Cambodia’s Financial Stability Amid Global Economic Uncertainty.

Global economic turbulence continues to intensify as geopolitical tensions rise and trade restrictions re-emerge. Institutions such as the World Bank and the International Monetary Fund have warned that a significant economic downturn may be unavoidable, and JP Morgan has predicted that the global economy could enter recession by the end of 2025. Cambodia, as an open and trade-reliant economy, faces exposure to these shifting conditions. Nevertheless, its economic growth has remained steady, supported by strong fundamentals and disciplined macroeconomic policy. Cambodia’s core growth engines, including exports, tourism, and investment, are sensitive to external shocks, yet the resilience demonstrated thus far reinforces confidence in the nation’s stability.

Read more: Can Cambodia Become Southeast Asia’s Next Startup Powerhouse?

Policy Leadership Underpins Confidence

The National Bank of Cambodia (NBC) has played a central role in maintaining financial momentum through prudent and flexible oversight. Its most recent semester report highlights stable exchange rates, declining interest rates, and low inflation. These outcomes have protected household purchasing power and reinforced investor trust. Despite the structural challenge of dollarisation, the stability of the exchange rate has served as an effective buffer against external volatility. NBC Governor Chea Serey reaffirmed the institution’s commitment to economic safeguarding, stating: “Maintaining macroeconomic stability and building resilience is crucial not only for financial markets but also for the livelihoods of citizens.” Efforts to increase the use of the Cambodian riel reflect longer-term goals of strengthening monetary sovereignty and enhancing regional payment connectivity within ASEAN and ASEAN+3 frameworks.

Resilient Banking and Expanded Regulation

As global markets contend with inflation risks and fragile recovery, Cambodia’s banking institutions remain stable and well-capitalized. The NBC has intensified risk-based supervision and introduced additional prudential regulations to safeguard financial assets. Work continues on a depositor protection program to shield public savings. Both the Association of Banks in Cambodia (ABC) and the Cambodia Microfinance Association (CMA) collaborate closely with the regulator to prevent systemic risks while encouraging lending in strategically essential sectors such as agriculture, real estate, and MSMEs. The NBC also prioritizes consumer protection, digital security, and financial literacy campaigns to strengthen trust and ensure that citizens avoid online financial fraud.

Sustainable Finance and AML Strengthening

Cambodia is aligning its financial system with global sustainability standards. The NBC’s green finance roadmap aims to influence lending practices and promote environmentally responsible investment. Simultaneously, the Cambodia Financial Intelligence Unit (CFIU) has intensified anti-money laundering (AML) and counter-terrorism financing (CTF) enforcement. Enhanced training and international cooperation help ensure compliance with global norms, reinforcing investor confidence while protecting financial integrity.

Navigating External Challenges in 2025 and Beyond

Despite its strength, Cambodia’s financial sector must be cautious. Export competitiveness may be tested by protectionist policies, trade wars, and softer global consumer demand. Domestically, slow construction and elevated debt burdens challenge credit growth. Rising non-performing loans (NPLs) require continued vigilance. Changes in global interest rates and capital flows could also provoke volatility. Ongoing prudential supervision and sufficient reserve maintenance will be essential in mitigating these risks.

Read more: Phnom Penh Land Prices in 2025

Nearly $100 Billion in Financial Assets

The NBC report reveals noteworthy performance indicators. Total assets in the financial system grew to approximately $97.1 billion in the first half of 2025, an increase of 7.3 percent. Deposits surged by 14.5 percent, reaching $61.5 billion, demonstrating ongoing trust among households and businesses. Cambodia’s expanding financial network comprises hundreds of licensed institutions, thousands of branches, and nearly 6,000 ATMs nationwide. Over 28 million deposit accounts and 4.3 million loan accounts are now active, showing continued improvement in nationwide access to formal finance.

