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In a recent announcement, Cambodian Prime Minister Hun Manet highlighted significant economic growth and a substantial increase in foreign direct investment (FDI) during the first half of 2024. According to the Council for the Development of Cambodia (CDC), the country approved 190 investment projects totaling USD 3.2 billion, reflecting a threefold increase from the previous…
The recent UK-Cambodia Trade and Investment Conference, along with subsequent bilateral meetings, took place on the 28th of June 2024 at the KPMG London Headquarters, marking a pivotal moment in the relationship between the United Kingdom and Cambodia. Sok Siphana, acting as the Senior Minister in charge of Special Missions, Chairman of the Trade Policy…
In recent discussions, Cambodian Senate President Samdech Techo Hun Sen and the French Ambassador to Cambodia, Jacques Pellet, highlighted the flourishing trade and investment relations between Cambodia and France, indicating a vibrant future for bilateral cooperation. The discussion took place during a courtesy call by Ambassador Jacques Pellet on 4 July 2024, where various facets…
On July 2, 2024, Lee Q. Shim, President of Lee Li Holdings, paid a courtesy call on Cambodian Prime Minister Samdech Thipadei Hun Manet at the Peace Palace. During the meeting, Mr. Shim expressed his intention to invest in Cambodia across various sectors, including oil and gas, healthcare, the Export Accreditation Centre, food processing, logistics,…
The collaboration between The Better Cambodia (TBC https://thebettercambodia.com ) and the International Federation of Business and Industry Chambers (IFBIC https://ifbic.com ) marks a significant milestone in fostering bilateral trade and economic development. This partnership opens doors for Indian and other companies to expand their markets in Cambodia, paving the way for increased investment and mutual…
In the first five months of 2024, Cambodia showcased remarkable economic resilience and growth, achieving exports worth over USD 10 billion. This impressive figure represents a 10.88% increase compared to the same period in 2023, signaling robust performance across various sectors. Concurrently, imports exceeded USD 11 billion, reflecting a 13.6% increase from the previous year,…
In a recent commitment to strengthen economic ties between the United States and Cambodia, US Secretary of Defense Lloyd Austin announced his intention to promote Cambodia as a viable destination for American investors. This declaration came during a courtesy visit to the Cambodian Senate President, Samdech Techo Hun Sen, on a Tuesday morning. Samdech Techo…
In a significant international engagement, Cambodian Foreign Minister Sok Chenda Sophea attended the Fourth Meeting of Francophone Entrepreneurs, held on May 30-31, 2024. The event, which brought together business leaders, investors, and policymakers from the French-speaking world, was a fertile ground for discussions aimed at fostering entrepreneurial growth and cooperation. Fresh News provided an overview…
During his official trip to the Republic of Türkiye on May 27, 2024, the Cambodian Deputy Prime Minister, His Excellency SOK Chenda Sophea, who is also the Minister of Foreign Affairs and International Cooperation, alongside His Excellency Mustafa TUZCU, the Deputy Minister of Trade of Türkiye, participated in the Cambodia-Türkiye Business Luncheon. The event saw…
On the 27th of May 2024, an important diplomatic mission unfolded as His Excellency Deputy Prime Minister SOK Chenda Sophea, also serving as the Minister of Foreign Affairs and International Cooperation, visited Turkey. The visit marked a significant step towards fostering bilateral relations and exploring new avenues for economic cooperation between Cambodia and Turkey. During…
During a strategic visit to the Republic of Korea from May 15 to 18, 2024, Cambodian Prime Minister Hun Manet made significant diplomatic strides, emphasizing the robust investment potential of Cambodia within the ASEAN region. This visit has effectively marked Cambodia as a prime destination for South Korean investors, looking to capitalize on Cambodia’s burgeoning…
On a recent Friday, Hem Vanndy, Minister of Industry, Science, Technology & Innovation (MISTI), held discussions with representatives from Hainan Litree Purifying Technology Co., Ltd. The meeting highlighted Litree’s intention to scale up its investments in Cambodia’s sector dedicated to clean water. Cai Yunlong, the CEO of Hainan Litree Purifying Technology, detailed the company’s extensive…
Cambodia’s economic landscape is demonstrating notable resilience and growth, as recent data reveals a significant increase in exports in the early months of this year. From January to April, the Kingdom exported goods valued at approximately $8 billion, marking a 15.2 percent rise from the $7.60 billion recorded during the same period last year, according…
