Prime Minister calls for a new growth model driven by agro-processing development

Prime Minister calls for a new growth model driven by agro-processing development Prime Minister Hun Manet has urged Cambodian ministries to establish a new economic model focused on agro-processing, aiming to reduce import reliance and boost value-added exports. Speaking at the inauguration of KIMS Rubber's new $30 million factory in Tbong Khmum province alongside Chinese Ambassador Wang Wenbin, the Prime Minister emphasized shifting from raw material exports to finished goods production. The initiative aligns with the government's Pentagonal Strategy-Phase 1 and the National Agricultural Development Policy 2022-2030, which prioritize value-chain modernization and private investment. To support this transition, Prime Minister Hun Manet called for enhanced coordination among the ministries of agriculture, industry, and commerce to integrate farmers with processors, a move strongly backed by the Cambodia Chamber of Commerce. (Source: Khmer Times)

MOE unveils $32 billion green investment initiative aimed at reducing greenhouse gas emissions by 2035 Cambodia's Ministry of Environment (MOE) has announced a $32 billion, 10-year green investment plan spanning until 2035. Unveiled by Minister Eang Sophalleth at a sustainable finance workshop, the initiative centers on the updated "Third Nationally Determined Contribution 2030-2035" (NDC 3.0) framework under the UNFCCC. The strategy aims to convert climate challenges into economic opportunities, explicitly targeting a 55 percent reduction in greenhouse gas emissions by 2035. To bridge the massive funding requirement, Cambodia plans to mobilize external capital from developed nations, leveraging the Green Climate Fund mechanism, which has already surpassed $30 billion globally. The 2035 plan aligns with the country's Pentagonal Strategy and the ministry's "Circular Strategy on Environment 2023-2028," driving cleanliness, greenness, and sustainability. (Source: Khmer Times)

Five Korean companies to visit Cambodia to assess potential investment opportunities Cambodian Ambassador to South Korea, Khuon Phon Ratanak, met in Seoul with Aerobi Co CEO Lee Mooncheol, badminton coach Song Young-Ho, and Multi-Culture of Korea Director Kim Yun Tae to discuss business cooperation. Kim shared ongoing efforts to identify Korean investors for Cambodia and announced plans to lead a five-company delegation there next month to explore investment prospects. He requested embassy support in arranging meetings with relevant Cambodian ministries and specialized firms during the trip. Ambassador Ratanak welcomed the upcoming visit and committed full embassy assistance to coordinate with local stakeholders, ensuring a productive business mission. (Source: Khmer Times)