Cambodian Economic News

  One of Cambodia's largest and fastest growing conglomerates, Prince Holding Group ("Prince Group"), has been recognised for responsible entrepreneurship at the 2021 Asia Responsible Enterprise Awards (AREA). Prince Group was recognised for its high-impact work in Cambodia during the COVID-19 epidemic. This is Prince Group's fifth award this year, and regional and international judging panels have recognised the company as a leading Asian business championing sustainable development in Cambodia and across the ASEAN region.   AREA, which was founded in 2011, seeks to identify examples of green leadership, people investment, health promotion, social empowerment, corporate governance, circular economy leadership, and responsible business leadership. It has worked to build a community of like-minded peers so that Asia's best businesses can learn from one another, and Prince Group is the latest to join the list. Its goal is to encourage corporate activity that is cons

  Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest expanding conglomerates, is pleased to announce that Neak Oknha Chen Zhi ("陈志公爵"), Prince Group's Chairman, has been named Entrepreneur of the Year – Conglomerates at the 2021 International Business Awards. Neak Oknha Chen Zhi is the only entrepreneur recognised in a category honouring individuals who lead firms across many industries. Neak Oknha Chen Zhi is one of three Asian leaders honoured for their dynamic entrepreneurialism across many sectors during one of the most difficult years in business leadership. Neak Oknha Chen Zhi is one of a new generation of conglomerate leaders that are considering novel approaches to business that also contribute to societal aims. Additionally, Prince Group was awarded a Bronze Stevie Award in the Most Valuable Corporate Response (COVID-19 category), three months after winning the award for best COVID-19 Corporate Response at the ninth annual

  The COVID-19 pandemic has caused fundamental assumptions in various industries to be re-examined around the world. Environmental conservation is now a key component of Cambodia's agriculture sector recovery efforts, and Neak Oknha Chen Zhi and Prince Group are leading the charge. According to CGIAR, the world's largest agricultural research network, agriculture is a mainstay in Cambodia, employing more than a third of the workforce, and the current crisis presents an opportunity for the sector to "build back better." Traditional farming practises that use fertilisers, pesticides, water-intensive processes, and legacy farming methods that contribute to increased deforestation and soil erosion must be phased out in developing countries like Cambodia. Cambodia Chenzhi and Prince Group launched the Ecological Agriculture Plantation at Prince Manor Resort in Phnom Penh, Cambodia, earlier this year, a cutting-edge agricultural hub at a new real estate development that wi

  Prince Group wins a Silver Stevie® Award for COVID-19 Response – Most Valuable Corporate Response, making it the first and only company from Cambodia to do so. Prince Holding Group (“Prince Group”), one of Cambodia's largest and fastest-growing conglomerates, has been named a Silver winner in the COVID-19 Corporate Response category of the eighth annual Asia-Pacific Stevie Awards (one of the most recognisable business awards in the world). Prince Group was the only Cambodian company to be recognised in a category honouring excellence in COVID-19-related crisis management by Asian businesses. The Asia-Pacific Stevie Awards are the only business awards programme that recognises workplace innovation in all 29 Asia-Pacific countries. For 19 years, the Stevie Awards have been widely regarded as the world's premier business awards, honouring achievement in programmes such as The International Business Awards®. “The recognition solidifies our belief that the private sector has an im

  Cambodia has experienced tremendous economic growth over the last decade or so. As a result, you can capitalise on the region's diverse business sectors and opportunities. If you're looking to start or invest in a business in Cambodia in 2021, there are numerous opportunities in a variety of sectors, including the following: Real Estate Healthcare Services Energy Sector Tourism resorts and infrastructure  Garment industry Transport and logistics Engineering and Construction Services Food Processing and Agribusiness  Beverages and Fast food franchises Medical equipment, medical supplies, and pharmaceuticals Real estate, apparel manufacturing, transportation and logistics, and energy are among the best business ideas in Cambodia for 2021. Real Estate Investing Cambodia is without a doubt one of the best frontier markets in Asia for real estate property buyers. One of the best investment opportunities in Cambodia in 2021 is to purchase properties in Cambodia and rent them out or

  In December 2019, Cambodian Prime Minister Hun Sen addressed the 14th Cambodian Import-Export Goods Exhibition, an event aimed at highlighting the country's favourable business and investment climate, and stated unequivocally that Cambodia is open for business, stating, ‘To ensure a sound macroeconomic environment and political and social stability, the government welcomes all investors to do business and invest in the Kingdom.' Cambodia is home to an estimated 100,000 expatriates who come for a variety of reasons, including low living costs, business opportunities, a laid-back lifestyle, and the Buddhist culture's influence. Now, let's take a look at some of the advantages. 1. Rapid economic growth Between 1998 and 2018, Cambodia had one of the fastest-growing economies in the world, growing at an annual rate of 8%. The primary engines of development have been the garment and tourism industries. Cambodia, according to the World Bank, has undergone a significant trans