Market Update

In 2023, Cambodia's foreign reserves increase to $20 billion

In 2023, Cambodia's international reserves soared to $20 billion, reflecting a robust 12.3% surge from the previous year, as reported by the central bank. These reserves, encompassing foreign currencies, gold, and Special Drawing Rights, were ...

26th January 2024

Market Update

Tax revenue increased to $3.6 billion, up 4.49%

Cambodia's General Department of Taxation (GDT) has demonstrated a robust fiscal performance, registering a notable 4.49% YoY increase in tax collection, reaching $3.6 billion in 2023. This achievement surpassed the targeted goal by an impressive ...

25th January 2024

Market Update

Cambodia rises to the eighth rank in the world as a hub for garment exports

Cambodia has ascended to become the world's 8th largest garment exporter, climbing from 11th place in 2021, as reported by the World Trade Organization. The country's garment exports now constitute 1.6% ...

24th January 2024

Market Update

CSX wants to reach an ambitious goal of 100,000 trade accounts

The Cambodia Securities Exchange (CSX) has revised its target, aiming to increase the number of trade accounts to 100,000 by the end of this year, a significant jump from the 49,000 accounts registered as of the conclusion of 2023. This updated goal ...

23rd January 2024

Market Update

In 2023, 5.4 million foreign visitors visit Cambodia

Cambodia witnessed a remarkable surge in international tourism, welcoming 5.43 million visitors in 2023 - a staggering 139% increase from the 2.27 million recorded in 2022, as reported by the Ministry of Tourism. Notably, Thailand led ...

22nd January 2024

Market Update

AMRO sustains Cambodia's GDP growth of 6.2%

The ASEAN+3 Macroeconomic Research Office (AMRO) forecasts a robust 6.2% growth for Cambodia in 2024, the second-highest in the region. Stable inflation at 3.1% is anticipated. The country's reliance on tourism, impacted by the ...

19th January 2024

Market Update

Trade volume between France and Cambodia reaches $515M

Cambodia's Prime Minister, Hun Manet, has emphasized France's significance as a crucial development partner, playing a substantial role in the country's economic success. Despite the geographical distance, the two nations share a long history ...

18th January 2024

Cambodia’s Banking Industry

Industry Report 2023

16th January 2024

Market Update

In 2023, Cambodia's exports to RCEP countries increased by 28%

In 2023, Cambodia witnessed a 28.8% surge in exports to RCEP countries, constituting 34.62% of the total trade volume of $23.6 billion. The RCEP free trade agreement, operational since January 1, 2022, involving ...

15th January 2024

Market Update

Over 100 tonnes of Kampot pepper are exported by Cambodia

Cambodia's Kampot pepper, a Geographical Indication (GI) product in the European Union, saw a marginal decline in exports, totaling 103 tonnes in 2023 - a decrease of 11% compared to 2022, as reported by the Kampot Pepper ...

10th January 2024