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MB to set up commercial bank in Cambodia

The State Bank of Vietnam (SBV) has issued a written document allowing the Military Commercial Joint Stock Bank (MB) to establish a 100 percent-owned bank in Cambodia on the ground of its branch in Phnom Penh. Accordingly, MB Cambodia Bank, Public limited Company (MBCambodia) is headquartered at No 146, Preah Norodom Avenue, Tonle Basak ward, […]

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Cambodia’s milled rice export up 16% in H1

Cambodia exported 327,000 tonnes of milled rice in the first semester this year, an increase of 16 percent compared to the same period last year, earning the country $279 million, according to a report by the Cambodia Rice Federation (CRF). China remained the Kingdom’s biggest export market for the milled rice export during the period, […]

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Cambodia: Sihanoukville SEZ H1 trade surges 38%

The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) in the country registered a 38 percent year-on-year increase, according to reports. The economic zone posted trade valued at $1.37 billion in the first half of this year. The SSEZ, jointly developed and constructed by private companies from both Cambodia and […]

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Swire buys Coca-Cola’s Cambodia, Vietnam operations

Hong Kong-based Swire Pacific has announced it is buying the packaging and distribution operations of Coca-Cola Company’s bottling plants in Cambodia and Vietnam for $1.02 billion. The deal will see Swire buy Coca-Cola Indochina through its Swire Beverages and Swire Coca-Cola units from Coca-Cola’s (KO) subsidiary in Japan, a release said. The deal will “expand […]

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