Cambodia

Last modification: 18 avr 19
Introduction: 

The Kingdom of Cambodia is located in the southern portion of the Indochina peninsula in Southeast Asia.

Chapter 1: Economic and business environment

Demographics

 16,245,729 (2018 est.)

Capital

Phnom Penh

Major cities

Battambang, Siem Reap

Languages

Central Khmer (km), French (fr), English (en)
French, once the language of government in Indochina, is still spoken by many older Cambodians and is still the language of instruction in some schools and universities that are funded by the government of France.
Since the mid nineties, there has been a growing use of English. It is widely taught in several universities.
English is now used in Cambodia's international relationships.

GDP

$1,559 (2018 est.)

Unemployment rate

0.3% (2017)

Main industries

GDP Composition by Sector:
Agriculture (33.4 percent)
Industry (21.4 percent)
Services (45.2 percent)

Industrial Production Growth Rate: 5.7 percent

Industries: tourism, garments, construction, rice milling, fishing, wood and wood products, rubber, cement, gem mining, textiles

Currency

KHR Cambodian riel

Interest rate

1.44% in 2016

1.53% in 2017

Political key info

Officially a multiparty democracy, in reality "the country remains a one-party state dominated by the Cambodian People's Party.

Inflation

4,04% in 2017

3.01% in 2018

Chapter 2 : Automotive market, segments & sales

Total Car park

21 cars per 1000 inhabitants

According to the Public Works and Transport Bureau of Phnom Penh, Cambodia, the number of registered vehicles as of July 2018 was 480,000 cars, 1.7 million bikes and 11,000 three-wheeled bikes. The total number of vehicles was approximately 2.2 million, up from 1.8 million in the previous year.

Vehicles average growth rate: +15.60% (2008‐2018)

In Cambodia, left-hand drive cars only

New vehicle registrations (Cars, LCV, Trucks)

About 90% of Cambodia's domestic market is used cars

Model preference top 5 (total market)

cars: Lexus RX300 and Toyota Camry

medium and large buses: Hyundai

minivans: Sanyon Istana

 

Dealer network (including fleet dealer network)

It is said that there are 200 large and small maintenance factories around Phnom Penh. Besides the new car dealers, there are players who provide car maintenance services. It is roughly classified into three players. (1) dealer, (2) modern, (3) traditional.

-- The dealer is a general maintenance factory attached to a new car dealer. It targets customers within the warranty period after the sale of a new car.

-- Modern is mainly a maintenance factory equipped with facilities owned by foreign capital. Including PIT & GO, e-Garage, CAR FRESH, Futaba Garage, K-Fix Automobile, GA Service Center and so on.

-- Traditional is a small family-owned, local daddy-mama shop-like maintenance and repair shop.

Chapter 4: Taxation & legislation

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Chapter 5: Car policies

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Chapter 6: Funding methods

Overview of penetration of funding methods (buy or lease statement)  
Type of suppliers (captive versus multibrand, international versus local…)  
6.1 Outright purchase:  
Definition Vehicle is registered as a fixed tangible asset on the balance sheet at the acquisistion value and depreciated over total useful economic life
Pro’s and con’s  
Economic & legal ownership Full ownership, included Risks asd Rewards
Business practices  
6.2 Renting (Finance lease) :  
Definition  
Pro’s and con’s  
Economic & legal ownership  
Business practices  
6.3 Full service leasing (operational leasing)  
Definition  
Pro’s and con’s  
Economic & legal ownership  
Business practices  
6.4 Fleet Management  
Definition  
Pro’s and con’s  
Economic & legal ownership  
Business practices  
6.5 Short term rental  
Definition  
Pro’s and con’s  
Economic & legal ownership  
Business practices  
6.6 Other funding methods  
   

Chapter 7: Fuel

Following a series of tax cuts, Cambodian regular gasoline prices have been reduced by 200 Riels per liter and sold from Sunday, July 1, 2018 at gas stations all over the country at 3950 Riels ($ 0.97). Diesel : 3750 Riels ($ 0.93)

Chapter 8 : TCO components

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Chapter 9: Safety, insurance and telematics

3,267 traffic accidents occurred nationwide in 2018, (down 7% from 2017), causing 1,761 fatalities (down 1%) and injuring 4,770 (down 14%).

Insurance offerers

Three life insurance companies and four non-life insurance companies entered the market that had been four life insurance companies and seven non-life insurance companies until 2016

Cambodia National Insurance Company
Asia Insurance
Forteinsurance
Campron Pack Insurance
Infinity comprehensive insurance
Cambodia and Vietnam Insurance
People and Partners Insurance
Evercare Insurance
East Insurance
Lee Ho Insurance
Phillip General Insurance Cambodia

Chapter 10: Environment

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Chapter 11: Mobility

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Chapter 12: Key trends to watch

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