flash report on the cambodian economy, november 2011

វិទ នបណ្ណុះប ល និង ្រ វ្រ វេដើម្បីអភិវឌ្ឍន៍កម្ពុ

CDRI—Cambodia’s leading independent development policy research institute

រ យ រណថ៍្មីៗស្តីពីេសដ្ឋកិច្ចកម្ពុ Flash Report on the Cambodian Economy

វចិឆិក ២០១១ ¼ November 2011

រត័ន វឌ ន ¼ Roth Vathana

អ៊នួ វមិល ¼ Ourn Vimoil

បកែ បេ យ៖ យូ សិទធីរទិធ និង េខង េសង

ភនេំពញ កមពុជ

Phnom Penh, Cambodia

TO SUBSCRIBE, PLEASE CONTACT: Office address: #56, Street 315, Tuol Kork, Phnom Penh, Cambodia; postal address: CDRI, PO Box 622 Phnom Penh, Cambodia;

tel: (855-23) 881-384/881-701/881-916/883-603 ; fax: (855-23) 880-734 ; email: [email protected]; website: http://www.cdri.org.kh

ISSN 1810-6358

Cambodia Economic Flash Report –November 2011

Cambodia Development Resource Institute –

របក្រ យ ងសំ ន់ៗ

របយករណ៍េនះ បក យពីសូចនករេសដកិចចសំខន់ៗ របស់កមពុជ

និងប បេទសៃដគូពណិជជកមម េ យេធករេ ប បេធ បតេួលខ

កនុងែខថមីៗេនះ ជមយួនឹងែខមុនៗ។

េន តីមសទី២ ឆន ២ំ០១១ កម បឹក អភវិឌ នក៍មពុជ មនិមនអនុមត័

វនិិេយគគិតជ ទពយសកមមជប់ បថ់មី កនុងវស័ិយកសិកមមេទ។ េនែខ

កញញ ចំនួនេភញ វេទសចរបរេទសសរុបមកដល់កមពុជ ធកចុ់ះ ១៦%

េធ បនឹងែខមុន មក តឹម ២០៩.៨០៤នក។់ េភញ វេទសចរមកស មក

លំែហ ធកចុ់ះ ១៨% មក តឹម ១៩៤.៤៨៥នក ់ និង េភញ វមក

កនុងបំណងេផ ងៗេទ ត ធកចុ់ះ ៥.៨% មក តឹម ២៦១៨នក។់

េភញ វមកេធជំនួញ េកន ៨.៨% ដល់ ១២.៧០១នក។់

េនែខសី តៃមអនុមតិគេ មង ងសងភូ់មិ គឹះ និងផទះ េនទី កង

ភនេំពញ េកន ៦២៧% េធ បនឹងែខមុន ដល់ ៨០,៨ នដុ រ េហយ

តៃមអនុមតិគេ មង ងសងេ់ផ ងៗេទ ត េកន ២៤% ដល់ ១៥,៥

នដុ រ។ តៃមអនុមតិគេ មងផទះែលង ធកចុ់ះ ៦៣% មក តឹម

២០,៧ នដុ រ។

េនែខសី សនទស នៃ៍ថទំនិញេ ប បស់េនទី កងភមេំពញ ( គបមុ់ខ

ទំនិញ) េកន ៦,៤% េធ បនឹងមយួឆន មុំន។ ៃថ រ និងេភសជជៈ

មនិមនជតិ េកន ៧,៦% ៃថ ន កេ់ន និងទឹកេភង េកន ៤,០%

េហយៃថដំេណ ករ និងសមភ រៈបំពកក់នុងផទះ េកន ២,១%។ េនែខតុ

ម៉សូ៊ត ធកៃ់ថ ២,៦% េធ បនឹងែខមុន មក តឹម ៤៨៤៦,៨េរ ល/លី ត

េហយ េ បង ំង ធកៃ់ថ ២,៤% មក តឹម ៥១៩៧,១េរ ល/លី ត។

េនែខតុ អ បូរ បកេ់រ លេនទីផ រ ធកៃ់ថ ០,៥% ទល់នឹង

បកដុ់ រ េធ បនឹងែខមុន មក តឹម ៤១០១,៨េរ ល/ដុ រ ។ េនែខ

ដែដល បកេ់រ ល េឡងៃថ ០,២% ទល់នឹង បកប់តៃថ និង េឡងៃថ

០,១% ទល់នឹង បកដុ់ងេវ ត ម។

េនែខសី ករនចូំលសមភ រៈសំណង ់ធកចុ់ះ ១,៧% េធ បនឹងែខមុន

មក តឹម ៣,៨ នដុ រ េហយករនចូំលែដកែថប ធកចុ់ះ ៥២%

មក តឹម ៣,៤ នដុ រ។ ករនចូំលសីុមង៉ត់ ៍ េកន ១,៥% ដល់

៤,៨ នដុ រ េហយករនចូំលេ បងម៉សូ៊ត ធកចុ់ះ ៩,៧% មក តឹម

៣៨,៩ នដុ រ និងករនចូំលម៉សូ៊តេខម ធកចុ់ះ ២៧% មក តឹម

៥,៩ នដុ រ។ ករនចូំលេ បង ំង េកន ៦,៨% ដល់ ២៥,៤ ន

ដុ រ។ េនែខដែដល ករនេំចញសំេល កបំពក ់ ( គប់ បេភទ) ធក់

ចុះ ១៥% មក តឹម ៣៧២,១ នដុ រ េហយករនេំចញែសបកេជង

ធកចុ់ះ ២២% មក តឹម ២៣,២ នដុ រ និងករនេំចញផលិតផល

យនភណ័េផ ងៗ ធកចុ់ះ ១០% មក តឹម ៥,១ នដុ រ។

េនែខឧសភ បកចំ់ណូលចរនសរុបរបស់រ ភបិល ធកចុ់ះ ២០%

មក តឹម ៤៧៤,៥ពន់ នេរ លេធ បនឹងមយួែខមុន។ ពនធនចូំល

