Research

Our research reports provide comprehensive, up-to-date
information and analysis on the Cambodian economy in regional
and global context, selected industries, and the equity market in Cambodia.

Market Update

In spite of the economic downturn, FDI increased 42% in H1

Foreign direct investment (FDI) inflows in Cambodia increased by 41.6% in the first half of 2023 compared to the same period in 2022. The Council of Ministers' plenary session on September 20 highlighted the positive FDI, expected to see the ...

Foreign direct investment (FDI...

September 22, 2023

Market Update

Cambodia's GDP was downgraded by ADB to 5.3% for 2023

The Asian Development Bank (ADB) has revised Cambodia's GDP forecast to 5.3% in the Asian Development Outlook (ADO) September 2023 from 5.5% in the ODA April 2023. The report shows that Cambodia's exports of garments, footwear, and travel ...

The Asian Development Bank (AD...

September 21, 2023

Market Update

The PM requests a three-month trial of lower electricity tariffs

Cambodian Prime Minister Hun Manet has requested the Ministry of Mines and Energy to lower electricity tariffs in the manufacturing sector to boost production amid a global and regional economic slowdown. He emphasized the private sector's critical role in supporting ...

Cambodian Prime Minister Hun ...

September 20, 2023

Market Update

AMRO forecasts a 5.3% GDP growth for Cambodia in 2023

The ASEAN+3 Macroeconomic Research Office (AMRO) has revised Cambodia's GDP growth to 5.3% for 2023, citing recovery in tourism, non-garment manufacturing, and domestic economic activities. The revised figure was revealed ...

The ASEAN+3 Macroeconomic Rese...

September 19, 2023

Market Update

Guangxi and Cambodia: the hubs of ASEAN trade and cooperation

Guangxi province and Cambodia's strategic locations have become gateways for ASEAN trade and cooperation. ASEAN markets accounted for 47.6% of Guangxi's foreign trade value in 2021, highlighting the importance of close economic ties between the two ...

Guangxi province and Cambodia'...

September 18, 2023

Market Update

A $500 million budget has been set aside to upgrade infrastructure

The Cambodian government has allocated over $500 million to improve National Road 5 and bridges to reduce costs and congestion of transporting goods and services from Prek Kdam to the Poipet border. The plan was revealed by ...

The Cambodian government has a...

September 15, 2023

Market Update

In H1, riel deposits increase more faster than the US dollar

Deposits in riel with deposit-taking corporations have grown faster than those in foreign currencies in the first half of 2023, particularly the US dollar. The riel deposit has risen 31.5% to 19.1 trillion riel, or $4.65 billion, compared to the same period ...

Deposits in riel with deposit-...

September 14, 2023

Market Update

Tax revenue will surpass budget expectations this year

Cambodia's General Department of Taxation (GDT) has collected 64% of the budget plan for 2023 in the first seven months of this year, indicating that the collection will exceed the target by the end of the year. GDT Director General Kong Vibol said that ...

Cambodia's General Department ...

September 13, 2023

Market Update

SEZs have driven $26 billion in exports since 2011

Cambodia has 24 special economic zones (SEZs) operating since 2016 with capital investment of $8.1 billion, mainly in sectors like garment, footwear, travel products, auto parts, electronics, car tyre manufacturing, automotive, and bicycle assembly. The Council ...

Cambodia has 24 special econom...

September 12, 2023

Market Update

Exports from Cambodia reached $15.7 billion in 8 months, up 0.3%

Cambodia exported $15.7 billion in the first eight months of 2023, a slight increase of 0.3% from the same period last year. The country's export to China surged by 16.8% to $940 million during January-August, from $804.6 million in the same period ...

Cambodia exported $15.7 billio...

September 11, 2023