The CapitaLand Development (CLD), a real estate firm and development wing of CapitaLand Group, is investing $1.3b for the enhancement of its first industrial park, logistics park, as well as township development in Vietnam. The CLD and the People’s Committee of Bac Giang province signed a memorandum of understanding (MOU) for the $1.3b investment deal….
The government has agreed in principle to a 1,400MW hydropower dam in Stung Treng province to be built jointly by local conglomerate Royal Group of Companies Ltd and China (Cambodia) Rich International Co Ltd. According to a letter from Royal Group of Companies chairman Kith Meng to Stung Treng provincial governor Svay Sam Eang obtained…
The largest temperature-controlled cold storage and cross-docking facility in Cambodia – which will be able to handle up to 25 per cent of the Kingdom’s total requirements – has broken ground in Kandal province. The Kandal Cold Storage project, which had its groundbreaking ceremony on March 22 in Kien Svay district, was funded by Private…
Vietnam has asked the government of Cambodia to expand a shipping navigation route between its Phu Quoc island, Sihanoukville and Thailand as part of a coastal shipping lane cooperation deal previously agreed by the two countries and Cambodia. The request was made at a meeting between Phan Chi Thanh, the Vietnamese ambassador to Thailand, and…
The Ascott Limited launched its first Citadines Flatiron Apart’hotel in Phnom Penh, Cambodia on March 15. Citadines Flatiron Phnom Penh sits right in the middle of Phnom Penh City Centre, within Flatiron by Meridian, a 41-storey mixed-use integrated development, with Grade A office towers and retail components. The Apart’hotel welcomed its first resident and invited…
Vietnam plans to strengthen and expand aquaculture cooperation with Cambodia, and provide the Kingdom with modern technology in a bid to spur development in the sector, according to the Ministry of Agriculture, Forestry and Fisheries. At a working meeting with agriculture minister Veng Sakhon last week, Vietnamese ambassador Nguyen Huy Tang contended that his country’s…
New York, N.Y. — Nguyen Coffee Supply announced the closure of a $2.6 million seed round of funding. The funding will advance Nguyen Coffee Supply’s mission to bring Vietnamese coffee–and the resilient robusta bean–to the masses and support the company’s expanding distribution and product innovation. The seed round will help transform the coffee industry through…
Phnom Penh, Cambodia is set to welcome it’s first ibis budget hotel in July, developed by French multinational hospitality group Accor, the company said in a statement posted on travmedia.com on February 24. The first Cambodia ibis budget Phnom Penh Riverside will be located in Chamkarmon district “a short walk away” from Koh Pich island,…