និងនេំចញ េកនេឡង ១១% ដល់ ៩៣,៦ពន់ នេរ ល េហយ

បកចំ់ណូលមនិែមនពនធ េកន ៣៤% ដល់ ៧៨ពន់ នេរ ល។

Highlights This report highlights a number of economic indicators of Cambodia and its partners. It compares recent figures with those of earlier periods. In the second quarter of 2011, there were no new fixed asset investments in agriculture approved by the Council for the Development of Cambodia. In September, total foreign arrivals to Cambodia dropped by 16 percent from a month earlier, to 209,804. Visitors for holidays decreased by 18 percent to 194,485 and other arrivals by 5.8 percent to 2618. Business arrivals went up by 8.8 percent to 12,701. In August the value of villa and house construction approvals in Phnom Penh rose by 627 percent compared to the preceding month, to USD80.8 m, and “other” rose by 24 percent to USD15.5 m. The value of flats went down by 63 percent to USD20.7 m. In August, the Phnom Penh consumer price index (all items) rose by 6.4 percent year on year. The prices of food and non-alcoholic beverages went up by 7.6 percent, housing and utilities by 4.0 percent and household furnishings and operations by 2.1 percent. In October the price of diesel fuel dropped 2.6 percent from the previous month, to KHR4846.8/litre and of gasoline by 2.4 percent to KHR5197.1/litre. In October market exchange rate of the riel depreciated against the dollar by 0.5 percent from a month earlier, to KHR4101.8 per dollar. In the same period, the riel appreciated against the Thai baht by 0.2 percent and by 0.1 percent against the Vietnamese dong. In August, imports of construction equipment decreased by 1.7 percent from the preceding month to USD3.8 m and of steel by 52 percent to USD3.4 m. Imports of cement increased by 1.5 percent to USD4.8 m. Imports of diesel oil dropped by 9.7 percent to USD38.9 m and of fuel oil by 27 percent to USD5.9 m. Imports of gasoline went up by 6.8 percent to USD25.4 m. In the same month, exports of clothing (all kinds) decreased by 15 percent to USD372.1 m, of shoes by 22 percent to USD23.2 m and of other textile products by 10 percent to USD5.1 m. In May total government current revenue dropped by 20 percent from a month earlier to KHR474.5 bn. Import and export taxes increased by 11 percent to KHR93.6 bn and non-tax revenues by 34 percent to KHR78 bn. Revenues from domestic



បកចំ់ណូលពនធកនុង សក ធកចុ់ះ ៣៣% មក តឹម ៣០៣ពន់ ន

េរ ល។ េនែខដែដល ចំ យចរនសរុប េកនេឡង ៤,៨% ដល់

៣៥៣,២ពន់ នេរ ល េហយចំ យជឧបតថមភធន និងជំនួយខង

សងគមកិចច េកន ៥៦% ដល់ ១២១,៧ពន់ នេរ ល។ ចំ យេលេប វត រ ៍ធកចុ់ះ ៩,២% មក តឹម ១៤៥ពន់ នេរ ល េហយចំ យ

