Cambodia looks to Vietnam to boost cross-border trade

/ August 18, 2025


News Highlights

Economy and Industry

Cambodia looks to Vietnam to boost cross-border trade Cambodia and Vietnam have held talks to boost bilateral trade, a strategic move amid ongoing border tensions with Thailand. President Hun Sen and General Secretary To Lam discussed ways to spur bilateral trade, with a major goal of achieving $20 billion in bilateral trade in the near future. The robust Cambodia-Vietnam relationship reflects good neighborliness, traditional friendship, comprehensive cooperation, and long-term stability. The high volume of trade between the two countries reached approximately $7 billion in the first seven months of this year, with Cambodia exporting $3.8 billion to Vietnam and importing $3.2 billion. Lam congratulated Cambodia on its socio-economic development achievements and welcomed positive progress made by Cambodia and Thailand in addressing border-related issues. He stressed the importance of ASEAN's central role in promoting peace, stability, cooperation, and sustainable prosperity across the region. (Source: Khmer Times)

Plans unveiled for $35M port project in Kratie Cambodia is planning a $35 million multipurpose port in Preaek Prasab district, Kratie province, to boost investment and facilitate agricultural product transportation. The project is part of the government's special incentive programme, the Special Programme to Promote Investment in the Four Northeastern Provinces (SPIN Programme) 2025-2028, which focuses on agriculture, agro-industry, and tourism in the provinces of Kratie, Stung Treng, Ratanakiri, and Mondulkiri. The government has reduced the minimum capital requirement to $100,000, introduced targeted incentives, and established a dedicated working group to ensure efficiency and transparency. The SPIN Programme aims to drive inclusive growth by attracting private investment and integrating remote provinces into the national development agenda. The private sector has welcomed Cambodia's ambition to transform its four northeastern provinces into a dynamic investment zone and the country's fifth economic pole. Infrastructure improvements in the region, particularly in road networks and telecommunications, and the provinces' proximity to Laos and Vietnam, strengthen their appeal for agro-industrial development. (Source: Khmer Times)

June gross premium climbs to $32M in insurance market Cambodia's insurance sector saw a 13.8% growth in its total gross premium in June, reaching $32.4 million, according to a report from the Insurance Regulator of Cambodia (IRC). Life insurance saw a 17.6% increase to $19.7 million, while general insurance saw an 8.3% increase to $12.6 million. The total amount of claims paid out by insurers was $5.3 million, down 22.3% from $6.8 million in the same period last year. Endowment policies accounted for the largest share of life insurance sales at 74%, followed by term life at 17%. Property insurance recorded the highest sale at 44%, followed by vehicle and health insurance at 16% and 14%, respectively. The IRC is working to disseminate information about the insurance sector to help consumers understand its legal process and benefits. (Source: Khmer Times)

Corporate News

Li Auto launches in Cambodia through SDB Motor Group SDB Motor Group (Cambodia) has opened its Li Auto sales and after-sales in Cambodia, introducing luxury and intelligent electric vehicles from China. Sales Director Sor EngLeang stated that Li Auto is committed to creating safer, more comfortable, and more convenient smart electric vehicles for family users. On October 18, 2024, Li Auto achieved the record for the fastest 1 million deliveries among Chinese luxury car brands. The company believes that automobiles will evolve from mere transportation tools in the industrial era to spatial robots in the artificial intelligence era. By leveraging artificial intelligence, the physical world with the digital world integrates, enabling the extension of limited space into infinite possibilities. Li Auto aims to accomplish the "automobilization of artificial intelligence" and make artificial intelligence accessible to every family, focusing on the integration of the physical world with the digital world. (Source: Kiripost)

Stock Market

CSX ends at 405.0 points with mixed main board performance On 18 August 2025, the CSX Index rose by 0.16%, closing at 405.0 points. On the Main Board, PEPC (+3.57%), PAS (+0.50%), GTI (+0.29%), and ABC (+0.29%) posted gains, while MJQE (-0.50%) and PPAP (-0.29%) recorded losses. PWSA, PPSP, and CGSM remained unchanged. On the Growth Board, DBDE fell by 0.89%, while JSL gained 0.72%. Total trading volume reached 44,298 shares, with a turnover of KHR 207 million. (Source: YSC Research)

