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Smart Axiata Job Description Sector: Telecommunications, ICT, Digital & Cybersecurity Overview Tonle Bassac, Phnom Penh The Head of Accounting & Tax at Smart Axiata  is responsible for ensuring accuracy, compliance and efficiency in all financial control activities. This leadership role oversees accounting operations, tax management and financial compliance to meet both local and group-level standards. The position requires a strong understanding of Cambodian regulations, international standards and corporate governance. Department/Function: Finance & Accounting (Budgeting, Auditing, Treasury, Tax, Payroll) Key Duties & Responsibilities Lead and manage the Accounting & Tax team to deliver high quality and effective services. Ensure accounting and tax matters are completed with high accuracy, timeliness and compliance. Oversee daily accounting operations including accounts receivable, accounts payable, sales, trading inventory and payments. Implement and strengthen internal control policies and procedures for payment processing, inventory control, receivables and revenue recognition. Monitor daily operations and establish automation for manual processes to reduce human error and generate cost savings. Verify monthly tax returns and yearly submissions to ensure compliance and timely filing. Liaise with external consultants and tax authorities to resolve issues and support audits. Qualifications, Skills & Experience Bachelor’s degree in accounting, finance or a related field; complete ACCA preferred. Minimum of 5 years'  experience in financial and accounting management. Proven expertise in Cambodian tax, Cambodian accounting standards and IFRS compliance. Ability to lead, manage and develop a professional finance team . Excellent written and spoken communication skills in English . Strong analytical skills  with attention to detail. Proficiency in Microsoft Word, Excel  and PowerPoint . About Smart Axiata Smart Axiata  is Cambodia’s leading telecommunications provider, serving over 8 million customers nationwide. Employees benefit from a dynamic culture of innovation, digital inclusion and professional development opportunities. As part of the wider Axiata Group Berhad , staff gain access to international standards, career growth and the chance to contribute to Cambodia’s digital future. Salary Benchmark (compensation projections based on local market criteria) USD $3,800 to $5,800 per month, depending on experience* *For guidance only. Contact the hiring organisation directly for detailed salary information. Regional Comparison Cambodia:  $3,800 – $5,800 Telecom scale, multinational governance and audit readiness keep compensation at the upper end of local finance leadership bands. Laos:  $3,000 – $4,500 Market depth is thinner and fewer large multinationals operate at telecom scale, moderating pay despite high responsibility. Myanmar:  $2,800 – $4,200 Challenging operating conditions and a smaller formal corporate sector temper headline packages, even for senior roles. Thailand:  $6,000 – $9,500 Deeper executive talent markets, mature telecom competition and stronger demand for advanced IFRS and tax planning drive higher compensation. Vietnam:  $4,500 – $7,500 High-growth corporates and robust FDI increase competition for senior finance leaders, particularly those with Big Four and multinational backgrounds. Post Expiry: 31st October 2025

Park Hyatt Siem Reap Job Description Sector: Hotels, Restaurants, F&B, Hospitality, Tourism, Travel & Destination Management Overview Siem Reap, Cambodia The Learning Manager at Park Hyatt Siem Reap  is responsible for driving training initiatives across the hotel. The role ensures that service excellence, employee development and organisational standards are achieved through innovative training programmes. This position plays a critical role in shaping the guest journey by embedding Hyatt’s philosophy into every touchpoint. Department/Function: Training & Organisational Development (Capacity Building, Coaching, Career Pathing) Key Duties & Responsibilities Assist the Director of Human Resources in the efficient running of the Human Resources Division, ensuring compliance with Hyatt International policies and procedures. Oversee the creation, approval and protection of the hotel’s Training Academy materials and central library of resources. Lead the hotel’s focus on service excellence by developing and providing suitable training resources. Plan and monitor the hotel’s training budget, ensuring accurate financial reporting and compliance with