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China represents 43% of $2.99-bn foreign investment in Cambodia in H1

25 Jul '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

In the first half (H1) of this year, Cambodia attracted fixed-asset investment from China worth $1.29 billion, the Council for the Development of Cambodia (CDC) reported recently. As the top foreign investor there, China accounting for 43 per cent of the total foreign investment worth $2.99 billion the country approved during the January-June period.

Other foreign investments during the first half came from Thailand, Samoa, British Virgin Islands, South Korea, Singapore, Cayman Islands, Malaysia, Japan and Australia, the CDC report said.

Investment projects were focused on agriculture and agro-industry sectors, manufacturing, tourism and infrastructure.

Meanwhile, Cambodia’s general department of customs and excise registered a 19.7 per cent year-on-year growth in the trade volume with China to $5.98 billion during H1 2022.

Fibre2Fashion News Desk (DS)

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