Investment projects in Cambodia increase by 50% in 2024
The Cambodia Development Council (CDC) on December 20 reported it had approved 414 investment projects in 2024, 54% higher than the number of 2023.
Cambodian Prime Minister Samdech Moha Bovor Thipadei Hun Manet, who is also head of the Cambodia Development Council (CDC), chairs the council’s meeting on December 20 in Phnom Penh. (Photo: phnompenhpost.com)
Phnom Penh (VNA) – The Cambodia Dev⛎elopment Council (CDC) on December 20 reported it had approved 414 inves🅘tment projects in 2024, 54% higher than the number of 2023.
This year’s projects have a total investment of nearly 7 billion USD, an increase of 40% over the previous year, said the CDC at its meeting in Phnom Penh.
Cambodian Deputy PM and first Vice-Chairman of the CDC Sun Chantol attributed Cambodia's strong increase in investment projects to peace, political and macroecon💟omic stability, improved legal and regulatory frameworks, as well as the country’s economic growth.
He stated that the Cambodian Government has proactively resolved difficulties and challenges facing the private sector to improve the investment environment for both domestic and foreign investors.
Speaking at a seminar on current economic policies of the Ministry of Foreign Affairs and International Cooperation of Cambodia in November, Deputy Secretary General of the Cambodia Investment Board under the CDC Sar Senera said that the macroeconomic environment of the country is open to investment when offering guarantees and protection to investors and encouraging participation in a variety of investment sectors and activities.
Sar Senera added that Cambodia is an attractive investment market, opening up opportunities to access export markets in the ASEAN region, as well as a number of other countries where products made in Cambodia enjoy low or zero tax rates under free trade agreements./.
Cambodia’s 11th Sea Festival took place from December 13-15 in the southern coastal province of Kampot under the theme “Celebrating Heritage and Sustainability of Coastal Areas.”
Cambodia served nearly 5 million air passengers in the first 10 months of 2024, a year-on-year increase of 21%, according to the State Secretariat of Civil Aviation (SSCA).
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
