VOD: Economy

Macroeconomic Indices Shown by Government Contrast Sharply with Citizens’ Debt Crisis Reality

In the context of the Cambodian economy between 2024 and 2026, a stark contradiction is observed between seemingly positive macroeconomic growth and a widespread household-level insolvency crisis. According to an International Monetary Fund (IMF) report released in late 2024, the Royal Government of Cambodia maintained a remarkably low public debt-to-GDP ratio of approximately 26.6%.

Sokret Puthi Mar 15, 10:01 pm

Cambo Handsome factory in Phnom Penh. (Supplied)

Union Seeks Help in Resolving Dispute Over 1,700 Dismissed Workers

A garment workers’ union is seeking help from the Ministry of Labor in resolving a stalled dispute over the sudden termination of 1,700 Phnom Penh factory workers earlier this month but has yet to reach a solution.

Khut Sokun Feb 9, 4:34 pm

Cinlon International in Kampong Speu. (Supplied)

Cinlon Workers Allege Union-Busting in Complaint to Labor Minister

Three workers’ representatives from a Kampong Speu bag factory filed a complaint to the Labor Ministry, alleging their termination was an act of union-busting.

Khut Sokun Feb 6, 6:33 pm

Thom Tuol Sangke market in 2021. (Covid-19 subcommittee Facebook page)

Tuol Sangke Market Vendors Assemble Over Incitement Questioning

Three hundred Tuol Sangke market vendors gathered outside the Interior Ministry this week to support three fellow vendors who were being questioned for alleged incitement for protesting new market rental rates.

Khut Sokun Feb 3, 3:03 pm

An advertisement for an informal loan plastered to a pole in Battambang. (Ananth Baliga/VOD)

Authorities Vow Loans Crackdown Over ‘Excessive Debt,’ ‘Financial Stability’

Aggressive, exorbitant and misleading lending is mushrooming across social media and mobile phone services, damaging livelihoods and the country’s financial stability, the central bank and National Police said on Thursday, pledging legal action against the lenders.

Mech Dara Feb 2, 7:04 pm

Teddy Teow Wooi Huat arrives for a signing event between his company MFace and low-case air carrier AirAsia, in a photo posted to MFace's Facebook page on June 11, 2013.

Alleged Malaysian Scammer Had Operations in Cambodia

A Malaysian businessman facing extradition from Thailand to China over money laundering and online gambling tried to recruit investors in Cambodia.

Danielle Keeton-Olsen Jan 31, 5:28 pm

A NagaWorld protester in Phnom Penh on September 16, 2022. (Hean Rangsey/VOD)

Brief: ABA Says It Can’t Talk About NagaWorld Accusations

An ABA Bank spokesperson said they cannot talk about client information after three NagaWorld casino workers alleged that the bank blocked international transactions to their accounts last October.

VOD Staff Jan 30, 6:34 pm

An aerial view of the Ministry of Economy and Finance posted to its Facebook page.

Finance Ministry Says It’s ‘Normal’ as Program Budget Jumps $650M

The Finance Ministry deflected questions about a spike in the cost of “public finance management” from $13 million to $671 million, which an asterisk on a ministry document appears to show now incorporates debt repayments.

Ngay Nai Jan 30, 4:20 pm

ABA ATMs in Phnom Penh in May 2022. (Roun Ry/VOD)

Banks Block Overseas Transfers to NagaWorld Union Strikers

NagaWorld union members are alleging that ABA Bank blocked three transactions to their accounts from an overseas donor while giving various explanations about negative news of the union in the press or anti-money laundering measures.

Keat Soriththeavy Jan 26, 11:23 am

Workers at the Y&W Garment factory in Phnom Penh’s Dangkao district on March 3, 2021. (Tran Techseng/VOD)

Garment Exports Expected to Ease Amid Global Pressures: Economy Ministry

The government expects the critical garment sector to see a slowdown this year, with growth forecast to halve, as at least three factories have suspended thousands of workers for a seeming lack of orders.

Ngay Nai Jan 25, 7:48 pm

Economy