regulations. Co-ordinate and monitor the hotel’s Training Plan, Training Calendar and departmental standards. Implement and localise Hyatt’s global training materials, including e-learning initiatives. Support the development of supervisory and management personnel through effective management training programmes. Qualifications, Skills & Experience A bachelor’s degree in human resources, hospitality management or a related field. Extensive experience in training or human resources management within the hospitality sector. Demonstrated track record in leading training programmes and organisational development. Strong understanding of hospitality service standards and training methodologies. Proficiency in Microsoft Office  and familiarity with e-learning platforms. Excellent written and spoken communication skills . Strong interpersonal skills and the ability to foster a collaborative learning culture. About Park Hyatt Siem Reap The Park Hyatt Siem Reap  opened in 2013 and has become one of the city’s most prestigious luxury hotels, blending contemporary elegance with traditional Khmer design. The hotel offers professional development opportunities, international brand standards and a culture that values people and service excellence. It is renowned for delivering refined guest experiences while supporting staff with innovative training and growth pathways. Salary Benchmark (compensation projections based on local market criteria) USD $1,800 to $2,700 per month, depending on experience* *For guidance only. Contact the hiring organisation directly for detailed salary information. Regional Comparison Cambodia:  $1,800 – $2,700 Luxury brand positioning and seasonality in a gateway leisure market drive packages, with benefits often tied to service quality metrics. Laos:  $1,300 – $2,100 Smaller upscale inventory and thinner talent pipelines influence offers, with international chains paying a premium in the capital and key heritage locations. Myanmar:  $1,400 – $2,200 Market volatility affects hiring and cash components, while established chains still benchmark against regional peers for experienced trainers. Thailand:  $2,300 – $3,800 High competition across mature resort and city segments lifts pay, particularly in five-star brands with structured leadership academies. Vietnam:  $1,900 – $3,000 Rapidly expanding upscale portfolios in major cities and coastal destinations sustain demand for experienced learning leaders. Post Expiry: 4th December 2025 (earlier if filled)

DKSH Cambodia Job Description Sector: Supply Chain, Logistics, Shipping, Port Services, Transport, Distribution & CEP (Courier, Express & Parcel) Overview Tonle Bassac, Phnom Penh The Senior Manager, Marketing Management at DKSH Cambodia  is responsible for shaping and implementing the organisation’s ethical marketing strategies. The role collaborates closely with sales, brand and healthcare professional communication teams to ensure alignment with business objectives. This position requires strong leadership in developing training programmes, executing campaigns and supporting sustainable business growth. Department/Function: Marketing, Branding & Communications (Digital Marketing, PR, Events, Market Research, Creative) Key Duties & Responsibilities Develop ethical marketing strategy and campaigns to support business growth and align with brand positioning. Lead launch readiness programmes for new product introductions, including pre-launch and post-launch plans. Collaborate with the brand team on healthcare professional communication plans, material development and roll-out. Conduct market analysis and develop strategic marketing plans, ensuring applicability for field force execution. Provide training and development to sales teams, including product knowledge and consultative selling skills. Build and manage relationships with key stakeholders, medical associations and opinion leaders to strengthen brand advocacy. Oversee event arrangements, promotional activities and continuing medical education initiatives in collaboration with partners. Qualifications, Skills & Experience Bachelor’s degree in marketing, business administration or a related discipline. Extensive experience in marketing management, preferably in pharmaceuticals or healthcare . Proven track record in developing and executing marketing strategy in highly regulated industries . Strong understanding of cross-cultural sensitivities and ability to manage diverse stakeholder relationships. Demonstrated proficiency in Microsoft Excel, Word and PowerPoint , with strong analytical and reporting skills. Excellent