Cambodia Investment Review
Maybank International Holdings (MIH), part of the Maybank Investment Banking Group (Maybank IBG), has renewed its Memorandum of Understanding (MoU) with the Securities and Exchange Regulator of Cambodia (SERC), reinforcing a partnership aimed at accelerating the growth and sophistication of Cambodia’s capital market.
The latest agreement builds on prior MoUs signed in 2020 and 2023, extending cooperation for another two years. The renewed framework expands technical collaboration and knowledge sharing across key regulatory and market areas, including corporate governance, risk management, compliance, and financial standards.
Deepening Collaboration for Market Development
Over the past five years, Maybank IBG and SERC have conducted multiple engagement and expertise-sharing sessions that contributed to advancements in Cambodia’s bond and derivative markets, tax audit frameworks, and collective investment schemes.
The new MoU focuses on enhancing investor participation and attracting more foreign investment into the country’s capital market — aligning with Cambodia’s broader economic ambitions under Vision 2030 and Vision 2050.
H.E. Sou Socheat, Director General of SERC, said the renewal marks an important milestone in the regulator’s partnership with Maybank.
“Cambodia’s securities industry continues to evolve, and this partnership provides valuable expertise in developing our regulatory framework, expanding product offerings, and nurturing human capital to support market growth,” he said. “We look forward to deepening our cooperation to promote innovation, efficiency, and investor confidence in Cambodia’s capital market.”
Supporting Cambodia’s Vision for Sustainable Growth
Maybank IBG CEO Michael Oh-Lau described the agreement as timely, noting Cambodia’s growing role within ASEAN’s capital market ecosystem.
“We are pleased to renew our collaboration with SERC at a pivotal moment for Cambodia’s capital markets and in support of Cambodia’s Vision 2030 and 2050,” he said. “The Securities Sector Development Master Plan 2025–2035 outlines a roadmap to diversify financial products and advance sustainable finance — areas where Maybank brings ASEAN expertise, track record, and network.”
He added that with Cambodia’s economy projected to grow by around 4% in 2025 and infrastructure investment expanding, the country’s capital market is well positioned to mobilize funding for sustainable infrastructure projects.
Expanding Local Presence and SME Support
Maybank’s presence in Cambodia spans over three decades, with 21 branches nationwide providing a full suite of financial services. Beyond traditional banking, the institution continues to support small and medium enterprises (SMEs) and exporters through initiatives such as the SME Export Finance Solution and Capacity-Building Programme — designed to help Cambodian businesses compete and grow regionally.
The renewed collaboration between Maybank and SERC is expected to further strengthen Cambodia’s financial ecosystem, positioning the country for greater regional integration and long-term capital market resilience.
