Investing in Cambodia 2023 and Beyond
- Andrew Millar
- Aug 7
- 2 min read
Updated: Aug 8
KPMG Cambodia
Report Description
PDF, 56 pages
This guide presents a comprehensive overview of Cambodia’s investment climate in 2023, highlighting macroeconomic forecasts, sectoral strengths and regulatory frameworks.
Summary
The report showcases major economic indicators, including GDP growth, inflation projections and currency movements, while highlighting changes in the capital market landscape via the Cambodia Securities Exchange. It further outlines investment incentives and compliance requirements, ending with a summary of Cambodia’s primary strengths in drawing foreign investment:
Cambodia’s economy is poised to grow by 5.3% in 2023 and 6.7% in 2024, while inflation cools to 2.5% in 2023 and 2.7% in 2024.
The economy benefits from the Cambodia‑China FTA and RCEP (2022–26), reducing regulatory uncertainty and boosting foreign direct investment; the country retains labour competitiveness despite rising wages.
Cambodia’s banking sector remains the primary capital source, with structured minimum capital requirements: e.g., KHR 200 billion (~US$50 million) for foreign‑branch commercial banks rated investment grade, and lower thresholds for specialised and microfinance institutions.
The Cambodia Securities Exchange (CSX) lists 9 companies (as of 31st March 2023), including state‑owned utilities and private firms, alongside corporate and government bonds, with clear trading, settlement (T+2) and clearing fee rules.
Foreigners cannot own land outright but may secure renewable long‑term leases of up to 100 years or acquire freehold ownership of certain condominiums.
Key business sectors such as garments, light manufacturing, automotive parts, luggage and furniture continue to attract substantial foreign investment.
Cambodia benefits from ASEAN and WTO memberships, offering trade advantages, duty‑free or preferential export access, low labour costs and a dynamic workforce.
About Investing in Cambodia 2023 and Beyond
This guide forms part of KPMG’s ongoing Investing in Cambodia series, which examines evolving investment opportunities in Cambodia through annual editions.
Each edition presents updated macroeconomic forecasts, regulatory developments, sector analyses and practical guidance for investors, reinforcing Cambodia’s outlook as an attractive and informed destination for FDI.
KPMG Cambodia
KPMG Cambodia is a member firm of the global KPMG organisation, operating in Cambodia as part of an international network of professional services firms.
It delivers audit, tax, advisory and deal-advisory services, leveraging local insight and global expertise to support businesses navigating Cambodia’s regulatory landscape and investment environment.