BMI View: We maintain that significant foreign interest in Cambodia will be unlikely given the lack of proper regulation, rampant corruption and poor infrastructure in the country. In addition, due to low per capita pharmaceutical and healthcare expenditure, the market will only be attractive to producers of low-value pharmaceutical products such as generic drugs and over-the-counter drugs from other countries, such as Vietnam. Headline Expenditure Projections ? Pharmaceuticals: KHR721.1bn (US$170mn) in 2012 to KHR790.9bn (US$190mn) in 2013; +9.7% in local currency terms and +8.2% in US dollar terms. Forecast broadly in line with Q213. ? Healthcare: KHR3,167.1bn (US$760mn) in 2012 …
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