េលេស កមមេផ ងៗ ធកចុ់ះ ១៣% មក តឹម ៨៦,៤ពន់ នេរ ល។

េនែខសី េន បេទសៃថ អងករធកៃ់ថ ១២% េធ បនឹងែខមុន មក តឹម

៥៨២,៨ដុ រ/េ ន េកសូ៊ ធកៃ់ថ ១,៣% មក តឹម ៤២៤៤,៧

ដុ រ/េ ន េហយ េពតនិងផលិតផលេធពីេពត ធកៃ់ថ ២,៤%

មក តឹម ៤៣៩,៣ដុ រ/េ ន។ េនែខដែដល េន បេទសេវ ត ម

អងករ េឡងៃថ ៤,០% ដល់ ៥១៧ដុ រ/េ ន និង គប់ យចនទី េឡង

ៃថ ២,៣% ដល់ ៩០៩៥ដុ រ/េ ន សបេពលែដលេកសូ៊ ធកៃ់ថ

០,១% មក តឹម ៤២៤៧ដុ រ/េ ន។

េនែខសី ករនេំចញអងករេនៃថ ធកចុ់ះ ៨,២% េធ បនឹងែខមុន

មក តឹម ៥៩០,៣ នដុ រ។ ករនេំចញេកសូ៊ធមមជតិ និងជរ័

ធមមជតិ េកន ៥,៤% ដល់ ១១២៨,៤ នដុ រ (៧៤% េធ បនឹង

មយួឆន មុំន) និង ករនេំចញេពត និងផលិតផលេធពីេពត េកន ១៧%

ដល់ ១២,៣ នដុ រ (៦៨% េធ បនឹងមយួឆន មុំន)។ កនុងែខេនះែដរ

េនេវ ត ម ករនេំចញអងករ េកនេឡង ២២% េធ បនឹងែខមុន ដល់

៣៩៥ នដុ រ ករនេំចញេកសូ៊ េកន ១,២% ដល់ ៣៤៤ ន

ដុ រ និងករនេំចញ គប់ យចនទី េកន ១៣% ដល់ ១៩១ ន

ដុ រ។

េនែខកញញ ករនេំចញរបស់សហរដ េមរកិ េកន ២,០% េធ បនឹង

ែខមុន ដល់១២៩,៣ពន់ នដុ រ េហយករនេំចញរបស់ជប៉ុន េកន

១៣% ដល់ ៧៧,៦ពន់ នដុ រ។ ករនេំចញរបស់តំបនអឺ់រ ៉ូ ធកចុ់ះ

៥,២% មក តឹម ២១២,៣ពន់ នដុ រ។ េនែខសី ករនេំចញ

របស់ម៉េឡសីុ ធកចុ់ះ ០,៧% មក តឹម ១៩,៦ពន់ នដុ រ េហយ

ករនចូំល ធកចុ់ះ ៤,១% មក តឹម ១៦ពន់ នដុ រ។

េនែខសី អតិផរ េនសហរដ េមរកិ មន ៣,៨% និង េនជប៉ុន

០,២% ឯេនតំបនអឺ់រ ៉ូ េនេថរ។ កនុងែខេនះែដរ អតិផរ េន បេទស

ចិន គឺ ៦,២% េហយេនហុងកុង ៥,៧% ឬ ធកចុ់ះ ២,២ឯក ភគរយ

េធ បនឹងែខមុន។ អតិផរ េនកូេរខ៉ងតបូង មនក មតិ ៥,៣%។

េនែខតុ សែណកេស ង (US No. 1) ធកៃ់ថ ៨,៤% មក តឹម

៤៦៧,៤ដុ រ/េ ន េពត (US No.2) ធកៃ់ថ ១០% មក តឹម

២៧៤,៨ដុ រ/េ ន និងេកសូ៊ (SMR 5) ធកៃ់ថ ៩,២% មក តឹម

៤១៤៩,២ដុ រ/េ ន។ េនែខដែដល េ បងេឆ (OPEC spot)

ធកៃ់ថ ០,៧% មក តឹម ១០៩,៧ដុ រ/ធុង េហយេ បង ំង (US

Gulf Coast) ធកៃ់ថ ០,៧% មក តឹម ០,៧១ដុ រ/លី ត និង

េ បងម៉សូ៊ត (low sulphur No. 2) ធកៃ់ថ ៣,៤% មក តឹម ០,៧៥

ដុ រ/លី ត។

taxes decreased by 33 percent to KHR303 bn. In the same month, total current expenditure went up by 4.8 percent to KHR353.2 bn, of which expenditure on subsidies and social assistance increased by 56 percent to KHR121.7 bn. Wages expenditure dropped by 9.2 percent to KHR145 bn and other services by 13 percent to KHR86.4 bn. In August in Thailand prices of rice decreased by 12 percent compared to the previous month to USD582.8/tonne, of rubber by 1.3 percent to USD4244.7/tonne and of maize and maize products by 2.4 percent to USD439.3/tonne. In the same period in Vietnam, prices of rice increased by 4.0 percent to USD517/tonne and of cashew nuts by 2.3 percent to USD9095/tonne, while rubber dropped by 0.1 percent to USD4247/tonne. In August, Thai exports of rice dropped by 8.2 percent from the preceding month to USD590.3 m. Exports of natural rubber and similar natural gums went up by 5.4 percent to USD1128.4 m (74 percent year on year) and maize and maize products by 17 percent to USD12.3 m (68 percent year on year). In the same period, Vietnam’s exports of rice increased 22 percent from the previous month to USD395 m, of rubber by 1.2 percent to USD344 m and of cashew nuts by 13 percent to USD191 m. In September, US exports increased by 2.0 percent from the preceding month to USD129.3 bn and Japan’s by 13 percent to USD77.6 bn. Exports of the euro zone dropped by 5.2 percent to USD212.3 bn. In August Malaysian exports went down 0.7 percent to USD19.6 bn and imports 4.1 percent to USD16 bn. In August, inflation in the US was 3.8 percent and 0.2 percent in Japan. Inflation in the euro zone remained unchanged. In the same period, inflation in China was 6.2 percent and 5.7 percent in Hong Kong, a 2.2 percentage point decrease compared to a month earlier. Inflation in South Korea was 5.3 percent. In October, the prices of soybeans (US No. 1) dropped by 8.4 percent compared to the previous month, to USD467.4/tonne, of maize (US No. 2) by 10 percent to USD274.8/tonne and of rubber (SMR 5) by 9.2 percent to USD4149.2/tonne. In the same month, the price of crude oil (OPEC spot) decreased by 0.7 percent to USD109.7/barrel, of gasoline (US Gulf Coast) by 0.7 percent to USD0.71/litre and of diesel (low sulphur No. 2) by 3.4 percent to USD0.75/litre.