communication skills in English , both written and spoken. Ability to lead training programmes , engage key opinion leaders and collaborate across functions. About DKSH Cambodia DKSH Cambodia  was established in 1952 and re-entered the market in 1995, growing to employ over 1,800 staff today. The organisation is part of DKSH Group , a leading provider of market expansion services with a focus on Asia. It offers employees opportunities to grow professionally while contributing to advancing healthcare access and marketing excellence in Cambodia, combining international standards with local expertise as a trusted partner for clients and communities. Salary Benchmark (compensation projections based on local market criteria) USD $2,000 to $3,200 per month, depending on experience* *For guidance only. Contact the hiring organisation directly for detailed salary information. Regional Comparison Cambodia:  $2,000 – $3,200 Senior marketing managers in healthcare and ethical pharma generally fall in this corridor, with multinationals able to stretch towards the top end for strong bilingual or cross-border profiles. Laos:  $1,800 – $2,500 Packages are lower due to fewer multinational operators and a smaller healthcare market footprint. Myanmar:  $1,500 – $2,300 Political and economic challenges continue to suppress cash salaries, though international firms may still offer benefits to attract senior staff. Thailand:  $3,500 – $5,500 Thailand sets the regional benchmark, reflecting a developed healthcare and FMCG sector with strong demand for experienced marketing leaders. Vietnam:  $2,800 – $4,200 Rapid growth in healthcare and consumer markets sustains competitive salaries, especially in Ho Chi Minh City and Hanoi. Post Expiry: 3rd December 2025 (earlier if filled)

AirAsia Cambodia Job Description Sector: Supply Chain, Logistics, Shipping, Port Services, Transport, Distribution & CEP (Courier, Express & Parcel) Overview Tonle Bassac, Phnom Penh The Public Relations & Communications Manager at AirAsia Cambodia  will oversee strategic communications, media engagement and brand positioning in the Cambodian market. The role will involve developing and executing PR campaigns, liaising with media partners, and managing both internal and external communications. This position offers the opportunity to strengthen brand visibility while supporting the airline’s long-term growth. Department/Function: Marketing, Branding & Communications (Digital Marketing, PR, Events, Market Research, Creative) Key Duties & Responsibilities Develop, implement and monitor strategic communications and public relations plans. Build and maintain relationships with journalists, media outlets and stakeholders. Manage press releases, media briefings and crisis communications. Oversee social media engagement and digital communications strategies. Collaborate with regional teams to ensure brand consistency. Lead internal communications to align staff with corporate objectives. Track and evaluate media coverage and communication outcomes. Qualifications, Skills & Experience A degree in communications, public relations, journalism or a related field. Extensive professional experience in communications or PR. Proven track record in managing media relations and communication campaigns. Strong understanding of corporate branding and stakeholder engagement. Excellent writing and presentation skills in English  and Khmer . Proficiency with Microsoft Office  and digital communication tools. Ability to manage crisis communications  and work under pressure. About AirAsia Cambodia AirAsia Cambodia  is a joint venture between AirAsia Aviation Group  and local partner Sivilai Asia , launched to expand affordable air travel within Southeast Asia. The organisation offers dynamic career opportunities, exposure to regional operations and a supportive work environment. As part of one of Asia’s most recognised airline brands, employees contribute to shaping Cambodia’s aviation future. Salary Benchmark (compensation projections based on local market criteria) USD $2,000 to $3,000 per month, depending on experience* *For guidance only. Contact the hiring organisation directly for detailed salary information. Regional Comparison Cambodia:  $2,000 – $3,000 Competitive by local standards, reflecting the emerging aviation and travel sector. Laos:  $1,500 – $2,300 Lower market scale and fewer airlines or consumer-facing corporates keep salaries below Cambodian benchmarks. Myanmar:  $1,400 – $2,200 Economic uncertainty and fewer corporate communications structures suppress pay, even for high-responsibility roles. Thailand:  $2,800 – $4,300 Bangkok offers a developed PR and media market with strong competition, leading to higher compensation levels. Vietnam:  $2,200 – $3,600 Fast-growing consumer, tech and aviation industries drive competitive salaries for communications managers. Post Expiry: 3rd December 2025 (earlier if filled)

