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 prepares to enforce two new double taxation agreements

Cambodia is preparing to enforce two Double Taxation Agreements (DTAs) with Laos and the Philippines, bringing the total number of active DTAs to 13. The General Department of Taxation (GDT) reported that the two DTAs have already been signed and are currently undergoing ...

Cambodia is preparing to enfor...

May 23, 2025

Market Update

MSMEs secure $288m in loan guarantees from CGCC

As of April 2025, the Credit Guarantee Corporation of Cambodia (CGCC) has supported 4,709 micro, small, and medium-sized enterprises (MSMEs) with $288 million in credit guarantees. 86% of MSMEs used the loans for business expansion and investment, but they were ...

As of April 2025, the Credit G...

May 22, 2025

Market Update

Cambodia’s mining sector saw an 80% surge in non-tax revenue in 2024

Cambodia's mining sector has seen a 79% increase in non-tax revenue in 2024, according to Minister of Mines and Energy Keo Rattanak. The mining sector in Kampong Speu province generated over $5 million in 2024 and around $1 million in the first quarter of 2025, creating 1,900 ...

Cambodia's mining sector has s...

May 21, 2025

Market Update

Two provinces in the northwest set to become key industrial zones

Cambodia's Prime Minister Hun Manet has announced that Kampong Chhnang and Pursat are set to become the country's next industrial hubs. The economic growth of these provinces is largely attributed to the development of National Road 10 (NR10) and the expanding rail network. Following in the footsteps ...

Cambodia's Prime Minister Hun ...

May 20, 2025

Market Update

Cambodia-China trade volume hits $5.6 billion in first four months of 2025

Cambodia's bilateral trade with China surged past $5.69 billion in the first four months of 2025, marking a 27% increase compared to the same period last year ($4.48 billion). However, Cambodia's exports to China saw a slight YoY decline of 1.7%, totaling $478.63 million, while imports from China rose significantly by 30.5% YoY, reaching $5.21 billion. This data underscores the deepening economic ties between the two nations, with China remaining one of Cambodia's largest trading partners and ...

Cambodia's bilateral trade wit...

May 19, 2025

Market Update

Asian Development Bank backs Cambodia's economy but warns about tariff negotiations

The Asian Development Bank (ADB) has reaffirmed its support for Cambodia's economic development while cautioning against potential risks from ongoing U.S. tariff negotiations. The ADB Vice-President emphasized that strategic initiatives such as digital development and a major initiative on food security underscore the organization's commitment to fostering sustainable growth and resilience throughout Asia and the Pacific in the coming years. Addressing concerns about ...

The Asian Development Bank (AD...

May 13, 2025

Market Update

Cambodia's export performance: 14% YoY growth in the first four months of 2025

Cambodia's exports rose by 14% YoY during the January-April 2025 period, reaching $9.13 billion. Key export sectors included garments, footwear, travel goods, bicycles, solar panels, and agricultural products such as rice, rubber, and mangoes. The United States, Vietnam, Japan, and China were the top export destinations, underscoring Cambodia's integration into global supply chains. The growth was bolstered by trade agreements like ...

Cambodia's exports rose by 14%...

May 12, 2025

Market Update

Cambodia's tax revenue rises to $1.25 billion in Q1 2025

The General Department of Taxation (GDT) reported a robust collection of $1.25 billion in tax revenue during the first quarter of 2025, signaling a strengthening economy post-pandemic. Tax revenue collected between January and March totaled $1.253 billion, achieving 30.88% ...

The General Department of Taxa...

May 9, 2025

Market Update

Cambodia attracts $3.4 billion in foreign direct investment in early 2025

Cambodia approved 231 investment projects worth $3.4 billion in the first four months of 2025, which reflected a 34% increase compared to the same period in 2024. China remained the leading investor, reinforcing its economic influence in the region. In the month of April, the Council ...

Cambodia approved 231 investme...

May 8, 2025

Market Update

Increased vehicle imports reflect growing demand for family cars in Cambodia

According to a report by Cambodia's General Department of Customs and Excise, vehicle imports in the country reached 554million in the first quarter of this year, marking a 51% increase from the $366 million recorded during the same period last year. Cambodia is now home to several vehicle assembly plants, including Ford, Toyota, Hyundai, and Isuzu, with BYD currently building its factory in a special economic zone in Preah Sihanouk province. The rise in vehicle assembly investments is driven ...

According to a report by Cambo...

May 7, 2025