Cambodian Economy Reviews

Giving speech at the 30th anniversary ceremony for the National Bank of Cambodia (NBC), which was reestablished after the topple of Khmer Rouge regime, the Prime Minister Hun said that despite Cambodia suffered from the global financial crisis, Cambodia’s foreign exchange reserves is up to US$2.522 billion by the end of August of this year.
“Today, [...]

WHEN the opening bell rang on the first day of trading at the Ho Chi Minh Securities Trading Centre on July 28, 2000, just two companies were listed. From the outset, trading was a muted process.
“It takes time – in the case of Vietnam, it took five years [to gather momentum],” says Hang Chuon Naron, [...]

The global financial crisis did not affect strongly the local commercial banks in Cambodia because most of banks don’t depend on foreign source of finance, and loans from other foreign banks and also don’t buy stocks in the international market. At the mean time, Cambodia has not yet created stock exchange. As Cambodia’s banking sector [...]

DESPITE the global financial crisis, Cambodia is still committed to launching a securities market by the end of this year, the finance minister said Wednesday at the official launch of the Securities and Exchange Commission of Cambodia.
“The launch of the securities market in Cambodia is still on the schedule for 2009, but a suitable date [...]