Vietnam has expressed inter-est in investing in Cambodia’s aquaculture sector and providing technical support to help boost fisheries production, according to Vietnamese media reports. Deputy Minister of Foreign Affairs Vu Hong Nam said during a visit to Tonle Sap Lake late last week with the governor of Kampong Chhnang province that an official initiative for […]
Read MoreThailand has proposed Cambodia initiate a bus service that links the two countries and Vietnam which will strengthen connectivity between the Asean countries. The proposal was made during a meeting between Minister of Public Works and Transport Sun Chanthol and his Thai counterpart Arkhom Termpittayapaisith in Phnom Penh late last week. According to the ministry, […]
Read MoreThe National Bank of Cambodia and the People’s Bank of China yesterday officially launched the yuan-riel exchange rate at the China-Asean expo in Nanning. “The yuan-riel exchange rate proves the importance of economic and financial ties between Cambodia and China,” said Sum Saniseth, vice governor of the NBC. “China also has a similar exchange rate […]
Read MoreA recent report by the World Economic Forum underscored the Kingdom’s poor performance in educating and training its citizens in order to develop a competitive workforce and put their skills to productive use, ranking it for the first time in its annual review as the worst in Asean. Cambodia ranked 92nd out of 130 countries […]
Read MoreThe Kingdom’s biggest industrial park is moving beyond its initial development stage and looking to attract nearly 200 new tenants in the next five years as it doubles its footprint. Established in 2008, the Sihanoukville Special Economic Zone (SSEZ) sprawls over 1,100 hectares in the hills to the east of Sihanoukville and the Kingdom’s only […]
Read MoreCambodia intends to submit a petition to the United States government to extend the duty-free privileges of its Generalised System of Preferences (GSP) scheme to include footwear, giving local manufacturers a competitive advantage in the world’s biggest consumer market. But hopes are dimming as the submission deadline approaches and a bill proposing the exemption fails […]
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