Vietnamese firms’ invest close to $90 million in Cambodia in first four months

• May 11, 2021

Vietnamese firms invested $545.9 million  in overseas projects in the first four months of 2021, a year-on-year rise of 7.9-fold, according to Vietnam’s Ministry of Planning and Investment.

Cambodia secured $89.1 million in these investments from Vietnam, ranking second in terms of the total investments announced for the first four months.

There were 18 new projects receiving investment certificates with total registered capital worth $142.8 million, up 2.7-fold against the same period last year.

In addition, $403.2 million was pumped into nine existing projects, surging 25.5-fold.

A major part of the capital outflow – $270.8 million – was poured into science-technology projects, accounting for 19.6 percent of the total figure. Wholesale and retails followed with $147.8 million.

The US was the top destination for Vietnamese capital in the period with $302.3 million, holding a lion’s share of 55.4 percent. France, Canada, Germany and the Netherlands followed after Cambodia.

As of April 20, Vietnam had 1,417 valid overseas projects totaling $21.8 billion, mainly in the sectors of mining (36 percent of total capital) and agro-forestry-fisheries. VNA

Source: https://www.khmertimeskh.com/50854578/vietnamese-firms-invest-close-to-90-million-in-cambodia-in-first-four-months/