Business and Market
Cambodia, S. Korea Vow to Further Strengthen Cooperation as Bilateral Trade Reaches US$5bn
Cambodia and Korea are committed to expanding cooperation in all fields as bilateral trade volume reaches US$5 billion, according to a meeting between the President of the National Assembly of Cambodia Samdech Heng Samrin and the former President of the National Assembly of Korea Park Byeongseug on 12 January. During the meeting, the two leaders […]
Read More
Mid-Range & Affordable Housing Still in High Demand in 2023
Mid-range and affordable housing will continue to see the highest demand in 2023 as the supply remains far below the demand of 30,000 units per year. Mr Chrek Soknim, CEO of Century 21 Mekong, said that in 2023, the demand for medium-priced and affordable housing will continue to be high demand due to the limited […]
Read More
Cambodia Imports Approx US$360m of Iron & Steel in 2022
In 2022, Cambodia imported iron and steel worth over US$359.8 million, a year-on-year increase of 23.1%. Iron and steel are in the top 20 imported commodities list of the General Department of Customs and Excise issued on 10 January. The import of iron and steel accounts for 1.2% of the total import value of US$29.9 billion. […]
Read More
US retailer Walmart mulls expanding business in Cambodia
Walmart, a well-known retail company in the United States, is looking to expand its business in Cambodia. Walmart Representative Anbinh Phan mentioned the company’s plan in a virtual meeting with HE Pan Sorasak, Minister of Commerce on 5 January 2023. In the meeting, she said that Walmart intends to expand its business and cooperate to […]
Read More
Gov’t Provides US$89 million in Loans to SMEs as of 2022
As of 31 December 2022, the Credit Guarantee Corporation of Cambodia (CGCC) has provided approximately US$89 million in loans, mostly non-collateralised loans, to businesses, especially small and medium enterprises. According to a press release from CGCC on 3 January, the loan is provided under the BRGS scheme to provide credit to support businesses, both SMEs […]
Read More
Gov’t boosts cement plant investment to meet growing demand
Cambodian Prime Minister Samdech Hun Sen stated that there is a high demand for cement in Cambodia, which requires additional investment, while the five cement factories produce about 9 million tons per year. During the groundbreaking ceremony for the reconstruction and upgrading of two roads in Kampot and Kep provinces on 30 December, PM Hun […]
Read More
300 trust transactions worth over US$426m recorded in Cambodia as of Dec 2022
As of 16 December, 2022, 300 administrative transactions with an estimated capital of US$426 million have been registered at the Trust Regulator, according to an official meeting on 16 December. The number of registrations has increased significantly, from 17 cases to over 300 cases, reflecting the rapid growth of the Cambodian trust sector. The 2019 […]
Read More
Cambodia Raises US$10 million Fund from Government Bond
The Cambodian government has raised US$10.15 million from government bonds as of the third quarter of 2022. “In the third quarter 2022, the Royal Government of Cambodia has issued government securities in the total amount of KHR 41.8 billion equivalent to US$10.15 million,” read Cambodia’s Public Debt Situation as of End-Q3 2022. The National Bank […]
Read More
Cambodia Imports Iron & Steel Worth Over US$300 million in 11 Months
Cambodia imported US$327 million worth of iron and steel in the 11 months of 2022, a year-on-year increase of 22%. Iron and steel are products in the list of import statistics by the top 20 commodities (chapter) in November 2022 of the General Department of Customs and Excise. The import of iron and steel accounts […]
Read More
PM Hun Sen: Electricity & Oil Prices in Cambodia Under Control
Cambodian Prime Minister Samdech Hun Sen has ordered Electricite du Cambodge (EDC) and the Ministry of Mines and Energy to keep electricity prices stable and as low as possible while warning private companies not to increase oil prices arbitrarily. PM Hun Sen gave the statement during the ASEAN Summit – European Union (EU) in Brussels, […]
Read More