The National Bank of Cambodia. (Source: Panoramio)
Phnom Penh (VNA) 🔥– The bankingsystem of Cambodia is thriving, contributing to the country’seconomic growth, the National Bank of Cambodia (NBC) has reported.
A new report released by the NBC showed thattotal assets of Cambodian banks hit 27.8 billion USD by the end of 2016, whiletheir credits and deposits reached 17.6 billion USD and 15.4 billion USD,respectively. Given the fiercer competition in the Cambodiabanking market, lending rates have fallen consecutively as banks’ averagelending rate in the US dollar dropped from 17 percent in 2015 to 11.8 percentlast year. The NBC is optimistic about the country’sexpansion of economic activities in 2017, since the Cambodian Government is speedingup comprehensive structural reform in all sectors as well as its integration intothe ASEAN Economic Community. The country’s strategic location, continued taxpreferences for exports to the EU and US markets and young workforce areconsidered as important factors that will fuel Cambodia’s growth. According to forecasts by internationalfinancial institutions such as the International Monetary Fund (IMF), the WorldBank (WB), the Asia Development Bank (ADB) and the Cambodian Government, Cambodia’seconomy is projected to expand by 7 percent in 2017. -VNA
Cambodian Prime Minister Hun Sen and Singaporean President Tony Tan Keng Yam witnessed the signing of two MoUs on vocational training and health care on January 9 after their talks in Phnom Penh.
The Trapeng Krean – Nongnok Khean international border gate pair, the first of Cambodia and Laos, officially opened on January 10 with the aim of promoting trade and tourism between the two ASEAN neighbours.
The Cambodian media reported on January 11 that the country’s average income per capita was 1,288 USD last year, higher than 1,070 USD recorded in 2015.
Cambodia has exported 540,000 tonnes of rice in 2016, up 0.7 percent from the previous year, but far below the target of one million tonnes set by the Government.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
The National Bank of Cambodia. (Source: Panoramio) 
