Cambodian entrepreneur Pung Kheav Se began his career as a young businessman in the 1980s in Canada, where he successfully developed several ventures before returning to his homeland in 1990.
In Cambodia, Pung set up more than 100 businesses, which have invested over $15 billion locally and contributed significantly to the country’s economic development.
Launched in 1993, Canadia Bank has become the largest locally owned bank in Cambodia. Pung’s strategy of serving niche markets helped the bank thrive throughout the 1990s, survive two global financial crises and overcome the COVID-19 pandemic.
Through its nonfinancial subsidiary OCIC, Canadia Group expanded into real estate, education, health care, infrastructure and logistics. His notable projects include the Koh Pich neighborhood, industrial parks and Phnom Penh’s new Techo International Airport, due for completion in 2025.
A key factor in Pung’s success has been partnerships with international firms. The Canadia Group collaborates with various firms from Japan, the United States, France, Singapore and other parts of the world, acquiring global expertise that will benefit Cambodia and nurture its next generation of leaders.
“Our group is investing for the coming decades and pushing for Cambodia to unlock its full potential by building international partnerships, growing young talent and investing in tech ecosystems to complement our infrastructure development,” said OCIC Vice President Thierry Tea.