The launching ceremony was held here on April 27 under the presidency of H.E. Dr. Chea Serey, NBC Governor and Ms. Elvira Morella, Director of Advisory and Economic Research for the East Asia and Pacific region of the International Finance Corporation.

The taxonomy is designed to provide a clear and consistent classification system for sustainable economic activities, helping financial institutions, investors and market participants identify projects that contribute to environmental sustainability. It also seeks to curb the risk of “greenwashing” within Cambodia’s financial sector.

In its initial phase, the taxonomy will focus on three key sectors such as energy, transport and construction, offering banks a structured approach to classify green projects and facilitate investment aligned with sustainability goals.

Speaking at the launching ceremony, H.E. Dr. Chea Serey emphasised that while the first phase targets the banking sector, the taxonomy is not limited to financial institutions.

She encouraged wider adoption across industries, noting that the central bank will continue to expand its scope in collaboration with relevant ministries and stakeholders.

The NBC Governor added that future phases will incorporate additional sectors and deepen efforts on climate change adaptation, ensuring broader applicability across the economy.

H.E. Dr. Chea Serey also highlighted the growing impact of climate change on business operations, stressing the need for firms to adopt energy efficiency measures, green supply chains and sustainable practices.

“The taxonomy would serve as a key framework for mobilising capital towards Cambodia’s green transition, while positioning the country within regional and global sustainable investment ecosystems,” she said.

The launch marks a significant step in Cambodia’s efforts to align its financial system with international sustainability standards, while tailoring solutions to its status as a developing economy.

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She made the spotlight while joining a panel discussion, organised alongside the regional conference, focusing on accelerating agrifood investment pathways through the Hand-in-Hand initiative.

During the discussion, H.E. Ms. Yoeu Asikin highlighted Cambodia’s rice industry as a key driver of agrifood transformation, positioning the country among the world’s leading rice producers and exporters, with around 15 million tonnes of paddy production and a surplus of nearly 9 million tonnes offering strong export and investment potential.

Cambodia has successfully moved into premium markets, with fragrant rice varieties such as Phka Rumduol gaining global recognition, while continued investments in milling, storage, and processing are strengthening value chains and export competitiveness.

She emphasised that unlocking further investment across climate-smart production, modern infrastructure, value-added processing, and public private partnerships will be critical to enhancing productivity, sustainability, and resilience in the rice sector.

Through initiatives like Hand-in-Hand, Cambodia continues to promote targeted, data-driven investments to transform its agrifood systems and create opportunities for farmers, businesses, and regional markets.

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This makes Kratie the leading province among the four targeted areas in Cambodia’s northeast, showing strong investors’ interest in the region.

Since the programme was launched on April 9, 2025, the SPIN Programme Working Group has received 58 project proposals, with a total value of around US$2.41 billion.

Among them, 33 projects worth about US$1.07 billion have already been given initial approval for incentives. These projects are expected to create around 17,213 jobs.

H.E. Hean Sahib, Chairman of the SPIN Programme Working Group, said investment interest remains strong despite global challenges.

“Despite external crises, such as the border dispute with Thailand and the oil crisis in the Middle East, we continued to receive proposals in March and April 2026,” he said.

Private sector leaders also pointed to structural advantages behind Kratie’s strong performance. Mr. Noun Rithy, Chairman of the Board of KFA Group, said the government’s push to develop the northeast as a new economic pole is beginning to take effect.

“The SPIN Programme is a policy to promote economic development in provinces along the northeastern border,” he said.

“The [Kratie] province attracts the most investment capital, particularly large-scale projects, due to its favourable location, improved infrastructure, especially a new connecting bridge, and strong water transport links,” he underlined.

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The collaboration is aimed at accelerating the deployment of green hydrogen energy solutions across Cambodia and the ASEAN region. The agreement was signed in Singapore, marking a collaborative effort to integrate cutting-edge energy innovation with established operational scale.

The high-level signing ceremony featured Neak Oknha Kith Meng alongside Dr. Bo Bai, Group Executive Chairman and Co-Founder of Alpha Ladder Group; Ms. Tin Pei Ling, Co-President of Alpha Ladder Group; and Dr. Huang Kuan, Chief Executive Officer of Greenlyzer. This meeting of leadership underscores the international importance of the partnership in advancing clean energy innovation.

