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

Government to raise $120m through bond issuance this year

In 2025, the Royal Government of Cambodia plans to raise around $120 million through the issuance of government bonds to fund economic and social development, particularly in infrastructure and other key sectors. The bonds, worth KHR500 billion ...

In 2025, the Royal Government ...

January 15, 2025

Market Update

China remains Cambodia's biggest FDI source

China has become Cambodia's largest foreign investor, contributing nearly 50% of the total foreign direct investment (FDI) in 2024, amounting to $34.25 billion. Domestic investors and Vietnam ranked second and third, with 33.81% and 8.11% of investments, ...

China has become Cambodia's la...

January 14, 2025

Market Update

Cambodia's trade grows 16%, exceeding $54 billion in 2024

Cambodia's international trade grew by 16% in 2024, reaching $54.74 billion, up from $46.82 billion in 2023. Exports increased by 15.7% to $26.19 billion, while imports rose 18% to $28.54 billion. China, Vietnam, and the U.S. were Cambodia's top trade partners. Free Trade Agreements ...

Cambodia's international trade...

January 13, 2025

Market Update

Cambodia welcomed 6.7 million international tourists in 2024, a significant increase of 22.9% YoY

Cambodia attracted 6.7 million foreign visitors in 2024, a 22.9% increase from the previous year, according to the Ministry of Tourism spokesperson. The top five tourism markets were Thailand, Vietnam, China, Laos, and the United States. The growth is attributed ...

Cambodia attracted 6.7 million...

January 10, 2025

Market Update

MEF requests taxpayers to use KHR bank accounts for VAT refunds

The Ministry of Economy and Finance (MEF) has urged taxpayers to use a KHR bank account for VAT refunds to promote the use of the national currency. To speed up the VAT refund process, large- and medium-scale taxpayers, including foreign embassies, consulates, international ...

The Ministry of Economy and Fi...

January 9, 2025

Market Update

Preah Sihanouk's growth generates over 100,000 jobs

Preah Sihanouk province is emerging as a key industrial and tourism hub in Cambodia, attracting significant investments and creating thousands of jobs. In 2024, the province hosted 270 factories, generating $2.8 billion in investment and over 100,000 jobs. Infrastructure development, ...

Preah Sihanouk province is eme...

January 8, 2025

Market Update

EDC to prioritize Renewable Energy Certificates for exporting factories

Starting in 2025, Cambodia will prioritize factories producing goods for export in applying for Renewable Energy Certificates (RECs) from Electricite du Cambodge (EDC). This initiative aims to enhance market access, especially in the US and EU, by verifying clean energy usage. Cambodia ...

Starting in 2025, Cambodia wil...

January 2, 2025

Market Update

2024 business startups decline amid rising investment prospects for 2025

In the first 11 months of 2024, new business registrations in Cambodia dropped by 17% YoY, totaling 9,530, while business closures surged by nearly 33% YoY. The decline was most pronounced among private enterprises and foreign commercial companies, though ...

In the first 11 months of 2024...

December 26, 2024

Market Update

Exports from Cambodia's SEZs reach $5.4 billion in 2024

In the first eleven months of 2024, exports from Cambodia's Special Economic Zones (SEZs) reached an impressive $5.4 billion. This figure highlights the significant role that SEZs play in the country's economic development and export growth. The SEZs have become ...

In the first eleven months of ...

December 25, 2024

Market Update

Cambodia's graduation from LDC status by 2029 confirmed by UN

The United Nations has officially confirmed that Cambodia will graduate from the Least Developed Country (LDC) category. Alongside Cambodia, Senegal is also set to graduate from the LDC category on the same date. Both countries have been granted an extended preparatory period of five years, instead of the standard three years, to ...

The United Nations has officia...

December 24, 2024