Retail is booming in a health competition. Aside of its traditional markets, Phnom Penh, a home to more than 2 million, is seeing more modern and lifestyle shopping venues in various locations. Around 20 have opened by 2Q2019, of which three are high-end shopping malls covering 166,084 sqm. However, the ratios still stood at 0.1%, presenting more room to grow. The strong 7.5% economic growth and $1,500 GDP per capita have also fuelled the buying power of local residents.
Our team at Market Research Cambodia will help you to seize the extensive opportunities in the market across different areas such as digitalisation, digital wallet and marketplace and also social networking service. Our expert team is committed to guide clients in anticipating changes of buyers' needs and thriving in the market competition.