Vietnamplus

The Cambodian government is working on new laws to regulate special economic zones (SEZs) and investments, Prime Minister Hun Sen said.

The Council for the Development of Cambodia (CDC) recently approved three investment projects in the handbag and garment sector with a total capital investment of 8.8 million USD, according to the Phnom Penh Post. ​

Malaysian Prime Minister Mahathir Mohamadbegan his three-day official visit to Cambodia on September 2 to enhance ties between the two Southeast Asian nations.

Cambodia has licensed 21 FDI projects capitalizing at 131 million USD in the first quarter of this year, which showed a plunge from last year.

Vietnam and Cambodia are close neighbours with an enduring tradition of cooperation and mutual assistance. The friendship and comprehensive cooperation between the two countries have been continuously

Foreign investment in Cambodia between 1994 and 2014 reached 20 billion USD, according to a report of the country’s National Bank (NBC) and the Cambodia National Institute of Statistics (NIS).

The opposition Cambodia National Rescue Party (CNRP) has called on the European Union (EU) to mediate in the political tensions between CNRP and the ruling Cambodia People’s Party (CPP).

Vietnam and Cambodia have reaped impressive results in economic cooperation, which still has much room to flourish even more, Vietnamese Ambassador to Cambodia Thach Du said.

Cambodia is facing great risk of skilled labour insufficiency when joining the ASEAN Community, said Minister of Labour and Vocational Training Ith Samheng.

ADB forecasts 7 percent gross domestic product (GDP) growth for Cambodia in 2015 and 7.2 percent in 2016, according to the bank’s Asian Development Outlook Update report released on September 22.

Cambodia has decided to establish a special economic zone in Preah Sihanouk province in an attempt to attract investment and develop its economy as the ASEAN Community forms by the end of this year.

Cambodia launched an Industrial Development Policy for 2015-2025 on Aug. 26, which targets to increase the gross domestic product share of the industrial sector to 30 percent by 2025.