Institut Pasteur du Cambodge Job Description Sector: Healthcare, Medical, Pharmaceuticals, BioTech, Wellness, Leisure, Occupational Health & Safety (OHS) & Security Services Overview Srah Chak, Phnom Penh The Senior Biostatistician at Institut Pasteur du Cambodge (IPC)  will lead statistical design and analysis for complex epidemiological studies that inform public health action. The role partners with investigators and data teams to plan analyses, validate methods and translate findings. You will help ensure methodological quality, reproducibility and impact across IPC’s research portfolio. Department/Function: Data, Analytics & Business Intelligence (Data Science, Reporting, Performance Monitoring) Key Duties & Responsibilities Develop and oversee statistical analysis plans for observational and interventional studies, ensuring methodological rigour throughout the research lifecycle. Perform advanced analyses using regression, survival, mixed models, geospatial methods and Bayesian approaches in R , Stata  or Python . Design studies and protocols, including sampling strategies, power calculations and data management considerations. Analyse data from surveys, cohorts, case-control studies, clinical trials and routine surveillance systems, and validate results. Collaborate closely with principal investigators, clinicians, data managers and policy partners to meet analytical needs and timelines. Supervise and mentor junior analysts and PhD students, and deliver training in biostatistics and epidemiological methods. Prepare contributions to manuscripts, technical reports, grant proposals and presentations for national and international audiences. Qualifications, Skills & Experience PhD in biostatistics  or a related field (statistics, mathematics, epidemiology, data science). Minimum 5 years'  applied biostatistics experience in epidemiology, public health or clinical research settings. Proficiency in R , Stata  or Python  with reproducible workflows and version control. Demonstrated track record of delivering high-quality statistical analysis  for diverse study designs. Strong understanding of study design, sample size, Bayesian methods  and inference. Ability to communicate complex findings clearly to non-specialists in written and spoken English ; French or Khmer is a plus. Experience mentoring analysts, delivering training and collaborating within multidisciplinary teams . About Institut Pasteur du Cambodge Institut Pasteur du Cambodge (IPC)  is a non-profit research institute established in 1953 and a member of the global Pasteur Network operating under the patronage of Cambodia’s Ministry of Health. Working at IPC offers the chance to contribute to impactful public health research in a collaborative, international environment with strong professional development support. IPC values integrity, inclusion and scientific excellence, and partners widely across Cambodia and worldwide. Salary Benchmark (compensation projections based on local market criteria) USD $2,500 to $3,800 per month, depending on experience* *For guidance only. Contact the hiring organisation directly for detailed salary information. Regional Comparison Cambodia : $2,500 – $3,800 Internationally funded research and supervisory scope lift compensation above typical local market roles. Laos : $1,800 – $2,800 Smaller research ecosystems and fewer large sponsors temper pay levels compared with neighbours. Myanmar : $2,000 – $3,200 INGOs and public-health projects sustain competitive offers despite a challenging operating environment. Thailand : $2,800 – $4,200 A deeper life-sciences market, pharma presence and mature research infrastructure push salaries higher. Vietnam : $2,400 – $3,600 Robust data science and clinical research pipelines create steady demand, with pay buoyed by multinational partnerships. Post Expiry: 30th October 2025

