FDI inflows into Cambodia hit $8.1 bn in a year from Sept 2023

The primary FDI sources were China, South Korea, Singapore, Japan, Vietnam, Malaysia, Thailand, Canada and the United Kingdom.

The main sectors of foreign investment are financial activities, manufacturing, real estate, agriculture, and energy. The banking, microfinance, and insurance sectors have also seen rapid FDI expansion.

But Cambodia is not attracting foreign investment in high-tech manufacturing.

In 2024 and 2025, the country’s economy is projected to grow at around 6 per cent and 6.3 per cent respectively, primarily backed by a continued momentum in export-oriented sectors, especially garments, Aun Pornmoniroth, deputy prime minister and minister of economy and finance told the ‘Global Chinese Economic and Technology Summit–GCET 2024’ recently.

Cambodia is open to foreign business ownership and free capital repatriation, and allows cent per cent foreign ownership in most sectors, except land ownership, and also allows investors to freely purchase foreign currencies and repatriate those foreign currencies, he was cited as saying by a domestic media outlet.

In the first nine months this year, the Council for the Development of Cambodia (CDC) registered 315 projects, bringing in $5.3 billion in investment and generating over 252 000 jobs.

ALCHEMPro News Desk (DS)