Business and Market
Cambodia’s Manufacturing Sector Expands with 2,175 Factories and Over 1.1 Million Jobs
As of the first half of 2024, the Ministry of Industry, Science, Technology, and Innovation (MISTI) has registered a total of 2,175 manufacturing factories, up from 1,997 in the same period last year. These factories collectively employ about 1.1 million workers, according to a recent report from the National Bank of Cambodia, issued last week […]
Read More
Cambodia to Establish Private Business Centre in Macau to Expand Overseas Markets
The Cambodian Ministry of Commerce is preparing to establish a Cambodian Private Business Centre in Macau to boost overseas markets. This initiative aims to promote the export of Cambodian products and enhance international trade relations. The announcement came following a site inspection by a delegation led by Mr. Seang Thai, Secretary of State of the […]
Read More
Cambodia’s Mid-2024 Economic Update: Sharp Decline in Credit Growth Signals Business Slowdown, Rising NPL Ratios Across Sectors
A significant decline in credit growth indicates a slowdown in business activities nationwide. This trend is accompanied by rising non-performing loan ratios (NPLRs) across all major sectors, including commercial banks, mortgages, construction, and real estate activities, according to recent data from the National Bank of Cambodia for Q1 2024 and updated by CBRE Cambodia on […]
Read More
PPSEZ CEO: Digitalizing custom procedures can reduce 30% of Cambodia’s logistic cost and if Donald Trump Wins
The Phnom Penh Special Economic Zone (PPSEZ), a key industrial park in Cambodia, is diversifying its tenant base to attract more companies from Thailand and Vietnam, amid shifts in global supply chains. Housing over 90 tenants from 15 countries across 3.57 square kilometres, PPSEZ aims to complement Thailand’s supply chain and encourage production transfer from […]
Read More
Cambodia Sees 60% Surge in Agricultural Exports in First Half of 2024
In the first six months of 2024, Cambodia exported over 6 million tons of agricultural products, marking a nearly 60% increase compared to the same period in 2023, according to a recent report from the Ministry of Agriculture, Forestry, and Fisheries. This significant growth reflects an unprecedented increase in agricultural exports over the last five […]
Read More
Surge in Foreign Investment Bolsters Vietnam’s Real Estate Market
Vietnam’s property market is witnessing a significant surge in foreign investment, fuelled by favourable economic conditions, legal reforms, and strategic infrastructure development. In the first five months of 2024, foreign investors poured nearly US$1.98 billion into the property sector, marking a 70% year-on-year increase, according to VnExpress International. This influx of capital underscores the growing […]
Read More
Experts Predict Recovery for Phnom Penh Real Estate Market with Strategic Adjustments
The Phnom Penh real estate market is currently undergoing a necessary correction phase, which is painful yet vital for moving forward to the next cycle. This correction is seen as a necessary step to stabilize the market and prepare it for future growth, according to Ms. Kim KinKesa, Managing Director of CBRE Cambodia in a […]
Read More
Hyundai Open First EV Battery Plant in Indonesia, First in ASEAN, Aiming to Supply 150,000 Vehicles Annually
Hyundai has launched its first electric car battery plant in Indonesia in partnership with LG Energy Solution, setting a significant milestone in its global supply chain strategy. The new facility, capable of supplying around 150,000 Hyundai and Kia electric vehicles annually, began operations on 3 July 2024, according to Asia.nikkei.com. With an operational capacity of […]
Read More
Cambodia Sees 18% Surge in Construction Material Imports, Reaching US$750m in First Half of 2024
Cambodia imported construction materials worth a total of US$753 million in the first six months of 2024, marking an 18 percent increase from the previous year, according to a report by the Ministry of Commerce. Cement imports were valued at nearly US$10 million, showing a 9% decrease, while iron and steel imports soared to US$384 […]
Read More
Chinese Venture Capitalists Warn IPO Freeze Will Hinder Tech Innovation
Chinese venture capitalists have cautioned that the current IPO freeze is depriving tech startups of crucial funds, keeping market participants locked into existing investments and undermining Beijing’s push to enhance innovation in the economy. At the three-day ChinaVenture Investment Conference in Shanghai, firms voiced concerns over difficulties in recouping investments through traditional initial public offerings. […]
Read More