MOE: China’s Reopening to Contribute to Cambodia’s Economic Growth

• 26 January 2023
• Local News
• 887 Views

A senior official at the Ministry of Economy and Finance said that China’s opening would contribute to Cambodia’s economic growth through foreign direct investment from China and tourism, while FDI from China in Cambodia represented about 42% of total investment last year. 

At a public forum held on 25 January, Permanent Secretary of the Ministry of Economy and Finance HE Vongsey Visoth said that China is one of the four major trade partners.  42% of FDI inflows to Cambodia are from China, giving China an important role in investing in Cambodia. 

“The opening up of the Chinese economy is an opportunity for Chinese capital to flow to Cambodia, and some investments aimed at exporting to international markets can also be relocated from China to Cambodia,” he said. 

He added that the reopening is also an opportunity to attract Chinese tourists to Cambodia. In 2023, Cambodia is expected to receive about 4.3 million foreign tourists, of which 2 million are expected from China. 

• Economy and Finance