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

MDIs predominate the microfinance market in Cambodia

According to the most recent banking supervision report published by the National Bank of Cambodia (NBC), four of the five microfinance deposit-taking institutions (MDIs) including Prasac, AMK, LOCL, Amret, and Mohanokor have dominated the microfinance market in ...

According to the most recent b...

May 23, 2023

Market Update

Tonle Bassac project approved by cabinet for $1.7 billion

Following the conclusion of a 26-month study, the Council of Ministers on Friday 19 April 2023 approved the Tonle Bassac navigation and logistics system project, estimated to cost $1.7 billion. The project's goal is to connect the Mekong River ...

Following the conclusion of a ...

May 22, 2023

Equity Report

PPWSA 1Q23 Review: Core revenue growth continues to be resilient

Water subscriptions increased 4.8% YoY to 458,909 connections at the end of 1Q23. Household clients make up the vast majority of water subscribers, with 366,997 connections, or 80.0% of the total connections. Commercial and industrial clients account for 85,180 connections or 18.6% of the total, while the remaining ...

Water subscriptions increased ...

May 22, 2023

Market Update

The World Bank estimates 5.5% GDP growth for Cambodia in 2023

The World Bank projected that an increasing agriculture sector and easier access to regional markets will cause the national economy's growth to accelerate to 5.5% in 2023. According to the report, real growth in Cambodia's economy accelerated to 5.2 percent ...

The World Bank projected that ...

May 19, 2023

Equity Report

PPWSA 2022 Review: Bottom line declines despite solid growth of water sales

• At the end of 2022, there were 451,554 connections, a rise of 4.7% from the end of 2021. Household customers make up 360,948 connections, or 79.9%, of the total subscriptions, while commercial and industrial customers make up 83,874 connections or ...

• At the end of 2022, there ...

May 18, 2023

Market Update

Cambodian exports are impacted by a slowdown in major markets

The General Department of Customs and Excise said that the value of garment exports in the first four months of 2023 fell by 28% from the same period last year to $1,394 million. Exports of travel-related goods also fell by 23% to $515 million. Overall, exports to important markets like ...

The General Department of Cust...

May 18, 2023

Market Update

Each year, migrant workers send home $3 billion

Ith Samheng, the Minister of Labor and Vocational Training, stated that the government has worked to improve cooperation with partner nations to give more Cambodian employees opportunity to work abroad. Currently, 1.3 million workers send their families remittances totaling over ...

Ith Samheng, the Minister of L...

May 17, 2023

Market Update

China approves direct exports of Cambodian pepper

After the General Administration of Customs of China (GACC) authorizes Cambodia's export request, Cambodian pepper will be immediately available in China. The GACC approved seven packaging firms and 28 registered pepper farms for exports, ...

After the General Administrati...

May 16, 2023

Market Update

Exports from Cambodia to RCEP nations increased by 16% in Q1 2023

According to figures from the Ministry of Commerce, Cambodia shipped goods worth $2.89 billion to the RCEP members in Q1 2023, an increase of 16% over the same period last year. Vietnam, Thailand, and China were Cambodia's top three export destinations in the RCEP, with exports totaling ...

According to figures from the ...

May 15, 2023

Market Update

$47 billion in bank and microfinance loans disbursed to Cambodia in 2022

According to a report from Credit Bureau (CBC), up until 2022, banks and microfinance organizations gave 4.6 million Cambodians in 25 provinces and the capital credit loans totaling $47 billion. According to the report, with 6.17 million borrowers, more than 42% ...

According to a report from Cre...

May 12, 2023