Cambodia Prime Minister Hun Sen signed a sub-decree to upgrade the Preah Sihanouk province (“Sihanoukville”) to a multi-purpose special economic zone (SEZ) on 9 June. This decision aims to increase its economic potential to investors.
Cambodia’s Ministry of Tourism (MOT) and key tourism stakeholders from the country’s private sector, including the Cambodian Association of Travel Agents, the Cambodian Tourism Federation, the Cambodian Restaurants Association, the Cambodia Hotel Association, and the Pacific-Asia Travel Association, held a meeting on 2 June to discuss plans to open the country to vaccinated tourists traveling on package tours as early as October. Tourism brings in around 32.7% share of Cambodia’s gross domestic product.
Mitsubishi Corporation of Japan will invest in an onshore wind farm in the Lao People’s Democratic Republic (PDR) that will supply electricity to Viet Nam. The facility is set to have power generation capacity of 600 megawatts (MW) and is eyed to become the largest onshore wind farm in Southeast Asia. The project will be Lao PDR’s first endeavor in exporting wind power.
Chu Lai Port aims to become a major international freight forwarding hub for import and export of goods in Viet Nam’s central and Central Highlands regions. The Trường Hải International Logistics Limited Liability Company, operator of Chu Lai Port, has expanded the port's scale and upgraded its entire service chain to achieve this target. The port has linkages to coastal roads, highways, and large industrial clusters and offers accessibility to the East-West economic corridor.
The planned Lao People’s Democratic Republic (PDR)-People’s Republic of China (PRC) expressway aims to improve the transport of goods and people, promote production, and boost commerce, investment, tourism and services, in line with the Government of Lao PDR's objectives. It spans 440 kilometers and comprises four sections in total. Section 1 running between Vientiane and Vangvieng, is already in use.
A $97.9 million upgrade for Viet Nam’s National Highway 62 has been proposed to Viet Nam's Ministry of Transport. The renovation work will include road repairs and road widening of specific portions from nine to eleven meters to reduce the travel time from Ho Chi Minh City, Viet Nam, to Cambodia. The project is proposed to start in 2021 with scheduled completion by 2023.
The highway connects Vietnam’s highways No.1, N2 and the HCMC-Trung Luong-My Thuan Expressway. All three are major routes run from HCMC on through the Mekong Delta.
Thailand's Department of Highways noted that construction of the new Highway 3646 linking Thailand and Cambodia is already 70% complete. Full completion is expected by next February. Highway 3646 will connect Ban Nong Ian in Sa Kaeo, Aranyaprathet, Thailand, to Banteay Meanchey, Cambodia, via the Thailand-Cambodia Friendship Bridge.
The Ministry of Information, Culture and Tourism (MICT) of the Lao People’s Democratic Republic (Lao PDR) has endorsed a planned strategy for the revival of the tourism industry, shared Mr. Savankhone Razmountry, Deputy Minister, MICT, at a news conference of the National Operation Centre for COVID-19 in Vientiane on 9 May.
Viet Nam will provide the Lao People's Democratic Republic (Lao PDR) $500,000 in urgent aid to support the country in overcoming the resurgence of the coronavirus disease (COVID-19).
The People’s Republic of China (PRC) has allowed Cambodia to export fresh mangoes directly to its market after the PRC’s General Administration of Customs (GACC) certified 37 mango plantations and five packaging factories as compliant with phytosanitary and packaging standards on 26 April. GACC experts from the Guangxi Zhuang Autonomous Region held a virtual inspection of mango plantations and steam treatments plants on 10 March.