សកម្ម ពេសដ្ឋកចិ្ចសំ ន់ៗ និង ៃថ្លទនំិញេ កម្ពុ Main Economic Activities and Consumer Prices in Cambodia

Fixed Asset Investment Approvals by CDC Agriculture

2008 Q3–2011 Q2

Including expansion projects. Source: Council for the Development of Cambodia

Foreign Visitor Arrivals July 2010-September 2011

Source: Ministry of Tourism

Phnom Penh: Value of Construction Approvals June 2010–August 2011

Source: Municipality of Phnom Penh

CPI: Consumer Price Index June 2010–August 2011

Source: CDRI

Phnom Penh: Gasoline & Diesel Prices August 2010–October 2011

Source: CDRI

Interest Rates on 12-Month Bank Loans (%) May 2010–July 2011

Source: Economic & Monetary Statistics, NBC

0.0

41.4

4.1 0.00

50

100

150

200

250

300

08Q

3

08Q

4

09Q

1

09Q

2

09Q

3

09Q

4

10Q

1

10Q

2

10Q

3

10Q

4

11Q

1

11Q

2

USD

m

153236

194

10

12

1310

33

0

100

200

300

400

500

600

Jul 1

0

Sep

10

Nov

10

Jan

11

Mar

11

May

11

Jul 1

1

Sep

11

000

pers

ons

Other

Business

Holiday

80.8

20.7

15.5

0

20

40

60

80

100

120

140

Jun

10

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

USD

m

OtherFlatsVillas & houses

100

115

130

145

160

175

Jun

10

Jul 1

0

Aug

10

Sep

10

Oct

10

Nov

10

Dec

10

Jan

11

Feb

11

Mar

11

Apr

11

May

11

Jun

11

Jul 1

1

Aug

11

All items Food & non-alcoholic beverages

Clothing and footwear Housing and utilities

Household furnishings and operations

4847

5197

0

1000

2000

3000

4000

5000

6000

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Oct

11

Rie

ls/ℓ

Diesel

Gasoline 0

5

10

15

20

25

May

10

Jul 1

0

Sep

10

Nov

10

Jan

11

Mar

11

May

11

Jul 1

1

Perc

enta

ge P

er A

nnum

Riel loan rate

Dollar loan rate



ន ពអ្រ ប្តូរ្រ ក ់និង ជំនួយអភិវឌ្ឍន៍ពីេ្រ ្របេទស Exchange Rates and External Development Assistance Riels per US Dollar

August 2010–October 2011

Source: National Bank of Cambodia

Riels per THB & VND August 2010–October 2011


Monetary Survey (%) May 2010–July 2011


Domestic Credit (%) May 2010–July 2011


Monetary Operations May 2010–July 2011


External Development Assistance Disbursement Top Five Development Assistance

2005–2009

Source: Cambodia Aid Effectiveness Report 2009, CDC

4202

4083 41

02

4185

4077 4085

3900

3950

4000

4050

4100

4150

4200

4250

4300

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Oct

11

Market rate

Official rate

132.

5

132.

3

19.7

19.6

19

20

21

22

23

24

25

26

114

118

122

126

130

134

138

142

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Oct

11

KH

R p

er V

DN

100

KH

R p

er B

aht

Thai baht (left)

Vietnamese dong (right)

-40

-20

0

20

40

60

80

100

May

10

Jul 1

0

Sep

10

Nov

10

Jan

11

Mar

11

May

11

Jul 1

1

Annualised growth rate (M2)

Annualised growth rate (M1)

Growth over the previous 12 months (M2)

-20

0

20

40

60

80

100

120

140

May

10

Jul 1

0

Sep

10

Nov

10

Jan

11

Mar

11

May

11

Jul 1

1

Annualised change in domestic credit Annualised change in private sector credit Previous 12 months' growth in domestic credit