Credit Performance and Market Behavior

Credit from deposit-taking institutions rose by 2.9 percent to $59.1 billion, supporting key economic sectors such as real estate, retail trade, agriculture, and construction. Deposit interest rates eased, improving liquidity and encouraging investment. Loan rates in riel declined, although US dollar lending rates remained relatively stable. These trends indicate cautious recovery and a stronger competitive environment for borrowers.

Confidence as a Source of Strength

NBC Governor Chea Serey concluded that national resilience relies not only on markets and policies but on public trust. “Cambodia’s resilience reflects not just strong fundamentals, but the confidence of its people in the nation’s financial system. It is this confidence that will continue to drive our economic strength amid an unpredictable world.”

Read more: 5 Reasons Why Chrey Thom Will Become Cambodia’s Next Economic Hub

Banking and Microfinance: Parallel Engines of Inclusion

The Association of Banks in Cambodia confirms that peace, political stability, and macroeconomic discipline support nationwide investor confidence. ABC spokesperson Sok Chan emphasized compliance and digital transformation as strategic priorities, stating that ongoing regulatory strengthening and consumer protection remain integral to sectoral trust. Deposit growth continues to surpass credit growth, reinforcing liquidity.

Microfinance institutions remain essential to rural economies and financial accessibility. CMA spokesperson Kaing Tongngy highlighted that MFIs support a vast share of national borrowers through responsible lending practices, digital expansion, and educational outreach. Comprehensive borrower data from the Credit Bureau Cambodia reduces overlapping risk while ensuring inclusion in formal finance structures.

A Financial System Committed to the Future

Cambodia’s banking and microfinance sectors remain well-positioned to sustain economic growth, even as global conditions fluctuate. Strong capital buffers, a widening digital ecosystem, risk-aware lending strategies, and enhanced regulation collectively reinforce sectoral safety. The outlook remains stable despite manageable challenges, and capacity for future expansion remains robust.

Indonesian Night Market to Light Up Phnom Penh’s Chaktomuk Walking Street.

The vibrant flavors, music, and colors of Indonesia are set to illuminate Phnom Penh as the city prepares to host the upcoming “Indonesian Night Market” on Chaktomuk Walking Street this November. The event, scheduled for November 22 or 23, 2025, promises to bring a slice of Indonesia’s cultural richness to Cambodia’s capital through food, art, and performance.

What is Phnom Penh’s Chaktomuk Walking Street?

Located along the picturesque riverside where the Tonle Sap, Mekong, and Bassac Rivers meet, Chaktomuk Walking Street has quickly become one of Phnom Penh’s most popular leisure destinations. The street comes alive on weekends and holidays, transforming into a vibrant pedestrian zone filled with food stalls, cultural performances, and local vendors showcasing Cambodia’s creative energy.

Why Is It Special?

Chaktomuk Walking Street stands out as a family-friendly and community-focused attraction in the heart of Phnom Penh. It offers a safe, car-free space for people to enjoy evening strolls, street food, live music, and art performances while overlooking the glittering riverside skyline.

The street is also part of the city’s broader effort to promote urban tourism and cultural identity, creating an atmosphere similar to walking streets in regional cities like Bangkok or Hanoi but with a distinctly Cambodian charm. It’s a place where locals, expats, and tourists mingle, celebrate, and experience Phnom Penh’s growing cultural heartbeat.

Read more: 5 Romantic Reasons Why Angkor Wat Is the World’s New Hotspot for Marriage Proposals

When to Visit

The best time to visit Chaktomuk Walking Street is during the weekends, particularly Friday to Sunday evenings from around 5:00 PM to 10:00 PM, when the area is officially closed to traffic and turns into a bustling night scene. The cooler evening weather, the glow of riverside lights, and the aroma of freshly cooked street food make it a perfect spot for a relaxed outing.

