Cambodia Welcomes $600 Million in Foreign Investment Projects, above 73% is Chinese direct investment

• 23 May 2023
• Local News
• 1655 Views

The Council for the Development of Cambodia (CDC) has granted its seal of approval to an impressive array of 65 fixed-asset foreign direct investment (FDI) projects within the initial four months of 2023, amassing a staggering total investment value of $588 million. These developments underscore Cambodia’s growing appeal as a coveted investment destination.

Leading the pack, Chinese direct investment has accounted for a substantial 73.5% of the total foreign direct investment influx into the country. In a momentous occasion, the “Cambodia-China Business Leaders Summit,” held on 19th May, witnessed the enlightening remarks of HE Chea Vuthy, Deputy Secretary-General of the CDC’s Cambodia Investment Committee. He emphasized the commanding presence of Chinese investments in Cambodia, perpetually occupying the top spot.

HE Chea Vuthy affirmed, “These figures clearly demonstrate that foreign direct investment, particularly from China, plays an instrumental role in propelling the national economy forward and enhancing the lives of the Cambodian people.”

The surging confidence exhibited by Chinese investors reflects the robust cooperation and favorable investment climate that Cambodia consistently offers, year after year.

In the preceding year, the CDC greenlit an impressive portfolio of 186 novel investment ventures and expansions, amassing a colossal total investment value of approximately $4 billion. Strikingly, a remarkable 90.5% of the total foreign direct investment originated from China. This enduring trend solidifies China’s steadfast commitment to Cambodia’s economic development.

The remarkable influx of foreign investment projects serves as a testament to Cambodia’s thriving business environment and its unwavering dedication to fostering mutually beneficial partnerships with global investors.

• Investment and Funding