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Pung Kheav Se (Khmer: ពុង ឃាវសែ; Chinese: 方侨生) is a Cambodian businessman, investor and philanthropist. He is the founder and chairman of Canadia Group, a multinational conglomerate which counts among its sectors OCIC and CIH. In addition, he founded Canadia Bank, one of Cambodia's oldest and largest commercial banks in terms of assets and net holding.[1]
Pung Kheav Se | |||||||
|---|---|---|---|---|---|---|---|
ពុង ឃាវសែ | |||||||
 Pung in 2022 | |||||||
| Born | 1948 | ||||||
| Nationality | Cambodian | ||||||
| Alma mater | Royal Academy of Cambodia (DBA) | ||||||
| Occupation(s) | Businessman, investor, philanthropist | ||||||
| Years active | 1991–present | ||||||
| Known for | Founder and Chairman of Canadia Group, Overseas Cambodian Investment Corporation (OCIC), and Canadia Investment Holdings (CIH) | ||||||
| Board member of | Canadia Bank | ||||||
| Chinese name | |||||||
| Simplified Chinese | 方僑生 | ||||||
| Traditional Chinese | 方侨生 | ||||||
| |||||||
| Website | OCIC | ||||||
Early life
editPung was born in the early 1940s and is a Cambodian of Chinese Teochew descent. With the country taken over by the Khmer Rouge in 1975, Pung fled to neighbouring Thailand to seek refuge in a Thai refugee camp. After leaving the camp in 1980, Pung soon secured a job as a salesman and later became a goldsmith in Montreal, Canada where he would spend the next eleven years of his life until his return to Cambodia in the early 1990s.
Business career
editEarly business career
editPung started his career as a goldsmith operating from a small kiosk in a grocery shop in Montreal, Canada's Chinatown. Later on, his business would continue to expand and include other services such as remittances and money transfer services as more and more Overseas Cambodians from Canada began to remit money back to Cambodia.[2]
Returning from Canada to Cambodia
editIn 1991, Pung returned to Cambodia, where he began offering financial services and issuance of gold coins with the establishment of the Canadia Gold & Trust Corporation, a joint venture between Pung and the National Bank of Cambodia which would later become Canadia Bank. In the years that followed, Pung served as a longtime Chairperson of the Association of Banks of Cambodia and has since been renowned as Cambodia's banking pioneer and foremost financial magnate.[2]
Canadia Bank
editUpon his return to his country of birth, Pung returned to the Kingdom and in that same year opened the Canadia Gold & Trust company, a joint venture between Dr. Pung and National Bank of Cambodia to provide services such as issuance of gold coins and other financial services.[3]
In 1995, the Canadia Gold & Trust business would become Canadia Bank after securing a commercial license to operate one of Cambodia's first commercial banks. Since its inception and privatisation in 1998, Canadia Bank has grown into one of the largest commercial banks in the Kingdom with total assets amounting to US$7.6 billion with a net profit of US$129 million as of 2021.[1]
Overseas Cambodian Investment Corporation
editWith a diversified business interest, Pung's venture into non-financial services and solutions led to the creation of one of Cambodia's largest investment and development companies with various property development projects such as Sorya Shopping Center, Cambodia's first ever mall, Canadia Tower, the Kingdom's first skyscraper, Koh Pich, Chroy Changvar Satellite City, the 2,600 hectare Techo International Airport slated to become one of the world's largest airports.[4]
Since 2020, Dr. Pung's OCIC Group and its affiliates has invested an estimated US$5 billion in numerous public and social infrastructure projects throughout Cambodia with more projects in works such as Norea City, the Kong Sam Ol Overpass,[5] the Russey Keo Bridge and Russey Keo Flyover, the Koh Norea Bridge[6] and more to come.[7]
Philanthropy
editIn 2020 and 2021, Pung made significant contributions in support of Cambodia's fight against COVID-19 by donating a total of US$8 million in the purchase of vaccines, support of general activities and the expansion of health-related facilities.[8]
Awards
editIn 2002, Pung was awarded the Mahaserey Vattanac Award by the His Majesty, the late Norodom Sihanouk, King-Father of Cambodia, and The Highest National Contribution Medal awarded by His Excellency, Prime Minister Hun Sen and presented by His Majesty, King Norodom Sihamoni of Cambodia in 2012.[9]
List Company under Pung Kheav Se
edit| Names | Companies Type | Net Worth |
|---|---|---|
| Canadia Bank | Financial | $7.9 billion |
| Olympia City | Real Estate | $500 million |
| Chroy Changvar Satellite City | Real Estate | $1.6 billion |
| Koh Norea Satellite City | Real Estate | $2.5 billion |
| Canadia Industrial Park | Special Economic Zone | $115 million |
| Phnom Penh New International Airport | Aviation | $1.5 billion |
| Diamond Island (Koh Pich) Satellite City | Real Estate | $1.1 billion |
References
edit- ^ a b "About Canadia Bank - Cambodia". canadiabank.com.kh. Retrieved 2023-08-03.
- ^ a b "Neak Oknha Dr Pung Kheav Se the man, his dreams and his success at Canadia". www.khmertimeskh.com/. 24 November 2019. Retrieved 2024-03-07.
- ^ "Building a banking legacy". www.phnompenhpost.com. Retrieved 2024-03-07.
- ^ "Construction of new Phnom Penh airport on schedule". Bangkok Post. Retrieved 2024-03-07.
- ^ "PM breaks ground on $47M flyover job for Phnom Penh". www.phnompenhpost.com. Retrieved 2024-03-07.
- ^ "New bridges elevate eastern Kingdom's economic growth". www.phnompenhpost.com. Retrieved 2024-03-07.
- ^ "Neak Oknha Pung Kheav Se boosted Cambodia's construction sector with US$5 billion and more to come". www.construction-property.com. 11 March 2020. Retrieved 2024-03-07.
- ^ "Neak Oknha Dr. Pung Kheav Se, Chairman of the Board of Director of CPBank has donated a total of $8 million to the Royal Government of Cambodia to prevent COVID-19 pandemic". www.cambodiapostbank.com.kh. Retrieved 6 January 2014.
- ^ "Pung Kheav Se CamTech University". www.camtech.edu.kh. Retrieved 6 January 2014.