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ខ្មែរ Business and Market
Korean investors allowed to own 100% share of private companies in Cambodia
- 17 January 2023
The Cambodian government has allowed Korean as well as other foreign investors to own 100% of the shares without requiring local shares, Cambodia Prime Minister Samdech Hun Sen emphasized the incentive while urging more foreign investment. PM Hun Sen gave that statement during the meeting with former Deputy Prime Minister of South Korea Dr Ou Myung on 14 January 2023. PM Hun Sen added Cambod...
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Chinese display maker BOE to invest US$400m to build two factories in Vietnam
- 17 January 2023
Chinese display maker BOE Technology Group Co Ltd, a supplier of both Apple Inc and Samsung Electronics Co Ltd, plans to invest up to US$400 million to build two factories in Vietnam. According to Reuters, BOE is in talks to rent dozens of hectares of land in north Vietnam to add to its relatively small plant in the south that supplies mostly television screens to South Korea's Samsung and LG E...
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CSX Raises Over US$54million in Capital in 2022, 133% Y-o-Y Increase
- 17 January 2023
In 2022, the Cambodia Securities Exchange (CSX) raised a total capital of over 222 billion riels or US$ 54 million, an increase of 133% compared to 2021, according to a press release by CSX on 11 January 2023. Most of this capital came from the issuance of bonds, of which corporate bonds accounted for 63% and state securities accounted for 32%. In 2022, CSX also listed a total of seven new...
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Cambodia, S. Korea Vow to Further Strengthen Cooperation as Bilateral Trade Reaches US$5bn
- 14 January 2023
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 expressed a strong will to further strengthen an...
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Mid-Range & Affordable Housing Still in High Demand in 2023
- 13 January 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 supply of this type of house compared to the actual demand, especially in Phnom P...
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Cambodia Imports Approx US$360m of Iron & Steel in 2022
- 10 January 2023
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. The increase in the import value of iron and steel came amid ...
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US retailer Walmart mulls expanding business in Cambodia
- 6 January 2023
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 strengthen business and investment partnerships in Cambo...
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Gov’t Provides US$89 million in Loans to SMEs as of 2022
- 4 January 2023
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 and large enterprises, to increas...
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Gov’t boosts cement plant investment to meet growing demand
- 30 December 2022
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 Sen said that Cambodia currently produces about 9 m...
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300 trust transactions worth over US$426m recorded in Cambodia as of Dec 2022
- 19 December 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 Trust Law is enforced to set out rules ...
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