What You Need to Know

• Getting there: Located near the Royal Palace and the Riverside area, the street is easily accessible by tuk-tuk or on foot from central Phnom Penh.
• Safety: The area is well-patrolled and family-friendly, making it suitable for both locals and tourists.
• Local experience: Try Khmer-style snacks, shop for handmade crafts, and enjoy live performances that showcase Cambodian music and dance.
• Cultural events: The street regularly hosts special festivals, including food fairs, art markets, and national celebrations such as Khmer New Year and Water Festival.

What You Can Do There

At Chaktomuk Walking Street, visitors can:

• Sample Cambodian street food like nom krok (coconut pancakes), grilled squid, and iced coffee.
• Watch traditional dance shows and live acoustic performances.
• Shop for handmade jewelry, souvenirs, and local crafts.
• Take scenic riverside photos, especially during sunset.
• Join community or international cultural events like the upcoming Indonesian Night Market.

Whether you’re a local exploring the city’s new public spaces or a tourist looking for authentic experiences, Chaktomuk Walking Street offers a blend of culture, cuisine, and community that captures the spirit of Phnom Penh’s modern charm.

A Celebration of Culture and Friendship

The initiative was proposed by Santo Damosumarto, the Indonesian Ambassador to Cambodia, and officially approved by Khuong Sreng, Governor of Phnom Penh, during a courtesy meeting earlier this week.

Showcasing traditional cuisine, dance performances, and artisanal crafts, the Indonesian Night Market aims to highlight the deep cultural heritage of Indonesia while strengthening the friendship between the two nations.

“Phnom Penh is a centre of economy, trade, tourism, and culture. Through this event, the Embassy of the Republic of Indonesia seeks to enhance cooperation and investment in these areas,” said Ambassador Damosumarto.

He added that the Indonesian community in Cambodia continues to grow, with six Indonesian restaurants already operating in Phnom Penh, showcasing the expanding potential for collaboration in tourism and hospitality.

Boosting Tourism and Economic Exchange

The event is expected to attract both local and international visitors, serving as a lively hub of cultural and commercial exchange. Governor Sreng emphasized Phnom Penh’s readiness to support the event and ensure its success.

“The Phnom Penh Capital Hall is pleased to allow the Indonesian Embassy to organise the ‘Indonesian Night Market’ on Chaktomuk Walking Street,” he said. “We have instructed relevant authorities to ensure proper security and coordination during the event.”

Chaktomuk Walking Street has already become a favorite destination for food, crafts, and cultural performances. The addition of the Indonesian Night Market, officials believe, will further enhance the city’s cultural diversity and strengthen Phnom Penh’s image as a regional tourism hub.

Read more: What Makes Russian Market a Must-Visit in Phnom Penh?

Honoring Historical Ties Between Indonesia and Cambodia

Governor Sreng also highlighted the enduring friendship between Cambodia and Indonesia, which dates back to 1959. He recalled Indonesia’s historic support for Cambodia’s peace process, particularly the contributions of President Sukarno and former Foreign Minister Ali Alatas.

To commemorate these efforts, Phnom Penh Capital Hall has named two roads in Chroy Changvar District after the Indonesian leaders—Soekarno Boulevard and Ali Alatas Boulevard—with official inaugurations planned soon.

He also expressed appreciation to Indonesia’s military attaché for their contributions to peacekeeping missions along the Cambodia–Thailand border in previous years.

Read more: What You Need to Know About Techo International Airport

Strengthening Cultural Bridges

As preparations move forward, the Indonesian Night Market stands as a symbol of deepening regional partnership. The event will not only celebrate Indonesia’s artistic and culinary identity but also foster economic collaboration and mutual understanding between the two nations.

With cultural performances, authentic food stalls, and handcrafted souvenirs, this unique celebration is set to become one of Phnom Penh’s most anticipated cultural events of the year.

🍜 History and Stories Behind Khmer Noodles (“Nom Banh Chok”).

