The economy, investment, trade and the companies building Cambodia. · 905篇文章
The commencement of the ASEAN-Korea Trade and Investment Roundtable 2024 has been announced today, heralding a forum for deliberating the future of economic cooperation between the member states of the Association of Southeast Asian Nations (ASEAN) and South Korea. This year’s roundtable is hosted by the ASEAN-Korea Centre in conjunction with the Korea Institute for…
The National Bank of Cambodia (NBC) is reinforcing its collaborative efforts with the ASEAN+3 countries, which include Japan, South Korea, and China, to foster economic growth and shore up the region’s financial security systems. At the helm of these initiatives, NBC Governor Chea Serey led a Cambodian delegation to the ‘27th ASEAN+3 Finance Ministers and…
On a meaningful Friday, the National Bank of Cambodia (NBC) and the National Bank of Georgia (NBG) marked a milestone by signing a memorandum of understanding (MoU). Chea Serey, Governor of NBC, and Natia Turnava, Acting Governor of NBG, embodied the commitment of their nations to foster financial cooperation aimed at curbing the reliance on…
The forthcoming Funan Techo Canal (FTC), set to be developed through a public-private partnership, is poised to significantly enhance the shipping capacity of the Sihanoukville Autonomous Port (PAS). A recent report by the Council for Development of Cambodia (CDC) reveals that the construction of the FTC is expected to escalate the port’s shipment activities to…
The Cambodian Ministry of Commerce (MoC) is actively seeking to bolster Japanese investment within the nation’s borders. This effort comes on the heels of major expansions by significant business entities, such as Toyota Tsusho Manufacturing Corporation (Cambodia) Co Ltd. The MoC sees immense potential for Japanese entities to plunge into the diverse investment opportunities available…
In recent years, Cambodia’s real estate sector has witnessed a significant shift in investor demographics, signaling a diversifying market that is drawing attention from beyond its traditional investor base. Historically, the influence on Cambodia’s property market was predominantly wielded by investors from China and Southeast Asian nations. However, a marked increase in interest from Western…
Prime Minister Hun Manet has articulated a transformative vision for Cambodia, aiming to evolve the nation from being primarily an exporter of raw materials to an economy robust in producing semi-finished and finished goods. This progressive goal is designed to meet both domestic demands and enhance export capabilities, consequently improving the livelihoods of Cambodian citizens.…
The Ministry of Economy and Finance (MEF) of Cambodia has played a significant role in advancing the capabilities of the nation’s workforce through its Skills Development Fund (SDF). Initiated in 2018 with a projection to continue until 2024, the program has been lucrative for the nation’s human capital development. Recent data revealed by Han Ratanak,…
Cambodian investment opportunities took center stage as they were introduced to a significant audience of over 6,000 investors from Russia and the Commonwealth of Independent States (CIS) at the recent Moscow International Property Show. The event, which took place on April 12-13 in Moscow city, is renowned as one of the premier annual gatherings for…
In the near future, Phnom Penh is gearing up to host a pivotal business forum that aims to foster enhanced trade and investment cooperation between Cambodia and Mexico. This development emerged from a recent meeting held on Monday between Kith Meng, President of the Cambodia Chamber of Commerce, and Liliana Ferrer, Ambassador of Mexico to…
In a significant move to solidify the foundation of economic diplomacy while exploring key opportunities for cooperation and investment within Cambodia, a delegation led by His Excellency OUK Sophorn, Under-Secretary of State of the Ministry of Foreign Affairs and International Cooperation (MFA.IC), embarked on an insightful two-day visit on 26-27 April 2024. The delegation, representing…
Prime Minister Hun Manet recently articulated the investment strategy of the Royal Government of Cambodia, emphasizing the dual focus on safeguarding current investments while simultaneously welcoming new ones. This announcement was made during a gathering with over 5,000 representatives from the informal economy at OCIC, Phnom Penh, on Sunday, April 28. The Prime Minister highlighted…
In a meeting with over 5,000 representatives of Cambodia’s informal economy at OCIC in Phnom Penh, Prime Minister Hun Manet emphasized the importance of diversifying goods and boosting domestic production both for domestic consumption and export. During the meeting on Sunday, the premier underscored the government’s goal of not only enabling production within Cambodia but…
