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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…
The Council for the Development of Cambodia (CDC) has recently granted licenses to ten investment projects with a combined capital exceeding $60 million, marking a significant milestone in the country’s economic growth. These investments, approved as of January 15th, promise to foster development across various sectors and create approximately 12,700 employment opportunities for local residents.…
Promoting Trade, Investment, and Collaboration for a Prosperous Future On January 17, 2024, a momentous occasion took place in Cambodia as the Indian Business Chamber in Cambodia (IBCC) was inaugurated. The launch event was graced by the esteemed presence of H.E. Dr. Devyani Khobragade, Ambassador of India to Cambodia, and H.E. Pich Rithi, Secretary of…
During a significant meeting held on the sidelines of the World Economic Forum in Davos, Switzerland, Prime Minister Hun Manet warmly welcomed Swiss company Bühler Group’s keen interest in introducing cutting-edge technology to enhance Cambodia’s agriculture sector. This sector has been designated as a key priority by Prime Minister Hun Manet’s seventh-term government. The meeting,…
In a testament to their strong economic ties, Cambodia and France achieved a bilateral trade volume of $515.21 million in the past year, contributing significantly to Europe’s total trade volume of $4.6 billion in 2023. Prime Minister Hun Manet emphasized the pivotal role of France as a development partner that has made substantial contributions to…
The Lippo Group, a prominent Indonesian conglomerate, is actively seeking investment opportunities in Cambodia’s healthcare and real estate sectors, signaling a potential partnership that could bring significant benefits to both nations. In a meeting held during the World Economic Forum in Davos, Switzerland, Cambodian Prime Minister Dr. Hun Manet graciously received a courtesy call from…
In a significant diplomatic encounter, Cambodian Prime Minister Hun Manet engaged in a cordial discussion with Japanese Minister for Digital Transformation Kono Taro during a courtesy call on Wednesday, January 17, held in the picturesque setting of Davos, Switzerland. The meeting, which brought together two leaders representing their respective nations, marked an important milestone in…
On January 16, representatives from approximately 50 Vietnamese enterprises and Khmer businesses with Vietnamese origins gathered in Phnom Penh to exchange their experiences in operating and investing in Cambodia while nurturing their connections. Addressing the event, Vietnamese Ambassador to Cambodia, Nguyễn Huy Tăng, expressed the embassy’s keen interest in understanding the challenges faced by businesses…
Cambodia and Hungary have taken significant strides toward enhancing their economic cooperation as they conclude a successful second round of discussions aimed at boosting bilateral trade and investment between the two nations. The second meeting of the Cambodia-Hungary Joint Committee on Economic Cooperation took place on January 9 in Budapest, Hungary, led by Cambodian Secretary…
Singapore-based multinational hospitality giant, Banyan Tree Holdings Limited, commonly known as the Banyan Group, has recently unveiled its plans to launch a luxurious hotel and resort project in Cambodia during the year 2024, alongside a string of other international property investments. This new venture, titled ‘Angsana Siem Reap’ and operating under the renowned ‘Angsana’ brand,…
In a significant announcement, Cambodia is gearing up to host the 2024 Ottawa Convention, welcoming delegates from 164 countries and international organizations in November at Siem Reap province. Ly Thuch, the First Vice-President of the Cambodian Mine Action and Victim Assistance Authority (CMAA), shared these plans during a meeting with Juan Carlos Ruan, Director of…
In a remarkable testament to Cambodia’s journey into the digital age, the country’s eBook market is experiencing unprecedented growth in 2024, poised to achieve a projected revenue of US$3.11 million. This dynamic sector is set to witness continuous expansion, with an anticipated annual growth rate of 1.58% from 2024 to 2027, ultimately aiming for a…
A French investment firm has shown keen interest in spearheading new railway projects that could potentially link Cambodia’s capital, Phnom Penh, with the airport and other strategic areas. Mr. Philippe Delleur, the Senior Vice President of Alstom, a prominent player in rail transportation, high-speed train manufacturing, metro, monorail, and tram systems, expressed the company’s commitment…