A Beloved Traditional Dish of Cambodia

“Nom Banh Chok,” often affectionately called “Nom Pen Chok,” is one of Cambodia’s most cherished traditional dishes. Known for its simplicity and cultural significance, this noodle dish is made from rice flour, which is boiled, pounded with water, and pressed through a wooden mold into boiling water to create thin strands. The noodles are then cooled and stored to maintain freshness. Over time, the name evolved through natural linguistic shortening, similar to other Khmer words that have been simplified in everyday speech.

Nutritional and Cultural Importance

Khmer noodles are not only delicious but also nutritious, often served with rich broths and fresh vegetables depending on regional preferences. They are a staple in Cambodian daily life, enjoyed during breakfast, lunch, or dinner and are frequently served at family gatherings and social events. For many Cambodian households, selling noodles has become an important source of livelihood, making it both a culinary and economic symbol of the nation.

From Local Delight to Global Recognition

Reflecting its deep cultural roots, “Nom Banh Chok” has gained national pride and international attention. The Ministry of Culture and Fine Arts, under the leadership of Minister Phoeung Sakona, has announced efforts to nominate “Nom Banh Chok” for inclusion on the UNESCO World Heritage List. This initiative, discussed during the ministry’s 2021 annual review and 2022 planning conference held on February 9, 2022, underscores Cambodia’s commitment to preserving and promoting its traditional culinary heritage on the global stage.

Key Nutritional Components of Khmer Noodles

Rice Noodles
A staple source of complex carbohydrates that provide sustained energy throughout the day. They are also rich in B vitamins and easy to digest, making them an ideal way to start your morning with balanced nourishment.

Fish-Based Curry
Packed with lean protein, omega-3 fatty acids, and essential amino acids, this flavorful curry supports muscle recovery, brain function, and overall cognitive health, making it both delicious and nutritious.

Coconut Milk
A natural source of healthy fats that promote satiety and cellular health. Coconut milk also delivers key minerals such as potassium and magnesium, along with antioxidants that help protect the body from oxidative stress.

Moringa Powder and Greens
Often called one of Cambodia’s true superfoods, moringa is loaded with vitamins A, C, and E, as well as calcium and iron. These nutrients boost immunity, enhance energy levels, and help reduce inflammation naturally.

Raw Vegetables (Banana Flower, Bean Sprouts, Cucumber)
These fresh accompaniments are packed with vitamin C, fiber, potassium, and phytonutrients. Together, they aid digestion, fight inflammation, and support a healthy heart, bringing both crunch and vitality to every bowl.

Why Eat Nom Banh Chok?

Cambodian cuisine, particularly Nom Banh Chok, is celebrated for its balance, freshness, and restraint. Unlike dishes heavy in oils or artificial condiments, this traditional noodle meal highlights the natural sweetness and zest of locally grown herbs such as lemongrass, kaffir lime, turmeric, and basil. Beyond their fragrant appeal, these ingredients are known for their anti-inflammatory and immune-boosting properties, making every bowl both aromatic and nourishing.

Whether enjoyed for breakfast or lunch, Nom Banh Chok offers a light yet sustaining meal. Its generous mix of vegetables provides dietary fiber that supports digestion and helps regulate cholesterol, while the lean fish-based curry delivers clean protein for steady energy and satiety without the heaviness of fried foods. For anyone pursuing a healthy lifestyle, this dish embodies the perfect harmony of complex carbohydrates, fresh produce, and natural flavor.

Across Cambodia, regional variations tell their own culinary stories from the creamy Phnom Penh version to the spicier Kampot style, each reflecting local ingredients and cultural nuances. Yet, they all uphold the same principle of balance, freshness, and nutrition. So when you savor Nom Banh Chok from a morning market stall, you’re not just enjoying a meal, you’re partaking in a centuries-old tradition of wellness and the vibrant heritage of Cambodian cuisine.

ABA PayWay: Cambodia’s First Local Payment Gateway Officially Integrated with Shopify.