This partnership is designed to leverage Greenlyzer’s technological expertise alongside the extensive network and operational reach of Royal Group, which stands as Cambodia’s most diversified business conglomerate. A primary focus of the collaboration will be the exploration and deployment of next-generation solutions, specifically the Green Moving Grid. By combining these resources, the entities aim to establish new models for sustainable power generation and build future-ready infrastructure.

Under the leadership of Neak Oknha Kith Meng, Royal Group views this initiative as a pivotal step in strengthening Cambodia’s role within the ASEAN energy market. The group’s leadership emphasized that the goal is to transition the country from a mere participant to a meaningful contributor to the region’s clean energy future. This initiative represents an important step toward building energy infrastructure that supports national growth and contributes to the region’s long-term energy resilience.

Looking ahead, the vision for this partnership remains clear: to position energy as the foundation of digital economies, industrial transformation, and national resilience. This collaboration underscores a shared commitment to a future where innovation, sustainability, and economic growth move in tandem to meet the demands of a changing global climate.

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In his opening remarks, His Excellency Oknha Nguon Meng Tech redefined the traditional view of schooling, labeling international education for the next generation as a primary strategic investment. He emphasized that global exposure in world-class environments, such as Australia, equips successors with the specific mindset and international skills required to modernize family enterprises. This development of human resources is not merely a family matter but a vital contribution to Cambodia’s national vision of achieving high-income status by 2050.

His Excellency further noted that while building a successful business is difficult, ensuring its survival across generations is the far greater challenge. He identified the lack of succession planning and the failure to facilitate “knowledge inheritance” as the primary risks facing family businesses today. Consequently, investing in a child’s education must be treated as a crucial factor in all business considerations to ensure the legacy remains sustainable.

Dr. Chandren Selvadass, Executive Director of ANIBT Malaysia, provided deeper insights into the specific returns on education for business families. He argued that for these families, education is not simply about obtaining a degree; it is about preparing the next generation to be responsible, decisive leaders capable of managing global complexities. Dr. Selvadass warned that leadership does not arise automatically through lineage but must be earned through a developed understanding of the world, maturity, and an international perspective.

The Doctor also highlighted that sending children into international environments without proper preparation is a mistake that can lead to significant financial and personal costs. He stressed that a well-thought-out educational foundation is essential for the future of both the individual children and the family institution as a whole, ensuring they can maintain their family legacy with wisdom and confidence.

The seminar concluded with a detailed discussion on the necessary foundations for training and sending students to study abroad, particularly in Australia. A representative from E-School Cambodia presented their specialized six-month foundation program, sharing successful experiences from various countries to illustrate how structured preparation leads to academic and professional success. The workshop reinforced the message that for members of the Chamber of Commerce, the investment in global education is the most reliable insurance policy for the future of Cambodian commerce.

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The initiative was discussed during a meeting between Deputy Prime Minister and Minister of Economy and Finance H.E. Dr. Aun Pornmoniroth and AIIB President Ms. Zou Jiayi, who is on her first official visit to Cambodia.

The discussions focused on the Country Cooperation Framework (CCF) for 2026-2030, expected to guide investments across priority sectors.

H.E. Dr. Aun Pornmoniroth highlighted the importance of the framework in addressing Cambodia’s growing infrastructure needs, particularly amid global economic uncertainty and geopolitical tensions.

Cambodia, a founding member of the AIIB since 2016, has received sustained support through loans and grant financing, including assistance during the COVID-19 pandemic.

Ms. Zou Jiayi reaffirmed the AIIB’s commitment to accelerating project approvals and supporting Cambodia’s development priorities, including clean energy, through new financing instruments.

Commenting on the development, economist Dr. Darin Duch said the framework would be vital in maintaining Cambodia’s growth trajectory.

“The US$2 billion CCF is crucial because it provides capital for infrastructure development. Cambodia is able to maintain ongoing projects such as transport, logistics, and digital infrastructure, which are key drivers for economic productivity, trade competitiveness, and inclusive growth,” he said.

He added that the framework could also support Cambodia’s energy transition.

“There is a potential to support clean energy, including solar, hydropower, and grid modernisation, while reducing dependency on imported fossil fuels. This is conducive to enhancing energy security and reducing costs in the long run,” he noted. AKP

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During a meeting held on Mar. 20, H.E. Chea Vuthy, Secretary General of the CDC’s Cambodian Investment Board, along with inter-ministerial officials, reviewed and approved a proposal by ZDG Assembly Co., Ltd. to establish a vehicle assembly plant in Kandal province.

The facility will specialise in assembling LYNK & CO vehicles, a global automotive brand known for its focus on high-tech and sustainable mobility.

