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ខ្មែរ Economy and Finance
FDI in 2021 at US$4.3 billion, 47% drop Y-o-Y
- 29 April 2022
In 2021, Cambodia received a total of US$4,357 million in foreign direct investment (FDI), a decrease of 47 % compared to the amount in 2020 with a total FDI of US$8,250 million. According to the Council for the Development of Cambodia (CDC), FDI from China remains the top one at US$2,326 million, a 67% increase y-o-y. FDI from Singapore and the United States was worth US$121 million and US$...
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WB: High Credit in Construction & Real Estate Still Risk for Cambodia’s Financial Stability
- 6 April 2022
High credit growth in the construction and real estate sectors remains a key risk to Cambodia’s financial stability despite the 2022 economic growth rate projection of 3.8-4.5%, according to a World Bank report issued on 5 April. As of 2021, credit to construction and real estate activities were accumulatively at US$6.93 billion, or 18% of US$38.6-billion total consumer credit. The National ...
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WB: Law on Investment, FTA, & RCEP Expected to Attract More Investment in Cambodia
- 6 April 2022
The new Law on Investment, the China and South Korea FTAs, and the Regional Comprehensive Economic Partnership (RCEP) are expected to help boost investment and trade in Cambodia in the coming years, according to a World Bank report on Tuesday. RCEP is a mega trade agreement between 10 ASEAN member states and its FTA partners, namely China, Japan, South Korea, Australia, and New Zealand. RCEP...
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Prudential Invests US$5 million in CAIC Guaranteed Bonds
- 5 April 2022
Prudential (Cambodia) Life Assurance PLC has invested US$5 million in guaranteed bonds of the Cambodia Airport Investment Co Ltd (CAIC) for supporting the development of the Techo International Airport. The signing ceremony was held on 5 April by representatives of Prudential (Cambodia) Life Assurance PLC and Prudential (Cambodia) Life Assurance PLC. Guaranteed by OCIC, the coupon rate of th...
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Over 200 Korean Investment Projects Worth US$5bn Registered in Cambodia as of February 2022
- 1 April 2022
The Council for the Development of Cambodia (CDC) has registered 219 Korean investment projects worth a total of US$5 billion as of February 2022, a large part of which are construction and real estate projects. The figures were presented during a meeting between CDC Secretary-General HE Sok Chenda Sophea and South Korea’s Minister of Government Policy Coordination HE Koo Yun-cheol on 30 March....
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Cambodia Receives Approx. US$4 million from Japan to Develop Rural Areas
- 21 March 2022
Grant aid worth JPY500 million (US$4.3 million) has been signed over during the state visit of Japanese Prime Minister Kishida Fumio in Cambodia. The grant was signed on 20 March by the Japanese Ambassador to Cambodia HE Mikami Masahiro and Representative of UNDP to Cambodia Alissar Chaker, under the chairmanship of Prime Minister Samdech Hun Sen and HE Kishida Fumio. The two projects includ...
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Domestic Cement Plants Produce 1.5 million Tons of Cement in First Two Months of 2022
- 18 March 2022
Domestic cement production reached about 1.5 million tons in the first two months of 2022, up 2% from the same period in 2021. According to a report from the Cambodia Cement Manufacturing Association, the five factories that were members of the association produced 799,226 tonnes in February, up from 725,022 tonnes produced in January. Last year, the amount of domestically produced cement wa...
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Cambodia’s Total Public Debt is US$9.49 Billion
- 11 March 2022
As of the end of 2021, Cambodia’s total public debt was US$9.49 billion, representing public external debt mainly used for public infrastructure development, according to the Cambodia Public Debt Statistical Bulletin dated 25 February. In 2021 alone, the Cambodian government signed concessional loan agreements with development partners for a total of US$905 million, accounting for 43% of the de...
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PP Governor: Construction Sector Continues to Grow With Over US$2.2bn Investment Recorded in 2021
- 11 March 2022
Phnom Penh Governor HE Khuong Sreng has confirmed that the construction sector in the capital in early 2022 has continued to grow despite pressure from the COVID-19 crisis in 2020 and 2021. During the ground-breaking ceremony of a new 44ha borey project in Prek Pnov district, HE Khuong Sreng said, as of 2022, there are a total of 310 boreys and 1,603 high-rise buildings (225 are buildings with ...
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Draft Automotive & Electronics Sectors Roadmap Completed, Under Discussion with Stakeholders
- 2 March 2022
The drafts of the automotive and electronics sectors roadmaps have been completed and are under discussion and review by supporting stakeholders and investors. The draft roadmaps were discussed on 1 March among eight ministries/agencies, with support from the UK government's Accelerated COVID-19 Economic Support (ACES) programme in partnership with the Boston Consulting Group (BCG) to seek thei...
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