ICBC Launches First Branch in Phnom Penh in NovemberSeptember 21, 2011 (Vietnamica) – China’s largest bank, the Industrial and Commercial Bank of China (ICBC), has already received the operating license from the National Bank of Cambodia to open a branch in Cambodia and the bank planned to launch the first branch in Phnom Penh in November, Xinhua reported on Sept 21.
The Cambodian Economy: A GlanceSeptember 17, 2011 (Vietnamica) – Cambodia’s economy has been growing rapidly but is still weak compared with other countries in the region. Its gross domestic product (GDP) rose 5.9 percent year-on-year to reach US$11.44 billion in 2010, a growth rate slower than Thailand’s 7.8-percent increase and below the 6.8-percent rise seen in Vietnam.
September 17, 2011 (Vietnamica) – Relations between China and Cambodia have grown closer in recent years, with Beijing investing billions of dollars in the Southeast Asian nation to help boost its economy.
Cambodia: Angkor Wat Temples Receives Over 1 Mln Foreign Visitors in 8 MonthsSeptember 16, 2011 (Vietnamica) – Cambodia’s Angkor Wat temples, one of the World Heritage sites, had received 1.05 million foreign visitors in the first eight months of this year, 24 percent rise from 843,000 visitors in the same period last year (Xinhua, Sept 16).
Yingluck, Thaksin to Visit Cambodia Next Week; Bilateral Relation to ImproveSeptember 10, 2011 (Vietnamica) - The one-day visit of the newly elected Thai Prime Minister Yingluck Shinawatra to Cambodia on Sept 15 would definitely ameliorate diplomatic ties between the governments of the two neighbors, said Cambodian Deputy Prime Minister Sok An (Xinhua, Sept 9). Thaksin Shinawatra will arrive in Phnom Penh one day after his sister to talk to the Cambodian government (Bangkog Post, Sept 10).
September 9, 2011 (Vietnamica) – “Laos is a new frontier for US companies,” Coca-Cola general manager for Laos and Thailand, Jorge Garduno, said in a statement from the Business Council, which represents more than 100 major American firms.
