Tax revenues hit $3.3B in Cambodia for H1

Economy and Industry

Tax revenues hit $3.3B in Cambodia for H1 Cambodia collected KHR 13,134,974 million (approximately $3,304 million) from all sources of taxes in the first half of 2025, achieving 53.4% of the target plan. The country's General Department of Taxation (GDT) and General Department of Customs and Excise collect taxes. The GDT collected KHR 5,948,913 million (approximately $1,497 million) in tax revenue during January-June, 58.6% of the 2025 target plan. GDT's tax income collection rose by 2.5% YoY to KHR 7,186,061 million (approximately $1,808 million), 47.9% of the 2025 target plan. However, the tax income collection is expected to reach 86.5% below the target plan in 2025 due to declining profit taxes, VAT, and special taxes. (Source: Khmer Times)

Asset quality weakening across banking sector, AMRO says Cambodia's banks have experienced a significant deterioration in asset quality due to a prolonged credit boom and fragmented market structure, according to a recent report by Asean+3 Macroeconomic Research Office (AMRO). The country's credit-to-GDP ratio has risen to above 120% since 2021, and banks' asset quality has deteriorated, with Non-Performing Loans (NPLs) reaching KHR17.2 trillion (approximately $4.3 billion). By end-2024, 47 of 59 commercial banks reported higher NPL ratios YoY, including 40 that had already experienced deterioration in 2023. The report also highlights the National Bank of Cambodia's initiatives to address the rising NPLs, such as reintroducing a loan structuring forbearance measure in August 2024. AMRO suggests that Cambodia should develop a holistic and well-coordinated approach to NPL management. The report suggests that banks can deploy various strategies to address distressed assets, including "debtor-focused" approaches, aimed at enhancing repayment capacity and preserving business value; and "bank-focused" approaches, intended to remove or reduce NPLs from bank balance sheets. (Source: Khmer Times)

Industrial growth in the Kingdom forecast at 7.1% Cambodia's industrial sector is projected to grow by 7.1% in 2025, slightly below earlier forecasts, due to slower expansion in garment and non-garment manufacturing, steady gains in automobile assembly and food and beverage industries, and a gradual recovery in the construction sector. The garment sub-sector is expected to grow by 10.1%, while the non-garment manufacturing sub-sector is forecast to grow by 6.9%. Domestic-driven production and resilient domestic demand remain key drivers for growth. The Cambodia Chinese Commerce Association has called for stronger efforts to diversify export markets and streamline government licensing processes. (Source: Khmer Times)

Corporate News

Cambodian Kroya rice now on shelves at coles across Australia Cambodian Kroya rice has been introduced to Coles Supermarkets, a national supermarket chain with over 850 stores across Australia, as part of a move to strengthen economic ties between the two nations. The move follows the signing of five Memorandum of Understandings (MoU) to promote Cambodian goods exports to Australia this year. The premium branded rice, Kroya Frangrant Rice, is available in convenient 5kg and 2kg packaging. The launch of Cambodian rice in Australia strengthens economic ties between the two nations, with Cambodia's exports to Australia increasing by 31.5% to $487 million in 2024. (Source: Kiripost)

Stock Market

CSX index edges up 0.04% on mixed main board performance On 26 August 2025, the CSX Index rose by 0.04% to close at 405.4 points. On the Main Board, PPAP (+0.74%) and CGSM (+0.41%) posted gains, while PEPC (-5.28%), PPSP (-0.49%), PAS (-0.33%), PWSA (-0.32%), and GTI (-0.28%) recorded losses. ABC and MJQE closed unchanged. On the Growth Board, DBDE gained 0.99%, while JSL remained unchanged. Total trading volume stood at 63,682 shares, with a turnover of KHR 284 million. (Source: YSC Research)

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