Tilleke & Gibbins Job Description Sector: Legal, Compliance, Governance, Ethics, Quality Assurance, Human Resources, Recruitment & Consulting Overview Srah Chak, Phnom Penh The Associate, Intellectual Property at Tilleke & Gibbins  will advise clients on a broad range of intellectual property matters and regulatory issues. The role spans trademark and patent filings, anti-counterfeiting strategies and enforcement actions with Cambodian authorities. You will coordinate submissions, track progress and support clients through negotiations and compliance processes. Department/Function: Legal, Compliance & Risk Management (Regulatory Affairs, Contract Law, Internal Audit) Key Duties & Responsibilities Advise and assist clients on intellectual property registration, anti-counterfeiting strategies and enforcement actions with relevant authorities. Prepare and file high volumes of trademark and patent applications, including urgent filings when required. Manage end-to-end actions to obtain, maintain and defend clients’ intellectual property rights, ensuring timely submissions and responses. Monitor third-party activities that may impinge on clients’ rights, and pursue appropriate remedies. Liaise with ministries, the Department of Intellectual Property Rights  and other stakeholders; travel within Phnom Penh as needed. Translate documents between Khmer and English, and review third-party translations for accuracy. Maintain meticulous records, report filing particulars and track publication and registration progress. Qualifications, Skills & Experience Bachelor's degree in law  or a related field. Experience in a professional legal or IP environment is an advantage. Demonstrated track record handling multiple matters under time constraints with a strong service mindset . Solid understanding of intellectual property procedures, filings and regulatory pathways . Ability to organise and prioritise work independently while contributing to a collaborative team. Excellent written and spoken English  with strong interpersonal communication. Proficiency with document management and office productivity tools, including Microsoft 365  and Google Workspace . About Tilleke & Gibbins Tilleke & Gibbins  is a leading regional law firm serving clients across Southeast Asia, with its Phnom Penh office established in 2015. Colleagues benefit from high-quality work, professional development and exposure to cross-border mandates. The firm fosters a supportive environment that values integrity, client service and continuous learning. Salary Benchmark (compensation projections based on local market criteria) USD $1,500 to $2,500 per month, depending on experience* *For guidance only. Contact the hiring organisation directly for detailed salary information. Regional Comparison Cambodia:  $1,500 – $2,500 Typical range for associate-level IP roles in international firms; compensation may reflect language skills and filing intensity. Laos:  $1,000 – $1,600 The market remains small and less complex; salaries are moderate with limited growth pathways. Myanmar:  $900 – $1,500 Political and economic uncertainty continues to suppress legal sector pay levels. Thailand:  $2,000 – $3,500 Strong IP enforcement demand and cost of living push salaries higher in Bangkok and regional hubs. Vietnam:  $1,500 – $2,800 Expanding IP caseload and cross-border work support competitive pay in Ho Chi Minh City and Hanoi. Post Expiry: 3rd December 2025 (earlier if filled)

Tilleke & Gibbins Report Description 20th February 2025 (PDF, 14 pages) This Tilleke & Gibbins  contribution to the Foreign Investment Review 2025, Cambodia, provides a comprehensive legal and regulatory analysis of foreign investment oversight, covering laws, procedures and competition frameworks, while highlighting new regulatory developments affecting mergers and acquisitions. Summary The guide explains Cambodia’s approach to foreign investment, noting the absence of extensive review mechanisms but outlining relevant laws and compliance requirements. It also highlights how recent competition law reforms and notification thresholds impact cross-border investors: Law on Investment  guarantees equal treatment for foreign and domestic investors, but restrictions remain on foreign ownership of land. Qualified Investment Projects (QIPs)  benefit from tax holidays of up to 9 years  and exemptions on import duties. Cambodia’s economy is highly dollarised , with the US dollar widely used in transactions and foreign exchange operations guaranteed free transfer rights. Key regulations  include the Law on Commercial Enterprises , the Law on Competition and the Law on Foreign Exchange , with recent updates clarifying merger controls. The Competition Commission of Cambodia  has broad discretion in reviewing mergers, with thresholds triggering notification at approx. USD $7.6 million to USD $246.5 million,  depending on the sector. Penalties for violations of the Competition Law include fines of up to 80% of revenue  and potential withdrawal