Faculty Publications  | Volume 1     |    Number 1   |  January-June 2016   |    Pages 1 – 12  

Received: January 2016   |  Published unedited: June 2016

SUMMARY

According to the official statistic data by June of 2015 of National Institute of Statistic of Cambodia, Cambodia is expected to have an economic growth 6.9% in 2015 lower than expectation, however, with average GDP growth rates predicted by the IMF at 6.2-7.7% per year for the next three years, Cambodia would be the 2nd fastest growing economy in the region behind only Laos. This economic growth is currently driven by three main sectors: agriculture 28.6%, industry 27.9% and services 43.6%. And the financial services is one of most dynamic drivers. The industry include banking, microfinance, insurance, saving and investment, debt and equity service and, these activities play more important role as for the economic growth by allocating and providing financial resources to the investment needs. Meanwhile as the banking system keep growing stronger, competitiveness becomes more intense, and all the key player has to keep an eye on their market share.