Viet Nam Dairy Products Joint Stock Company, or Vinamilk, will spend almost US$11 million to buy its Cambodian partner’s entire stake in Angkor Dairy Product Company Limited (Angkormilk) in Phnom Penh, Cambodia.
Tien Len Steel Group JSC (TLH) plans to open a US$3 million plant in Cambodia in October this year.
The Gemadept Corporation will carry out a US$27.7 million project to plant and exploit rubber in Cambodia.
The Ministry of Planning and Investment has granted an investment license to the Viet Nam Dairy Products Joint Stock Co (Vinamilk) to build a dairy product processing factory in Phnom Penh, Cambodia.
Subsidiaries of HAG Group (HOSE: HAG) currently do investing activities in the field of rubber tree and sugarcane planting in Laos and Cambodia. HAG believe that we conform to the local laws strictly, including forest protection. HAG does not take part in wood exploitation including profitable wood in transferable area of HAG. Lao and Cambodian Governments have full rights to control, owe and decide all of the wood volumes.
The IMF has called upon Cambodia's central bank to tighten the credit market
The Asian Development Bank (ADB) yesterday announced a three-year pipeline of $525 million to boost growth in Cambodia, as it launched its new three-year rolling Country Operations Business Plan (COBP) for 2013-2015.
Maybank, one of the largest banks in Cambodia, has officially launched an internet banking service to provide a convenient service to its more than 10,000 customers and says it hopes to increase that number by around 10 per cent.