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

In Q1, GFT exports fell by over 23%

During the first quarter of 2023, Cambodia exported $2.36 billion worth of garment, footwear, and travel (GFT) goods, a significant decrease from the $3.05 billion exported during the same period in the previous year, according to the most recent trade data made public by the General Department of Customs and Excise on Monday...

During the first quarter of 20...

April 13, 2023

Market Update

Cambodia has 494 weekly flights

Throughout the first three months of this year, Cambodia received and operated 494 flights weekly at its three airports, according to preliminary data from the State Secretariat of Civil Aviation (SSCA), the country's regulatory and development body for civil aviation activity and infrastructure. 368 flights or 736 movements were received ...

Throughout the first three mon...

April 12, 2023

Market Update

Cambodia's international trade fall 14.5% YoY in Q1 to $11.25 billion

In the first quarter of 2023, trade between Cambodia and other countries was $11.25 billion, a decrease of 14.5% YoY from $13.16 billion in the same period last year. According to the General Department of Customs and Excise's report, export from January to March of this year was valued at $5.39 billion, down 5.7% YoY ...

In the first quarter of 2023, ...

April 11, 2023

Market Update

Thailand exports fabric to Cambodia worth $157 million in 2022

Despite volatility brought on by COVID-19, Cambodia's textile imports from Thailand were $157 million, up 27.6%, while exports totaled $57.6 million, up in 2022. Although commerce in fiber and yarn between the two countries is negligible, Thailand continues to be an important source of fabrics for ...

Despite volatility brought on ...

April 10, 2023

Market Update

Four Asian countries, including Cambodia, are driving the diversification of US chips

This year's early winners from US efforts to protect its semiconductor supply chain include Thailand, Vietnam, India, and Cambodia. According to the US Census data, semiconductor imports into the US increased 17% from the previous year to $4.86 billion in February, with Asia accounting for 83% ...

This year's early winners from...

April 7, 2023

Market Update

4,275 construction projects receive approved in 2022

The land ministry approved a total of 4,275 construction investment projects in 2022, a decrease of 28 projects or 0.65% from the previous year, with total registered capital of $2.97 billion, a decrease of 46.8% from $5.58 billion. The housing segment accounted for 3,768 of the projects, up from 3,720 a year earlier, or 88.14% of the total, up from 86.45% in 2021...

The land ministry approved a t...

April 6, 2023

Market Update

ADB: Cambodia's economy will grow faster thanks to a rebound in tourism

According to a report released today by the Asian Development Bank (ADB), Cambodia's GDP is predicted to grow at a rate of 5.5% in 2023 and 6.0% in 2024, driven by a stronger tourism recovery and faster growth in the services sector. It is anticipated that the tourism industry would expand by 7.3% in 2023 before slowing to 6.8% in 2024. This will increase demand for food and lodging as well as local trade, transportation, and communications subsectors. It's expected that inflation will ease at an average rate of 3.0% in 2023...

According to a report released...

April 5, 2023

Market Update

Dedollarization initiatives to encourage greater use of riel

The National Bank of Cambodia has implemented several measures to promote the use of the riel and reduce dependence on the US dollar. The central bank aims to strengthen the riel's role in the country's economy, reduce currency exchange costs, and promote financial stability...

The National Bank of Cambodia ...

April 4, 2023

Market Update

The government passes a new taxation law draft

On Friday, March 31, 2023, the Cambodian government passed a new draft taxation law that is intended to tighten fiscal compliance, increase the favorable investment climate, and promote and enhance the country's business sector. According to the government spokesman Phay Siphan, the new fiscal law was adopted in accordance with the fourth phase of the ...

On Friday, March 31, 2023, the...

April 3, 2023

Market Update

Govt to offer vocational training to over 1.5 million underpriviledged young Cambodians

In order to draw new high-end technology investment projects to Cambodia, Prime Minister Hun Sen highlighted the significance of boosting the number of technicians and skilled laborers yesterday...

In order to draw new high-end ...

March 31, 2023