CSX Stocks


CSX Index

Value 1D % Chg 1D Vol Mkt Cap (KHR'bn)
404.98 0.16 44,298 10,862

Stock Performance

Stock Close (KHR) 1D chg (%) MTD chg (%) YTD chg (%) 1M high (KHR) 1M low (KHR) MTD vol (shr) Mkt cap (KHR'bn)
PWSA 6,220 0.00 0.65 -2.20 6,220 6,160 62,067 541
GTI 6,980 0.29 5.76 37.40 7,080 6,000 52,360 279
PPAP 13,560 -0.29 0.30 -2.02 13,840 13,500 3,249 280
PPSP 2,070 0.00 -2.36 -4.61 2,130 2,070 397,112 149
PAS 12,120 0.50 0.17 4.84 12,160 11,960 5,440 1,040
ABC 6,860 0.29 -0.58 -9.02 6,920 6,840 209,795 2,971
PEPC 2,610 3.57 -3.33 9.21 2,710 2,520 1,010 196
MJQE 1,990 -0.50 0.00 -4.33 2,000 1,980 88,386 645
CGSM 2,430 0.00 -0.41 0.00 2,450 2,430 55,027 4,761
DBDE 2,000 -0.99 -0.50 -2.91 2,020 1,990 18,591 37
JSL 2,780 0.72 0.00 -18.71 2,810 2,690 1,992 71
1D = 1 Day; 1M= 1 Month; MTD = Month-To-Date; YTD = Year-To-Date; Chg = Change; Vol = Volume; shr = share; Mkt cap = Market capitalization


Valuation Ratios

  EPS BPS* P/E P/B P/S EV/EBITDA
  ttm,mrq (ttm,KHR) KHR (ttm,x) (mrq,x) (ttm,x) (ttm,x)
PPWSA 1Q25 665 11,199 9.36 0.56 1.67 15.46
GTI 1Q25 55 7,057 126.33 0.99 0.84 42.65
PPAP 1Q25 2,951 22,115 4.60 0.61 1.57 3.96
PPSP 1Q25 468 3,866 4.42 0.54 1.49 4.31
PAS 1Q25 1,212 8,224 10.00 1.47 8.78 7.68
ABC 1Q25 544 13,790 12.61 0.50 4.34 NA
PEPC* 1Q25 -88 -17 NA -151.63 12.95 NA
MJQE 4Q24 37 307 53.61 6.49 3.93 11.96
CGSM 1Q25 26 606 92.36 4.01 6.89 16.59
JSL 1Q25 -8 685 NA 4.06 7.48 28.60
DBDE 1Q25 -12 1,840 NA 1.09 0.39 73.81
NOTE: ttm= trailing-twelve months; mrq = most recent quarter; *FY ending in June, **excluding non-voting shares

Corporate Bonds

Trading Summary


Bond Symbol Trading Vol (Units) Trading Val (KHR'mn) Latest Yield Credit Rating Bond Feature Coupon Rate (%) Days to Maturity
ABC32A 0 0.0 - - khAA Subordinated Bond 8.50% 2,349
ABC32B 0 0.0 - - KhAA Subordinated Bond 8.50% 2,391
CGSM33A 0 0.0 - - KhAAA Sustainability Bond SOFR +3% or 5.5% per annum, whichever is higher 3,011
CIAF28A 0 0.0 - - KhAAA N/A 6.30% Annually 1,215
CIAF30A 0 0.0 - - KhAAA Guaranteed Bond 5.60% 1,662
GT27A 0 0.0 - - N/A Plain Bond, Green Bond 7% per annum 840
PPSP29A 0 0.0 - - KhAAA Guaranteed Green Bond Term SOFR + 1.5% 1,402
RRC32A 0 0.0 - - N/A Plain Bond 7% Annually 2,610
RRGO27A 0 0.0 - - KhAAA Guaranteed Bond SOFR+3,5% or 5% per annum (take which one is higher) 857
RRGT32B 0 0.0 - - KhAAA Guaranteed Bond SOFR+3,5% or 5% per annum (take which one is higher) and Year 6 to Year 10: SOFR+3,75% or 5% per annum (take which one is higher) 2,684
SNTD40A 0 0.0 - - N/A Green Infrastructure Bond 180-Day SOFR Average + 1.80% 5,336
SNTD40B 0 0.0 - - N/A Green Infrastructure Bond 180-Day Average SOFR + 1.60% (4.00% - 6.00%) 5,336
SNTD40C 0 0.0 - - N/A Green Infrastructure Bond 180-Day SOFR Average + 3.00% 5,336
Government Bonds

Historical Issuance Summary

  1 Y 2 Y 3 Y 5 Y 10 Y
Total issuance ('K units) 238.1 312.0 187.3 18.0 0.0
Outstanding (KHR'bn) 0.0 0.0 0.0 0.0 0.0
Issuance ('K units, Latest) 34.0 0.0 12.0 8.0 0.0
Coupon rate (Latest) 2.70% 3.20% 3.50% 4.34% 5.25%
Successful yield (Latest) 3.25% - 3.50% 5.00% -
Latest bidding 23-Apr-25 21-May-25 25-Jun-25 45,861 45,525
*Total issuance is the accumulated issuance since September 2022; **Outstanding is aggregate principal value of government that remain outstanding; ***Successful yield: mid yields are shown if multiple price auction method was adopted.


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