Market Update

In the first quarter of 2023, Cambodia's state debt hits $10.27 billion

By the end of the first quarter (Q1) of 2023, the Cambodian government reported a total public debt stock of $10.27 billion, up 2.8% quarter over quarter from $9.99 billion. According to the Cambodia state Debt Statistical Bulletin, which was released by the Ministry of Economy and Finance, 67% ...

By the end of the first quarte...

June 15, 2023

Market Update

Industry for cashew nuts needs $300 million in working capital

A senior official from the Cashew Nut Association of Cambodia (CAC) estimates that the cashew nut industry in Cambodia need operating capital of at least $300 million annually. Cashew has already been designated by the Cambodian government as an agro-industrial crop ...

A senior official from the Cas...

June 14, 2023

Market Update

Royalties from Mondulkiri gold mines total $10 million

According to a recent press statement from the Ministry of Mines and Energy (MME), Renaissance Minerals (Cambodia) Limited processed 6,727 kg of gold while paying the Kingdom over $10 million in royalties. The first foreign firm granted a license by the government of Cambodia to mine gold is Renaissance ...

According to a recent press st...

June 13, 2023

Market Update

In the first five months of 2023, exports from Cambodia total $9.18 billion

According to a General Department of Customs and Excise report, Cambodia's exports in the first five months of 2023 were $9.18 billion, a decrease of 2.4% from $9.41 billion for the same period in 2022. Clothing, shoes, luggage, bicycles, and agricultural goods such rice, rubber, cassava, bananas, ...

According to a General Departm...

June 12, 2023

Market Update

In the first five months, milled rice exports to China brought approximately $77.3 million to Cambodia

In the first five months of 2023, Cambodia shipped 118,041 tons of milled rice to China, bringing in $77.4 million, according to a press statement from the Cambodia Rice Federation (CRF). According to a press release, "China is the main export market for Cambodian milled rice, accounting for 42.43% ...

In the first five months of 20...

June 9, 2023

Market Update

As construction on the Phnom Penh-Bavet expressway begins, a deal for the third expressway is signed

On June 7, an agreement for a third expressway from the capital to Siem Reap and on to the Thai border at Poipet town was also reached. This expressway would run from Phnom Penh to the border with Vietnam at Bavet Town. Sun Chanthol, ...

On June 7, an agreement for a ...

June 8, 2023

Market Update

In Q1 2023, the insurance sector in Cambodia had growth of 5.6% YoY

n the first quarter (Q1) of 2023, the insurance sector in Cambodia recorded total premiums of 93.3 million US dollars, an increase of 5.6% YoY from $88.3 million in 2022. According to the Insurance Regulator of Cambodia (IRC) report, the growth was brought about by 18 general insurers, ...

n the first quarter (Q1) of 20...

June 7, 2023

Market Update

PM: By 2030, Cambodia will have a higher middle-income status

Despite the difficulties faced by the global economy, the conflict between Ukraine and Russia, and the climate change catastrophe, Prime Minister Hun Sen voiced confidence that Cambodia will become a high-middle-income nation by 2030. According to the prime minister, Cambodia ...

Despite the difficulties faced...

June 6, 2023

Market Update

In the first five months of 2023, Cambodia receives 64 investment proposals with a combined capital of more than $540 million

The Council for the Development of Cambodia (CDC) approved 64 investment projects totaling $540.74 million in the first five months of 2023, resulting in the creation of 78,292 employment. This number significantly decreased when compared to the same period in 2022 ...

The Council for the Developmen...

June 5, 2023

Market Update

58 new manufacturing factories opened for the first five months of 2023

This year, 58 new manufacturing factories were registered with the Ministry of Industry, Science, Technology, and Innovation (MIST), bringing the total number of operational manufacturing enterprises in the nation to 1,999. 40 factories were also shut down or temporarily closed during ...

This year, 58 new manufacturin...

June 2, 2023