-10000

-7000

-4000

-1000

2000

5000

8000

11000

14000

17000

20000

23000

May

10

Jul 1

0

Sep

10

Nov

10

Jan

11

Mar

11

May

11

Jul 1

1

KH

R b

n

Liquidity Net Foreign Assets Private Sector Credit

Government Deposits Other

0

30

60

90

120

150

180

2005

2006

2007

2008

2009

KH

R b

n

Transportation HealthGovernance & Administration EducationAgriculture



ណិជ្ជកម្មេ្រ ្របេទស និង រអនវុត្តថវិ តិ External Trade and National Budget Operations

Cambodian Total Imports June 2010–August 2011


Cambodian Total Exports June 2010–August 2011


Imports: Energy June 2010–August 2011


Current Budget Operations March 2010–May 2011

Source: MEF Bulletin

Current Budget Revenue March 2010–May 2011


Current Budget Expenditure March 2010–May 2011


3.83

4.84

3.39

0

5

10

15

20

25

Jun

10

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

USD

m

Steel

Cement

Construction equipment

372.1

23.2

5.1

0

50

100

150

200

250

300

350

400

450

500

Jun

10

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

USD

m

Other textile productsShoesClothing (all kinds)

0

10

20

30

40

50

60

Jun

10

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

USD

m

Gasoline (E.A)

Diesel (D.O)

Fuel oil (FO)

4.9

254.7

121.3

-100

-50

0

50

100

150

200

250

300

350

400

Mar

10

May

10

Jul 1

0

Sep

10

Nov

10

Jan

11

Mar

11

May

11

KH

R b

n

307

450

303

80

84

94

79

58

78

0

100

200

300

400

500

600

700

800

Mar

10

May

10

Jul 1

0

Sep

10

Nov

10

Jan

11

Mar

11

May

11

KH

R b

n

Non-tax

Import and Export taxes

Domestic taxes

145

122

86

0

100

200

300

400

500

600

700

Mar

10

May

10

Jul 1

0

Sep

10

Nov

10

Jan

11

Mar

11

May

11

KH

R b

n

Other services

Subsidies and social assistance

Wages



ៃថ្លេស្បៀង រ មេខត្តក្នងុ្របេទសកម្ពុ Provincial Food Prices

Food Prices in Siem Reap Province August 2010–October 2011

Source: CDRI

Food Prices in Battambang Province August 2010–October 2011

Source: CDRI Food Prices in Kompong Cham Province

August 2010–October 2011

Source: CDRI

Food Prices in Kampot Province August 2010–October 2011

Source: CDRI

Food Prices in Svay Rieng Province August 2010–October 2011

Source: CDRI

Food Prices in Kompong Speu Province August 2010–October 2011

Source: CDRI

3000

7000

11000

15000

19000

23000

27000

31000

500

4000

7500

11000

14500

18000

21500

25000

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Oct

11

Rie

ls/k

g

Rie

ls/k

g

Rice-Phka Knhei (left) Fresh fish (left)

1st quality pork (right) 1st quality beef (right)

3000

7000

11000

15000

19000

23000

27000

500

4000

7500

11000

14500

18000

21500

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Oct

11

Rie

ls/k

g

Rie

ls/k

g



3000

7000

11000

15000

19000

23000

27000

500

4000

7500

11000

14500

18000

21500

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Oct

11

Rie

ls/kg

Rie

ls/k

g

Rice-Phka Knhei(left) Fresh fish (left)


3000

7000

11000

15000

19000

23000

27000

500

4000

7500

11000

14500

18000

21500

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Oct

11

Rie

ls/k

g

Rie

ls/k

g

Rice-Phka Knhei(left) Fresh fish (left)


