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ខ្មែរ Business and Market
7-Eleven Sets Ambitious Plan to Expand with 40 New Branches in Cambodia by the End of 2023
- 21 June 2023
Leading convenience store chain, 7-Eleven, operated by CP All, has unveiled an ambitious plan to open 40 new branches in Cambodia by the close of 2023, aiming to reach a milestone of 100 branches in the country. As reported by Thailand's The Nation on 17th June, this expansion demonstrates 7-Eleven's commitment to cater to Cambodia's thriving consumer market and tap into the country's impressiv...
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Elevating Economic Ties: Cambodia and UAE Forge Comprehensive Economic Partnership Agreement
- 11 June 2023
In a momentous stride towards enhancing economic cooperation and fostering greater investment opportunities, Cambodia and the United Arab Emirates (UAE) have officially signed a Comprehensive Economic Partnership Agreement (CEPA). The signing ceremony, presided over by Samdech Hun Sen, Minister of Cambodia, witnessed the presence of HE Pan Sorasak, Minister of Commerce, and HE Thani Bin Ahmed Al Z...
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The Gov’t announces the sale of Cambodia’s First Sports Village to Hit the Real Estate Market Post-Paralympic Games
- 10 June 2023
PM Hun Sen has made an exciting announcement regarding the upcoming sale of Cambodia's inaugural sports village following the conclusion of the highly anticipated SEA Games and Para Games. This revelation was shared during the momentous groundbreaking ceremonies for the Phnom Penh-Bavet Expressway and the bridge spanning the majestic Mekong River on June 7, 2023. PM Hun Sen confirmed that the p...
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Cambodia Securities Exchange Flourishes with Nine Companies Accumulating US$1.8 Billion in Capital
- 2 June 2023
As of the conclusion of the first quarter of 2023, the Cambodia Securities Exchange (CSX) proudly showcases a robust lineup of nine companies, collectively boasting an impressive capitalization of 7.61 trillion riels (equivalent to US$1.88 billion). These figures are derived from the recently published securities trading data bulletin for the first quarter of 2023, highlighting the remarkable grow...
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Cambodia and UK Forge Strategic Alliance to Elevate Bilateral Trade, Aiming for US$1 Billion Milestone by 2022
- 27 May 2023
In a resounding display of mutual commitment, the Ministry of Commerce of Cambodia and the Ministry of Commerce of the United Kingdom have recently inked a momentous Memorandum of Understanding (MoU). This agreement paves the way for the establishment of a joint trade and investment forum, aimed at expanding bilateral trade between the two nations. Notably, the trade volume between Cambodia and th...
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Sihanoukville Special Economic Zone: A Thriving Hub Attracting 175 Investors and Creating 30,000 Jobs
- 16 May 2023
In an impressive display of growth and economic vitality, the Sihanoukville Special Economic Zone (SSEZ) has emerged as a coveted destination for international investors. With 175 enterprises from various countries, including China, Europe, the United States, and Southeast Asia, the economic zone has generated nearly 30,000 employment opportunities for local communities, fueling the region's progr...
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PM Proposes Study on Agricultural Wholesale and Retail Markets to Boost Farmers’ Opportunities
- 15 May 2023
In a move to enhance market access for farmers and provide a platform for selling their agricultural produce, Samdech Hun Sen, the Prime Minister of Cambodia, has suggested conducting a comprehensive study on the establishment of wholesale and retail markets for agricultural products across the capitals and provinces. During the graduation ceremony of agricultural graduates held at the esteemed...
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Cambodia and Japan Plan to Establish More Private Business Centers as Trade Volume Exceeds US$2.4 Billion
- 5 May 2023
The bilateral trade volume between Cambodia and Japan is set to surpass US$2.4 billion in 2022, prompting discussions to establish more Cambodian private business centers by 2023. This was announced during the opening ceremony of the "Cambodia Expo 2023" event held in Tokyo on May 3, 2023. According to HE Chhuon Dara, Minister Delegate to the Prime Minister and Secretary of State of the Ministr...
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Singapore Doubles Property Tax for Foreign Buyers in Effort to Cool Market
- 30 April 2023
In a move to address concerns over the affordability of housing for locals and maintain its position as a competitive financial hub, Singapore has raised taxes on property purchases. The Ministry of Finance, National Development Ministry, and Monetary Authority of Singapore have jointly announced that stamp duties for foreign buyers will increase from 30% to 60%. While Singaporeans and permanen...
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OCIC and BIG C Join Forces to Bring Top-Notch Shopping Experience to Chroy Changvar Satellite City
- 25 April 2023
OCIC, one of Cambodia's most prominent developers, has recently signed a memorandum of understanding with BIG C Shopping Mall from Thailand to bring the top brand to the new Chroy Changvar satellite city, situated north of Phnom Penh. According to a press release by OCIC on 22 April 2023, the BIG C shopping mall project will be built on a 2.7-hectare site near the Neang Temmcha roundabout on th...
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