Years to the new, life has opened a new chapter, when the warmth of the sun on the vast land, the vision of a better life is also thriving in the warm sun.
The Wealth Mansion deepens the ingenuity of time, just as the classic architecture goes throw elegant, and the elegant precipitation is even more impressive. With the years as the pen carefully carved brick by brick, with the beginning of the heart of the ingenuity of the building of happiness, will be better into words to pass to every owner, good not far, happiness is on the way!
With the arrival of the Chinese New Year, Wealth Mansion presents the latest project progress and welcomes your new expectations!
In the new year, Wealth Mansion will continue to move forward with good wishes, and will live up to every family who chose us!
The new year has a new look, Cambodia in January 2022 has emerged a lot of good, from the beginning of the extraordinary potential, very exciting!
CAMBODIA - CHINA FREE TRADE AGREEMENT AND RCEP TAKE EFFECT ON THE SAME DAY
On January 1, 2022, the Cambodia-China Free Trade Agreement and the Regional Comprehensive Economic Partnership (RCEP) came into force on the same day. The two agreements will be a major driver for expanding Cambodia's trade in goods, services, and investment, in particular by providing additional markets for hundreds of new projects for Cambodian exports, as well as attracting foreign direct investment FDI) and bringing new jobs to the people.
Moreover, after the implementation of the Cambodia-China Free Trade Agreement and the RCEP, the CFRTA will soon take effect, which will provide more and greater opportunities for the development of the service industry and product trade, investment, and e-commerce. The harvest year 2022 officially set sail!
Tourism Recovers, Travel Numbers Surge
In 2022, Cambodia received more than 1.14 million tourists during the New Year's Eve Festivities, with Zhongjin and Siem Reap attracting the most tourists.
It is reported that compared with the same period last year visitor growth of 63.65%. With the end of the "third round of community transmission of the epidemic," New Year's Eve activities have been organized in various provinces and cities across the country, almost all accommodation services have been booked, and tourism-related industries have been fully recovered.
At the same time, tourism minister Tang Kun said on Tuesday that the number of domestic tourists has been increasing in the past three to four weeks, almost as much as before the epidemic, with the weekly number ranging from 250,000 to 300,000.
With the rapid vaccination of Cambodia, tourism in Cambodia will continue to pick up in 2022, which will lead to the accelerated recovery of related industries and promote the rapid development of the economy.
Investment over 43 million! 9 new investment projects approved
The Cambodia Development Council (CDC) said in a post on its official Facebook page on January 12 that it had approved nine companies for investment projects worth more than $43 million and would create thousands of jobs.
The gradual increase in investment projects also means that Cambodia's economic recovery is on the fast track, and the future of Cambodia can be expected under the development of all walks of life.
"Phnom Penh - West Port" highway to open in August
Cambodia's first expressway, the Phnom Penh - Westport Expressway, will be completed ahead of schedule and is expected to open to traffic in August, Sun Suguang, deputy secretary of state of the Ministry of Public Works and Transport, said Monday.
After the completion of the Jinxi Expressway put into use, from Phnom Penh to the West Port will be shortened to 2 hours by car, while improving the travel experience between Phnom Penh and the Western Port at the same time, it also connects the economic circle of Phpenh and Western port, the economy of the two places will flourish.
At the same time, in 2022, Cambodia will also continue to vigorously develop infrastructure construction, will open the Mekong River Bridge and the road construction project connecting Khatai Province, Highway 7 (Sagon-Kompong Cham Province) expansion project, Stengbo International Port, and step 2 road 5 construction project, Highway 5 improvement project, sustainable rural connection network improvement project, Cambodia-Korea Friendship Bridge project.
Constantly strengthening infrastructure construction and improving the functional quality of the city will not only refresh the face of the city but also promote the high-quality development of house prices and the economy.
Promoting the Integration into the International Investment Environment and speeding up the formulation of the New Tax Law
The Cambodian government said on the 17th that the formulation of the new tax law is steadily advancing, and a number of government departments are discussing the relevant draft law.
Guan Weibao, Cambodia's national tax director, said the current tax law had been in place for more than 40 years and that much of it was out of date. The purpose of drafting the new tax collection law is to update and clarify Cambodia's tax laws and regulations to ensure the smooth conduct of tax collection and management while making it easier for Cambodia to integrate into the regional and international business and investment environment.
Improvements to the new tax law will enable Cambodia to keep pace with the digital economy through the tax law while making it easier for all investors and stakeholders to understand Cambodia's tax so that they can work more efficiently.
Half a year refining 1500 kg, Cambodia's gold industry considerable development!
Cambodia's first gold refinery has been in operation for 7 months, the Cambodian General Directorate of Mines Ndibullah said recently that the refinery has extracted 1500 kg of gold, from which the government received $1.677063 million in royalties. It is reported that the current gold mining work in an orderly manner, believe that there will be more Cambodian gold to the international market, for the country's economic and social development benefits.
World Bank forecasts Cambodia's economic growth rate to be 4.5% in 2022
According to a report released by the World Bank (WB) recently, Cambodia’s economic growth rate is expected to reach 4.5% in 2022 and 5.5% in 2023.
The Asian Development Bank (ADB) had previously estimated that Cambodia's economic growth rate would remain at around 5.5 percent in 2022 due to the economic recovery of its trading partners. Prime Minister Hun Sen also said that Cambodia's economic growth rate in 2022 will exceed 5%, thanks to the increase in agricultural exports.
With the implementation of various policies, it is conceivable that Cambodia's investment projects and elite talents will continue to settle in. With the gradual improvement of all kinds of supporting facilities, the future development of Cambodia still has unlimited possibilities. Only by seizing the opportunities for development in Cambodia and choosing high-quality investment projects, will be able to enjoy the dividends brought by the development of the whole country!
PHNOM PENH, CAMBODIAENJOY FIVE-STAR HOTEL SERVICE IN WEALTH MANSION
Wealth Mansion, the Department of Cambodia Wankang International Investment and Development Co., Ltd. Phnom Penh to create a first-line Riverview mansion.The project site is located on the east bank of the Tonle Sap River, with out-of-print Jiangwan level ecological resources of Mekong, Baise River, and the three rivers crossing the river.Wells Residence is located in the "Phnom Penh Lujiazui," said the Shui Jinghua District, close to the new City Hall, the Asian Games Club, forward-looking urban planning, and high-standard municipal support. In terms of transportation, Wealth Mansion is only 3 kilometers away from attractions such as the Royal Palace of Phnom Penh and Independence Monument, and only 2 kilometers away from the Municipal Section, the Canadia Bank Financial Section, and the Prime Minister's Office. Water, land, and rail transportation can reach every corner of the city.
The Wealth Mansion project has a total height of 166 meters and a height of 45 floors. It is currently the highest approved building in the region. The total construction area of the project is about 140,000 square meters.