3000

7000

11000

15000

19000

23000

27000

500

4000

7500

11000

14500

18000

21500

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Oct

11

Rie

ls/k

g

Rie

ls/k

g



3000

7000

11000

15000

19000

23000

27000

31000

500

4000

7500

11000

14500

18000

21500

25000

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Oct

11

Rie

ls/k

g

Rie

ls/k

g





ៃថ្លទំនញិ មេខត្តក្នុង្របេទសកម្ពុ ៖ មមុខទនំញិ Provincial Goods Prices in Cambodia

Cambodia: Rice Prices in Three Provinces

Source: CDRI

Cambodia: Rice Prices in Three Provinces

Source: CDRI

Cambodia: Fish Prices in Three Provinces

Source: CDRI

Cambodia: Fish Prices in Three Provinces

Source: CDRI

Cambodia: Pork Prices in Three Provinces

Source: CDRI

Cambodia: Pork Prices in Three Provinces

Source: CDRI

2575

2600

2625

2675

2700

2500

2600

265026

25

2600

2600 29

00

0

500

1000

1500

2000

2500

3000

Jul 11 Aug 11 Sep 11 Oct 11

Rie

ls/k

g

Battambang

Kompong Speu

Kompong Cham

2600

2650

2600 2750

2600

2600 27

50

2600

2700

2700 28

00

2800

0

500

1000

1500

2000

2500

3000


Rie

ls/k

g

Kampot

Siem Reap

Svay Rieng

1625

0

1550

0

1625

0

1325

01500

0

1300

0

1150

0 1250

0

1350

0

1350

0

1400

0

1375

0

0

2000

4000

6000

8000

10000

12000

14000

16000

18000


Rie

ls/k

g

Battambang

Kompong Speu

Kompong Cham

1600

0

1600

0

1600

0

1600

0

1500

0

1500

0

1450

0

1200

0

1500

0

1500

0

1300

0 1400

0

0

2000

4000

6000

8000

10000

12000

14000

16000

18000


Rie

ls/k

g

Kampot

Siem Reap

Svay Rieng

1425

0

2000

0

2000

0

1825

0

2050

0

2100

0

1925

0

1900

0

2300

0

2300

0

2275

0

2187

5

0

5000

10000

15000

20000

25000


Rie

ls/k

g

Battambang

Kompong Speu

Kompong Cham

2100

0

2500

0

2450

0

2200

0

2000

0

2000

0

2300

0

1800

0

2000

0

2000

0

2000

0

2000

0

0

5000

10000

15000

20000

25000


Rie

ls/k

g

Kampot

Siem Reap

Svay Rieng



ៃថ្លទំនញិ រ ំេចញ នងិ ចំននួេទសចរអន្តរ តិេ ក្នុង្របេទស ៃដគូរបស់កម្ពុ Goods Prices, Exports and International Tourist Arrivals for Partners of Cambodia

Thailand: Prices of Rubber, Rice and Maize June 2010–August 2011

0

1000

2000

3000

4000

5000

6000

Jun

10

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

USD

per t

onne

Rice Rubber Maize and Maize Products

Source: Bank of Thailand, Foreign Trade and Balance of Payments

Vietnam: Prices of Rubber, Rice and Cashew NutsJune 2010–August 2011

Source: General Statistics Office of Vietnam

Thailand: Exports June 2010–August 2011

Source: Customs Department of Thailand

Vietnam: Exports June 2010–August 2011

Source: General Statistics Office of Vietnam

Thailand: International Arrivals May 2010–July 2011

Source: Thailand Office of Tourism Development

Vietnam: International Arrivals May 2010- July 2011

Source: Estimates by General Statistics Office of Vietnam

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

Jun

10

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

USD

per

tonn

e

Rice Rubber Cashew nuts

0

5

10

15

20

25

30

35

200

400

600

800

1000

1200

1400

1600

Jun

10

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

USD

m

USD

m

Rice (left)Natural rubber and similar natural gums (left)Maize and Maize Products (right)

20

40

60

80

100

120

140

0

80

160

240

320

400

480

Jun

10

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

USD

m

USD

m

Rice (left) Rubber (left)

Cashew nuts (right)

0

200

400

600

800

1000

1200

1400

1600

1800

2000

May

10

Jul 1

0

Sep

10

Nov

10

Jan

11

Mar

11

May

11

Jul 1

1

000

peop

le

0

100

200

300

400

500

600

May

10

Jul 1

0

Sep

10

Nov

10

Jan

11

Mar

11

May

11

Jul 1

1

000

pers

ons

Others

Business

Tourism



សកម្ម ពេសដ្ឋកចិ្ច និង អ្រ អតិផរ េ ប ្របេទស ៃដគូរបស់កម្ពុ Economic Activity and Inflation Rates of Selected Economic Partners of Cambodia

Year-on-Year Growth of Main Exports: Japan July 2010– September 2011

Source: Japanese Trade and Investment Statistics

Goods Exports: US, Euro Zone & Japan July 2010– September 2011

Sources: BEA, Eurostat and OECD

External Trade: Malaysia June 2010–August 2011

Source: Ministry of International Trade and Industry, Malaysia

Inflation Rates: US, Euro Zone & Japan (percent price change from a year earlier)

Sources: IMF and Economist (8 October 2011)

Inflation Rate: China, Hong Kong & South Korea (percent price change from a year earlier)


Inflation Rate: Selected ASEAN Countries (percent price change from a year earlier)


