As of the first half of 2023, Chinese direct investment in Cambodia reached more than 20 billion US dollars, an increase of 11.1%

date_range 02-Aug-2023
visibility 1

Phnom Penh: Chinese direct investment in Cambodia as of the first half of 2023 amounted to 83.5 trillion riels or about 20.59 billion US dollars, an increase of 11.1% over the same period 2022. This is according to data presented by the National Bank of Cambodia.

Most of China's investment in Cambodia is in the manufacturing sector at 31.6%, hydropower at 12.3%, finance at 11%, real estate at 9.8%, hotels and restaurants at 9.1%, construction 7.5%, agriculture 6.1% and others 12.6%.

Oknha Lim Heng On, President of the Cambodian Chamber of Commerce, said that the investment of companies from China, we have seen positive signs under the policy of one belt and one road (Silk Road), especially trade agreements. The free trade between Cambodia and China, which we are practicing, is an opportunity for many Chinese companies to invest in our country to produce and export to the Chinese market and other countries such as the European Union and the United States.

He added that through the Cambodia-China Free Trade Agreement (CCFTA), the Cambodia-Korea Free Trade Agreement (CKFTA), the Regional Comprehensive Economic Agreement (RCEP) and the Cambodia-Emirates Comprehensive Partnership Agreement. The United Arab Emirates, etc., is very important to help boost Cambodia's economic growth.