Cambodia attracts $692m investment

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Cambodia’s economy is on a growth path, with construction being one of the main drivers.

Foreign and domestic companies invested $692 million in Cambodia in the first half of this year, according to a report of the Council for the Development of Cambodia issued last week.

During the period, domestic investment topped the chart with a total volume of $148 million for 12 projects. China was the largest foreign investor with $141 million for 19 projects.

ASEAN member states invested $178 million. Investment into four projects came from Thailand at a total of $84 million, four  projects came from Vietnam with $82.5 million and one project worth $11.5 million from Singapore, the council said.

Local investors invested into fertiliser manufacturing, beverage manufacturing, rice milling, tapioca powder processing, garment factories, hotel and resort development and information technology. Chinese investors put their money into the garment and textile industry and into rice milling, whilst Thailand invested into a footwear factory, clothes manufacturing and also into rice milling. Vietnam invested into beverage manufacturing and rubber plantation and processing, Singapore into the garment and textile industry.

One of the largest individual foreign investors in Cambodia is China’s Hainan Ruijin Investment Holding Group, which plans to invest into rice plantations, cow farms and tourism development, according to a statement by the group’s chairman Pan Xiaoping quoted by China’s Xinhua news agency.

ASEAN countries investing in Cambodia are only Malaysia, Vietnam, Thailand and Singapore. In the period, the country also saw investments from the US, Canada, UK, South Korea, Taiwan, Hong Kong, India, Japan and Samoa.

 

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Reading Time: 1 minute

Cambodia’s economy is on a growth path, with construction being one of the main drivers.

Foreign and domestic companies invested $692 million in Cambodia in the first half of this year, according to a report of the Council for the Development of Cambodia issued last week.

Reading Time: 1 minute

Cambodia’s economy is on a growth path, with construction being one of the main drivers.

Foreign and domestic companies invested $692 million in Cambodia in the first half of this year, according to a report of the Council for the Development of Cambodia issued last week.

During the period, domestic investment topped the chart with a total volume of $148 million for 12 projects. China was the largest foreign investor with $141 million for 19 projects.

ASEAN member states invested $178 million. Investment into four projects came from Thailand at a total of $84 million, four  projects came from Vietnam with $82.5 million and one project worth $11.5 million from Singapore, the council said.

Local investors invested into fertiliser manufacturing, beverage manufacturing, rice milling, tapioca powder processing, garment factories, hotel and resort development and information technology. Chinese investors put their money into the garment and textile industry and into rice milling, whilst Thailand invested into a footwear factory, clothes manufacturing and also into rice milling. Vietnam invested into beverage manufacturing and rubber plantation and processing, Singapore into the garment and textile industry.

One of the largest individual foreign investors in Cambodia is China’s Hainan Ruijin Investment Holding Group, which plans to invest into rice plantations, cow farms and tourism development, according to a statement by the group’s chairman Pan Xiaoping quoted by China’s Xinhua news agency.

ASEAN countries investing in Cambodia are only Malaysia, Vietnam, Thailand and Singapore. In the period, the country also saw investments from the US, Canada, UK, South Korea, Taiwan, Hong Kong, India, Japan and Samoa.

 

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