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

Preah Sihanouk's growth generates over 100,000 jobs

Preah Sihanouk province is emerging as a key industrial and tourism hub in Cambodia, attracting significant investments and creating thousands of jobs. In 2024, the province hosted 270 factories, generating $2.8 billion in investment and over 100,000 jobs. Infrastructure development, ...

Preah Sihanouk province is eme...

January 8, 2025

Market Update

EDC to prioritize Renewable Energy Certificates for exporting factories

Starting in 2025, Cambodia will prioritize factories producing goods for export in applying for Renewable Energy Certificates (RECs) from Electricite du Cambodge (EDC). This initiative aims to enhance market access, especially in the US and EU, by verifying clean energy usage. Cambodia ...

Starting in 2025, Cambodia wil...

January 2, 2025

Market Update

2024 business startups decline amid rising investment prospects for 2025

In the first 11 months of 2024, new business registrations in Cambodia dropped by 17% YoY, totaling 9,530, while business closures surged by nearly 33% YoY. The decline was most pronounced among private enterprises and foreign commercial companies, though ...

In the first 11 months of 2024...

December 26, 2024

Market Update

Exports from Cambodia's SEZs reach $5.4 billion in 2024

In the first eleven months of 2024, exports from Cambodia's Special Economic Zones (SEZs) reached an impressive $5.4 billion. This figure highlights the significant role that SEZs play in the country's economic development and export growth. The SEZs have become ...

In the first eleven months of ...

December 25, 2024

Market Update

Cambodia's graduation from LDC status by 2029 confirmed by UN

The United Nations has officially confirmed that Cambodia will graduate from the Least Developed Country (LDC) category. Alongside Cambodia, Senegal is also set to graduate from the LDC category on the same date. Both countries have been granted an extended preparatory period of five years, instead of the standard three years, to ...

The United Nations has officia...

December 24, 2024

Market Update

Cambodia's oil import expenditure reaches $2.18 billion in 2024

In the first 11 months of 2024, Cambodia's expenditure on oil imports reached a substantial $2.18 billion, marking an 11.3% increase compared to the previous year. This significant rise in imports underscores the country's heavy reliance on imported oil, as its own oil ...

In the first 11 months of 2024...

December 23, 2024

Market Update

Cambodia sets $7.26 billion revenue target for 2025 amid tax relief measures

The Cambodian government has set a revenue target of 29.05 trillion riel ($7.26 billion) for 2025, marking a 2.84% decrease from the previous year's target. The 2025 Budget Law, signed by King Norodom Sihamoni, outlines plans to collect revenue through taxes and ...

The Cambodian government has s...

December 20, 2024

Market Update

Cambodia's GDP is expected to grow by 5.5% in both 2025 and 2026

Cambodia's GDP is projected to grow by 5.5% in both 2025 and 2026, supported by recovering domestic demand despite challenges such as weak credit growth and elevated household debt. The World Bank emphasizes the importance of trade diversification, productivity improvements, and enhanced ...

Cambodia's GDP is projected to...

December 19, 2024

Market Update

ADB commits $403 million in investments for Cambodia in 2024

Cambodia has signed concessional loan and grant agreements with the Asian Development Bank (ADB) for five key development programs, totaling $403 million in investments for 2024. These agreements aim to enhance education, water management, trade, and gender-based violence prevention, with a ...

Cambodia has signed concession...

December 18, 2024

Market Update

Cambodia's tourism surges with 6.7 million foreign visitors expected in 2024

Cambodia is on track to welcome 6.7 million foreign tourists by the end of 2024, surpassing the pre-Covid-19 record of 6.6 million visitors. Tourism Minister Huot Hak made the announcement during the 11th Sea Festival held in Kampot. In the first eleven months of 2024, ...

Cambodia is on track to welcom...

December 17, 2024