Cambodia is making remarkable progress toward becoming a leading example of sustainable urban development and economic prosperity in Southeast Asia. The newly unveiled master plans for Preah Sihanouk Province showcase this ambitious vision, focusing on creating a model green city, enhancing international trade and logistics, and positioning the province as a national development hub. These…
In a positive development for Cambodia-Australia relations, His Excellency PRAK Nguon Hong, Secretary of State of the Ministry of Foreign Affairs and International Cooperation, received a call from Her Excellency Caroline Linke, Assistant Secretary of the Department of Foreign Affairs and Trade of Australia, at the Ministry on May 24, 2024. The meeting highlighted the…
The World Bank’s Board of Executive Directors made a significant move on May 23, 2024, by approving a $40 million credit to fortify the job skills of around 33,000 Cambodians. This financial boost comes from the International Development Association (IDA) and is aimed at elevating both the quality and relevance of vocational skills within the…
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…
At the inauguration of the Cambodia Confederation of Investors Association (CCIA) at Diamond Island Convention and Exhibition Centre, Prime Minister Hun Manet articulated a resolute commitment to attracting new investors and establishing an effective private sector problem-solving working group. In his address, the Prime Minister underscored the importance of nurturing existing investors, thereby creating an…
During the recent inauguration of the Cambodia Confederation of Investors Association (CCIA) at Diamond Island Convention and Exhibition Centre, Cambodian Prime Minister Hun Manet highlighted the critical importance of maintaining compliance to foster a competitive and orderly business environment. The event, held on Thursday, May 9, served as a platform for discussing key factors that…
During a recent inauguration event of the Cambodia Confederation of Investors Association (CCIA), held at the Diamond Island Convention and Exhibition Centre, Cambodian Prime Minister Samdech Thipadei Hun Manet detailed his government’s commitment towards enhancing the competitive nature and overall success of investors within the nation. This announcement came on Thursday, May 9th, marking a…
In the first quarter of 2024, Cambodia has seen a significant boost in its investment portfolio, with the approval of 128 new and expansion projects, as announced by Prime Minister Hun Manet. These projects, summing up to an investment of over USD 2.5 billion, are set to generate employment opportunities for more than 130,000 individuals.…
The Cambodia Real Estate Awards 2024, held on the evening of May 8th at the Sofitel Phnom Penh Phokeethra, was an honor to the vibrant growth and outstanding innovation within the Cambodian real estate industry. Organized by Realestate.com.kh in partnership with key industry bodies including The Ministry of Land Management, Urban Planning and Construction, The…
Cambodia has officially become a participant in a global initiative aimed at preserving marine life by accepting the World Trade Organization (WTO)’s Agreement on Fisheries Subsidies. This move signifies the nation’s commitment to contributing towards the sustainability of the world’s fish stocks and the broader objective of marine conservation. The formal acceptance was conducted by…
The Cambodia Confederation of Investors Association (CCIA), a prominent alliance of significant business chambers and associations across Cambodia, is excited to announce the schedule for its first-ever gala dinner. Scheduled for May 9, 2024, at the illustrious Diamond Island in Phnom Penh, this event is set to mark a significant occasion with Samdech Thipadei Hun…