of licences or imprisonment. In March 2023 , three new regulations were issued to strengthen merger review and enforcement, introducing detailed thresholds, procedures and penalties. About Foreign Investment Review The Foreign Investment Review  series provides jurisdiction-specific analyses of foreign investment laws and oversight procedures across multiple countries. Each edition examines policy frameworks, review processes and trends, offering legal and practical insights for investors. The Cambodia chapter is part of a comparative global series hosted by Lexology , updated annually with contributions from leading law firms   About Tilleke & Gibbins Established in Bangkok in 1890,  Tilleke & Gibbins  is a leading Southeast Asian law firm with offices across the region, recognised for expertise in corporate and commercial law. Today, it has over 250 lawyers and consultants across Cambodia, Indonesia, Laos, Myanmar, Thailand and Vietnam. The firm advises international investors on regulatory compliance, competition and investment structuring. The firm opened its Phnom Penh office in 2015, building upon long-standing representation of clients active in Cambodia, and contributes regularly to global legal reviews and investment-focused publications. tilleke.com

World Bank Report Description 3rd June 2024 (PDF, 60 pages) This edition of the World Bank ’s Cambodia Economic Update provides a detailed assessment of recent macroeconomic trends, policy challenges and opportunities for structural transformation, with a special focus on strengthening Cambodia’s education system. Summary The report highlights how Cambodia’s economy is showing signs of revival, supported by rising exports and gradual improvements in tourism. It also underscores risks from financial sector vulnerabilities and fiscal pressures, while offering targeted recommendations to sustain growth and resilience: Goods exports grew 17.2%  y/y in Q1 2024, reaching USD $6.3 billion, driven by garments, travel goods, footwear and agricultural commodities. ASEAN became Cambodia’s second-largest export market, accounting for 28% of total exports, up from 24.7% in 2023. Agricultural exports surged 28.1% y/y , reaching USD $1.1 billion , making Cambodia one of the top nine rice producers globally. FDI inflows accelerated by 149.8% , with USD $455 million approved in Q1 2024 under the Qualified Investment Project (QIP) scheme. The current account surplus hit 1.7% of GDP in 2023, supported by exports, tourism receipts and remittances. Domestic credit growth slowed sharply, dropping to 4.6% y/y in February 2024, the lowest in two decades, as property development cooled. GDP growth is projected at 5.8% in 2024, rising to 6.1% in 2025 and 6.4% in 2026, underpinned by diversified exports and infrastructure investment. About Cambodia Economic Update The Cambodia Economic Update is a biannual report produced by the World Bank since 2009. It tracks macroeconomic performance, sectoral trends and policy developments in Cambodia. Each edition provides forward-looking assessments of risks and opportunities for policymakers, investors, and development partners.   About the World Bank The World Bank is a leading international financial institution dedicated to reducing poverty and supporting sustainable development across the globe. In Cambodia, the World Bank has been a long-standing partner, providing policy advice, financing and analytical work to strengthen economic resilience, improve governance and support inclusive growth. worldbank.org

World Bank Report Description 1st December 2024 (PDF, 58 pages) The World Bank  has released its latest Cambodia Economic Update, December 2024 , providing a comprehensive analysis of Cambodia’s macroeconomic conditions, sectoral performance and financial stability outlook, while placing special emphasis on the structural and business barriers that continue to hinder labour productivity. Summary The report highlights Cambodia’s modest economic gains, showing recovery in exports and services alongside persistent weaknesses in the property sector and domestic credit. It also identifies critical reforms needed to improve productivity and resilience in the medium term: GDP growth is projected at 5.3% in 2024, rising to 5.5% in 2025 and 2026, supported by exports and tourism. Merchandise exports  expanded by 13.9% y/y , driven by garments, travel goods and footwear. International tourist arrivals reached 4.3 million , up 22.5% y/y , but average spending per tourist fell sharply. Approved FDI-financed projects  under the QIP scheme grew by 24.3% y/y , hitting