· 198 articles
In the dynamic world of lean consulting, one name is making waves throughout South Asia, and it’s none other than True North Lean, a Cambodian-based firm that is redefining the industry. Remarkably, this company, still in its inaugural year, has already accomplished what many could only dream of: successfully managing projects spanning Cambodia, Vietnam, Thailand,…
Cambodia’s exports have witnessed a remarkable surge, driven by the dynamics of the Regional Comprehensive Economic Partnership (RCEP). As the latest Ministry of Commerce report reveals, the kingdom exported a record-breaking $5.26 billion worth of goods to RCEP member countries in the first eight months of 2023. This impressive figure represents a significant 22 percent…
Cambodia has had a notable surge in the exportation of electrical machinery, equipment, and associated goods, representing a significant development. Based on the data published by the General Department of Customs and Excise (GDCE), the total value of exports has surpassed a noteworthy sum of $2.1 billion during the initial eight-month period of 2023. This…
Cambodia is positioning itself for a digital revolution in the financial sector with the unveiling of its Financial Technology (fintech) Development Policy for 2023-2028. Deputy Prime Minister and Minister of Economy and Finance, Aun Pornmoniroth, believes that embracing the advantages of digital transformation will not only invigorate the country’s socio-economic landscape but also strengthen global…
In a remarkable development for Cambodia’s financial landscape, ACLEDA Bank Plc, a prominent commercial bank, is set to make history by listing its bonds on Thailand’s stock exchange. This strategic move aims to raise $100 million, earmarked for expanding its operations and extending vital support to small and medium-sized enterprises (SMEs). This groundbreaking listing not…
In a resounding call to action, Prime Minister Hun Manet has set forth a vision that promises to transform Cambodia’s provinces into thriving hubs of economic activity. With an unwavering commitment to decentralisation and economic growth, Hun Manet’s leadership is ushering in a new era of opportunity for the nation. Addressing nearly 20,000 workers in…
In his address at the opening ceremony of the 20th China-ASEAN Expo in Nanning, Prime Minister Hun Manet underscored the importance of trade and cooperation in navigating the uncertainties of the global landscape. Held under the theme “Work Together for a Harmonious Home and Shared Future,” this year’s expo offers an opportunity to promote sustainable…
In a significant step towards promoting entrepreneurship and innovation among Cambodian youths, Khmer Enterprise, in collaboration with Expert Leadership Innovation Exchange (ELIX) and Reactor School, has launched two Entrepreneurship Programmes. These programmes aim to equip undergraduate students with the necessary skills, mentorship, and guidance to pursue their entrepreneurial dreams. Supported by the Ministry of Economy…
Pethyoeung, a dynamic health technology company hailing from Cambodia, is embarking on an exciting journey as it enters the US market under the name Pymed Technologies Inc. This strategic move showcases the company’s dedication to expanding its global reach and making a significant impact on the international stage. The decision to register in the United…
The Cambodian province of Kampong Speu is aiming for a significant business boom, with the local administration announcing plans to establish 25 new factories and enterprises in 2021. These new businesses are expected to generate over 23,000 job opportunities for the local workforce. Kampong Speu governor Vei Samnang, who visited China’s Guangzhou province in August,…
In a remarkable achievement, Cambodia’s export industry has seen a significant surge in value, with a remarkable increase of over 25% in 2022. The country exported goods worth more than $4 billion to the European Union, up from $3.2 billion in 2021, as reported by the Ministry of Commerce’s iTrade Bulletin for July. Among Cambodia’s…
A Testimony to Peace and Political Stability In recent years, Cambodia has experienced a remarkable surge in the number of garment, footwear, and travel bags factories. What was once a modest industry with only 68 factories in 1997 has now grown to an impressive 1,326 factories in 2023, providing employment opportunities to over 840,000 workers.…
Cambodia is a country that is undergoing rapid changes in its economy, society, and culture. The people of Cambodia are becoming more aware of their needs, preferences, and aspirations as consumers. To understand the current and future trends of the Cambodian consumer market, Confluences and Standard Insights have collaborated to produce the Consumer Report Cambodia…