-60%

-40%

-20%

0%

20%

40%

60%

80%

Jul 1

0

Sep

10

Nov

10

Jan

11

Mar

11

May

11

Jul 1

1

Sep

11

Manufactured goods Machinery Electricial machinery

Transport equipment Total

0

20

40

60

80

100

120

140

160

180

200

220

240

Jul 1

0

Sep

10

Nov

10

Jan

11

Mar

11

May

11

Jul 1

1

Sep

11

USD

bn

US Euro zone Japan

0.02.04.06.08.0

10.012.014.016.018.020.022.0

Jun

10

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

USD

bn

Exports

Imports

Trade balance

-2

-1

0

1

2

3

4

5

Jun

10

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

USA Euro zone Japan

0

1

2

3

4

5

6

7

8

9

Jun

10

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

China Hong Kong South Korea

0

1

2

3

4

5

6

Jun

10

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Malaysia Singapore Thailand



អ្រ ប្តូរ្រ ក ់និង ន ពៃថ្លទំនញិេលើទីផ រអន្តរ ត ិ

Exchange Rates and Commodity Prices in World Markets

KRW & HKD per USD August 2010–October 2011

Source: Federal Reserve Bank of New York

EUR & JPY per USD August 2010–October 2011


THB & SGD per USD August 2010–October 2011


Rice: International Price Index & Export Prices August 2010–October 2011

Sources: Osiriz/InfoArroz *International Price Index of Osiriz/InfoArroz

Prices: Soybeans, Maize & Rubber August 2010–October 2011

Source: Food and Agriculture Organisation

Prices: Crude Oil, Gasoline & Diesel August 2010–October 2011

Source: US Energy Information Administration

7.74

7.75

7.76

7.77

7.78

7.79

7.80

7.81

7.82

7.83

980

1000

1020

1040

1060

1080

1100

1120

1140

1160

1180

1200

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Oct

11

HK

D

KR

W

KRW (left scale)

HKD (right scale)

0.51

0.54

0.57

0.60

0.63

0.66

0.69

0.72

0.75

0.78

0.81

0.84

0.87

70

74

78

82

86

90

94

98

102

106

110

114

118

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Oct

11

EUR

JPY

JPY (left scale) EUR (right scale)

22

24

26

28

30

32

34

36

38

40

1.20

1.23

1.26

1.29

1.32

1.35

1.38

1.41

1.44

1.47

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Oct

11

THB

SGD

SGD (left scale)

THB (right scale)

100

122

144

167

189

211

233

256

278

425

450

475

500

525

550

575

600

625

650

675

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Oct

11

IPO

*

USD

per

ton

ne F

OB

USA 2/4 (left) Thai 100% B (left) IPO (right)

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

5500

6000

0

100

200

300

400

500

600

700

800

900

1000

1100

1200

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Oct

11

USD

per

tonn

e FO

B

USD

per

tonn

e FO

B

Soybeans: US No.1, Yellow (left scale)

Maize: US No.2, Yellow (left scale)

Rubber SMR 5 (right scale)

0

20

40

60

80

100

120

0

20

40

60

80

100

120

Aug

10

Oct

10

Dec

10

Feb

11

Apr

11

Jun

11

Aug

11

Oct

11

US

Cen

ts

USD

Crude oil: OPEC spot - USD/barrel (left scale)

Gasoline: US Gulf Coast - US cents/litre (right scale)

Diesel: low sulphur No.2 - US cents/litre (right scale)



ព័ត៌ នេសដ្ឋកិច្ច Economic News

ព័ត៌ នេសដ្ឋកិច្ចសំ ន់ៗ

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េយង មសិថតិរបស់ កសួងេសដកិចចនិងហិរញញ វតថុ កនុងរយៈេពល ១០ែខ

