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ខ្មែរ Business and Market
Cambodia’s Mid-2024 Economic Update: Sharp Decline in Credit Growth Signals Business Slowdown, Rising NPL Ratios Across Sectors
- 30 July 2024
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 26 July 2024. Credi...
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PPSEZ CEO: Digitalizing custom procedures can reduce 30% of Cambodia’s logistic cost and if Donald Trump Wins
- 30 July 2024
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 Vietnam, reported Nikkei Asia on 23 ...
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Cambodia Sees 60% Surge in Agricultural Exports in First Half of 2024
- 26 July 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 years, with Cambodia reaching 77 target mar...
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Surge in Foreign Investment Bolsters Vietnam’s Real Estate Market
- 25 July 2024
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...
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Experts Predict Recovery for Phnom Penh Real Estate Market with Strategic Adjustments
- 23 July 2024
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 Phnom Penh Real Estate Market Update Workshop on 16 July 2024. During th...
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Hyundai Open First EV Battery Plant in Indonesia, First in ASEAN, Aiming to Supply 150,000 Vehicles Annually
- 21 July 2024
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 10 GWh per year, the pla...
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Cambodia Sees 18% Surge in Construction Material Imports, Reaching US$750m in First Half of 2024
- 19 July 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 million, a 50% increase. The rise in construction material impor...
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Chinese Venture Capitalists Warn IPO Freeze Will Hinder Tech Innovation
- 18 July 2024
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 init...
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Analysts Doubt Efficacy of China’s US$43.5 Billion Housing Initiative
- 14 July 2024
China's latest US$43.5 Billion housing initiative targets the country's vacant property crisis, but analysts argue it’s insufficient to resolve the ongoing issues that have plagued the sector for nearly three years. The initiative, announced last Friday, aims to fund bank loans for state companies to purchase unsold housing stock, but concerns remain about the measure's limited scale and potential...
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CCA Board Invited to Prominent China-ASEAN Electric Power Equipment Conference
- 13 July 2024
The 2024 China (Chongqing) - ASEAN Electric Power Equipment Manufacturing Industry Conference on Innovation and Cooperation commenced in Fuling, Chongqing, aiming to foster green development and regional prosperity by inviting international investors to explore business and investment opportunities. This significant event took place on 9 July 2024, as per the Ministry of Information's press releas...
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