Cambodia and Vietnam strengthen trade ties with $20 billion goal

Economy and Industry

Cambodia and Vietnam strengthen trade ties with $20 billion goal Cambodia and Vietnam are intensifying their economic partnership with the ambitious goal of achieving $20 billion in bilateral trade. This collaboration reflects the growing interdependence between the two neighboring countries, which have seen significant increases in trade volume over recent years. Key exports from Cambodia to Vietnam include agricultural products such as rice, rubber, and cashews, while Vietnam supplies machinery, construction materials, and consumer goods. The two nations are also exploring opportunities to enhance connectivity through infrastructure projects, including expressways linking major cities. These developments are expected to facilitate smoother trade flows and attract investment. (Source: Khmer Times)

IMF predicts Cambodia's current account balance to improve The International Monetary Fund (IMF) has projected Cambodia's current account balance as a percentage of GDP to reach -2.26%. This forecast reflects a significant improvement compared to previous years, signaling a positive trend in the nation's economic health. The current account balance, which measures the difference between a country's savings and its investment, is a critical indicator of economic stability. Cambodia's progress in this area can be attributed to its robust export performance, particularly in the garment and agricultural sectors, which continue to drive foreign exchange earnings. Additionally, the country's tourism sector is gradually recovering from the impacts of the COVID-19 pandemic, further contributing to the improved balance. However, challenges remain, including the need to diversify exports and reduce reliance on a few key markets. (Source: Khmer Times)

Cambodia initiates energy efficiency project to combat climate change Cambodia has launched a groundbreaking initiative aimed at enhancing energy efficiency across various sectors. The Ministry of Mines and Energy (MME), in collaboration with the United Nations Capital Development Fund (UNCDF) and UNDP Cambodia, has launched the initiative titled 'Accelerating Energy Efficiency in Cambodia's Building Sector,' supported by the United Nations Joint SDG Fund. This initiative aims to enhance energy efficiency by tackling behavioral, regulatory, and market obstacles, while also providing the private sector with opportunities to access green financing. Supported by international organizations and local stakeholders, the initiative also seeks to raise awareness about the benefits of energy efficiency and foster a culture of sustainability. (Source: Khmer Times)

Corporate News

Chief Bank empowers SMEs with digital micro-lending platform Chief Bank has introduced a new digital micro-lending platform designed to support small and medium-sized enterprises (SMEs) in Cambodia. Chief Easy, the bank's digital micro-lending platform, contributes to advancing financial inclusion by enabling eligible users to apply for loans up to $5,000 without needing collateral, all through their smartphones. Loan decisions are processed within 24 working hours. Moreover, Chief Bank collaborates with major digital payment systems, such as the National Bank of Cambodia's Bakong system, KHQR, and Cambodian Shared Switch (CSS). Additionally, the initiative aligns with the Cambodian government's efforts to promote digital transformation and financial inclusion. By empowering SMEs, Chief Bank is not only fostering economic development but also contributing to the broader goal of building a resilient and inclusive financial ecosystem in Cambodia (Source: Khmer Times)

Stock Market

CSX ends April with modest gain; Trading volume hits 89,918 shares On 30 April 2025, the CSX Index gained 0.47%, closing at 411.4 points. On the Main Board, MJQE (+2.82%), GTI (+2.31%), PAS (+0.50%), CGSM (+0.41%), and ABC (+0.28%) led the gainers, while PEPC (-2.96%), PPSP (-0.47%), and PPAP (-0.42%) posted losses. PWSA remained unchanged. On the Growth Board, DBDE was flat, while JSL rose by 0.32%. Total trading volume for the day reached 89,918 shares, with a turnover of KHR 325 million. (Source: YSC Research)

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