US$1.12 billion in the first eight months of 2024. Inflation  dropped to a 15-year low of 0.3% y/y  in August 2024 due to easing food and oil prices. Non-Performing Loans (NPLs)  rose to 6.8% in the banking sector and 8.3% in microfinance, signalling rising financial stress. Structural reforms identified include reducing corruption, improving infrastructure and skills, and digitising business processes to boost labour productivity . About Cambodia Economic Update The Cambodia Economic Update is a biannual report produced by the World Bank since 2009. It tracks macroeconomic performance, sectoral trends and policy developments in Cambodia. Each edition provides forward-looking assessments of risks and opportunities for policymakers, investors, and development partners.   About the World Bank The World Bank is a leading international financial institution dedicated to reducing poverty and supporting sustainable development across the globe. In Cambodia, the World Bank has been a long-standing partner, providing policy advice, financing and analytical work to strengthen economic resilience, improve governance and support inclusive growth. worldbank.org

World Bank Report Description 20th June 2025 (PDF, 49 pages) The World Bank ’s Cambodia Economic Update, June 2025 edition, provides a timely and in-depth assessment of Cambodia’s macroeconomic developments, sectoral performance, and fiscal challenges, with a special focus on strengthening domestic revenues for future growth. Summary The report analyses Cambodia’s economic resilience in the face of global trade policy shifts and domestic vulnerabilities. It explores growth prospects, fiscal reforms and the implications for poverty reduction and investment opportunities: Real GDP growth  is projected at 4.0% in 2025, rising to 4.5% in 2026, reflecting slower manufacturing exports and global uncertainties. Goods exports  grew by 11.6% y/y  in Q1 2025, with garments, travel goods and footwear driving expansion, although agriculture exports contracted. International arrivals  rose by 16.1% y/y, bu t tourism numbers remain below 2019 levels, underscoring a gradual recovery in services exports. Domestic investment  slumped, with approved QIP projects falling 96.7% y/y , reducing domestic investment to just 2.1% of total. Non-Performing Loans (NPLs)  increased sharply, reaching 7.9%  in banking and 9.0%  in microfinance by end-2024, highlighting financial stability concerns. Public debt  stood at 25.9% of GDP in 2024, considered low, while the fiscal deficit narrowed to 2.7% of GDP in 2025. Revenue mobilisation reforms , including VAT and excise expansion, are critical to fund the government's Pentagonal Strategy and social spending priorities. About Cambodia Economic Update The Cambodia Economic Update is a biannual report produced by the World Bank since 2009. It tracks macroeconomic performance, sectoral trends and policy developments in Cambodia. Each edition provides forward-looking assessments of risks and opportunities for policymakers, investors, and development partners.   About the World Bank The World Bank is a leading international financial institution dedicated to reducing poverty and supporting sustainable development across the globe. In Cambodia, the World Bank has been a long-standing partner, providing policy advice, financing and analytical work to strengthen economic resilience, improve governance and support inclusive growth. worldbank.org

AMRO Report Description 5th September 2024 (PDF, 74 pages) In its latest country assessment, ASEAN+3 Macroeconomic Research Office (AMRO)  presents a detailed review of Cambodia’s economic trajectory in 2024, examining structural shifts, external headwinds, and policy responses. The report outlines how growth, inflation, financial stability and fiscal trends are shaping long-term competitiveness. Summary The publication evaluates Cambodia’s economic momentum with particular attention to sectoral shifts, external vulnerabilities and financial sector risks. It also provides detailed macroeconomic projections, identifies potential risks and outlines fiscal, monetary and structural policy reforms for future stability and growth: GDP growth  slowed to 5.0% in 2023, with forecasts of 5.6% in 2024 and 5.9% in 2025, driven by garments, tourism and non-garment manufacturing. Inflation  declined sharply to an average of 2.1% in 2023, after peaking at 7.8% in mid-2022, influenced by global food and oil prices. The real estate sector  remained weak, with 72,000 unsold condominium units  and oversupply in landed housing, despite government tax incentives. Current