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

Cambodia's ambitious goal: Welcoming 1 million Chinese visitors by year-end

Cambodia is setting its sights on attracting one million Chinese tourists by the end of the year, a move aimed at revitalizing its tourism sector. The initiative is part of the "Cambodia-China Year of Tourism," which underscores the strong ties between the two nations. The country is ...

Cambodia is setting its sights...

March 19, 2025

Market Update

Cambodia's credit expansion reaches new heights

In 2024, Cambodia's total credit balance reached 236,429,266 million riels (approximately $59.1 billion), with 5.04 million borrowers. Phnom Penh, Kandal, and Siem Reap collectively accounted for about 60% of the total. Phnom Penh led with 119,021,947 million riels (50% of the total) ...

In 2024, Cambodia's total cred...

March 18, 2025

Market Update

Cambodia secures $1.8 billion in concessional loans

The Cambodian government has signed concessional loan agreements totaling $1.8 billion with various development partners in 2024, reflecting a 2% increase from the previous year. Approximately 39% of the loans were secured through bilateral agreements, while 61% came from multilateral partners. The funds will primarily target infrastructure development, including roads, bridges, and energy projects, as well as education, healthcare, and clean water initiatives. By focusing on these priority areas, Cambodia ...

The Cambodian government has s...

March 17, 2025

Market Update

Phnom Penh embarks on ambitious metro rail project

Phnom Penh has initiated steps toward realizing its long-awaited metro rail system, a transformative project aimed at modernizing the city's transportation infrastructure. The plan, which has been under discussion for years, envisions a network of urban rail lines to alleviate traffic ...

Phnom Penh has initiated steps...

March 14, 2025

Market Update

Rice exports generate significant revenue for Cambodia

In the first two months of 2025, Cambodia's rice exports generated $420 million, showcasing the sector's robust performance. Milled rice in particular saw a rise of nearly 50% in terms of exported tonnage and 62% int terms of value while rice paddy exports saw a reduction of 20% in terms of export value at the same time. Fragrant rice, a premium product, remains the flagship export, catering to high-demand markets such as China, Europe, and regional neighbors. To capitalize on this success, efforts are ...

In the first two months of 202...

March 13, 2025

Market Update

Cambodia leverages domestic bonds for public development

The Cambodian government successfully mobilized $74 million through its public bond program in 2024, which is geared toward financing vital public investment projects. Launched in 2022, the initiative reflects Cambodia's efforts to reduce dependence ...

The Cambodian government succe...

March 12, 2025

Market Update

Cambodia's foreign trade grows 16% in early 2025

Cambodia's international trade witnessed a commendable 16% growth to $9.44 billion during the first two months of 2025, showcasing the country's increasing economic dynamism. This substantial increase is attributed to the higher volume of exports and imports, driven primarily ...

Cambodia's international trade...

March 11, 2025

Market Update

Cambodia CDC improves investment process with decentralization plan

The Council for the Development of Cambodia (CDC) has embarked on a groundbreaking initiative to decentralize its investment registration process, aimed at enhancing accessibility, efficiency, and transparency through revisiting its data sharing systems and procedures for ...

The Council for the Developmen...

March 10, 2025

Market Update

NBC and Kamco sign MOU on non-performing loan management

The National Bank of Cambodia (NBC) and the Korea Asset Management Corporation (KAMCO) signed a Memorandum of Understanding (MOU) to collaborate on managing non-performing loans (NPLs) in Cambodia. The MOU aims to enhance the financial stability ...

The National Bank of Cambodia ...

March 7, 2025

Market Update

MOWRAM plans to boost water capacity by 1 billion cubic meters by 2027

The Ministry of Water Resources and Meteorology (MoWRAM) of Cambodia has announced an ambitious plan to increase the country's water capacity by 1 billion cubic meters by 2027. This initiative aims to address the challenges posed by erratic rainfall, prolonged droughts, and outdated infrastructure. The plan includes upgrading existing infrastructure, implementing climate-resilient irrigation systems, and integrating modern technology for real-time water monitoring. The government is also focusing on enhancing ...

The Ministry of Water Resource...

March 6, 2025