Business and Market
Cambodia-Thailand Trade Reaches US$2.58b in the First Eight Months of 2023
In the initial eight months of 2023, the bilateral trade volume between Cambodia and Thailand amounted to a significant $2.58 billion, as disclosed in a report by the General Department of Customs and Excise. While this figure represents a 19.9% decline compared to the same period last year, it sheds light on the enduring economic […]
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Cambodia & Thailand Pledge Joint Efforts to Boost Cross-Border Trade, Aiming for US$15bn by 2025
In a harmonious display of regional cooperation, Cambodia and Thailand have joined forces to tackle cross-border trade challenges with the ambitious goal of reaching a staggering US$15 billion in trade volume by 2025. This commitment underscores their shared dedication to advancing mutual prosperity and peace, as declared in a press release from the Ministry of […]
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Vietnam Airlines Commits US$7.8 Billion for a Fleet Boost with 50 Boeing 737 Max Aircraft
Vietnam Airlines has inked an agreement worth US$7.8 billion to acquire 50 Boeing 737 Max aircraft from the United States. The strategic move is aimed at modernising the airline’s fleet to cater to surging flight demands, according to Reuters on 11 September 2023. The announcement of this significant agreement between Vietnam Airlines and Boeing was […]
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20 VN Corporate Investors Meet with CCA Seeking Business Partnerships to Import VN Products
In a promising initiative aimed at strengthening cross-border trade, the Cambodia Constructors Association, led by CCA President Neak Oknha Pung Kheav Se, Chairman of the Board of Directors of Canadia Bank and Overseas Cambodia Investment Corporation (OCIC), played host to an assembly of distinguished guests. On 15 September 2023, more than 20 prominent Vietnamese enterprises, […]
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Cambodia’s Global Trade Sees 14.5% Dip in 2023, But Exports Buck the Trend
In the first eight months of 2023, Cambodia’s international trade experienced a significant downturn, with a 14.5% decrease compared to the same period in the previous year, according to data from the General Department of Customs and Excise (GDCE). However, in a surprising turn of events, Cambodia’s exports managed to defy this trend, showing robust […]
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New East Solar Energy: From Cambodia Brand to the USA, Lighting Up a Brighter Clean Technology Future
New East Solar Energy, a prominent player in the solar industry based in Cambodia, is expanding its horizons across the globe. The company is set to inaugurate a colossal 2-gigawatt (2 million kilowatts) solar panel manufacturing facility in Phoenix, Arizona, contributing to the creation of 350 jobs. This groundbreaking development, reported by Solar Power World […]
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Vietnam Emerges as Key Player in US Economic Diversification Strategy
President Joe Biden’s visit to Vietnam marks a pivotal moment in the strengthening of economic bonds between the United States and Hanoi. This strategic move aims to reduce America’s dependence on China and signifies a significant diplomatic shift, according to CNN News on 11 September 2023. The two former adversaries have formally upgraded their diplomatic […]
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China to Set Up More Than 50 Agricultural Factories in Kampong Speu
A groundbreaking economic partnership is on the horizon for Cambodia’s Kampong Speu province, as Chinese investors hailing from Henan province pledge to establish more than 50 agricultural enterprises. This ambitious initiative is set to focus on cattle and pig farming, as well as beef and pork processing, and was announced on the official Facebook page […]
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Three Catalysts for Potential Growth of Asian Stocks in H2 2023
As the global stock market maintains a “neutral” stance, propelled by the resilience of labor markets and the services sector, analysts find themselves in a cautious but optimistic stance. While uncertainties persist, and a definitive macroeconomic trend remains elusive, experts foresee three potential catalysts that could invigorate Asian stocks in the latter half of 2023, […]
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E-Mart 24 Makes Grand Entrance to Cambodian Market, Aims for 100 Store Milestone Next Year
The retail landscape of Cambodia is set to experience a dynamic shift as E-Mart 24 Inc., the renowned South Korean convenience store chain, unveils its plans to make a resounding debut in the country. In a strategic move projected to redefine convenience, E-Mart 24 is slated to open its first Cambodian branch in the first […]
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