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

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

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

Market Update

Trade in goods between Cambodia and Vietnam totals $2.43 billion between Jan-Apr

According to preliminary General Department of Customs and Excise of Cambodia (GDCE) statistics, the volume of goods traded between Cambodia and Vietnam in the first four months of 2023 was more than $2.4 billion, while exports from Cambodia climbed by about 21%...

According to preliminary Gener...

May 11, 2023

Market Update

In Q1 2023, Cambodia spent over $400 million on domestic gasoline imports

In the first three months of 2023, Cambodia imported fuels worth more than $400 million. Data from the Ministry of Commerce shows that imports of gasoline increased by more than 21% YoY to more than $197 million, while imports of diesel also increased by more than $211 million, a drop of more than ...

In the first three months of 2...

May 10, 2023