Cambodia’s remarkable economic growth has allowed the country to emerge from its war-torn past and build a thriving financial system based largely on microfinance. Peter Janssen reports.
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Chea Serey, director-general of the National Bank of Cambodia, talks to Peter Janssen about building a post-conflict banking environment and not signing up to Basel.
As Thailand loses some of its allure, Japan’s big banks are following their corporates into Cambodia, Laos, Myanmar and Vietnam, using their Thai subsidiaries as strategic partners. Peter Janssen reports.
Vietnam is on its way to becoming a heavyweight presence in south-east Asia, with the top ranking for asset growth, while Indonesia retains its crown as the most profitable country in the region.
As the Association of South-east Asian Nations enters the last year in the run-up to its planned economic integration, Singapore, Thailand and Malaysia are on track to harmonise their capital markets, while others are dragging their feet.
The Greater Mekong Delta sub-region of Cambodia, Laos, Myanmar, Thailand and Vietnam has been posting stellar growth figures in recent years, and looks set to continue this trend. However, each country within the region has its own social, political and economic hurdles to overcome. Stefania Palma reports.
The relatively small economies of Vietnam and Cambodia are punching above their weight in terms of growth in The Banker’s latest Association of South-east Asian Nations ranking. Meanwhile, Singapore’s banks retain their dominance in the ranking in terms of Tier 1 capital.
Cambodia's government-engineered slowdown after five years of unsustainable economic growth could not have been implemented at a worse time, coming as it did just before the global financial crisis. Consequently the crisis has hit Cambodia's banks hard, though just how hard is a matter of some debate between the IMF and the country's senior bankers. Writer Brian Caplen