Business News

CDC Approves another Coal-fired Power Plant Project in Preah Sihanouk Province

AKP Phnom Penh, March 27, 2021 -- The Council for the Development of Cambodia (CDC) has recently approved a 700-megawatt coal-fired power plant project at Sihanoukville Special Economic Zone in Stung Hav district, Preah Sihanouk province. Invested by Huadian Sihanoukville Power Generation Co., Ltd, with an investment capital of US...

CDC Grants Investment Licenses to Four Private Companies

AKP Phnom Penh, March 27, 2021 -- Four private companies – Island Laboratoire Co., Ltd., Fang Hua Polyurethane Material (Cambodia) Co., Ltd., Herba (Cambodia) Co., Ltd, and Y.T Plastic Co., Ltd. – have just received green light from the Council for the Development of Cambodia (CDC) for their investment projects. According to a CDC’s press rel...

Six Companies Granted Investment Licences

AKP Phnom Penh, March 22, 2021 -- Six private companies have recently obtained their investment licences from the Council for the Development of Cambodia (CDC). According to a CDC’s news release, with a total investment capital of US$49.8 million, the new projects will be located in the provinces of Takeo, Pursat, Kandal, Preah Sihanouk...

Cambodia Boosts Inclusive Business

AKP Phnom Penh, March 22, 2021 -- Cambodia is taking a lead in ASEAN to adopt the model of inclusive business as it launched the Inclusive Business Landscape Study Report. The launch was made in the 1st Inclusive Business Champions Meeting for Cambodia, virtually held laste last week under the presidency of H.E. Cham Prasidh, Senior Minister,...

CDC Approves another Solar Power Plant Project in Svay Rieng Province

AKP Phnom Penh, March 22, 2021 -- The Council for the Development of Cambodia (CDC) has recently approved a 20-megawatt solar power plant project in Monorom commune, Svay Teap district, Svay Rieng province. Invested by Green Sustainable Ventures (Cambodia) Co., Ltd., the US$17.6 million project is expected to generate some 150 jobs for...

Cambodia’s Export to South Korea Continues to Increase for Two Consecutive Months

AKP Phnom Penh, March 18, 2021 -- The export of Cambodia to South Korea has been recovering since early 2021 as the export amount keeps increasing for two months in a row. Data from the Korea International Trade Association (KITA) shows that from January to February this year, Cambodia exported US$64 million worth of goods to South Kor...

Cambodia’s Export to Vietnam Increases by 14.8% in 2020

AKP Phnom Penh, March 16, 2021 -- Cambodia’s total exports to Vietnam rose by 14.8 percent in 2020 to US$385 million, despite restrictions at the border to contain the COVID-19 spread. Data from the Ministry of Commerce shows that the country’s imports from Vietnam decreased by 3.1 percent to US$2,633 million last year. The two-way t...

India Seeks to Import Pepper and Turmeric from Cambodia

AKP Phnom Penh, March 11, 2021 -- Embassy of India in Phnom Penh has sought to increase export of agricultural products, including pepper and turmeric from Cambodia. This was the topic of discussion in a recent meeting between Indian Ambassador to Cambodia H.E. Dr. Devyani Uttam Khobragade and representatives of Cambodia Pepper and Spice Fede...

Cambodia’s Exports to the U.S. worth US$580 million in First Month

AKP Phnom Penh, March 10, 2021 -- Cambodia’s exports to the world’s biggest economy is on the rise, continuing its consecutive growth since last year, despite the global health crisis caused by the COVID-19 pandemic. This reflects the strong demand of Cambodian products in the U.S. market. Data from the U.S.’ Census Bureau showed that Camb...

CDC Approves a US$2.1 Million Investment Proposal in Takhmao Town

AKP Phnom Penh, March 10, 2021 -- A US$2.1 million garment factory will be built in Takhmao town, Kandal province, creating 2,611 jobs for local people, according to a press release of the Council for the Development of Cambodia (CDC). The garment factory project, approved recently by the CDC, is invested by Jiangyao (Cambodia) Garments Co.,...

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