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Cambodia: Banking shows steady growth

Cambodia’s financial sector saw healthy growth last year with increased deposits and profits amid slower credit growth, reflecting sustainable development and increased public confidence in the sector, according to a recently released central bank report. According to the National Bank of Cambodia’s (NBC) annual supervisory report, deposits in the country’s banks rose by 21.8 percent […]

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Vietnamese firm to invest in massive casino

A little-known Vietnamese investment firm plans to build a massive $200 million mixed-use development that includes a hotel, casino and water park in the dusty Cambodian border town of Bavet through its fully-owned Malaysian subsidiary, a government official confirmed yesterday. The first phase of the project, dubbed Empire World City, will be constructed on approximately […]

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Cambodia: Rice exports flatten out

Milled rice exports were close to 170,000 metric tons in the first three months of this year, an increase of three percent over the same period last year, official figures show. The rise came after exports in March fell by 16 percent and exports in January and February rose 10 percent and 17 percent respectively. […]

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Cambodia: World Bank predicts GDP growth easing

The World Bank has predicted that Cambodia’s GDP will grow at a more modest 6.9 percent this year and next, and slow slightly to 6.7 percent in 2019. However, its prediction is lower than the Asian Development Bank’s flagship annual economic publication, Asian Development Outlook 2017, which forecast Cambodian GDP to grow by 7.1 percent […]

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Cambodia: PM: Economy is resilient

The Cambodian economy continues to be resilient in the midst of global uncertainty, with a healthy GDP growth of seven percent, and with further prospects for improvement, said Prime Minister Hun Sen in his Khmer New Year address to the nation yesterday. “Despite all the challenges – both internal and external – our economy has […]

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Cambodia: Trade with Vietnam ramps up

Cambodia and Vietnam made progress toward ambitious economic targets after trade between the countries rose 21.2 percent in the first two months of this year, worth about $624.1 million. Thach Du, Vietnamese ambassador to Cambodia, told local media his nation was Cambodia’s third largest trade partner last year, while bilateral trade between the countries hit […]

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