Some managers and entrepreneurs have talked about business prospects for Cambodia in 2020 in recent interviews of Cambodia’s English-language newspaper Khmer Times.
A display of lights near the Independence Monument in Phnom Penh. (Source: Khmer Times)
Phnom Penh (VNA) – Some managers andentrepreneurs have talked about business prospects for Cambodia in 2020 inrecent interviews of Cambodia’s English-language newspaper Khmer Times.
Ken Loo, secretary-general of the GarmentManufacturers Association in Cambodia, said the garment-textile sector in 2020will depend much on the outcome of the decision of the European Union on theEverything But Arms (EBA) trade deal.
“If the EBA is retained, our sector shouldbe able to continue to experience growth,” he said.
“We should continue to see a revival in exportsto the USA – our exports should continue to experience decent growth to theUSA. We expect to see more investors in both garment and travel goods nextyear.”
He added that the sector will continue focusingon improving productivity and efficiency as well as invest more in training andincreasing skills for workers.
Meanwhile, In Channy, president and groupmanaging director of ACLEDA Bank and president of the Association Bank ofCambodia (ABC), said the financial sector performed well in 2019 and it willcontinue enjoying a healthy growth rate in 2020 thanks to political stabilityand favourable macro-economic situation.
“In 2020, we foresee that the outstandingloans and deposits will increase around 10 percent and 12 percent respectively.The growth will depend solely on the overall economic growth, peace andstability. Our growth plan is dependent on the economic growth of Cambodia,” hesaid.
Ha Jong Weon, vice-chairman and chief operationsofficer of the Cambodia Securities Exchange (CSX), said the CSX performed wellin 2019. The daily average trading was 73.55 million USD in the first 11 monthsof 2019, while it was only 2.92 million USD in the same period of 2018, hecited.
“Our mission in 2020 is to find a techcompany to join the stock market,” he said./.
Vietnam and Cambodia hold substantial potential for cooperation in economy, trade, investment, tourism and other fields, Vietnamese Ambassador to Cambodia Thach Du said.
Vietnam and Cambodia could make their two-way trade value at 7-8 billion USD by 2020 as they have established sound cooperation across sectors and their governments have regularly taken measures to remove difficulties for businesses, Prime Minister Nguyen Xuan Phuc said.
Vietnam’s exports to Cambodia exceeded 3 billion USD last year, setting a record high in a decade and opening up opportunities for local firms to capitalise on untapped potential of the neighbouring market, statistics show.
A Vietnam – Cambodia business cooperation forum and a caravan tour for Vietnamese and Cambodian businesspeople will take place in Cambodia from December 5 – 8, heard a press conference in the Mekong Delta city of Can Tho on November 1.
A Vietnam – Cambodia business cooperation forum was held in Phnom Penh on December 6, focusing on how to boost trade efficiency and protect the legitimate interests of enterprises, as well as experiences in completing procedures for cross-border goods.
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.
A display of lights near the Independence Monument in Phnom Penh. (Source: Khmer Times) 