account  turned into a surplus of 1.3% of GDP in 2023, supported by reduced imports and a strong rebound in services and tourism. The financial sector saw credit growth fall to 4.2% in late 2023, while non-performing loans rose to 6.2% for banks and 7.4% for MFIs in early 2024. The fiscal deficit widened to 4.6% of GDP in 2023, though it is expected to narrow gradually; public debt is projected to rise moderately to 30.2% of GDP by 2028. Key risks include slower growth in China, the US and Europe , global commodity price shocks and weak real estate. About AMRO Annual Consultation Report The Annual Consultation Report series is produced by AMRO to monitor and evaluate the macroeconomic conditions of its ASEAN+3 member economies. AMRO began producing country-level surveillance reports shortly after its establishment in 2011, and Cambodia has been covered regularly since then. Each report is based on in-country consultation missions with government agencies, regulators and stakeholders, and provides independent assessments of economic developments, risks and policy challenges.   About AMRO The ASEAN+3 Macroeconomic Research Office (AMRO)  is an international organisation, headquartered in Singapore, established to support macroeconomic and financial resilience and stability in the ASEAN+3 region. It operates as an independent research and surveillance unit, supporting the Chiang Mai Initiative Multilateralisation (CMIM) , a regional liquidity and financial stability mechanism. AMRO serves 14 member economies: the 10 ASEAN countries, plus China, Hong Kong (China), Japan and South Korea, and carries out several core functions, including macroeconomic surveillance, CMIM-related support, technical assistance, annual consultation reports, policy advice and operating as a regional knowledge hub. amro-asia.org

AMRO Report Description 21st December 2023 (PDF, 68 pages) This comprehensive report from the ASEAN+3 Macroeconomic Research Office (AMRO)  provides an in-depth macroeconomic assessment of Cambodia in 2023, highlighting growth performance, financial stability, fiscal challenges and policy priorities to support sustainable recovery. Summary The study analyses Cambodia’s economic recovery trends, external sector performance, and fiscal conditions in detail. It also highlights risks and vulnerabilities while recommending structural reforms to sustain long-term growth: GDP growth is projected at 5.3% in 2023 and 6.2% in 2024, supported by tourism recovery and domestic consumption. Headline inflation to decline to 2.6% in 2023 from 5.3% in 2022, driven by lower oil and food prices. The current account balance  turned into a 1.7% surplus of GDP in H1 2023 but is expected to register a 2.6% deficit in 2023. Real estate sector weakness  persists due to oversupply, slower sales and liquidity issues despite government support measures. The Non-Performing Loan (NPL) ratio  rose to 4.8% for banks in July 2023, but capital adequacy and liquidity buffers remain strong. The fiscal deficit widened to 6.2% of GDP in 2023, reflecting expanded cash transfer programmes, wage rises and infrastructure spending. Key policy priorities include rebuilding fiscal buffers , cautious monetary normalisation, strengthening financial supervision and advancing structural reforms under the Pentagonal Strategy . About AMRO Annual Consultation Report The Annual Consultation Report series is produced by AMRO to monitor and evaluate the macroeconomic conditions of its ASEAN+3 member economies. AMRO began producing country-level surveillance reports shortly after its establishment in 2011, and Cambodia has been covered regularly since then. Each report is based on in-country consultation missions with government agencies, regulators and stakeholders, and provides independent assessments of economic developments, risks and policy challenges.   About AMRO The ASEAN+3 Macroeconomic Research Office (AMRO)  is an international organisation, headquartered in Singapore, established to support macroeconomic and financial resilience and stability in the ASEAN+3 region. It operates as an independent research and surveillance unit, supporting the Chiang Mai Initiative Multilateralisation (CMIM) , a regional liquidity and financial stability mechanism. AMRO serves 14 member economies: the 10 ASEAN countries, plus China, Hong Kong (China), Japan and South Korea, and carries out several core functions, including macroeconomic surveillance, CMIM-related support, technical assistance, annual consultation reports, policy advice and operating as a regional knowledge hub. amro-asia.org