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In a strategic move to bolster economic relationships, the Royal Government of Cambodia (RGC) is actively enhancing cooperation with both the European Union (EU) and the member states of the Association of Southeast Asian Nations (ASEAN). This initiative aims at fostering shared prosperity, strengthening economic resilience, and deepening investment connections across these regions. Deputy Prime…
The coastal city of Sihanoukville is on the cusp of a transformative era, heralded by Prime Minister Hun Manet’s recent unveiling of the “Special Investment Promotion Program in Sihanoukville 2024.” This groundbreaking initiative signifies a pivotal moment in Cambodia’s economic evolution, with Sihanoukville set to become a focal point of national and international investment. At…
In a significant move to advance the tech education landscape in Cambodia, the Overseas Cambodian Investment Corporation (OCIC) and consultancy firm Platform Impact have inked a Memorandum of Understanding (MoU) to establish a pioneering programming school on Koh Pich, Phnom Penh. This agreement, signed during Prime Minister Hun Manet’s visit to France, draws inspiration from…
The coastal province of Preah Sihanouk is on the brink of a significant transformation as its development plan to become a multi-purpose Special Economic Zone (SEZ) is nearing completion, according to Deputy Governor Long Dimanche. This strategic plan is anticipated to be presented to the Cambodian government for approval and implementation by the second quarter…
Far East Trade Service Inc Phnom Penh (FETPP), a subsidiary of the Taiwan External Trade Development Council (TAITRA), is poised to broaden its investment horizons in Cambodia, particularly in the agri-food and automotive sectors. This initiative is in collaboration with the Council for the Development of Cambodia (CDC), aiming to foster economic synergy between the…
On the 22nd of January, 2024, the Ministry of Economy and Finance played host to the 6th Inter-ministerial Technical Working Group (TWG) meeting, a significant step in coordinating the development and implementation of the Master Plan for Preah Sihanouk Province’s transformation into a Model Multi-purpose Special Economic Zone (SEZ). Chaired by His Excellency Dr. Phan…
Deputy Prime Minister (DPM) Sun Chanthol, also the First Vice-Chairman of the Council for the Development of Cambodia (CDC), recently spearheaded a high-profile delegation to Malaysia with the primary objective of delving into promising investment opportunities. This diplomatic mission, spanning three fruitful days from January 21 to January 23, marked a significant step in fostering…
Cambodia, a country nestled in the heart of Southeast Asia, is on a remarkable development journey that beckons investors worldwide. With a solid growth foundation, a range of existing advantages, and a steadfast aspiration for the future, Cambodia offers a golden gateway for investments. In this article, we explore the key factors that make Cambodia…
In a report titled ‘Cambodia’s Attractiveness for EU Foreign Direct Investments (FDI),’ jointly produced by the European Union (EU) and the German Federal Ministry for Economic Cooperation and Development (BMZ), it is emphasized that Cambodia’s progress in adopting renewable energy could significantly enhance its appeal to EU-based companies seeking investment opportunities. The report derives insights…
In a remarkable display of growth and cultural integration, Cambodia’s Toys & Hobby market is making significant strides in 2024. With an expected revenue generation of US$348 million, this sector is not just thriving; it’s a testament to the country’s evolving consumer landscape and cultural richness. This insightful data, as reported by STATISTA, a leading…
The Vietnamese business community is gearing up to establish the Vietnamese Business Club in Cambodia (VBCC), a move set to foster and expedite trade and investment between these two ASEAN neighbors. Vietnamese Ambassador to Cambodia, Nguyen Huy Tang, convened a meeting on January 16 with 50 Vietnamese business owners and representatives to discuss the challenges…
Cambodia and India are poised to establish a Joint Business Council (JBC) under the leadership of Cambodia’s Commerce Minister, Cham Nimul, in an endeavor to foster trade and investment collaboration between the two nations. Devyani Khobragade, the Ambassador of India to Cambodia, made this significant announcement recently, underscoring the commitment of both countries to deepen…
CMA CGM GROUP, the world’s largest shipping and logistics company, has unveiled plans to significantly expand its investment in Cambodia, signaling a promising collaboration between the global giant and the Southeast Asian nation. Rodolphe SAADE, the Chairman and CEO of CMA CGM Group, made this announcement during his meeting with Cambodian Deputy Prime Minister Sun…
