News
Seaport complex licensed in Quảng Ninh
A US$300 million project, consisting of a seaport and industrial park at the Đầm Nhà Mạc area in Quảng Yên town in the northern province of Quảng Ninh, was granted an operating licence on November 18. Investors of the project are the CDC Corporation, headquartered in ...
Amended investment law offers tax incentives, shortens concession period
Amendments to the Investment Promotion Law offer more tax incentives and shorter investment concession periods in a bid to attract more investors while ensuring closer scrutiny of their operations. A draft amendment to the law, which was passed by the National Assembly last week, shortens ...
Steel firm mulls factory in SSEZ
A Chinese steel company is in talks with Sihanoukville Special Economic Zone to set up an industrial facility in the zone, a marketing executive said on November 19. Gu Xia, section chief of SSEZ’s marketing department, said the Chinese company was currently reviewing the land ...
China continues to court on Myitsone project ahead of commission presser
As the commission tasked with reviewing hydropower projects along the upper reaches of the Ayeyarwady River submitted its first report to the president this past week, Chinese state media has assured its nation of the ongoing “friendly and cooperative” Sino-Myanmar relationship. The China News article, ...
Mango producers struggle to meet Korean standards
It has been nearly a year since the government signed a memorandum of understanding with South Korea that aimed to put Cambodian mangoes on the shelves of supermarkets in Seoul, yet local producers say there is little sign of any movement. According to In Chayvan, ...
ASEAN, Japan further enhance defence cooperation
ASEAN and Japanese defence ministers have agreed to further enhance their cooperation on politics, security, economics, and socio-cultural affairs. As a result of positive relations in these areas to date, Japan has become one of the most important dialogue partners and supporters of ASEAN. Lao ...
Factory openings provide 50,000 new jobs
More than 100 new factories were registered during the first nine months of the year, creating over 50,000 jobs, a government spokesman said on November 10. Oum Sotha, spokesman for the Ministry of Industry and Handicraft, said the ministry recorded 116 new factory openings from ...
Govt proceeds with planned Mekong hydro project
The government has informed the Mekong River Commission that it will proceed with the planned development of a new Mekong hydropower project in Pakbaeng district, Oudomxay province. The MRC Secretariat said on its website that it has received notification from the Lao government that Laos ...
Singapore, VN enhance economic co-operation
Over the past five years, Singapore’s investments in Việt Nam have nearly doubled. Singapore’s Trade and Industry Minister, Lim Hng Kiang, emphasises the development of longstanding economic relations between Singapore and Việt Nam, which have yielded concrete outcomes, including creation of the Việt Nam-Singapore Industrial ...
Factory for Nissan cars, parts proposed
A Malaysian automotive company has requested approval to establish a factory in Cambodia to assemble Nissan automobiles and manufacture spare parts for the vehicles, a government official said on November 9. Eang Sophallet, a spokesman for Prime Minister Hun Sen, said the premier met the ...
