Cambodia’s construction sector lures 9.35 billion USD in investment
Cambodia’s construction sector attracted 9.35 billion USD in investment this year, up 79 percent from 5.22 billion USD recorded in the previous year, reported the Xinhua News Agency.
(Photo: www.phnompenhpost.com)Hanoi (VNA) – Cambodia’s
construction sector attracted 9.35 billion USD in investment this year, up 79
percent from 5.22 billion USD recorded in the previous year, reported the Xinhua
News Agency.
A recent official report released by the country’s Ministry of Land Management, Urban Planning and Construction (MLMUPC) showed that the ministry had granted licenses to 4,446 construction projects this year, up 55 percent from last year.
Key investors in the construction and real estate sector are from China, the Republic of Korea and Japan.
Minister of Land Management, Urban Planning and Construction Chea Sophara attributed the remarkable growth in the construction sector to peace, political stability, favourable law and incentive policy for investors, and sound macroeconomic stability.
Construction is one of the four pillars supporting the Cambodian economy. Other three are garment industry, tourism and agriculture.
According to the report, some 1,081 construction and home design companies are operating in the country, generating approximately 150,000 jobs./.
A recent official report released by the country’s Ministry of Land Management, Urban Planning and Construction (MLMUPC) showed that the ministry had granted licenses to 4,446 construction projects this year, up 55 percent from last year.
Key investors in the construction and real estate sector are from China, the Republic of Korea and Japan.
Minister of Land Management, Urban Planning and Construction Chea Sophara attributed the remarkable growth in the construction sector to peace, political stability, favourable law and incentive policy for investors, and sound macroeconomic stability.
Construction is one of the four pillars supporting the Cambodian economy. Other three are garment industry, tourism and agriculture.
According to the report, some 1,081 construction and home design companies are operating in the country, generating approximately 150,000 jobs./.
You should also see
PM urges village elders, citizens to help preserve cultural heritage
Prime Minister Pham Minh Chinh has asked village elders and chiefs, skilled artisans and reputable citizens to make greater efforts to preserve and promote tangible and intangible cultural heritage, which is the quintessence and core value of the nation.
See more
World
Indonesia’s Mount Ruang continues to emit ash
After a series of eruptions earlier this week that forced thousands to evacuate, Mount Ruang in North Sulawesi, Indonesia, continued to emit ash on April 19 afternoon.
World
Thailand gives financial support to Laos for road maintenance
The Thai cabinet has approved 1.8 billion THB (about 48.8 million USD) in financial assistance for the Lao Government to maintain and improve Highway R12, shortening the travel time from Thailand’s Nakhon Phanom province, through Laos, to the Vietnamese border in central Quang Binh province.
World
Indonesia develops sustainable tourism
Indonesia has been working to realise its goal of building a quality, sustainable and environmentally friendly tourism industry.
World
Vietnam to have many opportunities from digitalisation, green transformation: IMF
The International Monetary Fund (IMF) has forecasted that Vietnam will have many opportunities from digitalisation and green transformation, according to IMF Asia and Pacific Department Director Krishna Srinivasan.
World
Thailand’s EV sales forecast to miss target
Electric vehicle (EV) sales in Thailand may fail to reach the estimate of 130,000 units this year as prices are likely to keep changing, according to Hyundai Mobility Thailand.
