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Wing Bank and Cambodia Chamber of Commerce Drive Export Growth to China
What’s NewWing Bank backs the CCC’s initiative to help Cambodian businesses tap into the Chinese market.
The Cambodia Chamber of Commerce (CCC) and Wing Bank recently co-hosted the Workshop on Export Requirements and Trade Facilitation to the People’s Republic of China, equipping Cambodian businesses with the knowledge and financial tools needed to tap into China’s rapidly growing market. The event brought together over 100 industry leaders, policymakers, and stakeholders, offering valuable insights into export procedures, trade facilitation, and tailored financial solutions for international trade.
As Cambodia’s third-largest export partner, China plays a pivotal role in the country’s economic growth. According to the General Department of Customs and Excise of Cambodia, Cambodian exports to China surged to $1.75 billion in 2024, reflecting an impressive 18.4% year-on-year increase. With China’s immense purchasing power, the workshop served as a timely initiative to help businesses refine their export strategies and capitalize on emerging opportunities in the Chinese market.
Oknha Kouch Pheng, Vice President of the CCC, emphasized the significance of the initiative, stating that the workshop bridges the gap between regulators and exporters by providing businesses with a clear roadmap for navigating export procedures, documentation, and available resources. He highlighted that this effort is a critical step in helping businesses overcome challenges and expand their market reach. Oknha Kouch Pheng also praised Wing Bank for its instrumental role in driving business growth and strengthening Cambodia’s trade position on the global stage.
The export workshop series will continue throughout 2025, with upcoming sessions focusing on other key trade partners, including South Korea in March, Japan in June, Australia in September, and Canada in December. With over 500 businesses expected to benefit, these events aim to enhance Cambodia’s export ecosystem and boost its global competitiveness.
As a key financial partner, Wing Bank reaffirmed its commitment to empowering exporters with innovative financial solutions. Dmytro Kolechko, CEO of Wing Bank, underscored the bank’s dedication to facilitating global trade, stating that Wing Bank goes beyond traditional banking to provide tailored financial solutions for international trade. From seamless transaction facilitation and risk management to customized financing, the bank is committed to helping businesses expand into China and beyond.
To support cross-border trade, Wing Bank offers a comprehensive suite of trade financial services, including Letters of Credit (L/C) for secure payments transactions, Documentary Collection for the handling of documents against payment or acceptance, Bank Guarantees (BG) to ensure payment in the event of applicant defaulted in contract obligation, Pre- & Post-Shipment Financing to help exporters access working capital against an Export Letter of Credit, competitive SWIFT Transfer Services with free inward transfers, unmatched FX solutions for cross-currency transactions, and digital commerce enhancements through Wingmarket and Wingmall—all designed to streamline trade operations and bolster Cambodia’s supply chain ecosystem.
The collaboration between the CCC and Wing Bank marks a significant milestone in strengthening Cambodia’s trade relations with China and beyond. By providing essential resources, financial solutions, and strategic guidance, this initiative paves the way for sustainable economic growth, empowering Cambodian businesses to compete on the global stage. As Cambodia deepens its integration into the international economy, such efforts will be crucial in ensuring long-term success in an increasingly interconnected world.
