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Cambodia receives $2.4 billion worth of FDI in first three months of 2022
In the first three months of 2022, from January to March, the Council for the Development of Cambodia (CDC) approved a total of 43 investment projects under an investment of more than $2.4 billion.
A report from the Council for the Development of Cambodia said that the 43 investment projects, most comprised establishment of garment factories, processing plant for fruit packaging, project to produce tires and many other projects.
Oknha Lim Heng, Vice President of the Cambodian Chamber of Commerce, emphasized that the approval of the new project is a good sign for Cambodia.
The tycoon expressed optimism that the implementation of the Cambodia-China, Cambodia-Korea Free Trade Agreement, as well as the implementation of the Comprehensive Trade Agreement (RCEP), while Cambodia still has the EBA as well as the GSP with the European Union, the United States and Britain also believes that investment is still on the rise.
Tycoon Lim Heng said that while some countries in the region that enjoy the same tariffs as Cambodia are facing political crises as well as the spread of Covid-19, orders from those countries are turning to Cambodia. Create new factories in Cambodia.
Source: https://www.khmertimeskh.com/501051822/cambodia-receives-2-4-billion-worth-of-fdi-in-first-three-months-of-2022/