Cambodia attracts $1.3 bn in FDI inflows in Jan-Feb 2024

12 Mar '24

1 min read

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Cambodia garnered foreign direct investment worth $1.3 billion in the first two months this year—a rise of over 500 per cent YoY, according to the Council for the Development of Cambodia.
China led, accounting for about 39 per cent of total such investment capital.
The Cambodia Chamber of Commerce attributed higher FDI inflows to strong investor confidence.

Cambodia garnered foreign direct investment worth $1.3 billion in the first two months this year—an increase of over 500 per cent year on year (YoY), according to the Council for the Development of Cambodia (CDC).

China led, accounting for about 39 per cent of total such investment capital. It focused on industry, infrastructure and agriculture, said Chea Vuhty, secretary general of CDC’s Cambodia Investment Board.

Vice president of the Cambodia Chamber of Commerce Lim Heng attributed higher FDI inflows to strong investor confidence due to the country’s stability and free trade agreements, and the perceived potential for growth in made-in-Cambodia products.

The government has also been proactive in addressing the difficulties and challenges of the private sector for both domestic and foreign investors, Heng was quoted as saying by a domestic media outlet.

Cambodia attracted fixed-asset investment worth $4.92 billion last year—up by 22 per cent from $4.03 billion a year earlier.

ALCHEMPro News Desk (DS)

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