Cambodia Investment Review

Exploring Cambodia’s Economic Landscape and Trade Dynamics: Insights from Aquarii BD’s May 2024 Issue of ‘Connecting Dots’

Exploring Cambodia’s Economic Landscape and Trade Dynamics: Insights from Aquarii BD’s May 2024 Issue of ‘Connecting Dots’

Cambodia Investment Review

In the latest issue of “Connecting Dots,” Aquarii BD Cambodia provides valuable insights into key developments in Cambodia’s economic and trade sectors. The May 2024 edition highlights several significant aspects of Cambodia’s journey towards economic maturity and increased global trade engagement.

Read More: Exploring Cambodia’s Economic Landscape and Trade Dynamics: Insights from Aquarii BD’s April 2024 Issue of “Connecting Dots”

  • Cambodian Prime Minister’s Visit to South Korea: Prime Minister Hun Manet visited South Korea from May 15 to 18, 2024, strengthening bilateral relations to a strategic partnership. Agreements were signed to enhance cooperation in various sectors. At the Cambodia-Korea Business Forum, Prime Minister Hun Manet encouraged Korean investment in Cambodia, focusing on the automotive sector, special economic zones, and cooperation through KOICA and EDCF.
  • Toyota Tsusho Revs Up Vehicle Assembly in Cambodia: Toyota Tsusho has commenced operation of a USD 36.8 million auto assembly plant in Phnom Penh, in partnership with the Kong Nuon Group. Located in the Phnom Penh Special Economic Zone, the plant will produce Hilux pickup trucks and Fortuner SUVs. This development underscores Cambodia’s favorable investment climate and Japan’s commitment to the Kingdom’s socioeconomic development.
  • The Funan Techo: A proposed 180 km long canal connecting Phnom Penh Autonomous Port with Kep and the Gulf of Thailand. Scheduled to commence in August 2024, the project aims to enhance trade, reduce reliance on Vietnamese ports, and create economic opportunities for 1.6 million people along its path. Estimated to cost USD 1.7 billion, the canal will be completed by 2028.
  • Special Investment Promotion Program in Sihanouk Province: Sihanoukville City approved 14 additional projects, totaling USD 213 million in investment, as part of the “Special Investment Promotion Program in Sihanouk Province 2024.” This initiative aims to revive stalled construction and stimulate investment. The approved projects include five-star hotels, casinos, resort complexes, condominiums, multifunctional buildings, a concrete mixing plant, and a cardboard manufacturing facility. These developments signal Cambodia’s commitment to Sihanoukville’s future as a tourist destination and commercial hub.

Aquarii BD’s Role and Mission

Aquarii BD emphasizes the importance of providing international businesses and investors with up-to-date information on Cambodia’s economy and market.

“At Aquarii BD, we believe that helping international businesses and investors, particularly those not yet familiar or socialized to Cambodia’s value proposition and opportunities, to formulate an up-to-date understanding of factual developments in Cambodia’s economy and market, remains an important first step to attracting more investments to the Kingdom.”

“‘Connecting Dots’, a monthly compilation of the more salient local developments from the preceding month, coupled with insights and comments from trusted industry experts into Cambodia’s evolving market dynamics, underscores our commitment to equip businesses and investors with the knowledge and information to navigate the local business landscape and to make better-informed decisions on investment opportunities emerging from Cambodia’s socio-economic developments.”

For those interested in a deeper dive into Cambodia’s economic updates and forecasts, the full May 2024 issue of “Connecting Dots” is available for download on Aquarii BD’s website, offering invaluable insights into Cambodia’s economic progress and investment potential.

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