Market Update

CMA to increase MSME loans under new administration

The Cambodia Microfinance Association (CMA) is collaborating with the Royal Government of Cambodia to support Micro, Small and Medium Enterprises (MSMEs) in achieving higher economic growth. The association represents over 100 institutions ...

The Cambodia Microfinance Asso...

August 24, 2023

Market Update

3 million foreign visitors visit Cambodia in just 7 months of 2023

According to a report from the Ministry of Tourism issued on Wednesday, Cambodia welcomed 3,037,344 foreign visitors in the first seven months of 2023, an impressive increase of 308% over the country's 743,459 visitors during the same time in 2022. Thailand ...

According to a report from the...

August 17, 2023

Market Update

$8.33 billion is registered in the first phase of the Single Portal

Over 28,169 businesses with $8.33 billion in investment capital have been registered in the first phase of the Online Business Registration System, known as Single Portal, under the Ministry of Economy and Finance. Construction leads with over $1,000 million ...

Over 28,169 businesses with $8...

August 16, 2023

Market Update

Beijing pledges 300 million Yuan to build a network of high-speed rails

Chinese Foreign Minister Wang Yi has announced a funding of 300 million yuan (equivalent to $41.34 million) to develop high-speed railway infrastructure in Cambodia. The project, which includes the Phnom Penh-Sihanoukville Expressway, ...

Chinese Foreign Minister Wang ...

August 15, 2023

Market Update

13 billion dollars were made by Cambodian exporters between January and July

Cambodia exported $13.525 billion worth of goods to international markets in January-July 2023, a 2% decrease from the previous year. The top three export destinations were the US, Vietnam, and China, with shipments worth ...

Cambodia exported $13.525 bill...

August 14, 2023

Market Update

MEF and DPs to provide a standard framework for direct lending

The Ministry of Economy and Finance (MEF) has partnered with development partners (DPs) and non-sovereign arms to develop a common framework for providing direct loans to the private sector. The forum, held at Hyatt Regency Phnom Penh, aimed ...

The Ministry of Economy and Fi...

August 10, 2023

Market Update

In 1H, Cambodia collected $2.79 billion in taxes

Cambodia collected 11,497.98 billion riels (approximately $2.79 billion) in taxes in the first half of 2023, 49.1% of the target ($5,692 million). The country has two tax collection institutions: the General Department of Taxation (GDT) and the ...

Cambodia collected 11,497.98 b...

August 9, 2023

Market Update

Next month, a business merger sub-decree will go into effect

The Ministry of Commerce has announced that the sub-decree on requirements and procedures for business merging will take effect on September 6, 2023. The sub-decree outlines three main obligations for businesspeople when merging multiple ...

The Ministry of Commerce has a...

August 8, 2023

Market Update

The insurance industry records a $28.7M premium in June

Cambodia's insurance sector experienced a 7.5% increase in premiums in June 2022, driven by 18 general insurers, 14 life insurers, seven micro-insurance companies, one reinsurance firm, and 20 insurance brokers, 34 ...

Cambodia's insurance sector ex...

August 7, 2023

Market Update

Cambodia calls on the US Congress to reinstate the GSP

Cambodia's Minister of Commerce has called on Jason Smith, chairman of the US House Committee on Ways and Means, to strongly consider re-authorising the Generalised System of Preferences (GSP) for Cambodia. The GSP scheme lapsed ...

Cambodia's Minister of Commerc...

August 4, 2023