េដមឆន ២ំ០១១ កមពុជ បននេំចញអងករជង ១៤០.០០០េ ន ែដល

េ ចនជងបរមិណនេំចញកនុង ១០ែខដូចគន ឆន មុំន ដល់េទ ១៧៣%។

ទីផ រនេំចញអងកររបស់កមពុជ រមួមន សហភពអឺរ ៉ុប សហរដ េមរកិ

ជប៉ុន ចិន និងប បេទស ៊ ន។ អងករនេំចញេទ សហភពអឺរ ៉ុប

មន ១១២.២៤០េ ន ឬ បែហល ៧៩% ៃនអងករនេំចញសរុប។ កមពុជ

រពឹងថនឹងនេំចញអងករដល់ បែហល ១៨០.០០០េ ន េនឆន ២ំ០១១។

រ ភបិល បនយកចិតទុក កក់នែ់តខងំេលករសេ មចឲយបននូវ

អតិេរកផលិតកមម សវ ៤ នេ ន និងករនេំចញអងករយ៉ងេ ច

ស់ ១ នេ ន េន តឹមឆន ២ំ០១៥។ រ ភបិល កប៍នទទួល គ ល់

ែដរពី រៈសំខនៃ់នករេលកកមពស់គុណភព សវអងករកមពុជ ឬ

“មសស” ឲយ សប មសង់ រអនរជតិ។ ករេបជញ ចិតរបស់រ ភបិល

េដមបសីេ មចេគលេ េនះ ចពិនិតយេឃញចបស់េនកនុងអំឡុង េវទិក

ជរ ភបិល-ែផនកឯកជន េលកទី១៦ ែដលបន បរពធេឡងេនៃថងទី២៣

វចិឆិក ២០១១ េនឯវមិនសនិភព េ កម បធនបទពិភក ែតមយួគត ់

គឺ “ករពិនិតយពីដំេណ រករៃនករជ មញផលិតកមម សវ និងករនេំចញ

អងករ”។

កនុងេវទិកេនះ សេមចនយករដម នី ហុ៊ន ែសន បនគូសបញច កពី់គំនិត

ផួចេផមមយួចំនួន ែដលរ ភបិលបននិងកំពុងអនុវតេដមបសីេ មច

ឲយបននូវេគលេ ខងេល មនជ ទិ ករយកពនធនចូំលអ សូនយ

េលឧបករណ៍ និងេ គ ងច កបេ មឲយផលិតកមម សវ និង លកខខណ

អនុេ គះននេល បកក់មចសី មបស់ហ គសផលិត សវ។ សេមច មន

ប សនេ៍ទ តថ រ ភបិល បនវនិិេយគ បក ់១០១,៤ នដុ រ

កនុងឆន ២ំ០០៩ និង ១៨៨,៨ នដុ រ កនុងឆន ២ំ០១០ េដមបែីកលំអ

បពន័ធធ ស។ េហយមកទល់ែខមថុិន កនុងឆន ២ំ០១១ រ ភបិល

បនវនិិេយគ បក ់២២០ នដុ របែនថមេទ តេទេលែផនកេនះ។

រ ភបិល ទទលួ គ ល់ពីបញ បឈមេនេសសសល់ តវេ ះ យ

កនុងរយៈេពលមធយម និងរយៈេពលែវង ដូចជ ពូជ សវមនតិចមុខ

កសិករមនចំេណះដឹងែផនកបេចចសេទសមនិទន់ គប់ គនអំ់ពី ករ ដុំះ

និង បមូលផល សវ អងគករកសិករមនសមជិកមនិទនេ់ ចន សមតថភព

ខងករែកៃចននិងហរិញញ វតថុេនមនក មតិ អគគិសនីមនៃថខពស់ ម៉ឃីតទីង

េនទនេ់ខ យនិងមនគុណភពអន។់ េ គះទឹកជំននដ់៏ កកបំ់ផុតកនុង១

ទស វត ែដលេទបេកតេឡងថមីៗេនះ កប៏នបះ៉ពល់ដល់ករសេ មច

េគលេ េនះែដរ។ ករ យតៃមបឋមេលផលបះ៉ពល់ៃនេ គះទឹកជំនន ់

បនរកេឃញថ លែ ស ៣៩០.០០០ហិក តវរងករខូចខត

កនុងេនះមន ១៩០.០០០ហិក តវខូចខតទងំ សង ែដល ចេធឲយ

ផលិតកមម សវធកចុ់ះកនុងឆន ២ំ០១១។

Economic News Highlights

Cambodia exports 140,000 tonnes of milled rice in 10 months According to statistics of the Ministry of Economy and Finance, Cambodia exported a little more than 140,000 tonnes of milled rice in the first 10 months of this year, a 173 percent increase over the same period last year. Export markets have been the European Union, United States, Japan, China and ASEAN countries. Exports of milled rice to the EU totalled 112,240 tonnes or approximately 79 percent of the total. Cambodia is expected to export about 180,000 tonnes of milled rice in 2011. Growing attention has been paid to the target of 4 million tonnes of surplus paddy production and at least 1 million tonne of milled rice exported by 2015. The government also recognises the importance of improving the quality of Cambodian rice or “white gold” to an internationally acceptable standard. The government’s commitment to achieving the target could also be seen during the 16th Government-Private Sector Forum, held on 23 November 2011 at the Peace Palace, in which “Review of the Progress of the Promotion of Paddy Production and Rice Export” was the only discussion topic. During the forum, Prime Minister Hun Sen outlined some of the initiatives on which government has been working to contribute to achieving the target, including zero import tariffs on paddy-production-related equipment and machines and more favourable conditions on loans for rice-producing enterprises. The government invested about USD101.4 m in 2009 and USD188.8 m in 2010, to improve irrigation. As of June 2011, the government had invested another USD220 m, according to his speech. The government recognises the remaining challenges that need medium- and long-term solutions, including the small variety of rice seeds, limited technical knowledge of farmers regarding paddy cultivation and harvest, limited membership in farmers’ organisations, limited financing and processing capacity, high electricity prices, low quality and poor marketing. The worst flood in a decade, which recently hit the country, also jeopardises target achievement. An initial impact assessment of the flood found that 390,000 hectares of paddy fields were affected, of which 190,000 hectares were destroyed. This can lower rice production in 2011. Links to others economic news

1. “Remarks at the Opening of the 16th Government-Private Sector Forum” (http://www.cnv.org.kh/2011_releases/23nov11_rcg-private%20sector%20forum_speech.html)

2. “Cambodia's garment exports up over 33 pct in 10 months”, (http://www.asean-china-center.org/english/2011-11/23/c_131264833.htm)

3. “Cambodia postpones levying profit tax on garment, footwear” (http://news.xinhuanet.com/english2010/business/2011-11/23/c_131265247.htm)

flash report on the cambodian economy, november 2011

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