Prime Minister Hun Sen, Head of the Royal Government has instructed the Ministry of Public Works and Transport to study the feasibility of improving the existing railway system in Cambodia into a high-speed railway. This is according to Sun Chanthol, Minister of Public Works and Transport, while leading a youth delegation of the Ministry of…
Thinking globally about your investments is a good idea this year. The best countries to invest in 2022 probably aren’t where you happen to live. In fact, the top performing stocks and real estate investments this year even be on the other side of the world from your home country. Global travel will remain difficult…
Bill Bien, CEO of Forever Oceans, met this week with Jorge Seif Junior, secretary of aquaculture and fisheries at Brazil’s Ministry of Agriculture, Livestock and Supply to sign a 20-year plan concession agreement that authorises Forever Oceans to ocean-raise fish within automated enclosures in two zones, located 7-15km (4.3-9.3 miles) offshore the Brazil coast of…
The Prime Minister of Cambodia Hun Sen has confirmed that Cambodia will examine the possibility of developing existing railways into high-speed railways and expanding railway connections to other potential provinces to reduce traffic accidents and increase transportation capacity. The new railway, which is planned to be built is to connect the existing railway in Poipet…
From 2022, Cambodia will rollout the expansion of the sea port at Sihanoukville province to reduce sea transport cost and attract more foreign direct investments. The plan was shared recently with the media by Lou Kimchhun, Director General of Sihanoukville Autonomous Port, adding that the sea port expansion will entail three main stages. According to…
Cambodia economic growth is expected to be around two per cent this year and five per cent in 2022 with extensive government support and a recovery in external demand, according to the International Monetary Fund (IMF). An IMF team led by senior economist Alasdair Scott conducted virtual discussions for the 2021 Article IV consultation with…
Kampot International Tourism Port – slated to be completed by end-2021 – will become an international maritime gateway, a vital component in the national transportation system, and an important magnet for national and international tourists, according to Minister of Tourism Thong Khon. The minister made the remark on September 29 during an inspection of the…
HO CHI MINH CITY — It sounds like the setup for a Vietnamese riddle: Why did the car company buy the supermarket? But instead of a punchline, the answer reveals a common yet obscure aspect of foreign investment in Vietnam: local protectionism hidden in the economic needs test. The blandly named economic needs test, or…
Saigon plans to extend it’s lockdown status until at least September 15 in response to sustained coronavirus threats, the municipal Party Committee said Friday. Phan Van Mai, deputy secretary of the municipal Standing Party Committee, said the southern city is expected to announce its upcoming plans to fight the coronavirus in the next two days….
Vietnam supply chain dislocation worsens as soaring cases of Covid-19 are seeing ships back up in greater numbers along Vietnam’s southern coastline, while ports are now turning away vessels and are struggling to source available containers. Ho Chi Minh City’s Cat Lai Terminal has stopped accepting reefer cargoes through to the middle of the month…
While Southeast Asia becomes embattled by the Delta variant of Covid-19 this summer, Cambodia’s people have cause to stay optimistic in a bright future. Cambodia has spent more than $1 billion to combat COVID-19, and herd immunity could be achieved by October, 2021. The tourism centers of Sihanoukville and Siem Reap are likely to evolve…
The Cambodian government’s relentless push to improve the Kingdom’s logistics infrastructure got another boost this week with officials committing to build 11 new roads for Sihanoukville. Already, the province is set to benefit from the 190 kilometre-long, $2 billion Phnom Penh-Sihanoukville Expressway due to be completed next year. Earlier in 2021, the government completed a…
Cambodia and China have agreed to boost transport development cooperation. The Kingdom has sought assistance from China in human resources development of infrastructure skills. The agreement was made during a virtual meeting held yesterday between the Senior Minister and Minister of Public Works and Transport Sun Chanthol and his Chinese counterpart Li Xiaopeng. Chanthol briefed…
A consortium led by Chinese e-commerce giant Alibaba will invest $400 million in the subsidiary of conglomerate Masan Group that operates retail chain VinMart. The consortium, including Baring Private Equity Asia, one of the largest private equity firms in Asia, has signed an agreement to acquire a 5.5 percent stake in The CrownX, a deal…
A national portal on tracing the origin of products and goods is expected to be put into operation in Vietnam in the fourth quarter of this year, according to the Directorate for Standards, Metrology and Quality (DSMQ) under the Ministry of Science and Technology. Bui Ba Chinh, deputy director of the DSMQ’s National Centre for…
A 34-road infrastructure project in Preah Sihanouk province has completed initial construction of concrete roadways and drainage systems and is on schedule to be entirely finished in the first half of next year. Provincial hall spokesman Kheang Phearum told The Post on December 28 that 98 per cent of light poles had been installed as…
The government aims to transform Sihanoukville into Cambodia’s industrial hub – a “second Shenzhen city”, Ministry of Economy and Finance secretary of state Vongsey Vissoth said. Located along the coast, Preah Sihanouk province boasts an international airport, a railway line connected to Phnom Penh and the Kingdom’s only deep-sea port. Its construction sector has attracted…
