providing more than 68,500 jobs, with the bulk of foreign investment coming from China. ...
Mao Sreypich
https://kiripost.com/stories/190-projects-totalling-32-billion-approved-in-six-months
CDC approves 190 new projects worth $3.2 billion investment in H1
From January to June 2024, the Council for the Development of Cambodia (CDC) approved 190 new projects, production expansion projects, and special economic zone investment projects with a total investment of $3.2 billion and can create 168,572 jobs. ...
Khmer Times Staff
https://www.khmertimeskh.com/501518342/cdc-approves-190-new-projects-worth-3-2-billion-investment-in-h1/
Koh Kong Zhejiang SEZ aims to attract 100 additional companies by year-end
Koh Kong Zhejiang Special Economic Zone (SEZ), located in Koh Kong province’s Sre Ambel district, currently hosts 28 companies and has pledged to attract 100 more by the end of 2024, according to a June 21 press release from the Council for the Development of ...
China promises to expand investments in Kingdom
China is ready to encourage more companies to expand investment in the Kingdom, boosting the economic corridors, accelerating the industrialisation process and strengthening cooperation in railways, roads, energy and agriculture. ...
Nhean Chamrong
https://www.khmertimeskh.com/501495145/china-promises-to-expand-investments-in-kingdom/
Cambodia, US to strengthen trade, investment cooperation
Cambodia and the United States have reaffirmed their commitment to bolster cooperation in trade and investment. ...
Chea Vanyuth
https://www.khmertimeskh.com/501495143/cambodia-us-to-strengthen-trade-investment-cooperation/
Cambodia proposes exclusive Special Economic Zone for Korean Firms to boost investment
Cambodian Prime Minister Hun Manet raised two initiatives to promote trade and investment of Korean investors in Cambodia. The premier spoke at the opening ceremony of the Cambodia-Republic of Korea Business Forum on 16 May 2024 in Seoul, South Korea. ...
Khmer Times Staff
https://www.khmertimeskh.com/501490362/cambodia-proposes-exclusive-special-economic-zone-for-korean-firms-to-boost-investment/
Korea FDI in Kingdom reaches $5 billion, says Prime Minister
Prime Minister Hun Manet yesterday said that the bilateral trade volume between the Republic of Korea and Cambodia reached approximately $751 million while Korea’s foreign direct investment (FDI) in the Kingdom recorded $30 million last year, taking the total FDI from the country to $5 ...
Nhean Chamrong
https://www.khmertimeskh.com/501489820/korea-fdi-in-kingdom-reaches-5-billion-says-prime-minister/
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
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