NBC increases Cambodia's FY25 growth forecast to 6.2%

Economy and Industry

NBC increases Cambodia's FY25 growth forecast to 6.2% The National Bank of Cambodia (NBC) has raised the country's growth forecast for the fiscal year 2025 to 6.2%. This optimistic outlook is driven by strong domestic demand, robust export performance, and increased foreign direct investment (FDI). The NBC highlighted that the tourism sector's recovery, particularly with the return of Chinese tourists, is expected to contribute significantly to economic growth. Additionally, the government's efforts to improve public infrastructure, enhance trade facilitation, and attract international investment are anticipated to support sustained economic expansion. The NBC's forecast aligns with the projections of other international organizations, such as the World Bank and the ASEAN+3 Macroeconomic Research Office (AMRO), which also predict strong growth for Cambodia in the coming years. (Source: Khmer Times)

US continues to be Cambodia's top export destination in January In January 2025, the United States remained Cambodia's largest export destination, with exports to the US reaching nearly $870 million, marking a 38% increase compared to January 2024. The General Department of Customs and Excise reported that the total trade volume between Cambodia and the US was $892 million, with exports accounting for $868 million and imports from the US valued at $23 million. The US accounted for 37.66% of Cambodia's total export value in January, followed by Vietnam, Japan, Canada, Spain, and China. The Cambodian government and private sector are optimistic about maintaining and increasing exports to the US, given the country's political and economic stability, improved infrastructure, and the quality of Cambodian-made products. (Source: Khmer Times)

Cambodia and US Congress agree to strengthen trade relations Cambodia and the US Congress have agreed to deepen trade ties and enhance economic cooperation. The US remains Cambodia's largest export market, with key exports including garments, footwear, travel goods, and electrical machinery. The meeting between Prime Minister Hun Manet and the US Congressional delegation highlighted the importance of maintaining good diplomatic relations and leveraging trade agreements to boost economic growth. Both sides expressed optimism about further enhancing economic collaboration and addressing challenges such as trade barriers and market access. The Cambodian government is committed to fostering a competitive trade environment and supporting the private sector to capitalize on opportunities in the US market. (Source: Khmer Times)

Corporate News

PPAP reports significant business growth in January The Phnom Penh Autonomous Port (PPAP) reported substantial business growth in January 2025, with a 48% increase in container throughput compared to the same period last year. The port handled 44,379 twenty-foot equivalent units (TEUs) in January, up from 29,908 TEUs in January 2024. Additionally, cargo volumes rose by 47% to 456,419 tonnes, and the number of cargo vessels increased by 34% to 308 voyages. Despite a 14% decline in passenger boats, passenger numbers grew by 5% to 4,453 persons. The growth in business is attributed to the port's improved infrastructure, efficient operations, and strategic location. The port's overall revenue grew by 20% to $41.6 million, driven by the expansion of port authority services such as rentals and warehousing. (Source: Khmer Times)

Stock Market

Gains in PPSP, PPAP, and PAS offset by ABC & GTI losses The CSX index declined by 0.05%, closing at 409.8 points. On the main board, PPSP (+0.46%), PPAP (+0.43%), and PAS (+0.17%) led the gains, while GTI (-0.33%) and ABC (-0.28%) posted losses. PWSA, PEPC, MJQE, and CGSM remained unchanged. On the growth board, DBDE declined by 0.48%, while JSL gained 0.98%. The session recorded a total trading volume of 31,745 shares, with a turnover of KHR 192 million. (Source: YSC Research)

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