In recent years, Cambodia’s automotive sector has experienced significant growth, driven by the Royal Government’s policy to promote a free-market economy and attract investment, contributing to economic growth and job creation.

As of March 2026, Cambodia has 10 operational vehicle assembly plants, producing a range of passenger cars, trucks, and electric vehicles (EVs), including well-known brands such as Ford, Hyundai, Toyota, and BYD.

According to the Ministry of Commerce, Cambodia imported US$1.1 billion worth of vehicles in 2025, representing a 60 percent increase from US$686 million in 2024.

During the same meeting, the CDC also reviewed and approved five additional investment projects with a combined investment of over US$170 million.

These projects are located in Svay Rieng, Battambang, Takeo, Pursat, Kandal, and Kampong Speu provinces.

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The Cambodia-Austria Business Forum, held on Tuesday, March 17, 2026, served as the centerpiece for the largest-ever Austrian trade mission to the Kingdom. Presided over by H.E. Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia (CDC), the forum aimed to bridge the gap between Austrian innovation and Cambodian economic potential.

The forum was attended by a broad spectrum of Cambodian leadership, including representatives from the Ministries of Economy, Commerce, Public Works, and Agriculture, alongside the Cambodia Chamber of Commerce. Addressing the delegation, H.E. Sun Chanthol positioned Cambodia as one of the most dynamic and forward-looking investment destinations in Southeast Asia.

He highlighted several key factors currently driving interest in the Kingdom, specifically pointing to a highly favorable investment law and the government’s direct attentiveness toward the private sector. Furthermore, Cambodia’s macroeconomic stability, a young and dynamic workforce, and a rapidly developing network of interconnected infrastructure serve as essential pillars for foreign investors. The Deputy Prime Minister also underscored the government’s firm commitment to cracking down on online scams, ensuring a secure and attractive environment for direct investment opportunities.

Led by Mr. Andreas Sumper, Deputy Head of Mission of the Austrian Embassy, the delegation expressed deep appreciation for the excellent cooperation and warm support provided by the CDC and relevant ministries. This mission was strategically organized to allow Austrian investors to gain in-depth insights into the local market context and facilitate high-level discussions with key institutions.

The collaboration between the Council for the Development of Cambodia and the Austrian Embassy is expected to yield long-term benefits by moving beyond discussions into the establishment of genuine Business-to-Business (B2B) relationships. Both parties expressed confidence that an increased Austrian corporate presence will contribute significantly to industrial modernization while promoting inclusive and sustainable economic growth across the country.

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The projects are expected to create approximately 24,000 jobs, the CDC said.

Of the total, 18 projects were approved by the CDC, including nine projects located outside special economic zones (SEZs) and nine projects within SEZs, while 24 projects were registered by the Provincial-Municipal Investment Sub-Committees.

The newly registered projects cover a wide range of industries, including the establishment of factories producing garments, footwear, and bags; cardboard boxes and paper products; household furniture; camping equipment; tin processing; plywood; wood chips; metal processing and plastic products; chemicals; artificial Christmas trees; faucet heads; and components for solar panels and electrical equipment, among others.

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The appeal was made during a meeting on Tuesday between a TAFTAC delegation, led by newly elected President Enjoy Ho, and H.E. Chea Vuthy, Secretary-General of the Cambodian Investment Board at the CDC.

The discussions focused on fortifying collaboration to attract greater foreign direct investment into these key export-oriented sectors amid global supply chain shifts.

H.E. Chea Vuthy welcomed the delegation and congratulated Mr. Ho on his presidency for the 2026-2028 term. He highlighted the long-standing, productive partnership between the CDC and the association, noting past joint efforts that have successfully improved Cambodia’s investment climate.

Mr. Ho briefed the CDC on TAFTAC’s evolution from its predecessor, the Garment Manufacturers Association in Cambodia (GMAC), over nearly 30 years to better represent the expanding sector. He commended the historical partnership and requested sustained support to stimulate further investment.

In response, H.E. Chea Vuthy reaffirmed the CDC’s commitment to close cooperation and proposed two key initiatives for the association’s new term:

1. Proactively identify suitable locations for investment projects involving laundry, dyeing, and finishing operations to mitigate environmental pollution risks.

2. Prioritise attracting upstream industries to supply the garment, footwear, and travel goods value chains, with the CDC pledging full facilitation.

Mr. Ho accepted both proposals, committing to their study and implementation.

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