Economy and Finance
AEON Mall Vietnam to Invest Over US$167m in Landmark Thanh Hoa Shopping Centre
AEON Mall Vietnam has secured approval from Thanh Hoa provincial authorities to invest over US$167 million in a large shopping centre spanning 10.5 hectares, set to become the largest commercial hub in the northern region of Vietnam. This significant investment, reported by VNEXPRESS on 4 August 2024, underscores AEON Mall’s commitment to expanding its footprint […]
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Asia Real Estate Investments Drop 13% Amid Delayed Rate Cuts & Market Repricing
The recent decline in real estate investments across the Asia Pacific can be attributed to several factors, including delayed interest rate cuts and economic volatility. The US$22.9 billion investment volume in Q2 2024 marks a significant retreat as investors await clearer signals from central banks regarding monetary policy adjustments. This wait-and-see approach has tempered investment […]
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Global Supply Chain Shift from China, While Thailand Emerges as Key Player
Thailand has positioned itself as a prime investment destination in the ongoing supply chain reformation from China, attracting substantial investment across key industrial clusters over the next decade, according to Michael Glancy, Country Head of JLL Thailand. This shift, driven by the need for supply chain diversification, is detailed in a recent report by Jones […]
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Cambodia Issues Over US$60m in State Securities in First Half of 2024
In the first half of 2024, the Cambodian government issued public securities worth 255.3 billion Riels (approximately US$63 million) to finance public investment projects aimed at promoting economic growth and productivity. This information comes from a report by the National Bank of Cambodia dated 31 July 2024. The report details that one-year government securities were […]
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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 […]
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Golden Port SEZ to Establish 270-Hectare SEZ Along Sihanoukville Expressway
Golden Port SEZ Development Co., Ltd. has unveiled plans to establish a 270-hectare special economic zone along the Phnom Penh-Sihanoukville Expressway, aiming to bolster industrial diversification in Cambodia. The announcement was made following a meeting on 29 July 2024 between Mr. Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Kaing Leng, Chairman […]
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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 […]
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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 […]
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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 […]
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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 […]
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