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 and the AIIB engage in high-level discussions regarding a $2 billion strategic cooperation framework

A high-level AIIB delegation, led by President Zou Jiayi, concluded a two-day visit to Cambodia to solidify a $2 billion Country Cooperation Framework (CCF) for 2026–2030. Discussions with Prime Minister Hun Manet and Finance Minister Aun Pornmoniroth ...

A high-level AIIB delegation, ...

April 3, 2026

Market Update

Cambodia's credit surpasses USD 62 billion in 2025, says CBC

CBC's report reveals that Cambodia's credit balance reached 248.9 trillion riels ($62.2 billion) by 2025, with women constituting 52% of 5.13 million borrowers. Phnom Penh, Kandal, and Kampong Speu account for 61% of total loans, with Phnom Penh alone at 51%. Provinces ...

CBC's report reveals that Camb...

April 1, 2026

Market Update

Global headwinds and border disputes drag Cambodia's 2025 GDP growth down to 5%

Cambodia's economy grew by 5% in 2025, down from 6% in 2024. While early momentum was driven by U.S. exports and tourism, growth slowed due to global uncertainties and a border conflict with Thailand. Manufacturing remains the main driver at 8.5%, showing ...

Cambodia's economy grew by 5% ...

March 31, 2026

Market Update

Cambodia's trade with Singapore has surged by over 190% YoY

According to GDCE data, bilateral trade between Cambodia and Singapore skyrocketed by 191.5% YoY in first two months of 2026. This dramatic increase was primarily fueled by a 209.3% YoY surge in imports from Singapore, totaling $322 million, driven by ...

According to GDCE data, bilate...

March 26, 2026

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