Market Update

Vehicle imports in H1 decreased by 20% YoY to $457M

According to the Ministry of Commerce, Cambodia imported "rot'yon"-class automobiles worth a total of $456.673 million in the first half of 2023, a 19.90% decrease from $570.099 million the previous year. This drop has been attributed by local experts to ...

According to the Ministry of C...

July 18, 2023

Market Update

FDI in Cambodia rise by 9% in the first quarter to $45.8 billion

The National Bank of Cambodia (NBC) annouced that as of the first quarter of 2023, there were 185.7 trillion Riel ($45.8 billion) in foreign direct investment (FDI) in Cambodia. According to a press release from the NBC, FDI increased by ...

The National Bank of Cambodia ...

July 17, 2023

Market Update

In the first half of the year, bicycle export in Cambodia fell by 30.5% to $331 million

ccording to the report from the Ministry of Commerce, Cambodia shipped bicycles worth $331 million to foreign markets in the first half of 2023, a decrease of 30.5% from the previous year. The Made-in-Cambodia bicycles, according to ...

ccording to the report from th...

July 14, 2023

Market Update

H1 China exports increase to $0.7B from February to June

According to Customs (GDCE), Cambodia exported goods worth $713.276 million to mainland China in the first half of 2023, up 16.64% from $611.542 million in the first half of 2022 and up 13.38% from $629.09 million in the second half of 2022. This growth ...

According to Customs (GDCE), C...

July 13, 2023

Market Update

To promote SMEs, Singapore and Cambodia have established a financial transparency corridor

A Memorandum of Understanding (MoU) was signed between the National Bank of Cambodia (NBC) and the Monetary Authority of Singapore (MAS) to work together on the Financial Transparency Corridor ...

A Memorandum of Understanding ...

July 12, 2023

Market Update

In the first half of the year, international trade exceeded $23 billion

According to the General Department of Customs and Excise, Cambodia's international trade totaled $23.69 billion in the first six months of this year, a 13% reduction YoY. According to the data, Cambodia exported a total of $11.46 billion ...

According to the General Depar...

July 11, 2023

Market Update

Construction on the new international airport in Siem Reap is 98% complete

According to a senior official, the building of the Siem Reap Angkor International Airport, which is expected to open in October, is 98% finished as of June 30. The new airport's IATA and ICAO codes are VDSA and SAI, respectively, and its official name is ...

According to a senior official...

July 10, 2023

Market Update

Fresh mango exports total more than 88,509 tons

Cambodia exported more than 88,509 tons of fresh mangoes in the first five months of this year. According to the Ministry of Agriculture, Forestry, and Fisheries, Vietnam was the biggest exporter of Cambodian fresh mangoes during the period, with ...

Cambodia exported more than 88...

July 7, 2023

Market Update

The government begin draft of its revenue and spending plan for 2024

In 2024, Cambodia expects government revenue and spending to be equal to 23.07% and 26.29% of GDP (gross domestic product), respectively. This is according to a Royal Government of Cambodia (RGC) circular on the draft Strategic Budget Plan 2024-2026 and ...

In 2024, Cambodia expects gove...

July 6, 2023

Market Update

Launch of an interinstitutional payment system for ATM and POS services in Cambodia

The Cambodian Shared Switch (CSS) was officially launched by the National Bank of Cambodia (NBC) on July 4, 2023, to facilitate institutional payments using CSS debit cards at all ATMs and POS terminals of member institutions. The development of the CSS system, ...

The Cambodian Shared Switch (C...

July 5, 2023