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

NBC modernizes emergency liquidity protocol to bolster financial stability

The National Bank of Cambodia (NBC) has officially updated its "Lender of Last Resort" protocol, replacing the previous regulatory framework established in 2015. This new Prakas on Emergency Liquidity Assistance is designed to bolster the resilience of the country's banking sector and modernize its financial infrastructure. Under the updated guidelines, deposit-taking institutions facing temporary liquidity shortages can request assistance to prevent ...

The National Bank of Cambodia ...

March 24, 2026

Market Update

Cambodia is developing a "foresight strategic plan" aimed at safeguarding its long-term economic vision

The Royal Government of Cambodia recently convened an inter-ministerial meeting to draft the "Foresight Framework and Roadmap 2030." Led by the Ministry of Economy and Finance, the initiative aims to transition public administration into a ...

The Royal Government of Cambod...

March 17, 2026

Market Update

Cambodia repays $678M in debt in 2025, rising 21% from 2024

Cambodia's debt service payments increased by 21% to $678.30 million in 2025, with $632 million paid in external debt and $45 million in domestic debt. Despite global economic challenges, this indicates strong repayment capacity, as noted by analysts. Public external debt comprised the majority of payments at $632.6 million, while domestic debt totaled $45.8 million. Although no new lending agreements were made in the fourth ...

Cambodia's debt service paymen...

March 16, 2026

Market Update

Cambodia receives over $900M in FDI during the first two months

Cambodia attracted $917 million in foreign direct investment (FDI) during the first two months of 2026, a 14.2% decrease from the previous year. The Council for the Development of Cambodia (CDC) approved 85 projects, primarily in manufacturing, infrastructure, and ...

Cambodia attracted $917 millio...

March 13, 2026

Market Update

Government mobilizes $1B in loan financing for infrastructure development in 2025

Cambodia's public debt reached $13.05 billion in 2025, an 8.3% increase from the previous year, according to the Ministry of Economy and Finance. Last year alone, the government secured $1 billion in new concessional loans, primarily to fund priority infrastructure ...

Cambodia's public debt reached...

March 12, 2026

Market Update

Cambodia's exports increase 17.2% in the first two months of 2026

Cambodia's exports reached $5.23 billion in January and February 2026, a 17.2% increase year-on-year, as reported by the ...

Cambodia's exports reached $5....

March 11, 2026

Market Update

Cambodia advances toward achieving 70% clean energy share

Minister of Mines and Energy Keo Rottanak reaffirmed Cambodia's commitment to achieving a 70% clean energy target by 2030, reaching 63% by 2025. During a meeting with 400 transport workers in Pursat, the Minister emphasized that expanding renewables-such as ...

Minister of Mines and Energy K...

March 10, 2026

Market Update

Cambodia plans to build its first oil refinery within the next three years

Minister of Mines and Energy Keo Rottanak announced that Cambodia aims to establish its first oil refinery within three years to bolster energy security. Currently, the nation relies entirely on refined imports like gasoline and diesel due to a lack of domestic processing ...

Minister of Mines and Energy K...

March 6, 2026

Market Update

US eliminates 19% tariff on Cambodian goods; imposes 15% temporary duty

Deputy Prime Minister Sun Chanthol announced that a 19% countervailing duty on Cambodian goods has been automatically eliminated following a U.S. Supreme Court decision. However, under Section 122 of the Trade Act of 1974, the United States has introduced ...

Deputy Prime Minister Sun Cha...

March 5, 2026

Market Update

Agriculture sector contributes 16% to Cambodia's economy

The Cambodian agricultural sector has significantly progressed, achieving domestic food security and now exporting millions of tonnes annually, contributing to global food security, according to Minister Dith Tina. In 2025, agriculture accounted for 16.1% of GDP, despite a slight decrease from 16.7% in 2024. These insights were shared at the inaugural Cambodia Agricultural Forum, which aimed to enhance collaboration among various stakeholders to support ...

The Cambodian agricultural sec...

March 4, 2026