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Cambodia: China remains top in Kingdom’s FDI last year
China’s foreign direct investment was on the rise in Cambodia last year despite Covid-19, showing positive confidence of investors in Cambodia as the country fully resumed its socio-economic activities, particularly the bilateral trade pact.
The Council for the Development of Cambodia registered new private investment worth $4,357 million last year, a year-on-year decrease of 47 percent compared to the same period last year.
Foreign direct investment from China tops the list with a total investment of $2,326 million, 67 percent increase compared to a year before, read the data.
Investment from Singapore and the US were on the rise with $121 million and $163 million, increased from $73 million and $33 million respectively.
The CDC registered the local investment worth a total of $1,204 million, dropping from $4,147 in 2020.
Lim Heng, vice president of the Cambodia Chamber of Commerce, said that the Kingdom is expected to receive more foreign direct investment from abroad, particularly from China and Korea.
“Under the Cambodia-China Free Trade agreement, more foreign investment will step in Cambodia to benefit the pact at the time Cambodia fully resumes country and socio-economic activities,” Heng said.
Source: https://www.khmertimeskh.com/501068035/china-remains-top-in-kingdoms-fdi-last-year/