PHNOM PENH, Jul 17 (NNN-AKP) – Cambodia had attracted 45.8 billion U.S. dollars in foreign direct investment (FDI) from 1994 to the first quarter of 2023, according to a National Bank of Cambodia’s report, yesterday.
The main sources of capital were China, South Korea, Singapore, Japan, Vietnam, Malaysia, Thailand, and Britain, the central bank report said.
“The inflow of investment was injected into the major sectors of the economy, including financial activities, manufacturing, real estate, accommodation, agriculture, hydropower and construction,” said the report.
Heng Sokkung, secretary of state and spokesman for the Ministry of Industry, Science, Technology and Innovation, said, excellent ties, the Cambodia-China Free Trade Agreement (CCFTA) and the Regional Comprehensive Economic Partnership (RCEP) Agreement, are the key factors encouraging more Chinese investors to Cambodia.
“These free trade agreements, together with Cambodia’s favourable investment law, peace and political stability, have provided a great opportunity for foreign investors, particularly Chinese ones, to invest in the country,” he said.
“Chinese investment has not only brought about new capital and technologies, but also created new jobs for the Cambodian people,” he said.– NNN-AKP