Cambodia’s digital commerce just reached a major milestone. ABA Bank, the nation’s leading digital financial institution, has successfully integrated ABA PayWay with Shopify, making it the first-ever Cambodian payment gateway officially available on the world’s most popular e-commerce platform. This breakthrough empowers Cambodian online entrepreneurs and small business owners to sell products and services more professionally, securely, and globally without relying on foreign payment systems.

Seamless, Secure, and Localized Payments

With ABA PayWay now on Shopify, Cambodian merchants can easily set up online stores and accept multiple payment methods, including ABA KHQR, ABA Mobile, Visa, Mastercard, WeChat Pay, UPI, and JCB. All transactions are securely settled directly into merchants’ ABA Bank accounts, eliminating third-party delays and high international fees. The system is built on advanced security standards, including data encryption, 3DS 2.0 protocol, and PCI DSS compliance, ensuring safe and reliable checkout for every transaction.

🎉 Great news for online businesses in Cambodia!
ABA PayWay is now on Shopify, the world’s biggest e-commerce platform, helping Cambodian merchants accept payments directly into their ABA account – no foreign gateways needed.
Enjoy multiple payment options such as ABA PAY, KHQR, Cards, and WeChat – Fast, Simple, and Secure.
🚀ABA PayWay is proud to be the first Cambodian payment gateway integrated with Shopify, helping you grow your online store and get paid faster than ever. ABA annoucement

For Online Entrepreneurs in Cambodia

If you’re an online entrepreneur in Cambodia, you can easily accept payments from Cambodian customers through ABA Mobile, KHQR, Visa, Mastercard, WeChat Pay, and other supported methods. However, to use this service, you’ll need to sign an agreement with ABA Bank.

Read more: How Cambodia’s banking system remained strong and resilient?

If your business (online entrepreneur) operates as dropshipping or Print-on-Demand (POD), ABA also requires you to provide an authorized letter or contract from your suppliers to ensure business legitimacy. This step helps protect both merchants and customers, ensuring smoother transactions and higher trust across the local e-commerce ecosystem.

For Registered Business Owners in Cambodia

For officially registered companies, ABA PayWay extends even more benefits. Once your business is registered, you can use ABA PayWay to receive payments from international markets, allowing you to sell globally through Shopify. This means Cambodian brands can reach international customers while managing all transactions securely through their ABA Bank accounts, bringing Cambodia’s e-commerce one step closer to global competitiveness.

Designed for Cambodia’s E-Commerce Growth

Before this integration, Cambodian Shopify users had limited local payment options and often depended on foreign gateways that were expensive and difficult to maintain. ABA PayWay changes that—providing a locally optimized, cost-effective, and trusted solution tailored to Cambodia’s unique business environment. Whether you’re a small startup or a fast-growing enterprise, ABA PayWay ensures smoother financial management with all funds conveniently received in your ABA account.

Read more: How Did QR Code Fraud Turn Riel Payments into Dollars?

Empowering Cambodia’s Next Generation of Entrepreneurs

According to Zokhir Rasulov, ABA’s Chief Digital Officer, the integration is “a game-changer for Cambodia’s entrepreneurial community.” He emphasized that it allows local businesses to access a world-class e-commerce platform with trusted local payment solutions, helping them sell more efficiently both locally and internationally.

Rasulov added, “At ABA, we believe in empowering the next generation of business owners with the right digital tools. This collaboration will accelerate e-commerce adoption, promote financial inclusion, and contribute to Cambodia’s growing digital economy.”

A New Era for Online Businesses in Cambodia

As an award-winning payment gateway trusted by thousands of local businesses, ABA PayWay continues to lead Cambodia’s fintech innovation. Its partnership with Shopify reaffirms ABA’s mission to make digital business accessible, inclusive, and globally competitive. For Cambodian entrepreneurs, this integration marks not just a technical upgrade but a new era of opportunity to reach international markets with confidence.