Cambodia's economy forecast to expand 5.2% in FY25, says MEF

Economy and Industry

Cambodia's economy forecast to expand 5.2% in FY25, says MEF Cambodia's Macroeconomic Situation and Outlook for 2025 and 2026 report predicts GDP growth of 5.2% in 2025 and 5.0% in 2026, in line with the Medium-Term Fiscal Framework published in May. The report highlights the resilience of key sectors, including agriculture, garment manufacturing, non-garment manufacturing, tourism, wholesale and retail trade, and construction and real estate. Agriculture is expected to record stable gains, while the garment sector will see strong growth in the first half of 2025. Non-garment manufacturing, particularly electronics, furniture, and tyre production, will maintain positive momentum. Tourism and related services continue to expand, while wholesale and retail trade remain upward. The construction and real estate sector is gradually recovering, driven by high-end residential projects and industrial facilities. However, Cambodia's macroeconomic outlook remains clouded by heightened uncertainty, with trade disruptions, tariffs, and regional tensions emerging as key risks. The Royal Government is pursuing a dual strategy: addressing immediate and short-term disruptions while advancing medium- to long-term structural reforms. (Source: Khmer Times)

Border trade between Thailand and Cambodia falls sharply The Ministry of Commerce of Thailand (MOC) reported a 9.5% YoY drop in bilateral trade between Thailand and Cambodia in June, with Thailand sustaining a loss of $83.6 million compared to Cambodia's estimated loss of $15.8 million. The decline in trade was largely due to ongoing border clashes, import bans, and tighter checkpoint controls disrupting key exports and trade flows. The growth forecast for border and transit trade between the two Kingdoms in 2025 has been cut to 2%, down from the previous 3% target, due to the combined impact of border clashes and boycotts. Thai exports were valued at approximately $740 million, a decline of 11.2%, driven largely by reduced shipments of diesel and other refined petroleum products following Cambodia's ban on fuel imports. In contrast, Cambodian exports to Thailand fell by a smaller margin, down approximately 21% to 1.95 billion baht ($58 million), resulting in an estimated loss of 530 million baht ($15.8 million). (Source: Khmer Times)

$297.6 million SEZ Planned by U.S. firm along the Mekong River An American company is planning to invest $297.6 million in Cambodia to develop a special economic zone (SEZ) along the Mekong River, aiming to attract European and US manufacturers and strengthen Cambodia's role in regional and global trade. The investment will span nearly 100 hectares and will focus on strengthening Cambodia's industrial base and integrating the country into higher-value global supply chains. The first phase will prioritize processing and furniture manufacturing industries to generate export revenue and create skilled job opportunities. The second phase will expand into heavy industries and technology-based sectors, enabling Cambodia to diversify its industrial base and enhance its competitiveness in advanced manufacturing and value-added production. The Mekong River will play a pivotal role in the project's success, as it will become a major commercial goods transportation route linked to the sea through the planned Funan Techo Canal. (Source: Khmer Times)

Corporate News

Wing Bank and Singapore Airlines debut points-to-miles exchange in Cambodia Wing Bank and Singapore Airlines have partnered to launch Cambodia's loyalty points-to-miles exchange program, enabling users to convert their WingPoints into KrisFlyer miles. The partnership aims to enhance customer experience and promote digital financial ecosystems. Wing Bank customers can convert their WingPoints into KrisFlyer miles, allowing them to turn everyday banking and Wingmall purchases into global travel opportunities. KrisFlyer miles earned can be used to offset airfares with Singapore Airlines or redeemed for products from KrisShop's extensive omni-channel catalogue. As a launch bonus, customers will receive 1,000 WingPoints for every successful conversion. To celebrate the launch, Wing Bank users can enjoy an exclusive travel promotion with Singapore Airlines, offering a 5% discount on round-trip fares from Phnom Penh to Singapore. (Source: Cambodia investment Review)

Stock Market

CSX index slips 0.16% as mixed performances emerge across boards On 14 August 2025, the CSX Index fell by 0.16%, closing at 405.5 points. On the Main Board, PWSA (+0.65%) posted gains, while PPSP (-0.48%), CGSM (-0.41%), and PEPC (-0.41%) recorded losses. GTI, PPAP, PAS, ABC, and MJQE remained unchanged. On the Growth Board, DBDE rose by 0.50%, while JSL declined by 0.36%. Total trading volume reached 77,072 shares, with a turnover of KHR 337 million. (Source: YSC Research)

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