The economy, investment, trade and the companies building Cambodia. · 906 អត្ថបទ
The trade relationship between Cambodia and Indonesia saw significant growth in 2023, as Indonesia climbed to become Cambodia’s sixth-largest trading partner. According to data from the General Department of Customs and Excise (GDCE), the trade volume between the two nations escalated to nearly $1.1 billion, reflecting an increase of almost 15% over the previous year.…
In a significant development for Cambodia’s economic sector, the Foreign Trade Bank of Cambodia (FTB) has aligned with the Asian Development Bank (ADB) through the Trade and Supply Chain Finance Program (TSCFP). This partnership, finalized on Tuesday in Phnom Penh, aims to enhance trade finance opportunities for Cambodia’s micro, small, and medium-sized enterprises (MSMEs). The…
In an upcoming meeting in Bangkok, the Prime Ministers of Cambodia and Thailand will explore avenues to enhance bilateral trade, streamline border goods transportation, and dismantle existing trade barriers. Despite a 17 percent decline in trade turnover to $3.71 billion in 2023 from $4.47 billion in 2022, Thailand remains Cambodia’s second-largest trading partner within ASEAN,…
In the final quarter of 2023, Cambodia witnessed a notable increase in consumer loan applications, with a 5% rise compared to the third quarter of the same year. This uptick reflects a burgeoning demand for credit among Cambodian consumers, culminating in a total consumer loan volume of $15.01 billion by year’s end, marking a 0.51%…
Cambodia is on the brink of a transformative era, with its total population forecasted to rise by an impressive 0.8 million people, marking a 4.95 percent increase by the year 2028. This period of continuous growth, reaching a new peak of 16.98 million, is more than just a statistic; it’s a clarion call for investors…
The Credit Guarantee Corporation of Cambodia (CGCC) announced on Wednesday that it has facilitated loan guarantees totaling $164 million for 1,928 micro, small, and medium enterprises (MSMEs) since its inception three years ago. Launched during the Covid pandemic to assist businesses in navigating economic challenges, the CGCC has made significant strides, currently boasting an active…
A team from the Japanese Chamber of Commerce and Industry recently expressed their interest in bolstering investments in Cambodia, particularly focusing on the Original Equipment Manufacturers (OEMs) within the textile industry. Yoshihisa Suzuki, leading the Japan-Mekong Business Cooperation Committee, presented this investment proposition during a discussion with Cambodian Prime Minister Hun Manet at Phnom Penh’s…
In January 2024, Cambodia saw a significant influx of fixed-asset investments, totaling over $187 million, as reported by the Council for the Development of Cambodia (CDC). This financial boost was encapsulated in the approval of 32 new investment projects, poised to create approximately 29,000 job opportunities across the nation. The investment landscape for the month…
Panda Bank is excited to introduce the ‘Treasure Vault’, a novel savings solution designed to revolutionize the way customers earn interest on their deposits. This innovative product offers a flexible term deposit scheme with the unique advantage of daily interest accrual, setting a new standard in the banking sector. With a minimum deposit period of…
In a strategic move to bolster economic relationships, the Royal Government of Cambodia (RGC) is actively enhancing cooperation with both the European Union (EU) and the member states of the Association of Southeast Asian Nations (ASEAN). This initiative aims at fostering shared prosperity, strengthening economic resilience, and deepening investment connections across these regions. Deputy Prime…
The coastal city of Sihanoukville is on the cusp of a transformative era, heralded by Prime Minister Hun Manet’s recent unveiling of the “Special Investment Promotion Program in Sihanoukville 2024.” This groundbreaking initiative signifies a pivotal moment in Cambodia’s economic evolution, with Sihanoukville set to become a focal point of national and international investment. At…
In a significant move to advance the tech education landscape in Cambodia, the Overseas Cambodian Investment Corporation (OCIC) and consultancy firm Platform Impact have inked a Memorandum of Understanding (MoU) to establish a pioneering programming school on Koh Pich, Phnom Penh. This agreement, signed during Prime Minister Hun Manet’s visit to France, draws inspiration from…
The coastal province of Preah Sihanouk is on the brink of a significant transformation as its development plan to become a multi-purpose Special Economic Zone (SEZ) is nearing completion, according to Deputy Governor Long Dimanche. This strategic plan is anticipated to be presented to the Cambodian government for approval and implementation by the second quarter…
